Senior Credit Analyst

Prax Group; Weybridge; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Credit Analyst to enhance its credit risk management. This pivotal role involves conducting credit limit reviews and ensuring effective risk mitigation strategies for trading counterparties. The successful candidate will collaborate with global offices, providing analytical support to the Head of Credit Risk and the Credit/OTC team. This position promises a dynamic work environment where your expertise in credit analysis and relationship management will directly contribute to the company's success. If you're ready to take on a challenging role that offers growth and impact, this opportunity is for you.

Qualifications

• 5+ years of experience as a Credit Analyst in a multi-stream business.
• Strong understanding of credit insurance policies and reporting requirements.

Responsibilities

• Manage order release process and monitor credit limits.
• Conduct regular credit reviews and assess discretionary limit requests.
• Evaluate transactions for credit risk exposure and recommend mitigants.

Skills

Credit Analysis

Credit Risk Mitigation

Financial Statement Analysis

Relationship Building

Process Improvement

Job description

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Senior Credit Analyst

Weybridge, GB, KT13 0JT

Senior Credit Analyst

Senior Credit Analyst for all Prax Group entities & administration support to the Head of Credit Risk /OTC and Credit team

Located: Weybridge

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.