Accounting jobs in Saudi Arabia

We are seeking a Credit Risk Analyst to join the credit team in its Credit & Market Analysis Division which is part of the Treasury organization. The main role of the division is to manage credit and market risks.

Your main responsibility will be to safeguard the company’s assets by performing quantitative and qualitative credit assessments of counterparties, propose appropriate credit risk mitigation strategies and provide recommendations to management. This position requires strict adherence to the company’s credit risk policy and operating procedures.

You will be also required to collaborate with other areas such as Operations, Sales, LAW, Contracting, among others. Therefore, it is essential to possess excellent interpersonal and communication skills in order to succeed in this role.

As a successful candidate, you will perform the following:

• Conduct credit evaluations of counterparties (financial and non-financial institutions).
• Carry out financial qualification of service providers for new projects.
• Conduct in-depth analysis of financial statements and employ the company’s internal credit model to derive credit ratings.
• Ensure new business transactions and related risks are appropriately defined, captured, and managed, by the Company’s risk methodologies and systems.
• Maintain approved credit limits and ratings in credit database.
• Actively monitor counterparty credit ratings and latest market developments to keep management informed on potential risks.
• Perform stress testing on various portfolios in order to identify and mitigate unwanted exposure.
• Review policies, procedures, and align risk policies across the Group.
• Assist in the consolidation and preparation of reports for management.
• Complete assigned ad-hoc tasks as directed.

As a successful candidate, you will have:

• A Bachelor’s degree in finance, economics, accounting, or a related field. MBA or other advanced business degree is preferred.
• Professional certification such as FRM, ERP, CMA or CFA, are highly regarded.
• At least 10 years of relevant credit experience in energy, banking or financial risk management.
• Experience with implementation and application of credit risk models
• In-depth knowledge of qualitative and quantitative credit assessments
• Extensive experience analyzing financial statements
• Ability to meet tight deadlines to submit credit recommendations to management
• Advanced proficiency in Microsoft Excel including Excel models

Title : Assoc of Chartered Certified Accountant (ACCA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
A leading international body providing certification in accounting and r

Title : Certified Financial Analyst (CFA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of investment analysis, portfolio management

Title : Certified Internal Auditor (CIA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of internal audit and practice

Title : Certified Management Accountant (CMA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of management accounting, budgeting, and deci

Title : Certified Public Accountant (CPA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the area of financial accounting and reporting

Title : Saudi Org of Certified Public Accountant (SOCPA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of accounting and auditing standards