Credit Management - Weybridge, United Kingdom - Reed Finance

Reed Finance

Verified Company

Weybridge, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

Credit Manager

Salary:
£68k - £76k

Weybridge

Office Based

Job Purpose

Responsible for the credit management of the Group, including ensuring suitable credit risk mitigation is in place against trading counterparts, setting limits and analysing risks for larger non-insured customers, monitoring exposures and tracking counterparties.

Scope

The credit manager will be responsible of a debtor book of an average value of £0.5BN at any time across 5 business area's.

The management of 3 credit controllers and the dotted line control of a credit control team for the fuel cards business

Principal Responsibilities

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

Skills/experience required

Credit Manager of 5+ years' experience ideally with an entity with multiple business streams
Management and development of a small team for a minimum of 2 years
A good understanding of Credit Insurance policies, including standard terms & conditions and reporting requirements for such polices
Significant experience of managing the endtoend credit processes in different business lines, including a solid track record of driving change to processes to ensure they remain best in class.
Ability to operate in a fastmoving environment, creating and leveraging strong relationships both internally and externally.

Beneficial Skills and Experience

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

Benefits: