Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably in is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

About the role

The Credit and Trade Loan Analyst is accountable to perform credit assessment and trade loan activities by calculating and evaluating trade loans, preparing and submitting credit and trade loan evaluations for authorizations, evaluating, monitoring and reporting trade finance performance. Credit and Trade loan Analyst is also accountable to perform credit analyzes for the designated customers portfolio to ensure trade debtor balances are tightly controlled and credit risk appraisal of new and existing customers is carried out adhering to the Credit Policy. The job holder should have a deep understanding of Castrol Credit Policy & Trade Loan policies and of the relevant systems and tools and manage/balance diverse demands from Partners within multiple countries. The Credit and Trade Loan Analyst has a strong influence to enable business with the customers at all and/or to reach strategic goals in trade investments.

Key Accountabilities

Perform regular and event driven Credit Assessments and Trade Loan evaluations based on the Credit Policy, Trade Loan Policy, and BP DoA by:

• Perform Customer Due Diligence to understand the financial and commercial prospects of the customer
• Work together with sales to collect the vital financial documents from the customer for a timely evaluation of their creditworthiness
• Prepare, validate & submit trade loan proposals with credit appraisal for approval and ensure that they are aligned with BP financial guidelines (eg IRR, Credit Risk, DoA)
• Prepare high quality Credit Assessments, Authority to Negotiate (ATN) and Financial Memorandum (FM), submit for approval and ensure documentation in an appropriate manner
• Review and ensure that Trade Loan and Credit Risk data in local ERP and other relevant systems is accurately set up
• Use personal judgement and initiative to develop effective and constructive solutions to challenges in trade loan evaluation, credit risk and performance management
• Investigate, plan and implement strategically effective and relevant methods to improve the deals and meet customer expectations
• Define the overall need and type of securities, coordinate with sales, verify customer and/or banks details on securities
• Take decision to block/ unblock customers from delivery
• Monitor customer’s portfolio regarding alerts, take the vital actions to avoid bad debts
• Proactively lead calls across different functions to ensure risk taken is counterbalanced by profitable return
• Regular meetings with the business to be involved in the developments on the market, the business strategies, customer needs etc.

Trade Loan and Credit Exposure Management, Monitoring, Forecasting

• be able to identify key, strategic or high risks related to trade investments and take actions together with the relevant partners.
• Evaluate and articulate the underlying delivery of actuals vs. the target (volume and Gross Margin) on a monthly basis and take action as per the Contract.
• Monitoring of credit exposure versus credit limit, delivery of KPI’s
• Take full ownership of the assigned Trade Loan and Credit portfolio, take part in decision making from commercial point of view together with partners (Sales, Finance & Credit management).

Understand the business and drive execution by

• keep close contact to sales by attending and/or organizing regular meetings on Trade Loan and Credit Assessment reviews and be a business partner to balance the risk and enable the business
• Resolve internal & external queries and issues

Reporting by

• Perform various regular reporting activities and ad hoc reporting’s in an accurate and timely manner; Reconcile and validate Trade Loan accounts and be able to analyze and explain Trade Loan P&L impact.

Partner management with all relevant people inside or outside of Credit cross FBT and cross business

Compliance with the relevant Trade Loan and Credit Policy, and QMS/EMS systems in FBT.

Identify risks / issues and mitigation plan related to Credit and Trade Loan processes.

Look for opportunities of operational improvements and drive the implementation

Requirements

• University Degree preferred (in Economics or related fields) or other Graduation in Economics
• Fluency in English
• Broad credit analysis knowledge
• Customer Relationship management, Accounts Receivable, Cash Collection or Credit Management, experience in an international environment
• Credit management background gained in banking, financial services, or a blue-chip corporate credit environment
• Able to deal with sophisticated situations while maintaining the right balance of customer and business focus
• Able to produce consistently high-quality information within tight deadlines

Why join our Team?

We support our people to learn and grow in a diverse and ambitious environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.

Reinvent your career as you help our business meet the challenges of the future. Apply now!

Travel Requirement

No travel is expected with this role

Relocation Assistance:

Relocation may be negotiable for this role

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analytical Thinking, Business process control, Commercial Acumen, Credit Management, Customer centric thinking, Digital Fluency, Financial Reporting, Internal control and compliance, Negotiating, Risk Management, Stakeholder Engagement

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.