Team Lead, Credit

Basic Function

Supervision of 2 (Senior) Credit Analysts in managing credit relationships, facilitate and support the establishment of credit limits and monitor credit exposure in line with Global Credit Policy.

Primary Accountabilities/Responsibilities

• Supervision and oversight of 2 (Senior) Credit Analysts
• Liaison between International Commercial, UK Marketing, Coke Marketing, Renewables, Origination business units and Credit Evaluations group in the U.S. to establish and manage credit limits to meet business needs.
• Work with International Commercial, UK Marketing, Coke Marketing, Renewables, Origination business units to 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 on behalf of P66L.
• Prepare and submit requests for Letters of Credit ensuring all necessary approvals are obtained; monitor draw-down against trade credit facilities with relationship banks.
• Support the issuance of payment security on behalf of P66Co and P66IT on an ad hoc basis if necessary.
• 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.

Long Description

• Hold the legal right to live and work in the UK on a permanent basis without restrictions or meet the relevant criteria for employer sponsorship.
• Degree in Finance or other related discipline
• Previous supervisory experience preferred.
• Professional Credit qualification preferred.
• Knowledge of structured credit tools
• Good working knowledge of SAP
• Breadth of Finance experience, including working with a business and analytical experience or recognised accounting qualification.
• Strong analytical skills and ability to respond to internal and external customer requests and translate opportunities into commercial value for P66.
• Must maintain a high level of accuracy with attention to detail.
• Willingness to make independent credit decisions within defined authorities.
• Willingness and ability to escalate issues in a timely manner.
• Rigorous & well organised – attention to detail.
• Controls focus. Well-developed communication skills – written for credit proposals.
• Ability to work upon a diverse range of tasks and to prioritize effectively to ensure that functional goals are achieved.
• Good team player: ability to work both independently and collaboratively in a team.