Rakan Karim
Riyadh,Saudi Arabia
Summary
-Strong Knowledge in Credit Finance & Banking.
-Full professional Proficiency in Computer Skills Including Microsoft.
-Enthusiastic,Energetic,the excitement & challenges of working in Group.
-Native Arabic speaker ,Fluent In English (Reading & Writing ,speaking)
Overview
12
12
years of professional experience
1
1
Certification
Work history
Director of credit control & Collection
SPL
Riyadh, Riyadh Region
08.2024 - Current
- Minimize risk by proactively advising management of active payment issues.
- Ensured compliance with financial regulations and standards at all times.
- Created an efficient reporting system, improving transparency and accountability in credit control operations.
- Devised credit and repayment plans for secure finance management.
- Developed strategies to improve debt collection.
- Implemented automated processes, optimising workflow efficiency.
- Advised senior management on credit policy matters and risk management.
- Analysed financial statements to identify client viability and risk.
- Evaluated client credit check outcomes to provide complete financial advice.
- Identified potential risk areas for improvement in credit strategy.
- Provided creative solutions and explored new credit options in alignment with overall business strategy.
- Provided valuable input into credit policy reviews, leading to significant improvements.
- Executed numerous successful debt restructuring deals contributing to improved cash flow management,.
- Developed comprehensive strategies for debt recovery success.
National credit control manager
Mitsubishi electric Company
Riyadh
07.2023 - 08.2024
- Performed credit reviews on corporations to assess financial conditions.
- Focus to reduce DSO as well as to set up a plan to control the provision that effecting company profitability
- Analysed customer data such as financial statements to determine level of risk involved for extending credit.
- Conducted presentations to upper management and executive teams
- Minimized accounts receivable collections and reconciled customer billings and statements.
- Made decisions and recommendations about extending lines of credit to meet requirements.
- Developed understanding of financial statements through SAMA and bayan, aiding improved future risk assessment.
- Regularly reviewed customer files to ensure sound condition of receivables.
- Conducted financial review of customer credit, assessing company financials and initiating credit application reviews.
- Assessed credit risk and analysed financial statements against stipulations to improve.
- Progressed legal action for overdue accounts.
- Issued official approval and rejection notices within allowable limits and in line with institutional risk profiles.
- Maintained impeccable records of payments and documentation of transactions.
- Analysed financial statements to identify client viability and risk.
- Wrote professional correspondence outlining ageing account information.
- Informed customers of potential legal action and required remediation to avoid escalation.
- Completed documentation for lines of credit and loans on behalf of customers.
- Reviewed and submitted applications to management with recommendations.
- Evaluated client credit check outcomes to provide complete financial advice.
- Interviewed customers to assess current and projected financial positions.
- Built positive relationships with lenders to achieve optimal client target
- Managed 5000+ customer accounts B2B ,B2C,Government and semi-Gov.
- Contacted customers about overdue payments by phone, letter and email.
- Conducted credit checks and monitored credit alerts.
- Minimized risk by proactively advising management of active payment issues.
- Monitored outstanding balances and followed up payments.
- Developed guidelines and procedures to achieve timely payments from customers.
- Reconciled complicated accounts provided by accounting
- Performed reconciliation and preparation of bank accounts on weekly basis to identify and clear transactions
- Verified items billed against items received, following up with vendors to reconcile variances.
Credit & Collection Section head
Saudi Pharmaceutical Industries & Medical Appliances Corporation SPIMACO
Riyadh
06.2022 - 06.2023
Credit Controller Asst. Manager
TotalEnergies
Jeddah, Saudi Arabia
02.2020 - 06.2022
- Acting Credit Controller Manager
- Formulation of the company's credit policy to mitigate unnecessary risk
- Reviewing credit applications and credit references to set credit limits and ensure credit worthiness
- Preparing journal entries, credit notes and assisting with month end
- Review and report on Aged Debtors
- Regularly meet and negotiate terms with third party debt collection agencies
- Manage write-offs, bad debt provisions and setting up of payment plans
- Preparation of statement of claims for liquidators
- Regularly reviewing the process and procedures to reduce debtor days
- Reconciliation accounts
- Monitor processing of invoices
- Ensure timely collection of payments
- Conduct credit checks
- Negotiate with clients in non-payment cases
- Prepare monthly, quarterly, annual forecasting reports
- Organize records of invoices, bills .
- Ensure all team members follow AR Principle Rules.
Key Account Credit Controller
Zahid Group
Jeddah, Saudi Arabia
08.2017 - 01.2020
- Creating procedures and policies that ensure timely payments while maintaining a high level of customer retention
- Reconciling complex accounts that have been escalated from the AR team
- Monitoring debtor balances to ensure a reduction in debtors DSO
- Ensuring credit and collection policies and procedures are followed within the team
- Liaising with customers, as well as internal personnel including the sales team
Credit Analyst ( corp. dep)
Saudi Arabia Investment Bank
Jeddah, Saudi Arabia
03.2014 - 07.2017
- Conducted thorough industry research to support credit analysis findings.
- Recommended credit extensions after rigorous risk assessment and analysis.
- Streamlined processes by adopting latest financial analysis tools and software.
- Collaborated with relationship managers for comprehensive client reviews.
- Reviewed credit applications, making sound decisions on approvals or rejections.
- Developed insightful credit reports to guide senior management decisions
- process day to day operations .
Education
Bachelor of Business Administration - Finance Management
University of Business & Technology
Jeddah, Mecca Region02.2014
Skills
- good judgement and decision making ability
- leadership and teamwork skills
- good organization and time-management skills
- accuracy and attention to details
- Analytical
- Follow ups
- Experience in SAP
- Experience in Oracle
- Credit risk assessments
- Credit underwriting
- Credit scoring knowledge
Certification
-DC Gardner (Banking Trainee)
-Attend & Pass Corporate banking Credit Program
-Attend & Pass IOF Retail Banking Program.
-ERP Program knowledge.
-SAP Knowledge.
Timeline
Director of credit control & Collection
SPL
08.2024 - Current
National credit control manager
Mitsubishi electric Company
07.2023 - 08.2024
Credit & Collection Section head
Saudi Pharmaceutical Industries & Medical Appliances Corporation SPIMACO
06.2022 - 06.2023
Credit Controller Asst. Manager
TotalEnergies
02.2020 - 06.2022
Key Account Credit Controller
Zahid Group
08.2017 - 01.2020
Credit Analyst ( corp. dep)
Saudi Arabia Investment Bank
03.2014 - 07.2017
Bachelor of Business Administration - Finance Management
University of Business & Technology