WHAT WE VALUE: Strong ownership, negotiation skills, relationship building, analytical thought process, leadership qualities.
HF Sinclair Corporation is seeking a Manager, Credit and Collectionsto be based at the headquarters in Dallas, TX. This role is responsible for directing the trade credit risk management function for the Lubricants and Specialty Products division while managing and ensuring compliance with the Company’s global credit policy. This role is also responsible for assessing financial risk and approving credit limits for customers, monitoring and managing credit exposures to customers and suppliers and developing risk mitigation strategies. Additionally, this role is responsible for developing, negotiating, and implementing credit strategies and lead cross-departmental efforts to improve liquidity, and strengthen the Company’s credit profile.
ESSENTIAL JOB DUTIES/RESPONSIBILITIES: (functions considered essential as defined by ADA)
- Oversee all credit risk management activities, policies and procedures and the collection process in order to properly manage financial risk for the Lubricants & Specialty Products division.
- Evaluate enhancements and effective credit risk management policies for the Company’s credit policy and modify as appropriate. Obtain executive management approval as required.
- Oversee, develop, and implement policies and procedures for the trade credit risk management function and ensure compliance with the Company’s credit policy.
- Develop methodology and financial models for assessing financial risk of customers and setting appropriate credit limits.
- Proactively collaborate with division management on customer growth plans, strategies, and process improvement opportunities.
- Manage a team of five credit account managers and set appropriate department goals.
- Direct analysis of the financial strength of new and existing customers and their credit support providers, determine appropriate credit limits and/or credit enhancement requirements, monitor and manage compliance with established credit limits.
- Approve credit limits for customers of the Company and all subsidiaries pursuant to the Company’s credit policy and delegation of authority.
- Oversee collection activities for the Company and all subsidiaries; including cusomter accounts receivable aging analysis, DSO, workouts, legal proceedings and serve as escalation point for collection problems.
- Evaluate, recommend, negotiate and implement strategies/financings to improve liquidity, reduce working capital requirements, optimize use of open credit, develop innovative ways of providing credit support and strengthen the Company’s credit profile.
- Evaluate appropriateness and value of collateral proposed by customers to be used for credit enhancement as a means of risk mitigation.
- Develop and negotiate work out plans or other risk mitigation strategies and actively work with accounts in financial distress (in coordination with marketing and legal counsel) to ensure the Company receives all monies due and minimize/eliminate bad debt write offs.
- Negotiate credit lines, parent guarantees, netting agreements, and alternative collateral options with suppliers.
- Negotiate, coordinate, prioritize, and serve as point person to legal counsel for various legal issues such as netting agreements, parent guarantees, master agreements, ISDA agreements, and bankruptcy claims.
- Identify and implement process improvement opportunities within Finance, as well as and in conjunction with other Company departments as needed.
- Lead regular meetings with management to inform and discuss material credit risk exposure, past due balances, bad debt reserve, bankruptcy proceedings and collateral postings.
Special assignments or tasks assigned to the employee by their manager, as determined from time to time in their sole and complete discretion
A minimum of 10 years of job-related experience is required.
A significant amount of experience in Finance. Oil & Gas industry experience.
A minimum of a Bachelor’s degree in business, finance, or a related field is required.
Preferred Educational Level:
The ability to effectively communicate with others, both verbal and written communication skills, good reading and writing skills, negotiation, analytical, problem solving and organizational skills; demonstrated accountability and ownership; strong interpersonal skills with a customer focus and the ability to build relationships; leadership skills; proficient with spreadsheet, word processing, electronic mail and database applications; strong knowledge of accounting practices and procedures and Fair Debt and Collection laws; ability to identify discrepancies and determine alternative course of action.
Responsible for the supervision of five employees.
Our One HF Sinclair Culture:
At HF Sinclair, we are united through our One HF Sinclair Culture, which is underpinned by our five core values of Safety, Integrity, Teamwork, Ownership and Inclusion. Developed to empower our people, our five core cultural values are at the heart of everything we do and extend to how we engage our stakeholders. These values influence our decisions, shape our behaviors and keep us connected across the entire organization.
We maintain a true Safety culture for our employees, communities, environments and customers. Our goal is to make sure everyone returns home safely each day. We have a long-standing commitment to Integrity and ethical behavior and do what is right for our employees, investors, communities and the environment. We encourage employees to Step Up and Stand Out by championing a culture of Teamwork and Ownership. We foster a culture of Inclusion by encouraging diversity of experiences, viewpoints and backgrounds. What makes each of us different, together makes us stronger.
About HF Sinclair Corporation
HF Sinclair Corporation (“HF Sinclair”), headquartered in Dallas, Texas, is an independent energy company that produces and markets high value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products in 19 states principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. HF Sinclair supplies high quality fuels to more than 1,300 Sinclair branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and export products to more than 80 countries. Through its subsidiaries, HF Sinclair produces renewable diesel at two of its facilities in Wyoming. HF Sinclair also owns a 47% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HF Sinclair subsidiaries.
Equal Opportunity Employer
HF Sinclair Corporation is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status or any other prohibited ground of discrimination.