Handles a portfolio of customer accounts with key activities as follows:
Monitors and reviews credit limits of new and existing counterparties; involving in-depth analysis of counterparty’s financial standing, industry review, business outlook, risks and opportunities;
Prepares credit assessment and administer the approval process for credit limits and terms;
Applies credit risk mitigation strategy including obtaining acceptable forms of securities from counterparty;
Updates and maintain the credit limits and data in system;
Provides advisory function on documentary credit, bank guarantees and standby letter of credit;
Provides advisory function on credit issues in the contract and credit structures such as collateral and mitigation strategy and trade finance tools;
Monitors credit key performance indicators (KPIs) such as Payment Performance; Collection Efficiency Index (CEI); Days Sales Outstanding (DSO), etc;
Reviews, assesses and administers approval process for orders blocked due to credit violations;
Contributes towards developing and implementing credit risk management processes;
Active participation on improving credit risk management policies to meet industry best practices;
Actively implement & comply with the Credit Policy; Ensure the trading and marketing business activities of S&T and Downstream business is conducted according to the Credit Policy
Identifies, measures and control credit risk mitigation activities in S&T and Downstream business;
Active participation in the development of information systems to accurately capture credit exposures;
Prepares credit management reports; and
Maintains and develops relationships with relevant stakeholders
Collateral Management:
Knowledge and appreciation of ICC UCP600 & ICC ISP98
Handles Letter of Credits i.e. Documentary Letter of Credit (DLC) & Stand by Letter of Credit (SBLC) review & negotiation with S&T counterparties
Coordinates with Banks, S&T Operations, Traders and Legal team for issuance of acceptable LC formats from Chevron bank list
Provides timely clearance and issuance of Credit Security Notification (CSN) for trading deals fully secured by LCs
Identified as Letters of Credit (LC) – SME, and provides support and guidance as necessary, on review of DLC & SBLC terms & conditions
Provides support in management of fully secured deals in Brady Credit Risk (BCR)
Reviews and processes all LC related bank charges and confirmation fees
Collateral Drawings:
Closely monitor due dates of all active trading deals fully secured by acceptable LCs.
Prepares all necessary documents to facilitate timely & full collection of all deals covered by letter of credit
Job Skills/Competencies Required
Bachelor's Degree major in Accountancy, Management Accounting, Accounting Technology and related courses.
Proficient in MS Office and SAP system
Fluency in English
Good analytical skills (quantitative and qualitative analysis) and strong accounting background highly preferred
Ability to work systematically, prioritize tasks and adhere to deadlines
Ability to balance risks and business requirements
Ability to adapt to varying work situations and is flexible in the approach to resolving challenges
Works with minimal supervision and shows Initiative
Ability to communicate at all levels of management
Experience in data reporting, business intelligence, or corporate data analysis.
