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Sr. Associate, Credit-PHL

Taguig City, Philippines
Job ID: 46400

Description

 

 

Job Description Template

 

 

Section 1:  Identifying Information

 

Position Title: 

Junior Analyst

Job code:

 

Grade:

JG6N

Date Prepared:

 

Reports to:

Maria Fe Ledesma

Prepared by:

 

Department:

Credit NA –Credit Development Team

Business line:

 

Positions reporting to this position

N/A

Target team size:

 

Country/City:

Manila, Philippines

 

 

 

Section 2:  Position Summary

 

This role is responsible for review and approval of financial information and documentation for 3rd party lease transactions Which many include spreading of Financial documents and assisting the Credit Analyst to have the customers identity checked and credit worthiness assessed and approved. prior to commencement of trading. Credit assessment on new and existing customers must take into account the willingness and ability of the customer to settle their business commitment now and in the future.

 

 

Section 3:  Responsibilities, Supporting Actions & End-Results

 

 

Major Responsibility:

 

      Responsible to manage the financial review and approval of 3rd party lease transactions.

      This includes reviewing financial information, account information as well as 3rd party financial reports

      Understand the structure of the lease deal and confirm with the reseller the timing of lease funding for the opportunity

      Responsible for spreading financials obtained from the reseller in the Moody’s/Web Equity to generate a financial report that is necessary for the analyst to complete the review.

      Extract financial spreads in Moody’s Equity Lending cloud system to generate report.

      Handles unassigned accounts in US and Canada for credit line increase

      Support lease transactions <$100k for the US via IM360 requests

      Process credit increase requests through Forseva automation, approve the request if they were credit worthy and re-assign the request to Senior Analyst if not approve thru automation and to have review and analysis of the account

      Reading and interpreting credit bureaus and trade report to analyze risk and identify if there is market share opportunity.

      Responsible for reaching out to resellers to obtain the updated financials and banking reference necessary for the annual or semi-annual credit compliance review of the Senior Analyst.  This includes sending out a letter to formally request to the reseller.

      Responsible for reaching out to banks to obtain most recent bank reference for the resellers account.  This is to verify their account which includes calling the bank and sending the request via fax or email.

      Update Impulse for the result of the automation whether declined or approved credit terms.

      Escalate to management any transactions that are unable to be approved

 

Supporting Actions:

  • Update credit engagements in IM360

 

      Assist the Senior Credit Analyst in handling their portfolio accounts with credit limits of $50K and above.

      Ensure that each analyst’s portfolios are kept updated and that all accounts are sent compliance letters for credit review.  This includes checking the Analyst database (Account Management Platform) to get the accounts that will be due for credit review, checking for the financial contact in Impulse and ImageNow and determining what financials are to be obtained to the reseller.

      Ensure that all credit files obtained are to be uploaded in ImageNow for future reference.

 

 

End Results:

 

      The team was able to provide full support to the Credit Analyst team onshore.

      Timely review of the accounts

      Provide good customer service

 

Percentage:   

 

Major Responsibility    9080%

Supporting Action1020%

 

 

 

Major Responsibility:

 

Supporting Actions:

 

End Results:

 

Percentage:     ­­­

 

 

Major Responsibility:

 

Supporting Actions:

 

End Results:...

 

Percentage:     ­­­

 

 

Major Responsibility:

 

Supporting Actions:

 

End Results:  

 

Percentage:     ­­­

 

 

Section 4:  Decision Making Authority Level

 

Guidelines: Describe the authority held by the position by listing the main decisions that the position is free to make and explain the decisions that depend on the position’s advice.

 

Decisions free to make:

      Approving/declining of 3rd party lease transactions credit line increase

      Interpretation of financial documents for spreading

 

 

Explain the decisions that depend on position’s advice:

      Risk analysis

 

 

Example decisions that depend on position’s advice:

      Analysis of account based on payment history, purchasing pattern and credit event.

 

Section 5:  Scope/Dimensions

 

Guidelines: List the main quantitative measures that define the size and scope of the position (headcount, budget, profit dollar target).             

 

      Analysis of unassigned accounts for US and Canada -100% transition in ManilaAll 3rd party lease transactions <$100k

      Spreading of financials for accounts scheduled for credit review -100% transition in Manila

      Monthly average of each Jr Analyst for all processes in Credit Development is around 200 accounts.

 

Section 6:  Job Qualifications and Educational Requirement

 

Guidelines: Provide the education, experience, skills and competencies necessary to perform the position.

 

      Degree in Business, Finance or Accounting. Bachelor’s degree is desired

      Understanding of business financial statements

      Experience in pulling data and reconciling reports

      2 years minimum experience in Credit field

      Knowledge in Magellan, trade credit reports, internal customer credit history

      Skills in decision making, analysis of data, organization and prioritization, communication skill with both internal and external customers

      Ability to adapt to change and provide excellent customer service

 

Section 7:  IM Competencies

 

Guidelines: Provide the IM Competencies necessary to perform the position.

 

      Judgment and Decision Making

      Result Oriented

      Change Agent

      Collaboration and Influence

 

 

Section 8:  Other Information

Guidelines: Indicate any information that would be helpful in understanding the nature, scope or purpose of the position, or any unusual or hazardous conditions associated with performing the position.                                                                                     

 

 

 

 

 

 

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