Are you ready to start your legaSEA SEAOIL is looking for passionate talents to help make a difference in the lives of Filipinos and fuel their better future. Here's your chance to grow your career with the largest and leading independent fuel company in the country!
Every role in SEAOIL contributes significantly to the company. Here's a summary of what you will be doing in this job:
1. Evaluate all credit line and term applications prior to recommendation to Credit committee.
2. Manage and monitor customer under Credit.
3. Manage Credit requirements of the company.
4. Manage personnel under Credit.
Success in this role will require you to fulfill the following responsibilities:
A. Review, establish and maintain working capital lines from new and/or existing relationships.
1. Manage, coordinate, respond to various banks and / or financial institutions on new application and/or renewal of credit and trade facilities for the company and/or its affiliates, subject to the approval of the Vice President for Finance.
2. Coordinate with account officers on revisions in the contracts/agreements for new and/or renewal of credit lines and trade facilities for the company, as recommended by Legal, Senior Vice President for Finance and Accounting, and/or the Executive Committee (EXCOM)
3. Facilitate the preparation, review, and submission of the documentary requirements of banks and/or financial institutions for the credit and loan facilities applied for.
4. Negotiate with banks for the reduction of interest rates, bank charges, and the like.
5. Provide loan or leasing facility for vehicle, equipment and other Capital Expenditure (CAPEX) requirements of the company.
6. Analyze and prepare reports related to bank loans. Explore/execute derivative transactions for Commodities.
7. Explore derivative products from banks/financial institutions and counter parties for the company's commodities hedging.
8. Coordinate approval of ISDA documents for new agreements and amendments as recommended by the Corporate Secretary.
9. Inquire rates for swap, option, time spread and others for the company's commodities hedging.
10. Analyze and check daily risk and commodities report and commodities hedging report.
B. Manage internal credit operations
1. Maintain customer's credit thru evaluations, review, and credit risk analysis, which may lead to additional credit recommendations for potential customers and continuing credit privileges for existing customers.
2. Evaluate customers worthiness using the gathered data thru credit investigations and background checking prior to scheduling them for Credit Committee presentation.
3. Determine credit term and line of evaluated credit applications (base on the result of Credit Score Card) to be recommended to the Credit Committee.
4. Schedule meeting for the result of the credit assessment of all the customers with the Credit Committee and assigned Reseller.
5. Update and notify Resellers regarding the results of Credit Committee meeting thru sending a report or minutes of the meeting.
6. Work with other members of the Financial and collection groups. These Professionals also evaluate credit processing and approval, and make changes to ensure the Financial stability of the organization.
7. Conduct quarterly review of Credit Risk Exposure on each existing clients.
8. Prepare report a quarterly Sales Performance Review of all customers on credit and discuss the results of the reports to the Credit Committee.
9. Prepare a comprehensive monthly Fleet Report and send this to all stakeholders (Credit Committee, EXCOM and Fleet Team).
10. Resolve customers issues related to their accounts and eligibility for products and delivery.
11. Maintain and update the monitoring sheet
12. Review and check all customer files, logbooks and monitoring sheets under Credit's responsibility.
13. Supervise all the personnel under his/her team and act as a good example among his colleagues within the group and organization.
14. Perform other related functions and assignments from time to time
LET'S FUEL THE FUTURE - TOGETHER.
SEAOIL is the largest and leading independent fuel company in the Philippines. For over 40 years, SEAOIL has been a gamechanger in the industry, dedicated to serving Filipino communities through our innovative products and services.
Do you think you're a fit for our culture Apply to SEAOIL today!
FUELED FOR SUCCESS. SEAOILers are driven to succeed. It is ingrained in us to be our best selves in our professional lives. This is why we provide an environment and programs to develop high-performing, high-potential leaders with qualities of authenticity, humility, courage and candor.
CULTURE OF CARE. It's our genuine care that makes us stand out. We make sure to show our care in tangible and impactful ways. We take a personal approach to people management as seen in our Hybrid work arrangement, employee engagement activities, and benefits. We know that care is also about positioning people for success, challenging them at the right level, and providing equal progression opportunities.
INSPIRED BY INNOVATION. Our history of innovation speaks for itself. In the early 2000s, we pioneered the use of biofuels for motorists in the Philippines. In 2005, SEAOIL was the first to offer E10 (fuels with 10% ethanol) or ethanol-blended gasoline in all of our filling stations nationwide. We were also the first to sell coco biodiesel, or diesel with 2% coco methyl ester. It all goes back to bettering the lives of Filipinos.
GUIDED BY CODE I-ABC. We act with Integrity. We are Accountable. We make things Better, and We are Customer Centric. Our values are not just nice to hear or say. Code-IABC is our compass, and guides us in all our decision-making. Ask any SEAOILer and they would say the same thing: we have always done things the right way - even if it means taking the harder route, and even when no one is looking.
