Company:

INEOS Olefins & Polymers USA

Interested in joining a winning team? A team whose employees are empowered to make a difference?

ORGANIZATIONAL CONTEXT AND JOB PURPOSE

INEOS Olefins and Polymers USA is one of the largest integrated producers of olefins and polyolefins in North America. From its manufacturing locations at Chocolate Bayou and La Porte, Texas, it is a merchant marketer of butadiene, ethylene, polypropylene, and high-density polyethylene with annual revenue of over $2 billion.

How the Role Fits In:

The Credit Analyst reports to the Credit Manager and works closely with sales personnel, other credit professionals, 3rd party customers, customer account specialists, accounting services, banks, credit reporting agencies, and related chemical industry credit associations.

Internally, works closely with sales, marketing, logistics, accounting, finance and IT.
Externally, works closely with customers, financial institutions and trade associations.

Purpose of Job

The Credit team is responsible for the credit evaluation, credit control, and prompt collection of the entire domestic and international customer accounts receivable portfolio for INEOS Olefins & Polymers operations. The Credit Analyst is responsible for the credit control and prompt collection of an assigned portion of the customer AR portfolio and may also have various degrees of responsibility for the credit risk assessment of their assigned accounts.

The Credit/AR Analyst is the primary link on financial/credit issues between the external customer and internal commercial personnel such as customer account specialists and sales representatives. The Credit Analyst plays a key role in building relationships with customers, order fulfillment and sales personnel to help streamline the order to cash process. The Credit Analyst is a specialist in providing solutions to the many obstacles that are encountered in the order to cash process

RESPONSIBILITIES AND ACCOUNTABILITIES

Works closely with sales and customer service personnel to facilitate the cash payment segment of the order to cash process for their assigned portion of the customer AR portfolio.
Closely monitors accounts receivable and corresponds with customers and/or internal commercial staff to implement appropriate techniques to assure delinquencies are kept at a level consistent with pre-established targets. Assists in efforts to simplify efficient A/R turnover with limited manual interface.
Prepares monthly reports to sales and BU staff and organizes ongoing discussions with staff to help administer efficient OTC process with specified customers. Assist in reporting effort to assure appropriate data and metrics are being circulated throughout the organization in the most efficient manner, providing maximum potential value.
Implement effective shipment control to assure customers stay within designated credit parameters.
Work closely with cash application group to assure cash payments are being accurately applied to customer accounts.
Facilitate dispute resolution and deduction management process to assure discrepancies are being resolved with customers in a manner that is quick, efficient and acceptable to all parties.
Monitor securities (e.g. bank letters of credit) as required.
Evaluate and establish, after necessary approvals, credit limits for new customers or credit recommendations on existing customers based on financial statements and other external data/ sources to model financial stability and ability to pay on time.

SKILLS & KNOWLEDGE REQUIRED

Education/Experience

Bachelors degree in accounting, finance, business administration or 4+ years of equivalent work experience. Advanced degree/education such as MBA or CPA is a plus.
Experience in any/all of the following areas is a plus, but not a strict requirement: commercial credit and collections, financial analysis, accounts receivable, customer relations, SAP, MS applications such as Excel and Access, financial/credit analysis tools such as CreditMaster 2.

Skills/Competencies

A good understanding of financial statements and the ability to interpret commercial credit reports.
Effective communication, creativity and innovation, planning and organizing, teamwork, analytical, accountability, process improvement, initiative, positive attitude

New employees must be fully vaccinated against COVID-19 prior to their start date.

Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance.On our team, people are acknowledged for embracing new practices that help create real value for customers.

Credit Analyst I