What are the responsibilities and job description for the Contract and Credit Analyst position at Golden Pass LNG?
Company Overview
Golden Pass LNG, a joint venture between ExxonMobil and QatarEnergy, has the vision to become the premier LNG export company in North America. It is our mission to bring clean energy from Texas to power the world and we seek to do that in a way that values safety, integrity, our people, community, and the environment. In order to achieve those goals, we are bringing together a diverse team of experienced and talented professionals. Headquartered in Downtown Houston, the Golden Pass LNG organization expects to double in size over the next several years as we complete the project, commence natural gas trading activities, and ramp up towards full LNG production. Once full operations commence, Golden Pass LNG will become the second largest consumer of natural gas in the US and produce more than 200 cargos of LNG per annum.
Job Summary / Purpose
The Contract and Credit Analyst is primarily responsible for supporting risk management activities related to the administration of contracts by negotiating enabling agreements for the purchase and sale of natural gas to feed Golden Pass LNG's operations. This position also plays a secondary role in supporting the Risk function by managing the operational activities of Credit. These include but not limited to managing the KYC process, negotiating, and monitoring the renewals of guaranties, letters of credit and ensuring data integrity and accuracy in the credit and contract systems.
Essential Duties / Functions
Contract Administration
Golden Pass LNG, a joint venture between ExxonMobil and QatarEnergy, has the vision to become the premier LNG export company in North America. It is our mission to bring clean energy from Texas to power the world and we seek to do that in a way that values safety, integrity, our people, community, and the environment. In order to achieve those goals, we are bringing together a diverse team of experienced and talented professionals. Headquartered in Downtown Houston, the Golden Pass LNG organization expects to double in size over the next several years as we complete the project, commence natural gas trading activities, and ramp up towards full LNG production. Once full operations commence, Golden Pass LNG will become the second largest consumer of natural gas in the US and produce more than 200 cargos of LNG per annum.
Job Summary / Purpose
The Contract and Credit Analyst is primarily responsible for supporting risk management activities related to the administration of contracts by negotiating enabling agreements for the purchase and sale of natural gas to feed Golden Pass LNG's operations. This position also plays a secondary role in supporting the Risk function by managing the operational activities of Credit. These include but not limited to managing the KYC process, negotiating, and monitoring the renewals of guaranties, letters of credit and ensuring data integrity and accuracy in the credit and contract systems.
Essential Duties / Functions
Contract Administration
- Lead in negotiating enabling agreements (NAESBs) ensuring credit, legal and commercial terms are incorporated and shared with counterparties.
- Ensure timely follow up with counterparties through the negotiation process and feedback is promptly shared with internal stakeholders.
- Onboard counterparties in Endur ensuring data are accurately captured.
- Assist in the negotiations of confidentiality agreements.
- Manages document retention and relevant file structures (Open Text)
- Process name changes, M&As, and miscellaneous changes to counterparty information (ie bank changes, tax form changes etc)
- Process amendments to credit/commercial contracts as required.
- Monthly reporting and status tracking of ongoing negotiations.
- Organizes and conducts monthly status updates for internal stakeholders.
- Engage with groups across the organization to satisfy contracts related questions and assistance with analysis.
- Manage and assist with outgoing KYC/Onboarding requests.
- Manage and assist with the negotiation and renewal of guaranties and letters of credit.
- Assist in the build out of a credit system and ensure its data accuracy and integrity.
- Develop and maintain credit risk reporting process, including period reports for management and stakeholders on credit risk exposures, trends, and key risk indicators.
- Assist in creating credit risk dashboards and metrics for clear, timely, and actionable insights.
- Monitor credit risk exposure limits, highlight breaches, and escalate concerns as necessary.
- Assist in maintaining and updating credit risk management policies, ensuring alignment with industry best practices and organizational objectives.
- Other credit activities as may be assigned.
- Education: Bachelor’s degree in law, business, or a related field.
- Minimum 3 years of experience in contract negotiations and management, paralegal related work, financial and data analysis, or a similar role, preferably within the energy or commodities sectors.
- Technical Skills: Proficiency in energy contract provisions, its legal framework and Microsoft Office products.
- Knowledge: General understanding of energy, or commodities industries.
- Skills: Strong analytical and critical thinking skills; excellent verbal and written communication skills; ability to work effectively with cross-functional teams.
- Analytical Skills: Strong problem-solving skills with the ability to analyze complex data, identify trends, and provide actionable recommendations.
- Attention to Detail: High attention to detail, ensuring thorough and accurate audit documentation.
- Communication Skills: Excellent verbal and written communication skills, with the ability to present complex information clearly and concisely to various stakeholders.
- Interpersonal Skills: Proven ability to work independently and as part of a team, fostering positive relationships across the organization.
- Integrity & Confidentiality: Demonstrated commitment to ethical standards and maintaining the confidentiality of sensitive information.
- Environment: Primarily office-based, with a professional corporate environment. May include working in conference rooms, open office settings, or remote auditing arrangements as needed.
- Schedule: Standard business hours, with occasional flexibility needed to meet audit deadlines, handle time-sensitive tasks, or accommodate travel schedules.
- Noise Level: Moderate noise level typical of an office environment.
- Confidentiality: Must maintain a high level of confidentiality due to exposure to sensitive financial and operational information
- Mobility: Ability to sit or stand for extended periods.
- Visual Acuity: Must be able to work on a computer and review detailed documents.
- Dexterity: Operate standard office equipment, including computers.
- Lifting: Occasionally lift items up to 15 pounds.
- Travel: Some travel may be required to conduct audits at other locations.
- Not all aspects of the job are covered by the description – may require “other duties as assigned.”
- Job may change over time in accordance with business needs.
- Job description does not guarantee employment.