Manager, Philips Capital

Philips Belgium NV; Riyadh; On-site; SAR 120,000 - 240,000; Full time

Job summary

An established industry player seeks a dynamic Manager for Philips Capital to drive innovative financing solutions across the Middle East. In this pivotal role, you will partner with sales teams to enhance customer satisfaction and retention through tailored financing options. Your expertise in deal origination, risk management, and financial structuring will be crucial in navigating complex projects and fostering relationships with key stakeholders. If you have a passion for healthcare financing and a strong network in the region, this is your chance to make a significant impact in a forward-thinking company dedicated to improving lives through technology.

Qualifications

• 5-8 years in leasing with experience in credit and sales.
• Strong knowledge of financing solutions and regulatory frameworks.

Responsibilities

• Originate and execute financing deals in KSA and META.
• Manage risk and conduct financial analysis for proposals.
• Build relationships with stakeholders and promote Philips Capital.

Skills

Deal Origination

Risk Management

Financial Analysis

Customer Relationship Management

Knowledge of Sharia Law

Project Financing

Arabic Language

Turkish Language

Education

Bachelor's Degree in Finance or related field

Master's Degree (preferred)

Tools

Financial Modelling Software

Credit Risk Assessment Tools

Job description

Manager, Philips Capital

Job Title

Manager, Philips Capital

Your role:

Philips Capital is the “single source of all customer financing needs” for Philips across all Businesses and Markets globally. These financing solutions range from a standard lease, rental to financial structuring of a complex project finance, insurance backed receivable finance, equity deals including PPPs etc. You will be part of a dynamic “one-stop-shop” for financing solutions and will be actively involved in the sourcing financing facilities and developing innovative financing solutions. You will become a partner with our sales & commercial organizations to grow sales volume, margin, customer retention and satisfaction through financing solutions. While your primary focus will be originating and executing financing deals in KSA, you will also be expected to actively support on projects across Middle East, Turkey & Africa (META market). You will work cross sector i.e. across Health Systems & Personal Health businesses of Philips.

Your responsibilities

1. Deal Origination & Structuring Financing Solutions: Help sales team win more by providing locally relevant financing products and programs for both the private and public sector customers. The key metrics for success will be the business volumes generated/enabled for the sales & commercial team through financing solutions. Originate & execute both vanilla and structured financing transactions based on trade financing products (Letters of Credit, Doc collection, Avalization, Forfaiting etc.), leasing structures such operating and financial leases (inc. Islamic structures like Murabaha & Ijarah), structured export and project financing structures utilizing ECA/EXIM and multi-lateral/institutional financing solutions.
2. Risk Analysis & Risk Management: Manage Risk to Philips by assessing deal structures and terms, manage due diligence process, engage with financial institutions & customers and negotiate deal terms and conditions, as appropriate. Carry out detailed financial analysis of the client financials, feasibility reports and develop credit/investment proposals in line with Philips Capital policies and guidelines. Support the Philips Capital Middle East & Africa (META) team for projects in the region, especially in credit evaluations, preparing proposals, internal memorandums and reporting Back office support for financing transactions, including order booking, collections, monitoring, shipments and liaising with banks.
3. Embed Philips Capital in the Market: Build relationships with key stakeholders and other business units/product specialists to incorporate their expertise and train the sales/business team on selling integrated value propositions from Philips (including financial solutions). Participate in various industry seminars and conference to build presence of Philips Capital in healthcare and banking industry.

You're the right fit if:

Professional with 5-8 years’ experience in leasing arms of banks with experience of working in both the credit department and customer facing (sales) experience of deal origination & execution in a captive financing arm of a corporate in Corporate Banking with strong experience on vanilla (LCs, SBLCs/BGs, Avalisation) and structured (receivables financing, insurance / backed / ECA financed) solutions with strong knowledge of UCP600 / URDG 758 / ISBP. Banking/credit Insurance companies with customer facing experience of cross border deal origination, structuring & execution in project or structured finance areas. Experience of working in KSA. Financial acumen & legal and regulatory knowledge of KSA. Experience of modelling and analyzing P&L, cash flows, balance sheets. Proficiency in English is required; Prior experience of working with/for credit insurers and working on government transactions, PPPs, healthcare projects or infrastructure projects will be a strong plus. A person with good network with financial institutions, leasing companies, and other financiers in the region. Experience of arranging financing for Healthcare projects. Knowledge of Sharia law & SAMA regulations w.r.t. financing. Arabic and/or Turkish speaker is preferred.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.

It is the policy of Philips to provide equal employment and advancement opportunities to all qualified employees and applicants for employment without regard to race, color, religion, sex, pregnancy/childbirth or related medical conditions, age, ethnic or national origin, sexual orientation, gender identity or expression, physical or mental disability, genetic information, citizenship status, veteran or military status, marital or domestic partner status or any other characteristic protected by law. As an equal opportunity employer, Philips is committed to fostering a culture where all are treated with respect and professionalism.

To ensure reasonable accommodations for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974 and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.

Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.