Fuels Risk Specialist I

About the role

The Fuels Credit Risk Specialist performs credit risk analysis, proposes credit limits, monitors and controls security, interfaces with customers and business units, balances risk and return, monitors credit limits, and supports team actions to meet both Credit and business unit goals.

Responsibilities

• Analyze & interpret numerical data and perform financial analysis using a credit scoring model to evaluate the financial wherewithal of prospective and existing customers for the purpose of granting a credit limit.
• Determine if collateral is necessary to reduce credit risk, then work to obtain guarantees and/or letters of credit as appropriate to mitigate risk.
• Maintain approved credit limits are setup accurately in credit database and confirm that limits are correctly interfacing to commercial systems.
• Prepare weekly cash forecast of receivables from counterparties.
• Reconcile and enter cash receipts received daily.
• Monitor exposures and overdue balances and communicate with customers as necessary to collect payments while identifying problems that are impeding timely payments and work collaboratively with the customers and internal personnel to resolve those issues.
• Prepare daily exposure report for the traders on active bulk counterparties and other periodic reports used internally to determine credit strategies.
• Aid in maintaining customer and retail credit and product authorizations; consignee setups in TABS and at terminals; and identify and resolve loading issues at the terminal rack.
• Process monthly Escrow interest payment and statements.
• Prepare monthly reports for management.
• Assist with departmental SOX testing for internal audits as well as for KPMG.

Qualifications

• Broad knowledge of accounting, fuels, marketing, business administration, finance, etc.
• Bachelor’s degree in business.
• Experience in credit analysis in the oil and gas industry a plus.