CITGO Petroleum Corporation

  • Credit Manager

    Requisition #
    # of Openings
  • Relocation

    Relocation Benefits are not available for this position.


    Employer will not sponsor visas for position

    Job Summary

    Responsible for approval and administration of credit to a group of assigned accounts. Commits the company to provide unsecured or secured lines of credit up to $3MM. Exercises continuous control of customer accounts balances within established terms and limits. Meets with marketing representatives and /or customers for strategic and problem-solving purposes.   Instruct less experienced personnel in evaluation and controlling credit risk situations. Assists manager in his/her respective duties through recommendations involving procedures and standards.

    Minimum Qualifications

    1. Degree: College Degree (Bachelors Level)
    2. The minimum number of years of job related experience required by this job is: 3 Years




    Job Duties

    1. Credit evaluation/approvals for new and existing customers: Investigate, analyze and evaluate the financial risk/reward of extending credit to existing and potential customers. Approve credit lines up to delegated authority limit; recommend credit lines above delegated limit to department manager. Review existing accounts as required to revise or update credit lines and to provide early detection of financial deterioration and to mitigate potential credit risks.
    2. Control account balances: Control customer account balances within established terms and limits by monitoring accounts receivable levels. Investigate and initiate collection of past due items. Review orders placed on credit hold as a result of SAP dynamic credit check to determine whether to release or require some action by customer (payment or provision of other security) before releasing.
    3. Advise Customer Service: Provide guidance to customer service in the preparation of difficult adjustments to customers’ accounts.
    4. Support of A/R transaction: Assist the accounts receivable department by identifying the items being paid by certain wire transfers and ACHs; and the proper offsetting of debit and credit invoices. Involves contacting counterparty personnel to determine which invoices and charges the heretofore unidentifiable wires and ACHs are paying.
    5. Problem accounts: Establish payment arrangements for customers in financial difficulty. Assist attorneys in filing on extremely deficient or bankrupt customers.
    6. Contract review and input: As needed, review contracts for input as to credit and other related matters. Involves basic knowledge of contract law and its application to product sales and purchase contracts.
    7. Obtain security: Obtain security agreements (Letters of Credit, guarantees, mortgages) when necessary.
    8. Perform special projects/reports as requested by Management.



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