The position is responsible for the review, adjudication and monitoring of credit exposures resulting from the operations of all business activities of the company. The incumbent will insure that all files, approvals, supporting documentation are in accordance with credit policies and procedures. This position will provide accurate, timely and professional reporting and monitoring of credit exposures to the front office. The intern will provide credit analysis and review of buyers and suppliers to Insale to insure that they have the financial strength to complete all contracted obligations.
Ensuring compliance with all credit policies and procedures. Update contact information for all product trading partners or counterparties. Update and maintain current company financial, market and operational data.
Reviewing, understanding, and analyzing collected data including financial statements using credit evaluation techniques. Analyzing counterparty profiles for assessing/understanding changes in financial statements and associated implications.
Recommending appropriate actions (approval, decline, credit support etc) based on credit analysis. Reviewing and monitoring exposure to counterparty and setting/recommending credit allowances and limits.
Participating in contract negotiations (Gathering & Processing agreements).Ensure that all structured transactions are within the company credit policy. Providing counterparty credit exposure reporting to all levels of management
Negotiating guaranty and letter of credit language and amounts for Insale trading partners or counterparties. Participating in dispute resolution and settlements with counterparties. Develop strong working relationships with all marketing areas of the company.
Liaise with industry credit professionals concerning industry credit activities, trends and best practices through direct contact and professional associations. Participating in special projects as assigned.
What you will learn in this internshipResearch and Analysis
Feasibility Study of Market in terms of Finance
Efforts expected in terms of financial growth of the company
Sound knowledge and understanding of financial statements and financial statement analysis.