2 Credit Officer jobs in Kuwait
Credit Officer
Kuwait City, Al Kuwayt
confidential
Posted 5 days ago
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Job Description
The Credit Officer will oversee and manage the operations and settlement functions related to the company’s financing and investment activities. This role involves ensuring compliance with regulatory authorities, supporting various departments, managing customer accounts, and minimizing associated risks. The ideal candidate will possess strong organizational and leadership skills, a deep understanding of financial and credit services and relevant experience in settlements, operations, and asset management. Key Responsibilities: Operational Support & Efficiency: Review and follow up on all financing and investment activities to enhance service efficiency. Manage customer accounts, ensuring accurate record-keeping and smooth operations. Provide end-to-end support for departments regarding financing/investment arrangements. Review contract details, securing favorable terms and guarantees for the company. Supervise property valuation activities, working closely with real estate experts. Compliance & Regulatory Oversight: Review and update the Operations and Settlement Management Policies and Procedures Manual every three years, ensuring compliance with regulatory authorities. Ensure adherence to the Capital Markets Authority (CMA) and anti-money laundering regulations. Verify that all required documents are received, compliant with policies, and align with regulatory requirements. Risk Management: Develop systems for support, monitoring, and settlement services for financing and investment transactions, minimizing risks such as default, transaction, and reputational risks. Ensure the creditworthiness of customers and obtain necessary approvals for transactions. Review guarantees and ensure approvals are obtained for exceptions, as per the authority matrix. Settlement & Debt Management: Approve settlement details, reschedule debts, and process bad debt settlements. Monitor client debt settlements and prepare monthly reports on collections, rescheduling, and write-offs. Prepare financial statements related to financing and investment transactions and discuss variances with the CEO regularly. Coordination & Reporting: Coordinate with the Finance and Investment Department on fund flow matters and suggest corrective actions for deviations. Supervise customer account management, transaction reconciliations, and reporting. Prepare quarterly reports comparing financing and investment portfolio performance year-on-year. Inform senior management on the performance of operations and settlements and address any issues. Risk Assessment & Training: Collaborate with the Risk Officer to assess and mitigate risks related to management and customers. Provide ongoing guidance and training to staff on operational and settlement procedures to safeguard the company’s interests. Government & External Relations: Maintain close relationships with government agencies and private institutions related to the company's business. Skills Bachelor’s degree in Finance, Accounting, Business Administration, or a related field. Professional certifications such as Islamic Finance Qualification (CISI/KCMA) and CMA Kuwait Rules and Regulations are required. Minimum of 3-5 years of relevant experience in financial and credit services, operations, and settlements. Strong understanding of assets and risk management. Proficiency in Arabic and English. Excellent leadership, planning, and organizational skills. Strong customer management, problem-solving, and analytical skills. Experience working with regulatory bodies such as the Capital Markets Authority (CMA).
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Assistant Finance Controller – Financial Services
Kuwait City, Al Kuwayt
Alert International
Posted 3 days ago
Job Viewed
Job Description
Description In this role, you will be responsible in managing Divisional Financial Controls, Strategic Planning, Reporting & Analytics, Risk Management and Stakeholder relations, ensuring Financial integrity and alignment with organizational goals. Role & Responsibilities: Ensure and assess timely preparation and review of monthly MIS, P/L, BS, KPI and other operational activities including Cash Management, CAPEX & Working Capital Management Collaborate closely with finance and operations team for financial control, cash management and other relevant operational aspects on a daily basis. Ensure timely and accurate financial reporting that is compliant with statutory regulations and is free of financial irregularities. Review of Bank guarantees, payables, fixed assets, internal audit and compliance reports and ensure budget and overheads control with coordination with operations team. Identify, Escalate and mitigate Financial Risks. Contribute to all the modernization of finance processes, controls reporting team and organization. Develop or recommend practical solutions to address financial challenges or issues. Strive to improve revenue and profits of all departments by focusing on topline growth as well as scouting for various cost saving initiatives. Prepare monthly budgets and financial statements within timelines. Ensure that all Insurance claims and related liabilities are settled in a timely and effective manner. Oversee Accounts payables and Accounts receivables by verifying all vendor payments and manage/follow-ups to ensure collections within due date. Continuously review and recommend changes to policies and procedures to exercise effective financial controls. Ensure compliance with the same by the Operating Management. Collect and analyze, review financial statements for meaningful comparison (trend analysis, variance analysis, benchmarking, KPIs, etc.) Expert working knowledge of IFRS 17 Hands on experience in submission of data/ information/ reports to Central Bank Familiar with compliances of Industry related regulatory bodies (ie., IRU & CBK) Closely work with the team to resolve any discrepancies. Review financial implications and payouts of incentive schemes and provide feedback on their feasibility and effectiveness. Maintain audit trails and implement audit report recommendations issued by internal and external auditors. Liaise with external auditors to ensure that financial results are reported on time. Perform routine activities in accordance with agreed deadlines, standards and discharge any other task assigned by superiors in a timely and effective manner. Strong interpersonal skills with the ability to foster teamwork while handling sensitive and confidential information with discretion. People Management Manage and handle grievances raised by subordinates in a prompt and effective manner and escalate as required. Monitor performance of finance personnel on financial and non-financial parameters such as cost savings achieved, internal customer responsiveness, teamwork, and technical acumen Skills Who you are You are a detail-oriented and results-driven Financial Controller with a strong background in financial reporting, budgeting, and regulatory compliance within the financial services industry. Skills & Competencies: High degree of accountability and integrity Excellent interpersonal and communication skills Strong problem-solving and decision-making capabilities Demonstrate strong knowledge in forecasting models, data analysis along with clarity in the application of IFRS & IAS standards. High degree of Accountability, Integrity & Responsibility in all tasks assigned. Education & Qualifications: Qualified Finance Professional holding CA / CPA / CMA / ACCA Minimum 15 years work experience, with at least 5-10 years in a managerial role in Finance Preferably from Financial Services/ Remittance / Insurance/ Banking industries
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