Senior Credit Risk Analyst in Birmingham

Birmingham, we operate a Hybrid working policy and employees are required to be in the Birmingham office a minimum of 2 days per week. Hours Full time Monday to Friday, 37.5 hours a week.

We are seeking to recruit a Senior Credit Risk Analyst to support the business with achieving its enduring Credit Risk strategy, conducting Credit Risk insight into prospective and on-supply business whilst acting to ensure business risk to financial losses is mitigated and managed.

WHAT YOU’LL BE DOING:

The Senior Credit Risk Analyst will take an active role in the ongoing delivery of the Bryt Energy Credit Risk strategy, undertaking credit risk analysis of new business opportunities and customers on supply with the aim of mitigating the risk exposure of Bryt Energy to businesses at risk of nonpayment or future debt and solvency-related challenges. The role will include Credit Check activities, utilising Credit Reference Agency (CRA) data, alongside internal Credit Policy, modelling and own industry insight to conduct thorough, informed decisions, balancing business growth goals whilst ensuring potential loss indicators are understood and managed as appropriate. You will also work with any credit insurance bureaus used by the organisation to support the company’s credit insurance risk strategy.

YOU’LL BE RESPONSIBLE FOR:

• Working within the Customer Operations team primarily responsible for completing credit risk and credit checking-related activities for the B2B customers prospecting with Bryt Energy, and those already supplied.
• Utilising Credit Reference agency data, as well as Financial Statement reviews to conduct decision making outputs for acceptance and rejection of new business opportunities to the business.
• Providing first line support in Credit Risk and Credit Check outcome decisions in informing business Sales output, working to ensure all credit opportunities are reviewed, assessed and decisions provided against appropriate DOA frameworks.
• Utilisation of other non-financial tools (Compliance/HSE, Web Media, Press Events and Wider Industry insight) to inform decision making processes around credit sign off, utilising company systems to provide detailed insight commentary on each decision made.
• Playing a lead role in developing and enhancing the Credit Risk strategy, forming a view of growth and risk sectors and providing frequent insight into wider economic, political, environmental and other risk factors to consider in our market focus strategy.
• Work with the Senior Leadership team in regularly assessing and ensuring the business Credit Risk policy remains appropriately tailored to current market and risk landscape, completing horizon scanning exercises and making recommendations as to policy and risk model changes.
• Ownership of the monitoring and associated activities related to daily credit insight alert and watchlist notifications ensuring risk profiling is frequently re-assessed and understood.
• Work closely with the Finance and Collections departments to ensure high risk movements are captured, understood and appropriate actions communicated, utilising Security Deposit, Guarantees, Credit Insurance and other stipulations to manage risk.
• Management of third-party Credit Insurance engagement and activity, ensuring all required opportunities are accurate, timely and live Credit Insurance policies are tracked against internal billing and payment data to ensure the business remains compliant of Insurance policy requirements.
• Ownership for requesting and managing any credit insurance claims needing to be made.
• Owning oversight for prospective and on supply customers with additional credit stipulations are managed and appropriate communication actions taken, inclusive of Security Deposit, Corporate Guarantee, Credit Insurance, Risk Premia and others are tracked.
• Where actions are required, such as annual review of the Security Deposit retention per Deposit held, proactively communicate between the Customer, Customer Services and Sales to ensure appropriate decisions taken and acted upon in a timely manner.
• Own the development for reporting requirements for Credit Risk insight, inclusive of presentation of key data insight in appropriate internal workstreams, KPI and management forums, as required.
• Holding an advanced Delegation of Authority (DOA) for Credit Risk decision, deputising for the Head of Department and Finance and Customer Operations Directors as required by the business.
• Working within the immediate department and business to develop the current end to end Credit Risk processes, working alongside IT and Project employees to ensure system infrastructure is fit for purpose, processes documented and regular reviews for suitability are conducted.
• Working closely with the Collections departments (in both an internal and external collection capacities) in assistance of insight as to aged debtor credit risk portfolio makeup, working to derive appropriate risk classification and prioritisation is placed against debtor portfolio and assisting in data-led decision making in mitigation of bad debt exposure to the business.
• Contribute to accurate and frequent upkeep of business risk registers, ensuring exposure and gaps are identified, actions for remediation agreed and taking ownership for delivery of actions and outputs as required.
• The role will require direct external client contact as required, inclusive of attending and chairing risk meetings with customers, TPIs and other third parties to better understand financial positioning and to make informed decisions on any risk stipulations or mitigations required.

THE IDEAL CANDIDATE:

What you’ll bring to the team:

• The ability to work effectively cross functionally within all teams across the business.
• Ability to analyse a complex set of business financial statements, accounts and insight to provide informed decisions and output for prospective new business and on supply customers.
• Ability to consider and balance the needs of the Business whilst putting the Customer at the heart of everything that we do.
• A real self-starter with a forward-thinking approach and enthusiastic nature.
• Ability to act independently and proactively.
• Flexible hands-on and structured approach, and with high personal integrity.
• Confidence in problem solving with a strong attention to detail, whilst working within company and regulatory guidelines.
• Curious nature, utilising different insight mediums to determine risk appetite and approach.
• Exceptional internal and external stakeholder management skills are required to embrace the existing Bryt Energy culture and be an effective member of the department and the business.
• Have a passion for the delivery of high-quality customer service throughout the customer journey.

Education and Training:

• Experience of working with both direct B2B supply customers and Third-Party Intermediaries (TPIs) in support of business aims is essential.
• Have 3+ years of experience in Credit Risk analysis or a similar analytical role.
• Experience of operating at a senior credit risk analyst level is desirable.
• A working knowledge of the B2B electricity market and the regulatory guidelines which suppliers are required to work within would be beneficial.
• A 2:1 or above qualification in relevant degree field (Accounting, Finance, Mathematics are preferred) would be beneficial.
• Experience of working with third-party Credit Reference Agencies (CRA) is required.

Abilities and Skills:

• Advanced numerical, deterministic and written acumen and skills are required for the role.
• Competent working with Excel, PowerBi and other reporting and modelling software to an intermediate level.
• Ability to understand and interpolate complex financial data.
• Comfortable in reading of, understanding and making recommendations based on complex financial reporting data.
• A flexible and adaptable approach, able to balance changing priorities and workloads.
• Demonstrate and embody Bryt Energy’s culture and Way of Working in everything that you do.

THINK YOU’VE GOT WHAT IT TAKES?

To find out more about this role and to apply, please visit here.