The Corporate Credit Manager is responsible for safeguarding the financial integrity of the organization by managing the credit risk associated with commercial lending. This involves liaising with the credit and collections team, analysing financial data, and collaborating with internal and external stakeholders to ensure sound lending strategies and efficient risk mitigation.
Job Responsibilities:
* Reviewing financial statements, credit reports, and payment history to evaluate the risk of extending credit to new or existing customers.
* Establishing and enforcing credit limits for new and existing customers within agreed mandates.
* Annually managing and reviewing all corporate customers to ensure compliance with credit policies.
* Preparing and finalizing credit dossiers for submission to higher level approvers such as Credit Committees at local and HQ levels.
* Chairperson for the weekly corporate underwriting meeting involving other stakeholders in the business such as sales director, head of direct sales, head of indirect sales.
* Ensuring Credit Underwriting Guidelines are followed including KYC and AML.
* Setting up and maintaining customers in our MILES system.
* Monitor and manage credit limits and exposures to minimize risk while supporting business growth.
* Collaborate with sales teams to provide insights on credit policies and facilitate the approval process for new accounts.
* Conduct regular reviews of customer accounts to identify potential issues and recommend actionable solutions.
* Support the collection of overdue accounts by coordinating with the collections team and providing relevant financial information.
* Maintain accurate records of credit decisions and communicate effectively with internal and external stakeholders.
* Preparing any HQ reports as and when requested within the deadline.
* Spreading customer accounts on HQ systems and obtaining credit grades.
* Reviewing credit application documents prepared by other members of the credit team and granting approvals within agreed mandates, or declining / requesting further information as required.
* Ensuring that in-house Credit Underwriting Guidelines are followed in the preparation of credit reviews and the management of customers and their data.
* Monitor cost of risk budget number with the target to be within budgeted number.
* Create training plans & write local procedures for corporate credit in line with HQ requirement.
* Support in upskilling credit team members into Corporate Credit by devising training plans and conducting training with monitoring.
* Building a strong working relationship with our credit refence bureaus such as Experian, COFACE and Equifax.
The ideal candidate will have:
* Excellent oral and written communication skills are essential together with proven complex analytical and decision-making skills.
* Strong analytical and documentation skills, in particular financial statements analysis and attention to detail.
* Proactive approach to identifying opportunities for process improvements.
* Willingness to work towards achieving goals in a changing and challenging environment.
* The ability to explain customer assessments to both technical and non-technical stakeholders
* Degree and 3+ years’ corporate credit evaluation role, with a personal mandate to approve credit limits ideally in automotive or consumer finance.
* Experience in corporate credit management or a similar financial role, with commercial credit underwriting experience preferred
* Strong analytical, problem-solving and communication skills.
* Familiarity with UK/FCA regulations and best practices in credit-risk management.
* PC literate, specifically in Excel, Word, Access and PowerPoint.
* Able to interpret financial statements, write credit reviews, and make recommendations about credit limits and consider securities as risk mitigation tools.
Stellantis is proud to be an equal opportunity employer. We are committed to equal employment opportunity and equal pay regardless of race, colour, religion, sex, national origin, sexual orientation, disability, or gender identity. Stellantis are also accredited with the Defence Employer Recognition Scheme (ERS) Gold Award, that recognises organisations that pledge, demonstrate or advocate support to the armed forces community. Please contact our recruitment team if you would like to discuss anything further or if you require any form of reasonable adjustments for any part of the recruitment process.