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For Companies At a Glance
- Tasks: Chase and recover payments while providing credit analysis support.
- Company: Join INEOS, a global leader in petrochemicals with a collaborative culture.
- Benefits: Competitive salary, annual bonus, generous leave, and career development opportunities.
- Other info: Flexible work environment with a focus on employee well-being and support.
- Why this job: Make a real impact in a dynamic environment with a winning team.
- 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 in Newton Aycliffe employer: INEOS
Contact Detail:
INEOS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Analyst in Newton Aycliffe
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at INEOS or similar companies. A friendly chat can sometimes lead to job opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by researching common questions for Credit Analysts. We should also brush up on our negotiation skills since you'll be dealing with payments and customer queries.
✨Tip Number 3
Show off your Excel skills! Since the role requires good organisational skills and data handling, we should be ready to demonstrate our proficiency during interviews or assessments.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the INEOS team.
We think you need these skills to ace Credit Analyst in Newton Aycliffe
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 effectively.
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 for INEOS.
Showcase Your Communication Skills: Since this role involves liaising with customers and stakeholders, demonstrate your strong communication skills in your application. Use clear and professional language to reflect your ability to handle correspondence effectively.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and keep track of it, so don’t miss out on this opportunity!
How to prepare for a job interview at INEOS
✨Know Your Numbers
As a Credit Analyst, you'll be dealing with financial data daily. Brush up on your financial analysis skills and be ready to discuss how you've optimised accounts receivable in the past. Prepare specific examples of how you’ve successfully chased payments or improved collection processes.
✨Master the Art of Communication
Strong interpersonal skills are key for this role. Practice articulating your thoughts clearly and professionally. Think about how you would handle customer queries or negotiate payments, and be prepared to role-play these scenarios during the interview.
✨Show Your Proactivity
INEOS values proactive team members. Come prepared with ideas on how you could improve their collection processes or enhance communication with customers. This shows that you're not just looking to fill a role but are genuinely interested in contributing to the team's success.
✨Excel at Excel
Since the job requires competent Excel skills, make sure you’re comfortable discussing your experience with spreadsheets. Be ready to talk about any advanced functions you’ve used, like VLOOKUPs or pivot tables, and how they’ve helped you in previous roles.