Credit Analyst
1 week ago
Exp in LC
- Exp Credit
- Exp from Trading industry
RESPONSIBILITIES
- Responsible for the risk assessment of counterparties and the establishment of credit limits, the analysis of the overall credit exposure, the recommendation of terms of credit and the negotiation and management of security necessary to support higher risk exposures. Approval of credit limits, within delegated authority and obtaining the necessary approval for exposures exceeding authority, approval of risk categories, and release of blocked orders. Actively support the Traders in credit issues. Provide support to the Credit Manager as required.
- Responsible for the risk assessment of customers, negotiating and managing security arrangements, establishment of appropriate credit limits within necessary DOA and the analysis of the overall credit exposure.
- Perform detailed financial analysis of customer financial statements for development of a risk profile of each customer using analytical results to establish credit limits within designated authority level and prepare analysis write-up to obtain necessary approvals for decisions exceeding designated authority level.
- Ensure compliance with the company’s Credit policy. Responsible to perform control within timeline.
- Meet/communicate with counterparty’s credit/finance team to establish understanding of customer’s financial condition and business model as needed to complete credit analysis and to negotiate security when financial condition does not support credit exposure.
- Prepare, verify, track and publish daily credit report for all approved counterparties for physical and paper transactions. Flag credit limit exceeds and decide on an appropriate course of action, such as obtaining an LC/cash collateral/waiver to cover the exceeded credit exposure for physical/paper transactions.
- Negotiate favorable credit status and limits with counterparties for trading entities.
- Negotiate with counterparties on LC terms and conditions, including LC value, tenure and issuing bank, taking into account the contractual terms, the feasibility of document compliance by operations/backoffice and the creditworthiness of the issuing bank
- Verify that all LCs are issued and/or received in good order from counterparties in a timely manner.
- Recognize financial risk situations on Trade Receivable Accounts. Exercise manual blocking of orders on high financial risk and seriously delinquent accounts. Recommend A/R provisions for bad debt and action to reduce the Credit limit for reduce the exposure risk.
**REQUIREMENTS**:
- Bachelor’s degree required.
- Solid academic background, with recognized professional finance and/or credit qualification (CFA, ACA, CIMA, etc.)
- Minimum of two (2) years’ experience credit risk, market risk experience ideally across both a trading and marketing environment, with knowledge of financial and energy businesses
- Excellent interpersonal and communication skills
- Experience in performing call outs and other collection efforts to third party customers
- Willingness to grow and invest time in own development by (for instance) taking courses such as International Credit and Trade Finance (ICTF)
Job Code: Ky
PersolKelly Singapore Pte Ltd | EA Licence No: 01C4394
Chan Sau Wah Kenny | EA Reg No: R1106707
SGUnited
569596
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