Sr. Credit Analyst recruitment

The Senior Credit Analyst evaluates standard and structured physical and financial trades for compliance with credit limits and credit guidelines. This position requires liaising with trading floors in several locations, contract negotiators, legal, back office operations and numerous trading counterparts. The Senior Credit Analyst monitors the company’s credit exposure to its covered counterparties. The Senior Credit Analyst assists in maintaining data in the credit system of record and performs due diligence requirements

Description

Frequency

% of Time

Spreads and evaluates financial statements and reviews other market data and industry news about trading counterparts. Prepares credit reviews in accordance with the credit policies and procedures and establishes credit lines and tenors. Monitors agency credit ratings for rated counterparties.

Daily

50%

Negotiates the credit terms and credit thresholds of the Credit Support Annexes (“CSA”) to energy industry master trading documents with counterpart credit contacts. Coordinates the credit terms of the CSA with the in-house contract negotiators and legal. Requests and coordinates both incoming and outgoing guarantees. Coordinates daily credit and trade finance activities with the trade finance and operations personnel as they relate to physical long-form trade collateral requirements.

Daily

20%

Assists in the maintenance of the counterparty database in the credit system. Monitors credit exposure to customers/suppliers/countries, including mark-to-market exposure and net accounts receivable and accounts payable exposure.

Daily

10%

Assists in the preparation and reviews ad hoc exposure reports regarding specific accounts, industries and countries. Assists in maintaining customer credit files.

Daily / As Needed

5%

Assists in training junior analyst(s) and provides feedback on their credit analyses.

Daily

5%

Travels to counterparty and company offices to complete financial analysis and due diligence. Attends credit association meetings (IECA).

As needed

10%

Education

Bachelor’s degree, preferably in Accounting or Finance

MBA or CFA a plus

Experience

Five to seven years of experience with credit evaluation and financial statement analysis, preferably in the credit department of an energy commodity trading firm, commercial bank or financial institution.

Formal credit training program a plus.  Experience analyzing a variety of industries including energy companies is preferred. Three to five years of physical energy commodity experience. Familiarity with the credit terms of standard energy industry master trading documents (ISDA, NAESB, EFET, CTA, SCoTA, NBP, GTMA, CPMA CSAs thereto) along with master netting agreements.

Knowledge/Skills/Abilities/Licenses

Ability to quickly analyze financial statements to determine credit-worthiness

Ability to write in a concise and clear manner

Ability to present clearly the major credit risks and mitigants for all counterparties to senior management

Ability to establish counterparty credit limits for customers within the credit policy guidelines and recommend options for transactions that do not fit within the credit policy guidelines

Ability to work in a trading culture and communicate effectively with trading desks, senior management, contract negotiators, legal and back office personnel

Ability to perform independent research using various market sources (Bloomberg, Moody’s, Fitch and Wall Street research)

Strong knowledge of the credit risks inherent in swaps, options and other derivatives

Ability to analyze the risks inherent in the physical delivery of commodities

Thorough knowledge of the daily operations of the various functions within a credit department

Proficiency with MS Office Suite (Word, Excel - including pivot tables, PowerPoint Outlook).

Knowledge of Thomson Reuters’ news service, RMG financial spreading tool Moody’s KMV CreditEdge default tools is a plus.