Credit Specialist – Qatar

Responsible for assessing credit risks and credit -worthiness of rated and non-rated counterparties, such as potential and existing customers, financial institutions and other counterparties; determining credit requirements and developing innovative credit risk solutions.
Essential requirements of the positions include the ability to provide quantitative and qualitative analysis relying on financial statements and other data to establish credit limits with the use of the credit scoring model.
Responsible for the establishment, maintenance and monitoring of credit limits extended on behalf of the various legal entities to respective customers, financial institutions and other counterparties.
Responsible for securing and maintaining credit support documents (e.g. Letters of Credit, Guaranties, etc.) when required.
Prepare daily/weekly credit reports for the management and continuously monitor the ongoing credit quality of the customers and financial institutions.
Good knowledge of oil & gas related commercial agreements is required to review and advise on credit terms of standard energy industry master agreements.
Maintain functional and technical risk management knowledge to the level required to develop a best practice credit risk management function.
Understanding of the key elements of Credit Risk Management, in particular credit risk mitigation strategies and structured credit solutions with non-investment grade companies. Specific Accountabilities Comply with Financing Agreements and Credit Policy in terms of credit quality of counterparties the company is dealing with.
Participate in control catalogue and risk analysis review. Annual validation of P&Ps. Compliance to P&Ps leading to satisfactory audit reports.
Keeping company credit exposures within set risk bearing limits. Good control over credit limits and ensuring deals carried outside the framework of the credit policy have obtained appropriate approvals.
Administer financial security from the customers to the value of $1 Billion and bank guarantees from suppliers of $400 Million. Minimum Requirements
Bachelor’s degree in Accounting or Finance and preferably Energy Risk Professional (ERP) qualifications.
7-8 years’ experience in Credit Risk Management, Finance, Accounting, or similar role in Treasury within the Oil & Gas Industry.
Ability to communicate with internal and external parties

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