Entity:
Finance
Job Family Group:
Finance Group
Job Description:
We are a global energy business involved in every aspect of the energy system. We are working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us, and be part of what we can accomplish together. You can participate in our new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero.
In Hungary, we operate bp’s Global Business Services organization which is an integrated part of bp. Our people want to play their part in solving the complex challenges facing our world today and, guided by our bp values, are working to help meet the world’s need for more energy while lowering carbon emissions. In our offices in Budapest and Szeged, we work in customer service, finance, accounting, procurement, HR services and other enabling functions – providing solutions across all of bp. Join our team, and develop your career in an encouraging, forward-thinking environment!
Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team?

Join our Budapest Team and advance your career as an

Credit and Trade Loan Analyst

Accountable to perform credit assessment and trade loan activities by calculating and evaluating trade loans, preparing and submitting credit and trade loan evaluations for approvers, evaluating, monitoring and reporting trade finance performance. Further, accountable to perform analysis for the designated customers portfolio to ensure trade debtor balances are tightly controlled and credit risk appraisal of new and existing customers is carried out adhering to the Credit Policy. The job holder should have a deep understanding of Castrol Credit Policy & Trade Loan policies and of the relevant systems and tools and manage/balance diverse demands from Stakeholders within multiple countries.

In this role You will:

Perform regular and event driven Credit Assessments and Trade Loan evaluations based on the Credit Policy
Perform Customer Due Diligence to understand the financial and commercial prospects of the customer
Work together with sales to collect the vital financial documents from the customer for a timely evaluation of the creditworthiness
Prepare, validate & submit trade loan proposals with credit appraisal for approval and ensure that they are aligned with BP financial guidelines
Trade Loan and Credit Exposure Management, Monitoring, Forecasting
Identify risks related to trade investments and take actions together with the relevant collaborators.
Evaluate and articulate the underlying delivery of actuals vs. the target (volume and Gross Margin) on a monthly basis and take action as per the Contract.
Monitoring of credit exposure regarding credit limit and overdue items, delivery of Key Performance Indicators
Understand the business and drive execution by keeping close contact to sales by attending and/or organizing regular meetings on Trade Loan and Credit Assessment reviews and be a business partner to balance the risk and enable the business
Perform various regular reporting activities and ad hoc reporting’s in an accurate and timely manner; Reconcile and validate Trade Loan accounts and be able to analyze and explain Trade Loan P&L impact.
Partner management with all relevant people inside or outside of Credit cross GBS and cross business in Europe.
Compliance with all relevant Trade Loan, Credit and Customer Charter Policy, and QMS/EMS systems in GBS.
Identify risks / issues and mitigation plan related to Credit and Trade Loan processes.

What You will need to be successful:

Proficiency in English; Proficiency in French is an advantage
Strong knowledge in finance, accounting and credit analysis area.
2+ years of Commercial Evaluations, Credit Risk or Finance performance experience in an international environment
University Degree or equivalent experience preferred (in Economics or related fields) or other Graduation in Economics (High School)
Ability to deal with complex situations while maintaining the right balance of customer and business focus to drive performance improvements
Ability to produce consistently high-quality information within tight deadlines.

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
Flexible working schedule: home office up to 2 days / week, based on team agreement
Opportunity to build up long term career path and develop your skills with wide range of learning options
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
Assets like phone for private usage and company laptop are provided from the first day of employment with other equipment if requested

bp Hungary won the Most Attractive Employer 2023 Award (SSC / BSC sector) third time in a row at Pw C's annual employer research. Come and join us!


Travel Requirement
No travel is expected with this role
Relocation Assistance:
This role is not eligible for relocation
Remote Type:
This position is a hybrid of office/remote working
Skills:

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable 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 accommodation related to the recruitment process, please contact us to request accommodations.

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.