Credit manager at BP in Budapest, Budapest, Hungary

Credit manager
Location: Hungary - Budapest
Entity:
Finance

Job Family Group:
Finance Group

Job Description:
Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.
It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So, if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.
About the role
Lead and oversee customer credit, cash collection and trade loan activities for the supported Fuels business. The role manages credit risk exposure and working capital by balancing risk and reward, applying sound business judgement, and ensuring compliance with the Downstream Credit Policy. It also builds team capability, supports operational excellence and change, and partners with business and finance stakeholders to deliver effective credit outcomes.
In this role You will
Control and monitor credit analysis, cash collection and trade loan activities, and provide accurate and timely management information.
Support credit strategy by analysing portfolio performance, reporting findings to senior management, recommending actions and monitoring implementation.
Manage credit activities for the supported countries, including credit reviews, risk ratings, credit limits, payment terms, blocked orders, credit notes, bad debt provisions and write-offs within delegated authority.
Approve credit limits within delegated authority and escalate cases above authority with clear, reasoned recommendations to senior management.
Maintain effective business partnerships with Sales Directors, Finance leaders, Credit leadership, Service Management, Legal, collection teams and other FBT teams to improve working capital and customer outcomes.
Understand business requirements, market developments and bp risk appetite; evaluate credit-related sales requests, process changes and risk mitigations, and develop solutions that balance business needs, credit risk and workload.
Drive policy compliance, operational reviews, due diligence, health checks, audit readiness, continuous improvement and standardisation across customer credit, cash collection and trade loan processes.
Support ERP and digital developments, including S/4HANA implementation, automation opportunities and consistent application of credit standards in day-to-day operations.
Lead monthly and quarterly reporting and analyse overdue trends, DSO, bad debt provisions, turnover and gross margin; identify root causes and recommend actions to improve overdue performance and mitigate risk.
Lead or support transitions and strategic, operational or system-related credit projects; coordinate requirements, communicate with governance bodies and participate in steering groups where relevant.
Coach and develop team members in technical and interpersonal skills, coordinate team activities, and maintain effective resource and backup arrangements.
Participate in customer visits and operational activities when required.
What You will need to be successful
University degree or equivalent experience, preferred in Economics or a related field, or secondary school graduation in Economics.
Experience in customer relationship management, accounts receivable, cash collection or credit management in an international environment, with a proven record of ownership and decision-making responsibility.
Deep finance and credit analysis experience, with a strong credit management background gained in banking, financial services or a blue-chip corporate credit environment.
Experience leading, guiding, coaching and developing people.
Ability to manage sophisticated situations while maintaining an appropriate balance between customer and business priorities.
Ability to produce consistently high-quality, relevant, complete, accurate and timely information within tight deadlines.
Proficiency in interpreting financial and accounting information and applying this knowledge to credit decisions.
Knowledge of internal controls, due diligence, performance management, project delivery and organisational change.
Ability to collaborate effectively with business, finance, sales, legal, credit, operations and technology stakeholders.
English language proficiency at C1 level in reading, writing and speaking.
Experience creating or maintaining credit scoring models and assessing probability of default.
Experience with ERP enhancements, S/4HANA implementation, process automation or digital transformation.
Experience managing credit-related projects, transitions or implementations across European teams.
Experience with trade loan performance management, operational due diligence and customer visits.
At bp, we provide the following environment & benefits to you
Different bonus opportunities based on performance, wide range of cafeteria elements
Life & health insurance, medical care package
Hybrid working arrangement aligned with team arrangements and business needs
Opportunity to build up long term career path and develop your skills with wide range of learning options
Celebrate in bp’s success. You may be eligible to join bp’s Global ShareMatch plan. This non-contractual benefit lets employees buy bp shares and receive matching shares, in line with plan rules
Family friendly workplace e.g.: Extended parental leave, Mother-baby room
Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program
Possibility to join our social communities and networks
Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipment
bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!
At bp, we support our people to learn and grow in a diverse and ambitious environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life.
Disclaimer: Please note that, according to Hungarian law (2012/I. 113. §), mothers or single parents caring for a child under three years of age cannot be employed in night shift positions.
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.

Travel Requirement
No travel is expected with this role

This role is not eligible for relocation

This position is a hybrid of office/remote working

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Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.