Credit Risk A Team

CEDRIC RAMON BRADFORD

832-***-**** • **************@***.***

SUMMARY

An experienced credit risk professional with more than 20 years of experience in both energy and non-energy industries. Demonstrated track record of performance and accomplishments in dynamic, challenging environments. Past successes can be attributed to being a team player and an excellent communicator with strong analytical and decision-making skills.

EMPLOYMENT HISTORY

10/09 – 05/25, Credit Supervisor, Gexa Energy, Houston, TX

Conduct in-depth credit assessments to determine the viability and credit worthiness of commercial and industrial accounts within the ERCOT, MISO, PJM, NYISO and ISO-NE retail power markets.

CORE QUALIFICATIONS

Strong Facilitation and Negotiation Skills

Collaborate with in-house legal counsel regarding developing and negotiating credit language concerning business energy contractual agreements.

Partner with internal stakeholders such as Account Managers and Accounts Receivables Teams in establishing revenue assurance when prospecting new and existing customers.

Collaborate with Corporate Treasury Team in administering collateral postings per utility requirements within the aforementioned power markets.

Collaborate with the following cross functional teams to interpret and evaluate regulatory rules of new markets to assist in the development and administration of the company credit policy:

*Sales *Operations *Treasury *Legal *IT Team

Strong Quantitative and Qualitative Problem-Solving Skills continuous

Execute commercial credit initiatives consisting of a manual credit review process replaced with the implementation of a system automation of credit reviews resulting in an 85% approval rate.

Coordinate with the IT Team in developing and implementing a system automation function to expedite the renewal approval process of existing customers.

Establish a proven track record to ensure the accommodations of stakeholders, as well as the proficiency to make decisions and render rationales and recommendations to senior management.

Strong Direct Leadership/Supervision Skills

Practiced a participative and servant leadership model that espouses principles of collaboration, shared governance, transparency, inclusivity, and shared values

Supervise a team of credit analysts responsible for conducting credit reviews on a diverse portfolio of commercial and industrial customers.

Manage workflow within the group to ensure prompt turnaround of all credit requests and adherence to credit policy.

Oversee the maintenance of current counterparty credit files with supporting analytics.

Demonstrate accountability for exposures, limits, credit mitigation strategies including collateral.

Demonstrate knowledge in analyzing financial information to assess counterparty credit worthiness to determine appropriate credit limits.

Utilize the following sources for gathering information critical to the credit decision process: D&B, Experian, Moody’s, S&P, and Credit Risk Monitor.

Provide counterparty credit exposure reporting to all levels of management.

Develop weekly, monthly, and quarterly reporting and analysis on credit portfolio, group performance and other key metrics for the group.

Supports special projects as directed by management that further departmental and corporate of objectives as well as Ad hoc requests.

01/09 – 06/09, Credit Analyst Total Power & Gas (Short-term Contract Assignment), Houston, TX

Evaluation of counterparty credit risk including analyzing financial, market, and other information, to make recommendations to establish counterparty credit limits in accordance with Total Policy.

Maintains current counterparty credit files with supporting analytics.

Updating and monitoring key credit terms, including credit ratings and expiring collateral support, in the credit risk management system.

04/07 – 09/08, Credit Analyst Direct Energy (Commercial & Industrial), Houston, TX

Reviewed the credit quality of 200 – 300 new and renewal customers per month for the company’s North American retail C&I business unit.

Analyzed company information including financial data, rating agency assessments, and industry information in determining counterparty creditworthiness and lines of credit.

Recommended appropriate actions (approvals, security requirements, declines) based on credit analysis.

Participated in the negotiation of credit support documents to include guaranties, letters of credit and cash security deposits in order to mitigate credit risk.

Utilized the following sources for gathering information critical to the credit decision process: D&B, Experian, Moody’s, S&P, and Credit Risk Monitor.

Maintained excellent relationships with Sales, Collections, Contract Administration, Accounting and counterparties.

Provided Sales with quarterly reports listing customers pending renewal, but of credit concern due to delinquent account status.

Provided input into changes to C&I’s credit policy and guidelines, and to the corporate credit system which was under development and being fielded in the US North region.

Provided Accounting with a quarterly summary of the credit risk distribution of C&I’s sales portfolio to assist in quantifying its reserve for bad debt.

Prepared monthly credit reports for senior management which summarized sales opportunities by type and risk band distribution, to include management overrides and security requirements.

2006 - 2007, Collection Analyst – (Short-term Contract Assignment) Shell Trading US, Houston, TX

Executed effective collection efforts on customer accounts which composed of a portfolio over $50 million.

Developed and maintained strong relations with customers via efficient communications.

Collaborated with sales/invoicing analysts for verification of contractual agreements as well as resolving pricing issues such as tariff fees, storage and handling fees.

Reviewed and analyzed customer disputes regarding invoice line item discrepancies and contractual disputes.

Assisted team members into resolving collection problems and issues related to product oil contracts.

Identified "Root Causes" of problems and took proper actions to resolve them.

Implemented solid analytical skills during the reconciliation of customer accounts for the purpose of presenting a clear and accurate balance.

Analyzed collections/receivables on a daily basis.

Further enhanced SAP software experience by reviewing customer accounts, generating aging reports, printing and submitting invoices, and issuing refund requests due to account reconciliations.

2005 - 2006, Credit/Collection Consultant Magnolia Physical Therapy, Magnolia, TX

Consulted with management on enhancing the collection process as well as the development and implementation of new procedures for employee adherence. Developed a positive rapport with customers, branch employees, management, and the credit and accounting team. Provided professional service to internal and external customers.

Generated aging reports to assess the payment trends of clients and executed collection efforts regarding delinquent accounts. Established customer account credit limits and managed special credit arrangements and/or deviations from standard payment terms as well as evaluated delinquent accounts to ensure that all appropriate collection efforts are used before assigning bad debt status.

Trained and galvanized new employees into exercising best practices regarding optimal collection efforts.

2000 – 2005, Credit Collection Analyst RLS Legal Solutions, Houston, TX

Obtained extensive experience on Dunn & Bradstreet credit reporting via conducting comprehensive credit reviews of prospective customers by investigating and verifying the customer’s financial status and reputation. Assessments were made in order to determine the granting of credit lines/COD accounts for potential clients given the information of reports reflecting credit scores according to company and industry standards.

Executed certain accounting functions such as: Accounts receivable - assisted in cash application duties, issued credit & debit memos to rectify invoice discrepancies and misapplied amounts; Accounts payable - scheduled disbursements for all vendors and issued refund checks to customers due to overpayments.

Generated and submitted monthly invoice statements to customers for their review and remittance of payment.

Collaborated with management and various internal customers in efforts of reducing the DSO and receivables regarding delinquent accounts.

Provided collection status reports to management and even advised them of alternatives ways on improving the collection process for the purpose of ensuring desired results. Settlement offers regarding extremely delinquent accounts were successively negotiated and collected. Recommendations for uncollectible accounts were also given to management for pursuant of any necessary legal actions.

Initiated office visits for the purpose of developing and ensuring quality business relations with clients. Worked closely with sales and support staff as needed to resolve customer disputes and encourage compliance regarding company policy.

1998 – 2000, Credit Collection Analyst II Williams Communications, Houston, TX

Maintained a $2 million portfolio of commercial collection accounts.

Generated aging reports to assess the payment trends of clients and administer collection efforts.

Interfaced with external and internal departments for the purpose garnering collaborative efforts in achieving goals.

EDUCATION

MBA – Business Administration University of Phoenix, Houston, TX Oct 2004 – Oct 2006

BS - Accounting Central State University Wilberforce, OH Aug 1993 – June 1997

Certification

Six Sigma – Yellow Belt

TECHNICAL SKILLS

SAP, Microsoft Outlook, Excel, Word, Power Point

MILITARY EXPERIENCE

Army National Guard – Honorable Discharge

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