Credit Manager

3 weeks ago


Weybridge, United Kingdom Reed Finance Full time

**Credit Manager**

**Salary: £68k - £76k**

**Weybridge**

**Office Based**

**Job Purpose**

Responsible for the credit management of the Group, ensuring suitable credit risk mitigation is in place against trading counterparts, setting limits & analysing risks for larger non-insured customers, monitoring exposures & tracking counterparties.
Responsible for the administration of the Credit Insurance policies, ensuring internally approved limits match allocated insurance & counterparties trade within approved limits, claims reporting & handling. Given the anticipated growth of the Group the rolewill extend into supporting open credit risk requests from Global offices in London, Houston & Singapore.

**Scope**
Responsible for a debtor book - average value of £0.5BN across 5 business area’s

Manage 3 credit controllers & the dotted line control of a credit control team for the fuel cards business

**Responsibilities**
- Managing the team to ensure that orders for are released in accordance with company policy ensuring that any liability is fully secured
- Monitoring, approval & reporting on open account limits
- Approval of transactions/product releases on a trade-by-trade basis where limit excesses identified
- Ensuring credit exposure monitoring remains fit for purpose & counterparties remain within limits, for a diverse range of counterparties
- UK sales (Retail, Wholesale & Fuel cards) & international divisions (America, Asia & Middle East, Africa & Europe)
- Managing the Administration of Credit Insurance Policies - assessment & approval of Discretionary Limit requests
- Manage Credit insurance policies - notifying of overdue accounts & liaising with our insurance broker to obtain required limits for counterparties
- Claims reporting & handling from an administrative perspective
- Review & approval of potential transactions for credit risk and suggest mitigants and alternative structure to reduce/eliminate credit risk
- Counterparty & industry monitoring for any risks which may impact credit worthiness of counterparties
- The role would develop into analysing counterparty financial performance & producing credit reviews including detailed analysis with a limit recommendation
- Proposing improvements to limit monitoring & approval processes where applicable
- Development of the team - mentoring on credit insurance policies, interaction with the business & personal development

**Experience Required**
- Credit Manager 5+ years
- Management & development of a small team - 2 years min
- Good understanding of Credit Insurance policies - standard terms & conditions & reporting requirements for such polices
- Significant experience of managing the end-to-end credit processes in different business lines - a solid track record of driving change to processes to ensure they remain best in class
- Ability to operate in a fast-moving environment, creating & leveraging strong relationships both internally & externally

**Skills**
- Understanding of physical & financial oil trading
- Ability to assess the creditworthiness of counterparties from analysing financial statements
- Understanding of Commodity Trade Finance products - LC, SBLC, Performance Guarantees
- Understanding of Commercial Insurance policies - standard terms & conditions, such as, Property Damage & Business Interruption, Environmental, Storage, Public & Product Liability

**Benefits**:

- Annual bonus related to performance
- 25 days annual leave
- Pension
- Private Medical
- Gym membership contribution
- Probation 3 months


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