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Credit Manager

Posted 23 Mar 2024
Work experience
10 to 15 years
Full-time / part-time
Full-time
Job function
Degree level
Required languages
German (Good)
English (Fluent)

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This is who we are

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the third consecutive year

Basic Function

The Credit Manager position in Europe will support the Sr. Credit Manager Europe in managing the company’s credit activity in our European region. Responsibilities include approving and managing credit risk for the European accounts receivable portfolio. In addition, this position will be the senior credit analyst on the European team with focus on directing the day to day operational aspects of the credit team and ensuring the team meets the agreed targets and goals.

Roles & Responsibilities

  • Responsible for understanding risks associated with the customer base through detailed financial analysis, trade references and customer performance and determining the manageable risk level to the Company.
  • Monitoring all product sales activities and credit line utilization for the assigned business area to assure compliance with credit guidelines, to maximize overall profitability, and minimize bad debt losses.
  • Responsible for financial and risk analysis, and utilization of available credit information sources to determine appropriate level of risk for assigned portfolio.
  • Analysis of the customer base with respect to profitability towards LYB as well as customer’s strategic value and assessment of growth opportunities in close co-operation with the sales organization.
  • Recommends actions to be taken in order to limit the business unit’s credit risk exposure and enhance its overall profitability.
  • Develop and maintain continuous dialog with all levels of Marketing, Sales, Order Fulfillment and Senior Management as necessary regarding risk and profitability issues associated with customers.
  • On a consulting basis, assist and support Business and Sales, and other departments regarding risk evaluation and profitability enhancement.
  • Negotiate settlements with customers on potential bad debt, as required.
  • Accountable for maintaining knowledge of and recommending technical improvements to systems and processes.
  • Review, maintain, and recommend/implement changes to credit policies and procedures as necessary.
  • Provide direction and training as needed for team of Business Credit Analysts and Credit Liasion in order to ensure proper risk management.
  • Visit key customers, if necessary, and discuss all finance-related matters with the customer’s senior management.
  • Analysis and communication of risk associated with customers and suppliers, with all levels of Business, Sales and Supply Chain.
  • Serve on global credit teams as needed to support credit processes.

Qualifications

Education

Bachelor’s degree in business administration, accounting, or finance

Work Experience

  • Typically 10-15 years’ work experience with a minimum of five (5) years’ commercial credit experience in an international company.
  • Expertise in credit and financial statement analysis, business analysis, general knowledge of applicable credit law, plus excellence in analytical and interpretative skills.
  • Experienced people manager.

Skills

  • Ability to strike the right balance between managing financial risk and enabling business opportunities.
  • Strong written and verbal communication skills required to interact with customers, sales personnel, and commercial and industry contacts.
  • Requires a high degree of independence in completing job responsibilities with little supervision.
  • Must be able to maintain professional relationships with Business, Product, and Sales groups.
  • Travel will be required

Languages:

Fluent in English (written and spoken) and German plus one other fluent European languages preferred.

Licenses & Certifications:

MBA/CFA is a plus.

LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell manufactures products at 57 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.

Manufacturing
Rotterdam
10,000 employees