About the company
Raya Financing Company is specialized in Auto financing and it's licensed by Saudi Central Bank (SAMA). The main headquarter is in Dammam and Raya's Financing services is available all over the Kingdom of Saudi Arabia. Raya Financing Company is the first financing company that have provided all their online services through application and website.
ِAbout the role
The Business Development Specialist is responsible for identifying, evaluating, and securing new business opportunities that contribute to Raya Financing's strategic growth objectives. The role develops long-term partnerships with vehicle dealerships, corporate customers, brokers, and referral channels, prepares commercial proposals, negotiates partnership agreements, and supports sustainable financing portfolio growth while ensuring compliance with SAMA regulations, internal policies, and the Company's risk appetite.
Responsibilities
- Identify and develop new business opportunities through corporate clients, vehicle dealerships, brokers, and strategic partners.
- Build and maintain long-term relationships to maximize business growth and customer retention.
- Achieve assigned business development and portfolio growth targets.
- Conduct market research and competitor analysis to identify new opportunities and recommend business initiatives.
- Prepare business proposals, commercial presentations, and partnership agreements.
- Coordinate with internal departments to ensure smooth execution of financing opportunities.
- Negotiate partnership terms while maintaining compliance with Company policies and regulatory requirements.
- Maintain accurate pipeline and customer relationship records using CRM systems.
Qualifications
- Bachelor's degree in Business Administration, Finance, Marketing, Economics, or a related field.
- 3 years at least of experience in Business Development, Corporate Sales, Banking, Leasing, or Financial Services.
- Strong understanding of financing products and lending practices.
- Knowledge of SAMA regulations and the financing industry.
- Excellent negotiation, presentation, communication, and stakeholder management skills.
- Strong analytical and commercial mindset.
- Proficiency in Microsoft Office and CRM systems.
- Fluency in both Arabic and English.
