Treasury Analyst
McDermott - Houston, TX

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Job Description
: This position will be primarily responsible for the issuance and administration of letters of credit and parent company guarantees as well as credit analysis of customers and vendors. Involves coordination with subsidiaries and global treasury operations. Requires strong communication and computer skills. *
  • Coordinates all aspects pertaining to the issuance of letters of credit (L/Cs) with international-based business units, banks, and L/C beneficiaries. *
  • Formulates and recommends language for L/Cs to mitigate risks and meet credit agreement constraints, contract requirements, and legal considerations. *
  • Monitors L/C portfolio and coordinates with business units for purpose of achieving timely cancellation of outstanding L/Cs. *
  • Reconciles and arranges payment of banking invoices for L/C fees and commissions. *
  • Prepares L/C reports on outstanding portfolios. *
  • Coordinates intercompany billings / allocations of L/C banking fees and commissions. *
  • Maintains automated data base of key L/C components. *
  • Provides L/C cost estimates to business units for bidding purposes. *
  • Support for the credit function including financial review of new customers, major vendors and determining appropriate payment terms or credit enhancement products *
  • Reporting and analysis related to treasury-wide activities. *
  • Other Treasury activities as required.
Job Requirements
: Education: *
  • BS in Finance, Accounting, and/or Economics.
Experience: *
  • 2-3 yrs of prior experience in Trade Finance either in a corporate environment or with a financial institution a plus. *
  • Experience working with international based personnel.
Qualifications: *
  • Ability to work in a team environment. *
  • Proven ability to multi-task in a fast paced environment. *
  • Ability to operate with minimal supervision.

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