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Credit & Trade Loan Analyst

Credit & Trade Loan Analyst

  • Location India - Maharashtra - Pune
  • Travel required Yes - up to 10%
  • Job category Business Support Group
  • Relocation available Yes - Domestic (In country) only
  • Job type Professionals
  • Job code 133306BR
  • Experience level Intermediate
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Job summary

Responsible for coordinating activities of a team to support the delivery of a range of business activities, driving consistency in terms of commercial deliverables and requirements, ensuring full compliance with all relevant standards and agreements, and providing business oversight and operational assurance.

Key Accountablities

    • Regular meetings with the business to understand developments in the market, business strategies, customer needs etc.
    • Contributes to collecting information on credit & trade loan related sales requests, product and process modification, evaluating it from credit risk perspective, making proposals to senior credit management and discussing it with sales stakeholders.
  • Credit Operations support:
    • Ensure compliance to the Customer & Products Credit & Trade Loan 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 optimisation 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.
    • 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, perform 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 compliant with BP financial guidelines (eg 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 stakeholders.
  • Evaluate and articulate the underlying delivery of actuals vs. the target (Volume and Gross Margin) monthly and take necessary actions as per the Contract.
  • Perform reconciliation between the sub-accounts and the main GL accounts to ensure that the account balances are valid and correct.
  • In-depth knowledge of accounting entries related to end-to-end Trade loan activity’s
  • Perform regular review of underperforming contract and take accountability to initiate engagement with sales & finance, identify the root cause and solutioning

Education and Experience
  • Bachelor’s 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 centre 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 (Mandatory)
  • Proficiency in MS Office & Power BI
#CustomerIndia#

Responsible for coordinating activities of a team to support the delivery of a range of business activities, driving consistency in terms of commercial deliverables and requirements, ensuring full compliance with all relevant standards and agreements, and providing business oversight and operational assurance.

Apply Search all jobs at bp