Title: Credit Manager
Hours: 37.5 hours per week
Location: Knightsbridge, London - office based
Salary: Competitive + bonus + benefits package
About Us
INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. With an overall turnover of about 55 Bn and 25,000 employees who have spent most of their working lives in the oil and chemical industry, INEOS operates a large set of production units, on 173 sites in 30 countries. As one of the INEOS Business Units, INEOS Olefins and Polymers Europe (O&P EU) is the largest olefin producer in Europe and one of the largest Polyolefin suppliers. With 14 Polyolefin manufacturing units and 3 million tons of capacity, we produce the full range of Polyethylene and Polypropylene, which can enhance many aspects of our life today. Those polymers are specifically tailored to provide high value solutions to selected customers in our targeted market segments.
The Role
As a Credit Manager you will join a professional pan-European credit organization hosted by O&P Europe but responsible for providing credit support services to the other parts of the business, including INEOS Trading & Shipping.
This role is responsible for credit risk assessment of the customers and markets within the portfolio and provides recommendations to sales/business functions and management around risk, credit terms and credit limits for customers within the portfolio.
Responsibilities and Accountabilities
* Ensure full compliance with credit control policies and procedures in line with business requirements.
* Deliver timely, accurate credit risk assessments to minimise business exposure, including financial analysis using the most up-to-date information.
* Conduct regular financial analysis of customers within the portfolio, including in-depth review of financial data, assessment of asset values, and evaluation of associated risks.
* Gather additional insight from market sources and internal/external contacts to support credit decisions.
* Set and review customer credit limits at the appropriate approval level, ensuring alignment with each customer’s risk profile.
* Communicate credit decisions clearly to relevant business stakeholders with full supporting rationale.
* Oversee credit management activities for large or complex corporate groups.
* Build and maintain strong working relationships with traders, product and market managers, operators, and back-office teams to support smooth sales operations.
* Maintain regular contact with customers, including engagement with senior management; conduct on-site visits where required and meet financial representatives or board members.
* Support other departments with ad-hoc assessments of the financial standing of potential suppliers or contractors.
* Lead actions when a customer enters administration, ensuring all avenues for recovery of product and outstanding balances are explored; act as the primary contact for Administrators through to case conclusion and share outcomes internally.
* Directly manage one remote team member.
* Provide cover and support to the wider credit team as needed.
Skills and Knowledge Required
Essential Qualifications
* Accounting degree or strong financial background, with a minimum of 3 years’ experience in credit risk management or financial analysis.
* Solid understanding of accounts and accounting standards.
Technical Skills
* Strong knowledge of credit-risk assessment.
* Awareness of regulatory requirements in relevant end-user markets.
* Proficient in SAP and Microsoft Office tools, especially Excel.
* Good command of English; additional languages are an advantage.
* Able to make sound decisions under tight deadlines, often with incomplete information.
Behavioural Skills
* Collaborative team player.
* Maintains strict confidentiality.
* Excellent negotiation and communication skills.
* Persuasive and able to influence effectively.
* Works well under pressure and consistently meets objectives.
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