Sr./Specialist, Credit Analysis

Borouge PLC; Abu Dhabi; On-site; AED 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Credit Analyst to enhance credit performance across the Middle East and Africa. This role involves conducting credit evaluations, managing credit risks, and collaborating with various business functions to support strategic growth. The ideal candidate will possess strong analytical skills and a solid understanding of financial statements, enabling effective risk mitigation strategies. Join a dynamic team where your contributions will directly impact the company's financial health and success. If you have a passion for finance and credit management, this opportunity is perfect for you.

Qualifications

• 2+ years of credit analysis experience, preferably in the Middle East and Africa.
• Ability to analyze financial statements and perform credit evaluations.

Responsibilities

• Perform credit evaluations for customers across the Middle East, Africa & Europe.
• Engage with sales and customer service teams to support sales transactions.
• Monitor credit risk proactively and manage overdue receivables.

Skills

Credit Risk Management

Financial Statement Analysis

Credit Evaluation

Stakeholder Management

Analytical Skills

Education

University degree in Finance

Credit Risk Management

Tools

SAP

Excel

PowerPoint

Job description

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Senior / Specialist, Credit Analysis Middle East and Africa supports the Manager, Credit Analysis in setting Borouge’s PTE strategic credit control and collection direction, providing effective credit risk management and driving credit performance.

KEY ACCOUNTABILITES

Job Specific Accountabilities

Accountability Title

• Perform credit evaluation for customers across the company, covering Middle East, Africa & Europe
• Implement and maintain global credit management framework (procedure and methodology)
• Support business strategies and growth through business partnering with sales, marketing, customer service and other functions
• Balance credit risk and business opportunities through effective risk mitigation tools and close collaboration with key stakeholders
• Participate in cross function credit risk management projects to enhance and streamline credit processes

Credit Analysis

• Perform credit review of customers based on the analysis of financial statement, country risk, credit agency reports, payment experience, risk and opportunity, economic and industry outlook
• Ensure credit limit approvals obtained as per Delegation of Authority
• Ensure credit reviews are carried out timely prior to credit limit expiry
• Mitigate credit risk through various collateral strategies (Bank Guarantee, Standby Letter of Credit, Insurance or other means of risk mitigation) and ensure validity and enforceability of the collaterals
• Monitor the credit risk of customer proactively and take appropriate actions accordingly to manage credit risk exposure
• Monitor and assess the business outlook and market trends and engage key stakeholders where there are potential credit risk implications to the business
• Manage credit insurance policy through credit limit applications and ensure decisions are duly updated in the system

Credit Control

• Act as a focal point of credit team and engage regional sales and customer service teams to support sales transactions
• Engage key stakeholders to manage the Accounts Receivable through weekly overdue action plan and monthly Regional Credit Watch workshop
• Coordinate with banks to support requirements on trade financing services
• Proactively engage in timely and accurate collection of accounts receivable to achieve Days Sales Outstanding (DSO) and Days overdue outstanding (DOO) targets and other performance based metrics
• Negotiate repayment schedule and manage overdue notification/claim with credit insurance companies
• Keep management informed of any significant delinquency
• Initiate legal litigation/arbitration (supported by legal department) and work directly with external lawyer to collect overdue receivables

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS

• University degree in Credit Risk Management/Finance/Accounting/Economics/Business or related discipline
• Minimum 2 years of credit analysis experience preferably with Middle East and Africa exposure
• Able to analyze financial statements, perform credit evaluations/reviews include providing recommendation with risk mitigation strategies
• Fluency in English is required and proficient in Arabic or other languages is an advantage
• Strong analytical, interpersonal and stakeholder management skills
• Knowledge of SAP
• Good excel and PowerPoint include presentation skills
• Experience in project management will be a plus but not mandatory