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For Companies At a Glance
- Tasks: Manage credit risk assessments and support sales with financial insights.
- Company: Join INEOS, a leading global manufacturer in petrochemicals and specialty chemicals.
- Benefits: Competitive salary, bonus, and comprehensive benefits package.
- Other info: Opportunity to work in a professional pan-European credit organisation.
- Why this job: Make impactful decisions in a dynamic environment while collaborating with diverse teams.
- Qualifications: Accounting degree and 3 years' experience in credit risk management required.
The predicted salary is between 50000 - 65000 £ per year.
Hours: 37.5 hours per week
Location: Knightsbridge, London - office based
Salary: Competitive + bonus + benefits package
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. As one of the INEOS Business Units, INEOS Olefins and Polymers Europe (O&P EU) is the largest olefin producer in Europe and one of the largest Polyolefin suppliers. With 14 Polyolefin manufacturing units and 3 million tons of capacity, we produce the full range of Polyethylene and Polypropylene, which can enhance many aspects of our life today. Those polymers are specifically tailored to provide high value solutions to selected customers in our targeted market segments.
The Role
As a Credit Manager you will join a professional pan-European credit organization hosted by O&P Europe but responsible for providing credit support services to the other parts of the business, including INEOS Trading & Shipping. This role is responsible for credit risk assessment of the customers and markets within the portfolio and provides recommendations to sales/business functions and management around risk, credit terms and credit limits for customers within the portfolio.
Responsibilities and Accountabilities
- Ensure full compliance with credit control policies and procedures in line with business requirements.
- Deliver timely, accurate credit risk assessments to minimise business exposure, including financial analysis using the most up-to-date information.
- Conduct regular financial analysis of customers within the portfolio, including in-depth review of financial data, assessment of asset values, and evaluation of associated risks.
- Gather additional insight from market sources and internal/external contacts to support credit decisions.
- Set and review customer credit limits at the appropriate approval level, ensuring alignment with each customer’s risk profile.
- Communicate credit decisions clearly to relevant business stakeholders with full supporting rationale.
- Oversee credit management activities for large or complex corporate groups.
- Build and maintain strong working relationships with traders, product and market managers, operators, and back-office teams to support smooth sales operations.
- Maintain regular contact with customers, including engagement with senior management; conduct on-site visits where required and meet financial representatives or board members.
- Support other departments with ad-hoc assessments of the financial standing of potential suppliers or contractors.
- Lead actions when a customer enters administration, ensuring all avenues for recovery of product and outstanding balances are explored; act as the primary contact for Administrators through to case conclusion and share outcomes internally.
- Directly manage one remote team member.
- Provide cover and support to the wider credit team as needed.
Skills and Knowledge Required
Essential Qualifications
- Accounting degree or strong financial background, with a minimum of 3 years’ experience in credit risk management or financial analysis.
- Solid understanding of accounts and accounting standards.
Technical Skills
- Strong knowledge of credit-risk assessment.
- Awareness of regulatory requirements in relevant end-user markets.
- Proficient in SAP and Microsoft Office tools, especially Excel.
- Good command of English; additional languages are an advantage.
- Able to make sound decisions under tight deadlines, often with incomplete information.
Behavioural Skills
- Collaborative team player.
- Maintains strict confidentiality.
- Excellent negotiation and communication skills.
- Persuasive and able to influence effectively.
- Works well under pressure and consistently meets objectives.
Credit Manager employer: INEOS
Contact Detail:
INEOS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and don’t be shy about letting people know you’re on the hunt for a Credit Manager role. You never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by researching INEOS and understanding their credit policies. Show them you’re not just another candidate; demonstrate your knowledge of their operations and how you can add value to their credit management team.
✨Tip Number 3
Practice your negotiation skills! As a Credit Manager, you’ll need to communicate effectively with various stakeholders. Role-play common scenarios with a friend to build your confidence and refine your approach.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Credit Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Manager role. Highlight your experience in credit risk management and financial analysis, and don’t forget to showcase your accounting degree or relevant qualifications. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role and how your background can benefit us at INEOS. Be sure to mention any specific experiences that relate to the responsibilities outlined in the job description.
Showcase Your Technical Skills: We’re looking for someone proficient in SAP and Excel, so make sure to highlight your technical skills in your application. If you have experience with credit-risk assessment tools or regulatory requirements, include those too – they’ll set you apart from the crowd!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at INEOS!
How to prepare for a job interview at INEOS
✨Know Your Numbers
As a Credit Manager, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you assess credit risk. Prepare examples of past analyses you've conducted and the outcomes they led to.
✨Understand the Business
Familiarise yourself with INEOS and its operations. Knowing about their products and market segments will help you tailor your responses. Show that you understand how credit management fits into the broader business strategy.
✨Prepare for Scenario Questions
Expect questions that put you in real-life situations, like assessing a risky customer or handling a complex corporate group. Think through your approach to these scenarios and be ready to explain your thought process clearly.
✨Build Rapport
Since this role involves collaboration with various teams, practice building rapport during the interview. Be personable and show your communication skills. Highlight any past experiences where you successfully worked with cross-functional teams.