Credit Analyst recruitment

POSITION SUMMARY

This position is responsible for assisting the Credit Manager in managing the credit risk of FIRM’s precious metals businesses, including derivatives. Incumbent shall possess good communication and analytical skills and the ability to effectively work with the Credit Manager and marketing staff. Incumbent has to understand the fundamentals of structuring credits to minimize risks, have good research skills, and posses the ability to prepare a detailed Assessment Report.   Works under supervision of and reports to the Credit Manager.

PRINCIPAL DUTIES AND RESPONSIBILITIES

• Prepares Assessment Report. Researches a customer’s financial and credit history, reviewing up to three years of financial statements. Advises the marketing department and communicates closely with the Credit Manager. Negotiate contract terms and/or security measures directly with customers or jointly with the marketing department.

• Work closely with the legal department on contracts and advise legal of credit conditions to be incorporated in such contracts.

• Working knowledge of the Uniform Commercial Code and how to perfect security interests to minimize risk. 

• Knowledge of letters of credit and how to use them as a tool to mitigate risk.

• Keeps up-to-date on the global economic situation and the effect it could have on FIRM business. Maintains on-going knowledge of the country risks, commodity price risks and currency risks that might affect business. Advises senior management accordingly.

• Participates in a monthly credit committee meeting with senior management for discussion of problematic accounts, credits of concern, new business opportunities, and general issues. Advises senior management on both company specific and general matters. Requires research, analysis and preparation of written reports.

DESIRABLE KNOWLEDGE, SKILLS, TRAINING AND EXPERIENCE

Minimum of three to five years of experience in the field of Credit. Bachelors Degree in Finance or Accounting is preferred.  Knowledge of commodity credit is preferred, but not absolutely necessary. Requires thorough knowledge of credit risk management, financial statement analysis and ability to analyze cash flow and project into the future. Must be familiar with country risk analysis, hedging procedures, and international credit management practices. Excellent communication skills necessary, both oral and written. Must have good computer skills in Excel, Word, and PowerPoint.