Credit Manager

Credit Manager

• The Credit manager is responsible for the Credit team.
• The Credit team is responsible for the management of all aspects of the credit risk mitigation effort including researching and analyzing new and existing counterparties to determine appropriate levels of exposure, negotiating and structuring of contracts and credit support arrangements, and monitoring and reporting of credit exposures and events. 

Main Responsibilities

• Interface extensively with front office personnel to gather information needed for credit due diligence on transactions and/or new counterparties.
• Ensure that all documentation required for trading, including master agreements and guarantees, are in place, active and appropriate for transactions being contemplated by front office.
• Provide oversight on work efforts of junior team members and/or contractors, providing guidance where needed to ensure quality of various credit processes.
• Perform financial statement analysis in order to assess the creditworthiness of trading counterparties and make recommendations as to appropriate credit limits and tenor restrictions.
• Analyze disclosures within the financial statements of counterparties to identify potential risks associated with counterparties’ liquidity, regulatory environment, debt maturity schedule, operations, etc. and make recommendations as to appropriate risk mitigants.
• Monitor counterparty exposures and provide updates to senior management.
• Perform financial analysis and credit modeling; prepare credit proposals and present results to management, including Local Credit Committees, as part of credit approval process.
• Actively involved in the negotiation of credit terms in master trading and retail agreements.
• Actively involved in the negotiation of credit terms in structured transactions including but not limited to lock-box arrangements, lien-based structures, depository control agreements and other commodity financing structures.
• Monitoring, investigation and reporting of limit breaches.
• Provide timely response to internal and external credit risk queries.

Experience Requirements

Technical Requirements:

• High attention to detail.
• Understanding of front office processes and ability to balance necessities of credit risk management with commercial requirements.
• Ability and desire to assume ownership of a variety of credit risk management duties, including counterparty reviews, credit/counterparty data maintenance, guaranty issuance and monitoring, etc.
• Working knowledge of financial and energy markets; ISO markets and retail gas and oil markets are preferred.
• University graduate in an analytical field (e.g. – accounting, finance, mathematics, engineering, etc.)
• Strong familiarity with financial statements (including ability to analyze capital structure, profitability and cash flow) as well as important disclosures associated with such statements.
• Good understanding of business processes and data management.
• Excellent written and verbal communication skills.
• Highly motivated and enthusiastic and able to respond to changes in priorities.
• Confident and articulate team player.

Leadership Requirements:

• Highly confident, articulate individual who is a team player and can work well with other desks.
• Ability to prioritize tasks and to respond to changes in priorities.
• Ability to explain complex ideas in a cohesive and clear manner.
• Highly motivated, self-sufficient and enthusiastic individual who has strong desire to grow within Company.
• Good understanding of business processes and data management.