HOUAR - Senior Credit Manager

HOUAR - Senior Credit Manager

Position Summary

This position is responsible for evaluating the credit-worthiness for customers of business departments or subsidiaries.  Incumbent is assigned to several departments and/or Group Companies, to analyze each customers' financial standing and ability to pay.  Prepares Assessment Reports for customers.  The objective is to minimize bad debt losses, yet not overly restrict the business department's activity.  Provides advice and recommendations on how to handle high risk or unusual business arrangements.  Manages the collection of overdue receivables. Works under general supervision and reports to Department General Manager.

Principal Duties and Responsibilities

• Prepares credit Assessment Report for each customer of assigned business departments of Mitsui or subsidiaries.  Requires researching their financial and credit history, and reviewing up to three years of financial history including their sales, profit and net worth.  Advises the associated business department of the credit risks so as to avoid potential losses.  Must balance the risk with the business opportunity, so as not to unreasonably restrict the activity.  Provides specific advice and recommendations on how to handle high risk, unusual or complicated arrangements.  May assist the Credit Managers with evaluating complicated situations for their business departments.  May negotiate contract terms and/or security measures directly with customers or jointly with the business department.

• Monitors and reports on the over credit Accounts and overdue Accounts Receivables, the bankruptcy status of companies, etc.  Assists business departments and subsidiaries in the collection of past due payments.  Determines appropriate course of action, then schedules repayment plans, and ensures that the terms are met.

• Reviews in detail the security instruments used, the corporate guarantees, Uniform Commercial Code filings, Letters of Credit etc. to ensure the protection of the company.  Requires extensive knowledge of these financial procedures to effectively review them.

• Maintains contact with other trade supplier companies, banks and credit associations, to keep informed on trends and potential risks in the industry and credit field.  Keeps up to date on the global economic situation and the effect it could have on Mitsui business.  Maintains thorough knowledge of the country risks, currency risks, etc.  Advises senior management accordingly.

• Advises business department General Managers and department staff on both company specific and general matters.  May require in-depth research, analysis and preparation of written reports incorporating action recommendations.

• May be responsible for conducting training classes for business department staff on the Mitsui USA credit regulations.  Prepares the training modules and the reference documents distributed at these meetings.

• Participates in projects as assigned by manager.

Required Knowledge, Skills, Training and Experience

Minimum of eight (8) years experience or a combination of training and experience which indicates the ability to do the job.  Requires extensive knowledge of risk management, preparation of company financial analyses, federal and state regulations with regard to Credit, as well as generally accepted global procedures. Thorough knowledge of preparation of country risk analyses, hedging procedures etc.  Requires general knowledge of the Mitsui systems for Accounting, Finance, Tax and Corporate Planning. Good communication skills necessary, both oral and written.  Should possess the ability to adapt to a cross-cultural environment. Must have excellent computer skills in Excel, Word, and PowerPoint.  Familiarity with SAP is a plus.