Credit Risk Manager more...
Location:Pittsburgh, PA
Company:Arconic
First posted:August 31, 2020
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Description

Arconic Corporation (NYSE: ARNC), headquartered in Pittsburgh, Pennsylvania, is a leading provider of aluminum sheet, plate and extrusions, as well as innovative architectural products, that advance the ground transportation, aerospace, industrial, packaging and building and construction markets. In 2019, the businesses of Arconic Corporation reported annual revenue of $7.3 billion.

Through the ingenuity of our people and cutting-edge advanced manufacturing techniques, we make products that meet quality, efficiency and delivery objectives to achieve customer success and shareholder value.

Arconic is currently in search of Credit Risk Manager to join the team in Pittsburgh, PA.

The primary role of the Credit Risk Manager represents a third level set of roles (Collector, Analyst, and Risk Manager) and marks the zone where progressive strengths in risk assessment, interpersonal and leadership skills exist and continue to develop.  The incumbent works under the supervision of the Director, Global Credit Management.

The principle challenge of this position is to become integrated with the Business Units (BUs) in performing the credit/collection function.  The incumbent assesses risk, establishes credit lines within delegated authority levels, and works with BUs to craft the AR strategy. Incumbent uses various systems and technologies and operates within Arconic and Global Credit's Policies and Procedures, usually helping to coach/mentor others in Global Credit.  The position requires progressive growth in all competencies and technologies.

Major Activities/Key Challenges:

Operating in a Global Environment and under a comprehensive set of Arconic and Global Credit Policies and Procedures and within delegated credit authority, the Credit Risk Manager's major activities include the following:

  • Establish and monitor policies and procedures that will help the company meet its sales and risk management goals

  • Monitor and evaluate active accounts to reduce or prevent bad debt losses

  • Review strategic credit positions

  • Assess changes in largest exposures

  • Assess Counterparty Ratings

  • Review credit limit excesses and credit limits

  • Assess if provisions are up to date

  • Report all significant risks and ensure credit risk reports reach all relevant parties

  • Conduct stress and scenario testing and analysis of portfolio at global levels

  • Ensure all transactions have full and proper documentation

  • Review rating triggers and break clauses

  • Ensure credit protection is fully understood and utilized where applicable

  • Identify possibilities of utilizing credit protection

  • Perform complex collections across Arconic's complex sets of business units and global credit regions to ensure prompt customer payment performance.  Serving as an escalation point for Collectors and Analysts as they encounter situations beyond their respective job expectations.  Escalate further to BU and/or Group Credit Manager if/as necessary.  Build a strong working relation with the North American Express Credit team. Share knowledge and process to allow both teams to support each other.  Coach and mentor Collectors and Analysts.

  • Building essential credibility with assigned BUs (many times as the BU Coordinator).  Helping BU's craft their AR management and strategic focus on complex/troubled accounts as well as customers on which business can be further developed.  Help ensure that Global Credit is delivering per the SLA, escalate deviations.

  • Performing/supervising/training administrative tasks in relation to special collection tools, such as credit card, direct debit, RIBA drafts, promissory notes, bill of exchange and others that are required by the business. Handle with letter of credit and documentary credit collections; ensure Letter of Credit requirements are communicated to all involved parties and conditions are met and payment is received within a timely manner.

  • Performing risk analysis and credit review work for new and existing accounts of low/med/high complexity, likely including some with global scope.  Exercising sound credit and commercial judgment when formulating credit recommendations, establishing proper credit controls in the Oracle system, performing all within the incumbent's delegated credit limits.

  • Assisting in any special projects as requested, work out process improvement/automation initiatives to increase efficiency and present (A3) to the Lead Team, participate actively in the implementation.

  • Participating in ASAT testing to ensure credit processes are in control and capable and provide constructive input and recommendations where enhancements to existing credit/accounts receivable processes may be improved.   Coach/counsel assigned staff if/when there are ASAT/Audit findings.

Key Behaviors

  • Assumes responsibility for assigned portfolio, special tasks, projects or assignments

  • Relies less on supervision; works independently and produces results

  • Strategic orientation, problem solver, results orientated

  • Adapts to continuous change and learning, growing technical, analytical and business competence

  • Innovative, provides constructive input and recommendations

  • Develops a network and credibility with co-workers, internal and external customers

  • Able to perform well under time and budget pressure

  • Demonstrates an understanding of Global Credit's policies and procedures

Essential Knowledge & Skills/Education:

  • Highly developed listening and communications (oral and written) skills, able to negotiate at advanced levels.

  • Very strong and progressively developed interpersonal and leadership skills:  pleasant, persuasive, diplomatic yet authoritative as necessary.  Able to work with people across Arconic as well as with external customers.

  • Deep knowledge of the Arconic Business Units and Sales/Marketing Organizations that are serviced within their portfolio.   

  • Progressively developed working knowledge of business financial statements and drivers of both financial and sovereign risk assessment.

  • Progressively developed knowledge of the requirements for a Letter of Credit and Documentary Credits and various payment methods and secured terms that can be used to mitigate risk, and demonstrated strong credit and collection techniques.

  • Able to assimilate information about problems and establish a course of action.

  • Excellent, and progressively strong computer skills, to work on multiple computer platforms in order to make/supervise/train collection calls, document conversations and send correspondence with their internal and external customers to handle general administrative requirements on their portfolio.

  • Demonstrated ability to work in a team, coach, mentor and supervise others, and cooperate with internal and external customers.

  • Strong and progressively developed organizational skills; able to work independently, set prioritize day to day tasks, all communications, follow-up, and all of the administrative requirements of their portfolio; train and mentor others within the Credit team.

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Qualifications

Basic Qualifications:

  • Bachelor's degree in accounting, finance, economics or business from an accredited institution.

  • Minimum 7 years' of experience of credit/collection; complete with suitable verified achievements

  • Minimum 5 years' experience with risk modeling

  • Employees must be legally authorized to work in the United States.  Verification of employment eligibility will be required at the time of hire.  Visa sponsorship is not available for this position

Preferred Qualifications :

  • MBA or Master's degree in economics, mathematics or quantitative related field

  • Understanding key drivers of customer loan financials and behaviors that drive those financials

  • Working knowledge of customer credit risk management

  • Industry knowledge of automotive and aerospace sectors

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This job position is no longer available.