Credit Operations Coordinator

Credit Operations Coordinator•Houston, TX

3d•Onsite

About The Position

The Credit Operations Coordinator role supports the MEMS Credit Team by obtaining financial information for the assessment of creditworthiness of counterparties across multiple traded commodities. This role collaborates closely with internal and external support teams toward minimizing financial losses for the organization. Keen attention to detail and exceptional organizational skills are required to be successful in this role.

Requirements

Proven ability to manage competing priorities and meet deadlines in a high-volume, fast paced environment.
Able to work independently or with little or no supervision.
Ability to interact with people at varying levels of corporate structure and external business associates
Effectively adapt to a cross-cultural environment.
Possess refined interpersonal verbal and written communication skills
Proficiency in all Microsoft Office skills.
Fluent verbal and written skills in English.
Bachelors degree in Business, Finance or related field OR comparable experience required.

Nice To Haves

Knowledge and/or experience working in Middle/Back office for an energy trading company is preferred.
Ability to demonstrate high proficiency with appropriate training with third party software
1-3 years in a trading or related environment in a support position preferred.

Responsibilities

Gather financial statements, credit rating information and other credit related data from internal and external sources to establish credit lines for MEMS counterparties within Natural Gas, Crude Oil, Wholesale/Retail Power, and New Energy sectors.
Manage outgoing and incoming forms of collateral including letters of credit and parental guarantees.
Work closely with MEMS Compliance and/or Mitsui USA Legal team to negotiate guaranty language, non-disclosure agreements, and other agreements.
Respond to KYC requests as required.
On a quarterly basis, update internal ratings to assist in the credit reserve calculation.
Assist in bi-annual confirmation of outstanding position per internal audit requirements.
Assist in logging contracts and internal audit files.
Collaborate with CSO division for document management.
Completes special assignments and other assignments as requested.
Identify and communicate key risks or failures.
Recommend ways to control or reduce risk.