Company Description

Amar Finance and Leasing Company ("Amar") is a Shari'a compliant real estate finance company based in Kuwait City. Established in 2004, the company engages in commercial real estate Islamic financing, proprietary investments, and corporate finance. Amar focuses on providing differentiated services and products in the market, with a focus on structured real estate transactions and Islamic capital markets.

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 favourable 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.


Qualifications:

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 7-10 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).