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Credit Team Lead
London / Hybrid working
In excess of £100,000 + car allowance, bonus and good benefits
This is a newly created role leading a team of 2 within the Credit Team in London for a very reputable business that is experiencing growth. They rarely recruit due to being able to retain their employees for many many years. THey are looking for someone to manage credit relationships, facilitate and support the establishment of credit limits and monitor credit exposure in line with Global Credit Policy.
- Liaison between the different business units and group in the U.S. to establish and manage credit limits to meet business needs.
- Establish credit terms, methods of payment, and agreed level of exposure consistent with policy.
- Obtain and manage payment security as required by Credit Evaluations
- Produce and monitor daily over credit limit report ensuring trading is conducted within approved credit, limit taking appropriate action where required.
- Support Collections, Finance, Marketing and Trading functions to ensure prompt resolution of payment defaults communicate & work closely with business units to mitigate credit risk
- Co-ordinate with customers and banks for required security such as Letters of Credit or Parent Company guarantees.
- Prepare and submit requests for Letters of Credit ensuring all necessary approvals are obtained; monitor draw-down against trade credit facilities with relationship banks.
- Monitor closely the termination of exposure and release of security to ensure that appropriate security is in place as required.
- Maintenance of online or paper Credit Files, with audit trail of Credit approvals, in compliance with agreed SOX processes.
- Maintenance of security held to ensure validity and fit for purpose. Manage doubtful debt provision in respect of customer portfolio. Creation and review of periodic reports upon credit functional performance for treasury management within agreed time format and in line with expectations.
- Escalate analysis and risk issues to other stakeholders in a timely and informative manner.
- Represent Credit Group in both internal and external meetings when and where required.
- Partnering with sales functions to support business opportunities within treasury parameters, managing risk and reward appropriately.
- Raise the condition type for sales and purchase prepayments, in a timely basis, coordinating the other stakeholders when issues on tickets arise.
Requirements
- Ideally 10 years + experience working within Credit
- Experience of working within Oil & Gas ideally, FS candidates may be considered if experience of letters of credit, trade finance and structuring.
- Significant experience of trade finance and letters of credit is essential
- Previous managment experience is essential
- Degree educated or professional credit qualification or equivalent preferred
