Director, Credit Risk and Contract Administration

Summary of the Role

Lead the administration and lifecycle management of LNG-related commercial agreements, including gas supply agreements, LNG sale and purchase agreements (SPAs), and transportation and related midstream agreements.

Key Responsibilities

• Contract Administration & Lifecycle Management
  • Lead the administration and lifecycle management of LNG-related commercial agreements, including: gas supply agreements, LNG sale and purchase agreements (SPAs), and transportation and related midstream agreements.
  • Ensure accurate interpretation and execution of contract terms, including pricing, volume, scheduling, invoicing, and settlement provisions.
  • Develop and maintain contract summaries, obligation tracking tools, and reporting for internal stakeholders.
  • Monitor contract performance and ensure compliance with contractual obligations.
• Commercial & Contractual Risk Management
  • Evaluate credit and operational risks embedded in LNG and gas contracts, including: take-or-pay and deliver-or-pay structures, pricing mechanisms and indexation, and volume flexibility and optionality.
  • Support contract negotiations by providing credit and operational risk input and ensuring appropriate credit protections (e.g., collateral, guarantees, termination rights).
  • Proactively identify and mitigate contractual and counterparty risks.
• Credit Risk Management
  • Lead credit risk assessment and approval of feedgas suppliers and LNG offtakers, including utilities, traders, and sovereign-backed entities.
  • Establish and maintain counterparty credit limits, internal ratings, and credit terms in line with the firm's risk appetite.
  • Monitor and manage credit exposures across gas supply agreements, LNG SPAs, and related commercial transactions.
  • Oversee calculation and reporting of current and potential future exposures, including mark-to-market and settlement risk.
  • Identify and manage concentration risks across counterparties, geographies, and sectors.
• Margining, Collateral & Treasury Coordination
  • Oversee and monitor collateral requirements, including margin calls, letters of credit, guarantees, and other credit support mechanisms.
  • Track contractual triggers for credit support and collateral posting obligations.
  • Partner closely with Treasury to: ensure timely funding of margin calls and collateral postings, forecast potential liquidity requirements under normal and stress scenarios, optimize collateral usage and minimize funding costs, and provide transparency into credit-driven liquidity impacts to senior management.
• Invoicing, Settlement & Dispute Resolution
  • Oversee invoice validation, settlement processes, and dispute resolution in coordination with Accounting and counterparties.
  • Ensure alignment between contract terms and financial settlements.
  • Resolve discrepancies related to pricing, volumes, and contract performance.
• Leadership & Team Development
  • Lead and develop a team responsible for credit risk and contract administration activities.
  • Establish best practices in contract execution, credit analysis, and risk monitoring.
  • Promote a culture of accountability, transparency, and disciplined risk management.

Requirements

Minimum Requirements:

• Bachelor's degree in Finance, Business, Economics, Energy Management, or related field.
• 10-15+ years of experience in credit risk, contract administration, or commercial operations within LNG, natural gas, or energy markets.
• Strong understanding of LNG SPAs, gas supply agreements, and commodity trading structures.
• Proven experience managing counterparty credit risk and collateral/margining processes.
• Experience working with Treasury or managing liquidity impacts from margining.
• Ability to interpret complex contracts and translate them into operational processes.
• Strong analytical, organizational, and problem-solving skills.

Preferred Requirements:

• Experience with LNG, natural gas trading, or power markets.
• Familiarity with contract management systems and/or ETRM platforms (e.g., Endur).
• Prior experience supporting large-scale infrastructure or energy projects.
• Knowledge of ISDA/EFET frameworks and structured commodity transactions.
• Advanced degree or professional certifications (CFA, FRM, etc.).

Work Environment

• This position operates in a professional office environment with occasional work within or outside of a complex construction environment.
• This role routinely uses standard office equipment such as computers, phones, photocopiers/fax, filing cabinets, etc.
• This is primarily a sedentary role; however, the incumbent must be able to stand and/or sit continuously to perform all essential job functions for a full shift.
• Ability to lift up to 20 lbs. as required in order to lift files, boxes and office equipment as necessary.
• Ability to lift files, open filing cabinets and bending, standing on a stool, or climbing as necessary to perform these functions.
• While performing the duties of this role, the incumbent may be required to talk or hear.
• The incumbent is required to stand, walk, use hands to handle or feel; and reach with hands and arms.
• Ability to move throughout all areas of each office/site location and facilities.
• Able to wear all necessary PPE equipment to perform job functions.