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Global Credit Manager

Global Credit Manager

Full Time, Permanent 

Knightsbridge, London 

We’re looking for a Global Credit Manager to join the INEOS Acetyls team. We need highly motivated individuals who want to be part of our growing business. 

INEOS Acetyls is a global chemicals business producing acetic acid and a range of derivatives across Europe, Asia, and America. We’re part of INEOS - one of the largest petrochemical companies in the world, employing around 26,000 people across 194 sites in 29 countries. 

Contribute to an organisation that is the home to some of petrochemicals most innovative and cutting-edge operations, with two world-scale Acetyls plants. The whole chain of chemicals production is managed in Hull from research to manufacturing, logistics and sales, as well as a newly acquired production plant in Texas City in the US.

Be part of our journey to net zero 

Sustainability is at the heart of our business, and we have created a road map to achieving net zero. We’re investing in this sustainable future right now; you could be part of our journey.  

The opportunity  

The Global Credit Manager supports the business in optimising performance by identifying and providing credit information, to effectively manage customer risk and improve accounts receivable levels. Providing input when required to accurately forecast business cash, whilst adhering to the DoA.

What we offer  

  • Competitive salary  
  • Discretionary annual bonus plan   
  • Generous contributory pension 
  • Life assurance 
  • Ongoing career development 
  • Wide range of benefits including discounted private medical insurance, health cash plans and high street discounts 
  • Enhanced maternity and paternity leave  
  • Free on-site gym at both Hull and London
  • Online health and fitness hub for employees, plus friends and family 
  • Employee Assistance Programme offering a wide range of support services including counselling, financial support, legal services – for employees and family.  
  • Cycle to Work Scheme 
  • Volunteering opportunities 

Key accountabilities 

  • Review, develop and implement the global credit processes, policies, procedures and reporting, ensuring they are fit for purpose and aligned with the goals of the business whilst also complying with legislation, business delegations and the credit policy.
  • Define and continually review the credit risk strategy by establishing a matrix across sectors, countries and financial risk.
  • Set and manage the global customer risk management through review of financial results, analysis, recommendation and monitor credit lines to migrate risk using internal and external resources.
  • Provide guidance when necessary to Commercial and Board members on credit options.
  • Oversee the Credit Control to ensure prompt collection of receivables, liaise with Account Managers to address concerns to find solutions for business continuity limiting risk.
  • Oversee the issuance of the monthly performance reports to the Board.
  • Present to Board members the quarterly Credit performance and an update of any other business.
  • Attend customer visits with Commercial to build customer relationships.
  • Ensure Letters of Credit are performed in accordance with the latest UCP regulations and INEOS Acetyls guidelines.
  • Liaise with Commercial and Finance for cash forecasts and represent the businesses on select Credit function initiatives.
  • Oversee the securitisation reporting to Group, ensuring accurate and timely submissions.  
  • Work with INEOS Group financial team to ensure that all Business Unit Credit information meets the needs for internal and external reporting.
  • Provide leadership and coaching to direct report(s) to ensure capabilities are maintained, process improvements are continually achieved, and individual skills are developed to provide the knowledge and skills necessary to ensure high professional standards.
  • Network within the INEOS credit community to manage customers / suppliers to multiple businesses.
  • Periodically perform other financial duties, projects and activities as required by the CFO and Finance Controller.

About you 

Ideally, we are looking for someone who is CICM qualified with a strong financial, analytical and business acumen that translates to thinking commercially in support of continuous business process improvement.

An understanding of security instruments (LCs, Guarantees) is essential along with a deep understanding of fundamental credit drivers and credit exposure. Experience of SAP would be an advantage.

You will be highly independent and results-orientated in order to encourage a culture of high data quality through accuracy, attention to detail, consistency and understanding.

Being pro-active with strong interpersonal and communication skills, with the skill of negotiating both internally and externally is also key to this role.

As you will be leading the Credit Control Function, strong managerial skills are also important, along with the ability to translate ideas into action and gain the respect and cooperation of team members.

There may also be a need to travel to the Americas, Asia and throughout Europe as required.

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