Credit Risk Manager

4 weeks ago


Muscat, Muscat, Oman Prysmian Group Full time

TITLE: FUNCTION:

Credit Risk Manager

FINANCE

REPORTS TO: REPORTEES:

CFO

Asst. Manager Accounts, Account Officer

DEPARTMENT: GRADE/LEVEL:

FINANCE

LOCATION:

MUSCAT, SULTANATE OF OMAN

Role And Context

Need To Do

Knowledge, Abilities and Experience

Purpose:

  • As part of the Finance team, supervising and providing support to the CFO in managing Receivables, credit risk, collections as per policy, Insurance & Enterprise Risk Management.

Summary of the Job Role:

  • Manage all credit risk related activities (O2C), DSO, Overdue, IFRS 9 -ECL, Credit Evaluation & Ad hoc Reports.
  • Supervise & verify accounting transactions to achieve business goals.
  • Manage ERM process & Quarterly presentations.
  • Review and recommend credit limits and payment terms.
  • Manage Insurance policy and claims process.

Authorities:

Financial: As per authority matrix.

People: Performance review of staff.

Operational: As per authority matrix.

Key Deliverables:

  • Analyze the financial risk associated with various customers and evaluate their creditworthiness.
  • Assist in attending to audit requirements.
  • Maintain Book of Accounts as per accounting standards on a day-to-day basis.
  • Oversee and assign tasks to team members.
  • Supervise and assist in interfacing on credit risk and accounts receivables management.
  • Manage interfacing with the commercial team for credit risk and collections.
  • Perform full cycle of Enterprise Risk Management framework on a quarterly basis and present to stakeholders.
  • Coordinate for preparing monthly, quarterly accounts receivables and credit risk reports for submission to relevant authorities.
  • Ensure timely reporting to management and other financial institutions as required.
  • Improve DSO, Bad Debts, and Credit risk ratio and coverage.

Relationships (Internal):

Commercial Department, all function heads.

Relationships (External):

Auditors, Customers & Banks.

Qualifications:

  • MBA Finance / M. Com
  • Graduate in finance/accounting.
  • Bachelor's degree in accounting/Commerce essential.
  • Certification in Credit Management & ERM is an added advantage.

Skills/Knowledge:

  • Credit Management
  • Risk Management (ERM)
  • Insurance Management
  • Interpersonal skills
  • Accounting skills (IFRS 9 & ECL Model)
  • Negotiation skills
  • Business Relationship building skills
  • Good communication skills (Verbal & Written)
  • Computer skills (SAP, Power BI, Advanced Excel & MS Office)
  • Ability to prioritize tasks
  • Time management skills
  • Good functional knowledge about Finance & Accounting
  • Potential to take over treasury responsibilities in the future.

Experience:

  • 10+ years of experience in Credit Risk & Risk Management (ERM) role and a minimum of 2 years in a managerial position.

Business Understanding:

  • Knowledge about accounting principles.
  • Knowledge about the operation of a manufacturing unit.
#J-18808-Ljbffr

  • Muscat, Muscat, Oman beBee Careers Full time

    Job DescriptionCredit and Collections RoleThe role of Credit and Collections is a critical function within our organization. As a professional in this position, you will be responsible for managing credit and collections processes efficiently. This includes organizing and segregating invoices, managing credit account processes, handling post-dated cheques,...


  • Muscat, Muscat, Oman Mashreq Full time

    Job Purpose:Manage the overall Risk Management function of the bank addressing Credit, Market, Operational, Legal & Reputational risks and all other material risks. Devise and implement a risk management structure, compliant with central bank regulations, Mashreq requirements and international best practices. Focal point of coordination for ESG related...


  • Muscat, Muscat, Oman beBee Careers Full time

    About the Role:This position will work closely with clients to optimize performance drivers and revenues at the portfolio level.Main Tasks:Managing portfolio growth and customer engagement throughout the lifecycle of a card customer.Ensuring balanced growth addressing Credit, Operations, Compliance, and Service Delivery risks.The design and development of...


  • Muscat, Muscat, Oman beBee Careers Full time

    Job OverviewCredit and Collections PositionThis role involves managing credit and collections functions to ensure efficient operations. Key tasks include organizing invoices, managing credit accounts, handling post-dated cheques, and maintaining customer relationships.The primary responsibilities of this position are:Invoice Organization:  Arrange invoices...

  • Risk Manager

    1 week ago


    Muscat, Muscat, Oman beBee Careers Full time

    We are looking for a skilled Risk Manager to join our team and help us mitigate potential risks in our operations. This role involves conducting thorough risk assessments and developing strategies to minimize threats.The successful candidate will have a strong understanding of risk management principles and practices, with experience in identifying and...


  • Muscat, Muscat, Oman Liva Insurance Oman Full time

    This role is about effectively managing Insurance and Reinsurance Premiums receivable (including Receivables from Third Party Insurance Companies where applicable) through embedding the Insurance operations Credit Risk policy, delivering healthy cash flow for the operational needs of the business through timely collection of receivables, managing overdue...


  • Muscat, Muscat, Oman beBee Careers Full time

    Ethics & Compliance Third Party Risk ManagementJob Summary:The role of a Third Party Risk Management Lead is to oversee and manage the organization's third-party risk management program. This involves evaluating and mitigating risks associated with any third-party engagements, including suppliers, vendors, contractors, government bodies, entities, and other...


  • Muscat, Muscat, Oman beBee Careers Full time

    Role StatementThe Head of Operational and Fraud Risk Management is responsible for leading and managing the operational and fraud risk management unit. The role maintains a comprehensive risk management framework, minimizing operational risks through proactive measures and advanced detection tools.Key ObjectivesImplement and monitor the Operational Risk...


  • Muscat, Muscat, Oman beBee Careers Full time

    Job Description:We are seeking a skilled Risk Management Specialist to join our team. In this role, you will conduct risk assessments to identify risk characteristics, evaluate conditions, and assess safety measures implemented by clients.You will investigate significant failures to determine the responsibility of different parties involved and collaborate...


  • Muscat, Muscat, Oman beBee Careers Full time

    Cybersecurity Risk Management is a critical function that requires expertise in managing and mitigating security threats. As a Risk Management Professional, you will play a key role in ensuring the organization's assets and data are protected from cyber-attacks.Responsibilities:Key responsibilities include:Performing supply chain security and contractor...