Credit Operations Coordinator

Department/Division: Middle-Office / Risk Management

Location: Houston, TX

Reports Directly To: Manager - Credit/Confirmations

FLSA Status: Non-Exempt

SUMMARY:

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.

ESSENTIAL FUNCTIONS & 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.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 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.
• 1-3 years in a trading or related environment in a support position preferred.
• 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.

EDUCATION & EXPERIENCE:

• Bachelor’s degree in Business, Finance or related field OR comparable experience required.

LANGUAGE SKILLS:

• Fluent verbal and written skills in English.

WORK ENVIRONMENT & PHYSICAL DEMANDS:

This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:

• Prolonged periods of sitting and may need to routinely move around to communicate with different groups
• Must be able to lift up to 15 pounds at times.
• Must have a valid DL.

Benefits & Perks

• Medical, Dental, Vision benefits
• 401K and Company Match
• Tuition Reimbursement
• Generous PTO Policy
• Breakroom Snacks / Beverages

Position Competencies

1. Job Knowledge
2. Quality
3. Attention to detail
4. Analytical Skills
5. Initiative
6. Problem Solving
7. Productivity

Disclaimer:

This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.

MEMS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.