Job Information
Phillips 66 Director, Trade Finance in Houston, Texas
. Phillips 66 & YOU - Together we can fuel the future
The Director, Trade Finance is responsible for leading the development of a panel of credit risk transfer and trade working capital providers, maintain counterparty level availability and pricing of current risk transfer on targeted portfolio. This role will participate in the development of portfolio level governance of credit risk, provide economic analysis and modelling to support risk transfer decision making and execute risk mitigation as required to maintain compliance with management risk appetite.
Responsibilities May Include:
Identify banks and credit risk insurance underwritiers to provide credit risk transfer and working capital on trade accounts receivable.
Negotiate committed and uncommitted facilities with risk transfer providers.
Maintain panel of risk transfer providers and current availability and pricing of risk by counterparty name.
Collaborate with business units to understand business needs and identify specific use cases.
Provide analysis of working capital usage at the BU level.
Run economic analysis of trade A/R inclusive of working capital and risk mitigation.
Assist in monitoring credit portfolio thresholds.
Execute risk mitigation transactions as required to maintain management risk appetite.
Required Qualifications:
Legally authorized to work in the job posting country
Bachelors degree
Minimum of 10 years experience in commodity trade finance
Experience negotiating with financial institutions, placing credit risk insurance policies and/or trade finance facilities
Experience in corporate finance, credit and contract negotiation
Preferred Qualifications:
MBA or Masters in Accounting
Strong economic modelling skills
Team player but also able to manage own workload with focus on key daily tasks
Flexible attitude
Commitment to accuracy
Able to encourage continuous improvement
Able to excel in an environment of constantly changing priorities
Strong verbal and written communication skills
Total Rewards
At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being — physical, emotional, social, and financial — is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Benefits for certain eligible, full-time employees include:
Annual Variable Cash Incentive Program (VCIP) bonus
8% 401k company match
Cash Balance Account pension
Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services
Learn more about Phillips 66 Total Rewards (http://hr.phillips66.com) .
Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.
Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.
To be considered
In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of May 15, 2024.
Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1). Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.
Phillips 66 is an EEO and Affirmative Action Employer of Women/Minorities/Veterans/Individuals with Disabilities