Credit (Risk) Manager
Our client is an International corporation based in the Heart of London. As Credit Risk Manager you will analyse, continually monitor and review all aspects of credit risk pertaining to the European client portfolio. The role as Manager is to “manage the function” rather than “manage staffs”, and it will cover a broad spectrum of industries including Energy, Metals and Food Commodities; to name but a few.
DUTIES AND RESPONSIBILITIES:
- Credit analysis of new and existing customers using multi tools such as customers’ financial statements, credit reports, internal credit rating system and other independently sourced information;
- Continuous monitoring of credit limits, terms of sale and maintenance of credit accounts within approved limits and terms.
- Research and analyse credit risk data and make reasoned recommendations on credit risk aspects - specific responsibility will be for making recommendations to senior management for credit limits.
- Management of credit insurance.
- Undertake visits to counterparties as appropriate for due diligence purposes.
- Interfacing with company’s partners, both internally and externally in order to obtain credit related information and intelligence.
- Monitor and report credit exposures and condition of accounts.
- Working in conjunction with Senior Management and all trading divisions to develop and maintain credit and risk management practices to reduce/eliminate potential losses.
- Maintain and update Credit manuals as appropriate.
- Maintain on-going risk management education of all trading departments either via structured training sessions, seminars or day to day contact.
- Assist as necessary on the development of risk management systems.
- Manage and report documentation and contract issues to management.
REQUIRED SKILLS AND QUALIFICATIONS:
Essential:
- Broad Credit Risk experience to include trade finance.
- Strong financial analysis skills.
- Professional financial/management education.
- Good verbal and written communication skills.
- Working knowledge of any credit legal issues including export credit and securitisation to substantiate credit exposures.
- Excellent negotiation skills and time management.
- Ability to prioritise work with very high standard of accuracy and attention to detail.
- Good computer skills in Word, Excel and financial modelling.
- Ability to understand working in a multicultural environment, patient and flexible.
Desirable:
- University degree in business/finance/accounting, or analytically based discipline;
- Experience of cross border credit.
- Experience of working closely with credit insurance underwriters.
- Ability to read and understand financial accounts in various European languages and knowledge of accounting terms of German, French, Italian, Spanish, IFRS and US GAAP.
- SAP Knowledge.
- Legal contractual knowledge.
- Good presentation skills including presenting both to senior management and non-management grades.
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