Credit Analyst (Finance)
CITGO PETROLEUM CORPORATION
CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA.; Lemont, IL.; and Corpus Christi, TX, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.
At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care.
Job Summary
Assist Manager, Credit Operations, and other managers within Treasury as needed, Sr. Credit Managers and/or Credit Managers with varied, complex and detailed financial evaluations of domestic and international companies that are, or have the potential of becoming, counterparties associated with all CITGO business units. Assist in determining appropriate credit or financial risk for the company. Assist in maintaining receivable(s) resulting from those commitments within approved lines of credit and terms of sale. Assist in making recommendations, after evaluation of outside data, for new or existing vendor relationship(s) and assist in collections efforts for certain portfolios which include reconciliation efforts and working with other groups within the company. Also, conduct Ad Hoc analysis and other special projects upon request. The percentage of time allocated to Analysis and Special Projects will increase with the new Credit Management System.
Minimum Qualifications
- Bachelors Degree
- 0 years of experience
- Requires a basic to moderate level of financial skills to perform data and trend analysis, basic to moderate level of knowledge of corporate credit processes, skills to investigate, analyze & evaluate key credit data, good communication & interpersonal skills to recommend changes where needed. Minimal supervision.
- Knowledge of Microsoft Suite (i.e., Word, Excel, and PowerPoint).
- Familiarity with SAP a plus.
Job Duties
1. Analysis. Identify and analyze key data from customer's financial statements and enter them in the newly onboarded Credit Management System. Review them for accuracy, may vary from simple to moderate analysis, and make recommendations to trade floor credit managers. Develop and analyze database pertaining to the credit function to predict pattern and trends. Develop reports to present the result of the analysis as requested by the Sr. Credit Manager and/or the Manager, Credit Operations. Utilize process analysis tools to evaluate and identify root cause. Recommend changes/improvement for the credit processes.
2. Collection. Confirm all selected invoices daily with customers and trading partners. Report findings to Senior Credit Manager and escalate issues to the appropriate business unit as they arise Perform the process to follow up on past dues resulting from non-payment of invoices and charges on certain accounts.
3. Projects. Prepare reports analyzing/evaluating CITGO's credit portfolio. Utilize charts and statistical tools to analyze variances and identify opportunities for process/reporting improvement. Provide ongoing support, detailed analysis and development of enhanced processes and procedures for ETRM and the Credit Management System.
4. Payment Confirmation. Will confirm large invoices taken from the daily Cash forecast report from Treasury.
5. Misc. Perform special projects including but not limited to developing slides for various presentations and performing analysis on other Treasury related items as requested by the Sr. Credit Manager, Manager, Credit Operations, Assistant Treasurer and/or the Corporate Treasurer.
6. Reports. Assist in the design, research and completion of ad-hoc credit reports, examples potentially including cost of debt in current environment and benchmarking CITGO with independent US refiners.
Job Duties II
Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.
Job duties displayed above are not all-inclusive, site-specific responsibilities may be assigned.
Here are the incentives we offer:
• Remote Work options available for eligible positions
• Options are department and/or location specific
• 9/80 Work Schedule Option (where applicable)
• Annual Vacation Incentive (40-120 hours of additional pay) for Eligible Employees
• Paid Vacation Time
• Company-Paid Holidays
• Caregiver Leave
• Excellent 401(k) Match
• Pension Plan
• Company-Paid Sick Leave and Long-Term Disability
• Medical, Dental, & Vision Plans; FSA and HSA options
• Company-Paid Life Insurance for Active Employees
• Healthy Rewards Program
• Service Awards Program
• Educational Assistance Plan
• Dependent Children Scholarships
• Reimbursement for Gym Membership
• Employee Discount Programs
• On-site Health Clinic (select locations)
• On-site Cafeteria (select locations)
• On-site Credit Union and ATM (Corporate office only)
• On-site Fitness Center (select locations)
PLEASE NOTE ALL JOBS DO NOT QUALIFY FOR ALL PERKS
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.
Requisition ID - 1154
