Credit Administrator - Banking/Trading

Posted 10 June by REED
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My client a global commodity trading company have a unique opportunity for a Credit Administrator to join their friendly team.

Salary 50-55K + bonus

Hours 9am-5pm

Location: Close to Liverpool Street train station

Purpose of the Job

Oversea the credit function for global business units. The selected candidate will work closely with corporate credit departments in Germany and the US.

Credit administration

Collection of credit applications from global offices

Checking credit limit applications for correctness, completeness and plausibility before consulting with Controlling on the general appropriateness of the credit limit.

Forwarding of applications from financial institutions to the Credit Analyst in North America

Coordination of credit limit approval for non-financial institutions

Ensuring the timeliness of credit line renewal applications through co-ordination with Front Desk and Controlling.

Monitoring the approval process and notification of result to relevant parties

Allocation of credit limits to the individual offices.

Inputting allocated credit limits by office into the integrated trading system for use in credit analysis calculations.

Working closely with Front Desk on transaction based monitoring

Organising credit meetings.

Maintenance of customer files.

Updating of Master-data in relevant IT systems and spreadsheets to ensure maintenance of complete and accurate records

Assisting Regional Controller with guarantee requests and the recording of all details following approval

Reviewing annual listing of guarantees from Corporate Credit Department

Treasury and Cash Management

Approval and releasing of payments to external companies and inter-company payments as per weekly timetable

Assist Regional Controller with ad-hoc Treasury related tasks

Knowledge and Experience

Bachelor’s degree in Finance, Economics, Business Administration or related discipline.

2+ years of experience in credit.

Experience in controlling / finance / accounting, considered an asset.

Awareness of accounting theory and practice, cost accounting and systems.

Understanding of trading operations e.g. hedging, futures and spot trading preferred.

Developed proficiency in the following competencies must be evident and demonstrated: 

Reference: 38059445

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