Team Lead, Credit

Supervision of 2 (Senior) Credit Analysts in managing credit relationships, facilitate and support the establishment of credit limits and monitor credit exposure in line with Global Credit Policy. Primary Accountabilities/Responsibilities

• Supervision and oversight of 2 (Senior) Credit Analysts
• Liaison between International Commercial, UK Marketing, Coke Marketing, Renewables, Origination business units and Credit Evaluations group in the U.S. to establish and manage credit limits to meet business needs.
• Work with International Commercial, UK Marketing, Coke Marketing, Renewables, Origination business units to establish credit terms, methods of payment, and agreed level of exposure consistent with policy.
• Obtain and manage payment security as required by Credit Evaluations Produce and monitor daily over credit limit report ensuring trading is conducted within approved credit, limit taking appropriate action where required.
• Support Collections, Finance, Marketing and Trading functions to ensure prompt resolution of payment defaults communicate & work closely with business units to mitigate credit risk
• Co-ordinate with customers and banks for required security such as Letters of credit or Parent Company guarantees on behalf of P66L.
• Prepare and submit requests for Letters of Credit ensuring all necessary approvals are obtained; monitor draw-down against trade credit facilities with relationship banks.
• Support the issuance of payment security on behalf of P66Co and P66IT on an ad hoc basis if necessary.
• Monitor closely the termination of exposure and release of security to ensure that appropriate security is in place as required.
• Maintenance of online or paper Credit Files, with audit trail of Credit approvals, in compliance with agreed SOX processes.
• Maintenance of security held to ensure validity and fit for purpose. Manage Doubtful Debt provision in respect of customer portfolio.
• Creation and review of periodic reports upon credit functional performance for Treasury management within agreed time format and in line with expectations.
• Escalate analysis and risk issues to other stakeholders in a timely and informative manner. Represent Credit Group in both internal and external meetings when and where required.
• Partnering with sales functions to support business opportunities within Treasury parameters, managing risk and reward appropriately.
• Raise the condition type for sales and purchase prepayments, in a timely basis, coordinating the other stakeholders when issues on tickets arise.
  
  Degree in Finance or other related discipline
• Previous supervisory experience preferred.
• Professional Credit qualification preferred.
• Knowledge of structured credit tools
• Good working knowledge of SAP
• Breadth of Finance experience, including working with a business and analytical experience or recognised accounting qualification.
• Strong analytical skills and ability to respond to internal and external customer requests and translate opportunities into commercial value for P66.
• Must maintain a high level of accuracy with attention to detail.
• Willingness to make independent credit decisions within defined authorities.
• Willingness and ability to escalate issues in a timely manner.
• Rigorous & well organised - attention to detail.
• Controls focus. Well-developed communication skills - written for credit proposals.
• Ability to work upon a diverse range of tasks and to prioritize effectively to ensure that functional goals are achieved.
• Good team player: ability to work both independently and collaboratively in a team.
  
  Phillips 66 has significant marketing operations in Europe. In the UK the business is primarily wholesale, selling fuels to distributors (some of whom are branded JET) and resellers. The fuels are either collected by customers or delivered through a contracted road tanker fleet operating out of a number of UK distribution points. In addition, Phillips 66 Limited supplies a network of approximately 330 independently owned petrol forecourts, all of which are branded JET.
Other markets served are aviation, marine and LPG. JET supplies some of the UK's growing secondary airports using owned and shared refuelling tankers and storage, and delivers to airlines through contracted refuelling operations. Marine markets are served using contracted vehicles, as is the LPG business. Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence. Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.