Credit Accounting Services Manager

Company:

Grade: 36

Salary Range: Starting at $130,000 (commensurate with experience)

Organizational Context and Job Purpose

Organizational Context:

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. It comprises 29 businesses each with a major chemical company heritage. Its production network spans 154 sites in 27 countries throughout the world.

INEOS products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world. Our businesses produce the raw materials that are essential in the manufacture of a wide variety of goods: from paints to plastics, textiles to technology, medicines to mobile phones - chemicals manufactured by INEOS enhance almost every aspect of modern life.

The INEOS Oligomers division includes a wide range of products ranging from LAO, PAO and PIB to Specialty Oligomers, iso-paraffines, cyclopentane and isoamylene which are made in Europe and in the Americas and sold worldwide. 

Purpose of the job:

The Credit/Accounting Services Manager is responsible for the cash collections and disbursements of the Oligomers and Gas/Spec businesses and the forecasting and reporting thereof.  The Credit/Accounting Services Manager must optimize cash collections by identifying and providing credit information that enables effective management of customer risk while proactively communicating with customers to ensure outstanding receivables are received in a timely manner. Cash disbursements must be accurate, completed in accordance with terms in accordance with the delegation of authority.

This role will report to the Global Controller.

Environment/Context:

• Number of invoices issued, and customer payment timing are the most critical factors.

• Reports from credit rating agencies and information received from customers are used as the basis for determining credit limits.

• Establishment of good relationships with internal customers is necessary to ensure timely receipt of required information,

• Number of vendor invoices processed

Responsibilities and Accountabilities:

The Credit/Accounting Services Manager is also responsible for the financial activities of the Gas/Spec business. The financial activities include providing financial analysis, annual plans, management and tax reporting, forecasting, and results communication. The role identifies and recommends opportunities to improve financial performance and attain overall business targets. 

This role will liaise closely with the European Credit counterpart and provide global risk assurance and credit reporting for the global customer base.  Networking with the other INEOS Credit Managers will also be required to fully understand / manage customers supplied by multiple INEOS businesses.

The Credit/Accounting Services Manager interacts frequently with the business controller, sales & marketing, customer service and treasury.

This role affords high visibility with Oligomers Board and extended leadership team through issuance of credit and sales reports and responding to any queries on the report or any credit issue.

The role also works with CFO, CEO and Chairman to obtain approvals for customer credit limits.

The role also includes posting of intercompany sales invoices from Joffre site, issuance of monthly sales reports, administration of insurance program and administration of third-party bank loan.

Duties also include:

• Review, analyze, and communicate customer credit risk and financial results
• Issue monthly credit performance reports (accounts receivable aging reports and high-risk accounts)
• Provide ad hoc customer analysis and customer risk profiles
• Perform collection activities for the Oligomers and Gas/Spec businesses
• Maintain cash balances in accordance with targets
• Cash disbursements are made in a timely and accurate manner
• Cash forecasts are issued in a timely and accurate manner
• Securitization reports are issued in a timely and accurate manner
• Represent the business on select Control function initiatives and team
• Support the overall cash operations of the global business
• Provide support for audits
• Post intercompany sales from Joffre site
• Issue monthly sales reports
• Maintain sound control processes
• Provide and disseminate insurance information
• Ensure bank loan payment/required reporting is done on a timely basis
• Daily cash log for global Oligomers and Gas/Spec bank accounts updated daily

Skills & Knowledge Required

Level of education & experience in general:

• BA or BS in Accounting, Finance, Economics or related
• CPA or MBA degree preferred
• 10 years of related experience

Technical skills:

• Advanced level of proficiency with MS Office products and SAP
• Experience with SAP R4/HANA preferred
• Strong financial and business acumen that translates to thinking commercially in support of continuous business process improvement
• Good understanding of budgeting and variance analysis

Behavioral skills:

• Excellent teamwork and interpersonal skills across all levels and organizational boundaries.
• Strong planning and organizing skills with an ability to manage several projects simultaneously.
• Ability to perform the assignment in an independent, self-directed manner 
• Strong analytical skills
• Ability to identify and respond to stakeholder needs
• Willingness to learn and to assist others to learn, both within the team and with other contacts within the business.
• Ability to translate ideas into action and gain the respect and cooperation of team members
• Ability to think strategically/innovatively to uncover new opportunities.

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.