Senior Credit Analyst

JR United Kingdom; Guildford; On-site; GBP 50,000 - 75,000; Full time

Job summary

A dynamic company is seeking a Senior Credit Analyst to oversee credit limit reviews and manage credit risk mitigation processes. This role involves collaboration with global offices and provides critical support to the Head of Credit Risk and the wider team, ensuring compliance and system effectiveness.

Qualifications

• Minimum of 5 years’ experience as a Credit Analyst.
• Strong understanding of credit insurance policies.
• Proficiency in analysing financial statements.

Responsibilities

• Manage the order release process ensuring liabilities are secured.
• Monitor, approve, and report on open account credit limits.
• Conduct regular credit reviews for global entities.

Skills

Analytical skills

Relationship-building

Process improvement

Job description

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We are seeking a Senior Credit Analyst responsible for conducting credit limit reviews across all Prax Group entities. This includes ensuring appropriate credit risk mitigation is in place for trading counterparties, setting and managing credit limits, and analysing risks—particularly for larger, uninsured customers.

The role also provides key administrative and analytical support to the Head of Credit Risk and the wider Credit/OTC team. It involves handling open credit risk requests from our global offices in London, Houston, Singapore, and South Africa.

Key Responsibilities

• Manage the order release process in line with company policy, ensuring all liabilities are appropriately secured.
• Monitor, approve, and report on open account credit limits.
• Ensure credit exposure monitoring systems are effective and that all counterparties operate within approved limits across a diverse portfolio, including UK retail, wholesale, and fuel card customers.
• Conduct regular credit reviews for global entities, including those in the USA, Singapore, and South Africa.
• Assess and approve discretionary limit requests.
• Manage credit insurance policies, including the notification of overdue accounts and coordination with insurance brokers to obtain required limits.
• Handle administrative aspects of claims reporting.
• Evaluate potential transactions for credit risk exposure and recommend appropriate mitigants or alternative structures to reduce or eliminate risk.
• Monitor industry developments that could impact the creditworthiness of trading partners.
• Analyse financial statements of counterparties and prepare comprehensive credit reviews, including recommendations on credit limits.
• Recommend improvements to credit limit monitoring and approval processes where applicable.

Required Skills and Experience

• Minimum of 5 years’ experience as a Credit Analyst, ideally within a company operating across multiple business streams.
• Strong understanding of credit insurance policies, including standard terms, conditions, and reporting requirements.
• Demonstrated ability to lead or contribute to process improvements and ensure systems remain best-in-class.
• Comfortable working in a fast-paced environment, with excellent relationship-building skills across internal departments and external stakeholders.

Desirable Skills and Experience

• Knowledge of physical and financial oil trading.
• Proficiency in analysing financial statements to assess counterparty creditworthiness.
• Familiarity with commodity trade finance instruments, such as Letters of Credit (LCs), Standby Letters of Credit (SBLCs), and Performance Guarantees.
• Understanding of commercial insurance policies, including Property Damage & Business Interruption, Environmental Liability, Storage, and Public & Product Liability.