M&C and Midstream Europe Credit Manager

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As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we're home to a range of brands across many areas of our industry.   We're investing in today's energy system and helping build out tomorrow's.  So while we're still in oil and gas, over the next decade we'll become a different kind of energy company. We're decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too - working across our industry to improve people's lives.  

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you'll be fully connected into the world of bp. You'll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the world. And it starts with you. There's a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we're with you.

Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better - and how you can play your part in our extraordinary team?

Join our Budapest Finance Team and advance your career as

M&C and Midstream Europe Credit Manager

The role holder identifies sector and country trends associated with credit risk and supports business leaders on the course of the action, liaises with the country operational teams on credit questions and develops the organizational and people capability that will enable BP to continuously contend and excel in handling credit. As a subject matter expert, they also ensure sustainability of systems solutions.

In this role You will:

• Owner of credit policy delivery for C&P within M&C ESA and also hosting for all of ESA geography; M&C, refining and midstream
• Handling credit risk for this high-risk portfolio with unsecured exposure > $5billion
• Ensuring visibility of the risk in the M&C and FS&M Europe portfolio, through accurate risk assessment, timely reviews, and supervising risk between reviews.
• Very high interaction with the different businesses withing M&C and FS&M.
• Ensuring understanding and compliance of Group Credit Standard in M&C and FS&M Europe.
• SPA to deliver compliance of Group Credit Standard.
• Defines the European BP Credit Management Framework to support operations in Europe, ensuring of operability with Global Business Service Center. Leads European credit management process, cascading responsibilities within BP to ensure coverage and compliance of the Credit Risk Management framework.
• Supports the credit strategy for BP in Europe and applies this to support appropriate risk vs reward decision-making.
• Establishes the Europe Credit agenda with the support of Country Credit Managers to ensure that Credit Risk is handled in Europe in compliance with the Group Credit Policy and Group procedures and to meet business objectives. On behalf of the VP Finance, drives its implementation.
• Support Business teams to find solutions in sophisticated cases and in contracting mitigations.
• Requesting and supervising effective and enforceable mitigation where appropriate, by customer and portfolio
• Communicating the portfolio credit risk to M&C and FS&M Finance VP monthly, ensuring all teams are compliant and operating within BP's risk appetite. This includes, but not limited to; customer watchlisting, checking overdue items, over credit limits and bad debt reporting.
• Holder of a credit authority of 50 million US-Dollar.

What You will need to be successful:

• Educated to a university degree level or equivalent experience in Accounting or Finance
• Proficiency in English
• Professional examinations or certificate in financial accounting (e. g. CINA/CPA/ACCA/CPA) desirable
• Experience of systems implementation on the Business side in a leading role
• Proven capability to work and network across different functions
• More than 5 years of confirmed experience in Credit Management and proven experience working in multicultural and geographically extended settings
• Ability to step in and lead in a crisis context
• Strong analytical skills
• Good understanding of Business context, drivers and levers, of customer needs
• Works independently and can focus effort and prioritize work to deliver value

At bp, we provide the following environment & benefits to you:

• Different bonus opportunities based on performance, wide range of cafeteria elements
• Life & health insurance, medical care package
• Flexible working schedule:
  home office up to 2 days / week, based on team agreement
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• Family friendly workplace e. g. :
  Extended parental leave, Mother-baby room
• Employees' wellbeing programs e. g. :
  Employee Assistance Program, Company Recognition Program
• Possibility to join our social communities and networks
• Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e. g. :
  Play Zones, Office massage, Sport and music equipment

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

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Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status.