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Credit Manager, Treasury Department

Job ID: 33985
Department: Treasury
Location: 4 World Trade Center

Responsibilities

The Credit and Collections Division supports the Port Authority of New York and New Jersey (the “Port Authority”) multiple lines of business by ensuring the collection of monies due and ensuring that tenants have the financial stability to meet their obligations.  The position reports directly to the Manager, Credit, Collections and Accounts Receivable and is responsible for reviewing and monitoring the financial data and related background information of prospective and existing tenants, vendors and contractors desiring to do business with the Port Authority to ascertain their credit worthiness where an exposure to a financial loss exists for the Port Authority.  This will involve deep analysis and frequent interaction with customers and internal stakeholders.

Primary Functions:

  • Review complex Port Authority contracts, including leases, tenant alteration agreements, and permit requests to identify and quantify financial risks to the Port Authority and determine adequate security requirements.
  • Perform account research using sources such as Dun & Bradstreet, Internet websites, SAP Real Estate Module, and public records search.
  • Communicate the agency security requirements to the key stakeholders in the contract and generally across the agency.
  • Advise line department staff and other key stakeholders on issues that relate to security requirements.
  • Review security deposit process and maintain and control cash, collateral, Letters of Credit and guarantees.
  • Work with facilities staff to ensure receipt and timely recording of pending security deposits.
  • Monitoring, compiling, reviewing and performance of analysis of interim/fiscal financial information submitted for Port Authority tenants and the major airlines.
  • Processing the Port Authority and PATH receivable lockboxes and collection of past-due tenant accounts.

Qualifications

Candidates must present the following qualifications to be considered eligible for this position:

  • Bachelor’s degree in accounting, finance or economics or related field.  MBA preferred.
  • A minimum of ten years’ experience in credit and collections.
  • Ability to interpret key financial statements/information to determine security requirements.
  • Demonstrated analytical and problem solving skills, including the ability to recognize non-obvious patterns

Desired

Ideal candidates will present the following profile:

Solid computer Skills-Word, Excel, SAP and Yardi.

Outstanding negotiation skills.

Excellent written and verbal communication.

Ability to manage relationships both internally and externally; interface with stake holders to communicate credit decisions.

Compensation & Benefits

The Port Authority of New York and New Jersey offers a competitive salary, an outstanding benefits package and a professional environment that supports development and recognizes achievement.

How To Apply

Interested candidates should apply to this job by clicking on the Apply Now button and submitting a combined cover letter and resume.

Only applicants under consideration will be contacted.

About The Port Authority

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere.

EQUAL OPPORTUNITY EMPLOYER

The Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer.

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