Credit Analyst - CIL

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At bp, we're reimagining energy for people and our planet. We have a bold ambition be a net zero company by 2050 or sooner, and help the world get to net zero. Creating a more efficient business that makes the best use of its resources is a critical part of getting there. We're equipping our GBS centres with curious leaders who can inspire and lead the transformation of our processes through innovation with a digital-first attitude

Beyond being an expert in your field, one who can take a comprehensive, global & regional view of what's possible in the space of digital solutions and turn them into exciting new directions. More importantly, you will be capable of leading the team towards delivering successful outcomes, starting with a constant emphasis on developing its future-focused capabilities. Your passion for encouraging a culture of curiosity, creativity and collaboration will be the key to bringing it all together

Job Purpose:

The Credit Analyst position holder will be accountable to handle end to end risk assessment and credit management process, support delivery of business goals through optimisation of the balance between credit risk /reward judgement and handling debt / exposure effectively by being compliant to Customer & Products credit policy.

Incumbent will be having complete ownership to approve credit limits within DOA and advance those above DOA for approval by presenting and providing reasoned recommendations / insights to the senior Management.

Key Accountabilities

• Understand the business and drive execution:

Accountable for controlling and monitoring all credit analysis/assessment activities related to 3rd party debts for direct customers. Work closely with Collection team to handle exposure against defined credit limits and providing accurate and timely reporting to the management.

Regular meetings with the business and deliver Credit excellence by being involved in the developments of the market, the business strategies, customer needs etc.

Contributes to collecting information on credit related sales requests, product and process modification, evaluating it from credit risk perspective, making proposals on implementation to senior credit management and discussing it with sales customers

Ensure business partnering, take ownership by being accountable for end-to-end process.

System Support and knowledge: Understand related ERP systems and support ERP enhancements and developments.

• Operations support:

Review compliance to the Customer & Products Credit Policy of all active customers, having a valid credit review in place, an assigned BP risk rating/ CL/ payment terms in the system

Liaise with Sales, Legal, Credit Collection teams and Cash collection companies

Prepare Credit Assessments, bad debt provision and write offs within DOA

Ensure timely approval of blocked order and credit notes within DOA

Undertake Credit health checks

Drive CI & Standardisation across all Customer Credit, Cash Collection processes within GBS scope.

Evaluation of Risk mitigations (securities)

Ensure Monthly and Quarterly reporting activities are performed in an accurate manner within the assigned deadlines (i. e. : quarterly aggregation ELL on country/Cluster/Global level)

Participate in customer visits on an adhoc basis.

Perform regular analysis of overdue trends, lead the assessment of root causes and make suggestions on risk mitigations and overdue improvements

Monthly management reporting

Handling ad hoc audit queries

Maintain and update pricing data for special products, promotional items, and customer-specific pricing.

Handle special pricing requests from sales teams ensuring prompt and accurate updates.

Ensure all pricing updates align with company policies

target definition, implementation, and delivery.

Ensure an effective resource management and backup structure is in place

Education, Experience

• Bachelor's Degree or equivalent experience in Business, Finance, Accounting, or related field. Professional Chartered Accountants are preferred.

• This is an individual contributor role with 5-7 years of experience with strong credit management background in banking, financial services, or a blue-chip corporate credit environment

• Basic Finance, Accounting, Performance Management experience in an international / MNC environment.

• Shared service centre experience; preferably in oil and gas industry, lubricants industry or similar (eg. paint, chemical, batch processing industry) would be desirable.

• Proficiency & experience in MS Office, Power BI, SAP & JDE

Technical Competencies:

• Understands financial and accounting information, both published and internal. Aware of the principles and standards on which accounts are based and able to apply this knowledge in the workplace - Proficient

• Ensuring that BP's internal control remains effective through compliance with internal requirements via the application of controls and due diligence processes across all business activities. Understands what effective control means in the BP context, the main control elements that need to be in place and how it's application can lead to the provision of the required level of financial assurance - Intermediate

• The ability to monitor and constructively challenge business performance to meet or exceed plan targets through the development, implementation, and maintenance of rigorous performance management processes. The ability to collaborate with others to develop performance contracts which link individuals to organisational objectives, focusing in-year business performance conversations on next actions to be taken. The ability to provide performance or forecast data that meets the business needs which is relevant, complete, accurate and timely - Proficient

• Applying processes and systems that provide for effective internal control, financial field and efficient service, both from within the Function and through outsourced partners. Ability to communicate effectively and work collaboratively with IT&S - Foundation.

• Managing projects and related organisational change to ensure optimal use of resources and achieve objectives within schedule and budget. Contributing to the delivery of projects by applying financial control and accounting skills to the project financials and monitoring performance measurements - Intermediate

Travel Requirement

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