Manager Credit Risk Management
Define and periodically review the Corporate Credit Policy through regular risk assessments in order to ensure that all credit dues are fully received within the credit period and any loss due to bad debts, interest loss, exchange loss, agency burst outs, etc are adequately controlled with a view to optimise revenue for every type of credit risk accepted by the Group.
Job Outline:
Define corporate credit policy and review it periodically to ensure that the credit related responsibilities of each business unit and manager are clearly identified through a comprehensive set of responsibility statements included in the Corporate Credit Policy Manual.
Establish a credit rating system (model) and ensure that the credit rating is correctly applied by ranking business areas in terms of credit risk and identifying those business areas where credit risk is perceived to be higher than the acceptable level.
Conceptualise reports which can provide senior management in Commercial departments an insight of the station’s risk profile at a level expected of them.
Participate in all seminars; conference like (APJC; PA-cone ; L-CAG etc.) to establish regular interaction with BSP and other airlines participants which not only help the job holder understand industry risk but also helps keep a regular and active dialogue with industry personnel whereby EK can influence such meetings to take decisions in favour of Airlines.
Establish with senior management in the commercial departments the joint appetite for the risk at the Group level this balancing the objectives of both the departments. This helps finance keeping commercial abreast of the credit risks in their areas. It also helps laying the ground rules to recommend the amount to be provided on account of bad debts.
Create; and implement the department strategy to ensure that the requirements of the business are proactively anticipated and key strategic projects are launched to ensure that the department will be ready to partner and work with the business in the years to come. This includes scanning the environment and ensuring that key trends are anticipated and that the department is at the leading edge with best practices and systems in the industry
Qualifications & Experience
• A qualified professional accountant or post graduate diploma holder with a major in Accounts and Finance.
• Minimum 10 years’ experience in credit risk management; including leading a credit risk management team in a company in the travel industry of comparable size to Emirates/dnata
• Thorough knowledge of credit risks in the travel industry.
