Head of Credit Risk and Cash Collections Job in Port Talbot

Head of Credit Risk and Cash Collections Job in Port Talbot. Apply for the latest Port Talbot jobs in Accounting/Financial/Insurance.

Head of Credit Risk and Cash Collections Job in Port Talbot

Job Description
Job Title:  Head of Credit Risk & Collections
Department:  Finance
Location:  Port Talbot
Salary: £65,000 – £75,000 Plus Benefits
Closing Date: 11pm, Thursday 13th October 2022

We believe that our strength is not just in our steel but the diversity of our workforce. Our people make the difference.

The Role
An exciting opportunity has arisen for us to recruit for an experienced Head of Credit Risk & Collections to manage credit risk across the Tata Steel in Europe operations. Working within our Corporate Finance function, in addition to leading a team of credit professionals, the role acts as a subject matter expert across the business.

In this capacity, your key responsibilities will include, but not be limited to the following:

* Lead, advise & direct all credit risk activities across the Tata Steel in Europe operations.
* Lead a Team of credit risk specialists to provide comprehensive credit risk mitigation measures across a diverse range of operations worldwide.
* Lead cash collection activities in our UK operations
* Take ownership of the credit risk management policy for all Tata Steel in Europe operations.
* Act as subject matter expert to all Tata Steel in Europe activities including Procurement
* Identify, develop & negotiate appropriate bad debt mitigation options in line with Tata Steel in Europe policy.
* Lead the recovery process with administrators to recover money when a customer is declared insolvent
* Maintain & develop relationships with insurance carriers & brokers.
* Support the business in obtaining credit limits from credit insurers including meeting the credit insurers, organising roadshows and providing regular performance update to the insurance carriers
* Identify & develop appropriate alternative risk mitigating tools including financial instruments, guarantees etc
* Develop & maintain appropriate processes & procedures to ensure compliance to Corporate Policy
* Ensure that the business is protected from bad debt risk in-line with agreed parameters
* Monitor & mitigate changes to customer, market & political risks
* Lead, coach and develop all staff involved in the credit risk & collections process.
* Ensure compliance to relevant Sanctions & Money Laundering legislation
* Administer multiple asset based lending facilities
* Maintain & develop management information tools & processes

The Candidate
As the ideal candidate, you should be educated to degree level, and have experience of working within a similar role.
* Qualified Accountant – CIMA, ACA or ACCA
* Previous experience within a multi-national organisation in a senior Credit Risk role
* Extensive knowledge of credit insurance products & markets
* Extensive knowledge of non-insurance risk mitigation options.
* A working knowledge of insolvency legislation
* Extensive knowledge of credit limit setting based upon financial analysis methods
* The ability to communicate with customers & suppliers at all levels
* A working knowledge of asset based lending facilities
* A working knowledge of cash collection processes & procedures
* Previous leadership experience

The Benefits
Tata Steel UK offers their employees significant benefits packages. For this role, you will benefit from:
* A market competitive salary
* 35 days holidays per annum
* Annual Pay Review
* Annual Bonus Scheme – subject to business performance
* Private Healthcare Scheme
* One of the UK’s leading defined contribution pension schemes (10% employer contribution / 6% employee contribution)

We also have an extensive list of lifestyle benefits including free onsite parking at all of our sites, an employee assistance programme as well as discounts with local and national retailers and services.
Employee discount scheme for companies including Vodafone, Nissan, Jaguar Land Rover and also various local services

The Business
Tata Steel is one of the world’s top 10 steel producers. The combined group has an annual aggregate crude steel capacity of more than 33 million tonnes with approximately 80,000 employees across four continents. We’re part of the Tata Group, one of the largest, most diverse conglomerates in the world with businesses in the UK including Tata Steel, Jaguar Land Rover and Tetley Tea.
Sustainability is at the very heart of what we do and we are dedicated to managing our operations responsibly and to continuously improving our performance. Innovating for tomorrow, making a positive impact today

Job Type: Permanent, Full Time
Location: Port Talbot
Category: Accounting/Financial/Insurance
City: Taibach
County: West Glamorgan
Country: United Kingdom
Salary: £65000 – £75000/annum
Benefits: