Job Description

Entity: Finance

Job Family Group: Finance Group

Job Summary: Credit and Trade Loan Analyst is responsible for all credit control activities with an aim to deliver business goals, optimizing a balance between credit risk and reward by applying good business judgement. This includes appraising credit risk of new and existing customers, overdue debt management, monitoring credit exposures, legal recovery, reviewing & approving trade loan proposals, review impairment/amortization of loans and provide business support to the BP Sales teams. Position holder need to ensure adherence to local policies and procedures in drive for exceptional customer service, operational excellence and compliance. This position is part of wider GBS Asia organization and is expected to provide back up for other countries in the region to support Credit & Trade Loan agenda.

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Key Accountabilities:

Understand the business and drive execution

• Regular meetings with the business to understand developments in the market, business strategies, customer needs etc.
• Collecting information on credit & trade loan related sales requests, product & process modification, evaluating it from credit risk perspective, making proposals to senior credit management and discussing it with sales stakeholders.

Operations support

• Ensure compliance to the Downstream Credit Policy of all active customers, having a valid credit review in place, an assigned BP risk rating/ CL/ payment terms in the system.
• Managing Credit Risk exposure and Expected Loss Limit to support delivery of business goals through the optimization of the balance between credit risk and reward by applying good business judgement.
• Review and approve Credit Assessments, bad debt provision and write offs within DOA. Escalate those above DOA for approval by providing reasoned recommendations to senior Management.
• Ensure timely approval of blocked order and credit notes within DOA. Monitor, track, and follow-up on customer accounts which are overdue or over their credit limit.
• Develop and maintain professional relationships with key stakeholders - Customers, Legal, Credit Collection teams and external service providers. Conduct monthly meetings with Sales.
• Undertake Credit health checks and external audits as and when required.
• Evaluation of Risk mitigations (securities)
• Ensure Monthly and Quarterly reporting activities are performed in an accurate manner within the assigned deadlines (i.e.: quarterly aggregation ELL at country level)
• Participate in customer visits wherever necessary. Handle customer queries, resolve their disputes and send reminders wherever necessary.
• Perform regular analysis of overdue trends, lead the assessment of root causes, and make suggestions on risk mitigations and overdue improvements.
• Support other team members in GBS and whenever required act as a backup for order release, monthly / quarterly period end close activities for other countries.
• Take lead in Continuous Improvement (CI) projects and Power BI by implementing best practices and look for opportunities in current processes by means of automation and transformation.

Trade Loan Operations support

• Perform regular and event driven Trade Loan evaluations and Customer Due Diligence to understand the financial and commercial prospects of the customer.
• Prepare Financial Memorandum (FM), validate & submit trade loan proposals for approval and ensure that they are aligned with BP financial guidelines (e.g. IRR, Credit Risk, NHF).
• Liaise with cash & banking teams to ensure the payments are issued to the customers as per agreement signed.
• Prepare trade investment agreement, Purchase order, invoice, legal letters and other relevant documents.
• Monitor Trade Loan fulfilment, identify key, strategic or high risks related to trade investments and take actions together with the relevant partners.
• Perform regular review of contracts, identify underperforming contracts and initiate engagement with sales & finance, identify the root cause and drive action plans.
• Perform regular reconciliation between the sub-accounts and the main GL accounts to ensure that account balances accurate.
• Good knowledge of accounting entries related to Trade loans.
• Project Management involvement & support:
• Enable project implementations by supporting project teams and managing the own portfolio.

Essential Experience and Job Requirements

• Bachelor\xe2\x80\x99s degree in business, Finance, Accounting or related field.
• Minimum 4 to 5 years of experience in Finance, Accounting, Credit Assessments, Collections or Financial performance in an international environment.
• Shared service center experience; preferably in oil and gas industry, lubricants industry or similar (eg. paint, chemical, batch processing industry) would be desirable.
• Written and spoken proficiency in English language
• Proficiency in MS Office / JDE/SAP & Power BI

Travel Requirement No travel is expected with this role

Relocation Assistance: This role is not eligible for relocation

Remote Type: This position is a hybrid of office/remote working

Skills: Accounting for financial instruments, Accounting for financial instruments, Accounting policy, Accounting processes and financial systems, Agility core practices, Agility tools, Analytical Thinking, Analytics, Business process control, Business process improvement, Collaboration, Commercial acumen, Commercial assurance for external reporting, Communication, Creativity and Innovation, Credit Management, Curiosity, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Automation, Digital fluency, Financial accounting and reporting, Influencing {+ 5 more}

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, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp\xe2\x80\x99s 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 accommodation related to the recruitment process, please to request accommodations.

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.

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