Head of Credit Administration Unit Riyadh, Saudi Arabia

Reference Number: SFBLR72

Job Description:

A leading development finance client of ours with a strong regional presence is currently seeking to hire a Head of their Credit Administration Unit to be based in Riyadh Saudi Arabia.

The main function of the successful candidate is to be responsible for conducting independent reviews of the quality of all debt and equity transactions (including investments in various funds) since the approval whilst ensuring compliance with the Bank's policies and procedures.

Responsibilities:

• The Head of Credit Administration Unit will be responsible for monitoring and reporting to the division head of credit risk and to the Director of Risk Management.
• Oversee the activities of the credit administration associate evaluating his performance and fostering his professional and personal development.
• Ensure that the unit follows the process as defined in the Bank relevant policies.
• Comply with the post-approval process (implementation and monitoring) and its automated flow ensuring that full compliance with the bank’s credit administration guidelines.
• Ensure that all approved transactions are monitored executed in accordance with the final terms and conditions set by the board’s approval and that disbursement and repayment processes are properly managed.
• Responsible for the entire portfolio monitoring process and prepare all required documents for the PMC coordinate its scheduling follow up actions/decisions of the PMC take its minutes/act as secretary.
• Maintain up-to-date records of all transactions ensuring that all necessary information is included and retain all credit approval documents for all obligors.
• Review all Facility agreements documents prepared by the Legal Department for compliance with credit approval’s terms and conditions as well as with BADEA’s credit policies.
• Review disbursement conditions for each loan facility (lending agreement collateral agreement registration of collateral other loan granting conditions stipulated in the Credit Policy and Product Programs).
• Review the valuation of equity investments in terms of their methodology and accuracy and to comment on the feasibility of the proposed hold and/or exit recommendation before it is submitted to the Investment Committee/Credit Committee.
• Safe-keep and archive lending files including legal documentation where required.
• Conduct daily monitoring of Credit policy and transactions deviations.
• Act as a coordinator for Credit Risk Matters for the proper implementation of credit activity and controls.
• Monitor the approvals of credit requests and follow up on credit approval conditions (collaterals insurance and other financial / non-financial covenants) – coordinate with the business team and legal for fulfilment.
• Anticipate and remediate potential systems issues that may create data integrity issues.
• Build and own a quality assurance process to ensure the data owned by credit admin is accurate at approval and is maintained for term of the relationships.
• Builds and maintains strong and effective relationships with cross-functional teams mainly Business team Legal operations Finance IT and compliance to ensure data quality.
• In advance notify the relevant business team on credit rating renewal and updates on a yearly basis/ insurance expiry/Collateral and seek updated documents.
• Maintain the highest standards of professional conduct ethics and integrity in the provision of services in the Credit Administration unit.
• Maintain an up-to-date transaction tracking sheet that accurately displays all effective and outstanding transactions outstanding amounts the latest credit ratings status of compliance with applicable covenants etc.
• Follow up the sign-off on the first disbursement of each approved transaction ensuring that all conditions precedent and other approval conditions and collateral perfection including all necessary signatures dates and other relevant data have been satisfied.
• Ensure the accurate implementation of the term sheet by thoroughly reviewing all loan bookings and collaterals on BADEA’s core banking system. This review should cover the applied interest rates spreads and the commissions as approved by the credit committee and Board.
• Review the valuation of investments by treasury and investment departments in terms of their methodology and accuracy and to comment on the feasibility of the proposed hold and/or exit recommendation where required.
• Assess the viability and reasonableness of the restructuring plan for restructuring proposals of performing debt transactions and the impact on risk ratings; and for extension of holding periods and revision of exit strategy of equity investments to evaluate the viability and reasonableness of the exit strategy and the impact on risk categorization valuation and return implications.
• Assist and participate in providing information that need to be included in the risk reports on quarterly basis to facilitate monitoring of portfolio credit quality and trends as well as compliance with risk limits and policies.
• Detect early warning signs of delinquency and inform Business Department for remedial action to minimize losses.
• Ensure that facilities granted to beneficiary entities /customers groups of related customers and at the total portfolio level including various types of concentration risks are within approved limits and policy of BADEA.
• Perform other duties as assigned by the Division chief of credit risk & RMD Director.

Requirements: Qualification and Skill

• Master’s degree in finance Economics or related field with at least 8 years of related experience.
• General knowledge of banking principles and/or loan markets.
• Excellent organization skills and detail oriented.
• Good interpersonal skills for team-oriented environment.
• Competence in the use of Bank standard software (Word Excel PowerPoint SAP).
• Ability to communicate effectively (written and oral) in Arabic and English. French is an added advantage.
• Hands on approach with problem solving attitude with the ability to prioritise workloads.
• Managing tight deadlines.

Contractual information:

• Permanent.
• Willing and able to relocate to Saudi Arabia for the opportunity.

If you wish to apply for the position please send your CV to Scott Fraser at

Please visit for more exciting opportunities.

Scott Fraser

Recruitment Manager Africa & Global

CA Finance

CA Global will respond to short-listed candidates only. If you have not had any response in two weeks please consider your application unsuccessful however your CV will be kept on our database for any other suitable positions.