Senior Credit Specialist

PBF Energy•Parsippany, NJ

1d•Onsite

About The Position

PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating through its subsidiaries, oil refineries and related facilities. The company is seeking a talented Senior Credit Specialist to join its team as a pivotal member, playing a key role at PBF Energy. This role would be located onsite at the Company headquarters in Parsippany, NJ. The Sr. Credit Specialist is responsible for carrying out the credit and collection policies and procedures intended to mitigate credit risk while maximizing cash flow. PBF Energy is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. Our subsidiaries own and operate refineries located in California, Delaware, Louisiana, New Jersey, and Ohio. PBF Energy is an equal opportunity employer committed to creating a diverse, inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, sex, gender, gender identity or expression, sexual orientation, reproductive health decision making, national origin, ancestry, genetic information, physical or mental disability, medical condition, marital status, age, veteran and military status, or any other status protected by applicable law. We are committed to providing reasonable accommodations as required by law.

Requirements

Bachelor’s degree in finance or related field
3+ years’ experience in commercial credit.
Strong proficiency in analyzing corporate financial statements and interpreting credit reports such as D&B or 3rd party rating agencies.
Excellent communication (oral and written) and interpersonal skills with tenacious and results oriented attitude and keen attention to detail.
Proficient in Excel and other Microsoft applications including Outlook, Word and PowerPoint.

Nice To Haves

Knowledge of petroleum industry
Knowledge of SAP, SRA / Right Angle, and CubeLogic

Responsibilities

Obtain and analyze credit reports and financial statements for new and existing customers to evaluate credit worthiness and mitigate financial risk.
Negotiate and maintain credit mitigants, such as parent company guarantees, standby letters of credit and/or other forms of acceptable collateral, ensuring all documentation is accurate, compliant, and renewed timely.
Coordinate with traders and schedulers to approve product movements in real-time based on current credit capacity and strict adherence to internal policies.
Monitor assigned Accounts Receivable portfolio to identify overdue balances and communicate with customers as necessary to collect payments.
Collaborate with internal departments, including Commercial, Customer Care, Billing and A/R to resolve invoice disputes timely.
Assist in preparing periodic reports for use internally in credit evaluations and strategic planning.
Participate in a continuous improvement culture by identifying areas of enhancement in existing processes that will improve productivity and effectiveness of the credit department.
Special projects and other duties assigned.