Credit Analyst

Credit Analyst

Full-Time 35000 - 45000 £ / year (est.) No home office possible
INEOS

At a Glance

  • Tasks: Chase payments and support credit analysis for a global manufacturing leader.
  • Company: Join INEOS, a top player in petrochemicals with a collaborative culture.
  • Benefits: Enjoy competitive salary, bonuses, generous leave, and career development.
  • Other info: Flexible work options and a supportive team atmosphere await you.
  • Why this job: Make a real impact in a dynamic environment while developing your finance skills.
  • Qualifications: Degree in Finance or Business, plus 2 years' experience in a similar role.

The predicted salary is between 35000 - 45000 £ per year.

About Us

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. With an overall turnover of about 55 $Bn and 25,000 employees who have spent most of their working lives in the oil and chemical industry, INEOS operates a large set of production units, on 173 sites in 30 countries. INEOS Nitriles is the world’s largest producer of Acrylonitrile, a vital chemical used in the manufacture of countless everyday products. We operate three major production facilities—two in North America and one in Europe—supported by a global network of terminals that enable us to supply customers in every region.

Interested in joining a winning team? A team whose employees share in the ownership of the business and are empowered to make a difference?

Purpose of the job

The Credit Analyst supports the business in optimizing accounts receivable levels, by proactively chasing and recovering payments from domestic and international customers whilst providing credit analysis and administration support necessary for the day‑to‑day functioning of the Credit Department.

Key Accountabilities

  • Champions the INEOS 20 Safety Principles.
  • Proactive and timely chasing of global debt in order to ensure prompt collection of receivables.
  • Liaise with global Customer Service Representatives and Account Managers to address customer queries & concerns in order to find solutions or progress to appropriate channels.
  • Maintain up to date global chasing logs and provide daily aged debt reports to Global Credit & Compliance Manager.
  • Organize and take lead of weekly US debt conference call ensuring adherence to procedures.
  • Provide weekly debt recovery updates to Commercial.
  • Enable debt recovery through customer virtual portals as required and manage debt collection through the portals.
  • Prepare LCs for review in accordance with the latest UCP regulations & INEOS Nitriles guidelines and maintain LC Schedules.
  • Assist with month end reports and provide debt collection statistics when required.
  • Propose improvements to the collection process.
  • Provide payment remittances for accurate allocation of incoming payments, organize refunds and ensure all payments are allocated promptly.
  • Obtain customer financials through internet research, complete data entry as directed on Excel and forward recommendations to the Credit Manager.
  • Support prompt order release by prioritizing chasing of invoices according to daily order release report & notification of proforma payment receipts.
  • Provide ad‑hoc support required by the Global Credit & Compliance Manager.
  • Provide cover in the absence of Global Credit & Compliance Manager with appropriate tasks especially LCs & prompt release of orders on Credit hold in accordance with the current DOA.
  • Assist with various Accounting, Reporting and Treasury topics on an ad‑hoc basis.

Required Profile

  • University degree - Finance or Business Studies preferable and/or CICM (Chartered Institute of Credit Management) qualification or working towards level 3 or 5 diploma desirable.
  • Minimum 2 years' experience in a similar role.
  • Strong telephone technique in negotiating payments with customers and other stakeholders effectively and persuasively in order to achieve the required result in a professional manner.
  • Clear and professional correspondence handling ability.
  • Target driven and self‑motivated.
  • Ability to maintain good attitude under pressurized circumstances.
  • Pro‑active and have strong interpersonal and communication skills to resolve issues efficiently.
  • Dependable and flexible to departmental needs / team player.
  • Aptitude to identify and respond to stakeholder needs.
  • Good organizational skills with flexibility to meet deadlines.
  • Competent Excel skills / AI focused on obtaining maximum efficiencies via internet tools available.

What We Offer

  • Competitive salary
  • Discretionary annual bonus plan
  • Generous contributory pension
  • Life assurance
  • 25 days annual leave, plus bank holidays with option to buy extra annual leave and flex 5 of these bank holidays.
  • Ongoing career development
  • Wide range of benefits including discounted private medical insurance, health cash plans and high street discounts
  • Enhanced maternity and paternity leave
  • Employee Assistance Programme offering a wide range of support services including counselling, financial support, legal services – for employees and family.

Credit Analyst employer: INEOS

At INEOS, we pride ourselves on being an exceptional employer, offering a dynamic work culture that empowers our employees to make impactful contributions. With competitive salaries, generous benefits, and a strong focus on career development, we ensure that our team members thrive both personally and professionally. Located in a global network of production facilities, our Credit Analysts play a crucial role in optimising accounts receivable while enjoying the support of a collaborative environment that values safety and innovation.
INEOS

Contact Detail:

INEOS Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Credit Analyst

✨Tip Number 1

Network like a pro! Reach out to current or former employees at INEOS on LinkedIn. A friendly chat can give us insider info and maybe even a referral, which can really boost our chances.

✨Tip Number 2

Prepare for the interview by researching INEOS and its operations. Knowing about their production facilities and global reach will show that we’re genuinely interested and ready to contribute.

✨Tip Number 3

Practice our negotiation skills! Since the role involves chasing payments, being able to demonstrate effective communication and persuasion techniques during interviews will set us apart.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed and shows that we’re keen on joining the INEOS team.

We think you need these skills to ace Credit Analyst

Credit Analysis
Accounts Receivable Management
Debt Collection
Customer Relationship Management
Financial Reporting
Negotiation Skills
Communication Skills
Organisational Skills
Excel Proficiency
Problem-Solving Skills
Attention to Detail
Team Collaboration
Adaptability
Proactive Approach

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Credit Analyst role. Highlight relevant experience and skills that match the job description, like your ability to chase payments and manage customer queries. We want to see how you can make a difference at INEOS!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background in finance or business studies makes you a great fit. Don’t forget to mention your proactive approach to debt recovery!

Showcase Your Communication Skills: As a Credit Analyst, strong communication is key. In your application, give examples of how you've effectively negotiated payments or resolved customer issues in the past. We love seeing candidates who can handle correspondence professionally!

Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy and ensures your application goes straight to the right people. Plus, we can’t wait to see what you bring to the team!

How to prepare for a job interview at INEOS

✨Know Your Numbers

As a Credit Analyst, you'll be dealing with financial data all the time. Brush up on your Excel skills and be ready to discuss how you've used data analysis in previous roles. Be prepared to share specific examples of how you’ve optimised accounts receivable or improved collection processes.

✨Showcase Your Communication Skills

This role requires strong interpersonal skills, especially when negotiating payments. Practice articulating your thoughts clearly and professionally. You might even want to role-play common scenarios where you’d need to handle customer queries or concerns effectively.

✨Demonstrate Proactivity

INEOS values proactive team members. Think of instances where you took the initiative to solve a problem or improve a process. Be ready to discuss how you can apply that same proactive approach to chasing debts and supporting the Credit Department.

✨Understand the Industry

Familiarise yourself with the petrochemical industry and INEOS's position within it. Knowing about their products and market dynamics will help you tailor your responses and show genuine interest in the company. It’ll also give you an edge when discussing how you can contribute to their success.

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