Credit Risk Analyst (Mat Cover)

at  Samsung Electronics

Position Summary
Why Join our Team?
The is an exciting opportunity to join a highly motivated team on a maternity cover, working alongside 2 other Credit Risk Analysts and reporting to the Credit Risk Manager. We handle the unsecured credit risk across more than a 1000 customers, covering all divisions of Samsung UK and ESBO!
Role and Responsibilities

Your Key Responsibilities:

• Lead credit risk across a portfolio 1000+ customers in a business experiencing significant growth and annual revenues of £3 billion plus. You will personally have ownership of c.300 customers which are mostly international.
• Manage the Vendor onboarding and credit assesments of these in line with HQ policies.
• Build effective relationships with senior Finance management (up to FD level) at Samsung’s key customer accounts. Understand significant changes/events that impact customers’ financial strength (e.g. changes to capital structure, changes to terms of borrowing facilities, acquisitions, disposals etc.) and evaluate the impact on Samsung’s credit decisions. Present conclusions to UK Head of Credit and FD and acquire their buy-in to high profile credit decisions.
• Be confident in underwriting “own risk” credit decisions. Prepare detailed analysis of the customers’ business and financials to support such decisions.
• Work with UK Sales team to proactively identify potential issues ahead of time (e.g. customers nearing credit limits, customers with deteriorating creditworthiness) and address them appropriately.
• Liaise with Sales and Commercial functions to understand business direction and requirements (e.g. new product launches, entry into new markets). Resolve and implement strategy and plans to support business requirements.
• Find solutions to meaningful issues, for example, where Samsung is pursuing growth in market sectors facing economic difficulties.
• Provide reports to senior management analysing market economic conditions and trends, customer health profiles etc. Recommend appropriate action and implement.
• Work closely with Accounts Receivable team to provide support on credit and risk issues.
• Work with the Head Office credit risk team ensuring provision of reporting, analysis and information as needed.
• Undertake analysis of financial documents and payment history in order to assist in reaching accurate conclusions.
• Evaluate and recommend system changes to improve risk monitoring, be knowledgable in risk modelling tools and formulas.
• Monthly reports to completed detailing risk trends based on financial information available. Highlight any accounts causing concern and discuss appropriate actions.
• Monitor exposure levels against set limits and report to Credit Risk Manager.
• Ensure all checks for quality, compliance have been completed on systems.

What we need for this role

To be successful, you will possess the following skills and attributes:

• Underwriting experience in the B2B Sector is critical with a good understanding of risk.
• Excellent verbal and written communication skills.
• Ability to use variety of systems at the same time quickly and accurately. .
• Ability to work in a vibrant faced past environment.
• Comfortable working under pressure and adaptable to changing requirements particularly at month and quarter ends.
• Solutions oriented. Looks for ways to manage risk effectively while supporting a growing business.
• Strong analytical skills. Ability to process large and complex amounts of information, highlighting the key points, trends and issues.
• Excellent financial knowledge. Ability to interpret financial statements (not just calculate standard ratios) to provide forward looking insight as to a business’s future liquidity, adequacy of funding and overall creditworthiness.
• Relationship building. Forming effective working relationships with Sales and Commercial personnel, the Accounts Receivable team and external credit insurers is essential to being successful in the role.
• Clear communicator. Avoid jargon and communicate clearly with non-Finance personnel.
• Experience of managing credit risk in a large corporate environment.
• Experience of dealing with credit insurers.
• Excellent report writing skills.
• Strong Excel skills, being able to adjust and develop excel based modelling tools that use formulas and pivot tables.

What does success look like?

• Accounting system knowledge.
• Be able to hit the ground running.
• Be a confident communicator.
• Experience in a similar environment.
• Be able to manage well under pressure
• A Team Player

Skills and Qualifications
Benefits of working at Samsung include

Hybrid working – 3 days in the office and 2 days at home per week

• Bonus scheme linked to individual, team and company performance
• Car allowance (delete if not appropriate)
• Pension contribution
• Three volunteering days each year
• Holiday - 25 days plus bank holidays and an additional day off for your birthday
• Access to discounts on a wide range of Samsung products
• Access to a discount shopping portal
• Partner Colleagues are not eligible for certain types of statutory leave such as Samsung Family Leave or Sick Leave policies but may be eligible for statutory payments via their agency

A note on equal opportunities
We are an equal-opportunity employer and value diversity at our Company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status or disability status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

• Lead credit risk across a portfolio 1000+ customers in a business experiencing significant growth and annual revenues of £3 billion plus. You will personally have ownership of c.300 customers which are mostly international.
• Manage the Vendor onboarding and credit assesments of these in line with HQ policies.
• Build effective relationships with senior Finance management (up to FD level) at Samsung’s key customer accounts. Understand significant changes/events that impact customers’ financial strength (e.g. changes to capital structure, changes to terms of borrowing facilities, acquisitions, disposals etc.) and evaluate the impact on Samsung’s credit decisions. Present conclusions to UK Head of Credit and FD and acquire their buy-in to high profile credit decisions.
• Be confident in underwriting “own risk” credit decisions. Prepare detailed analysis of the customers’ business and financials to support such decisions.
• Work with UK Sales team to proactively identify potential issues ahead of time (e.g. customers nearing credit limits, customers with deteriorating creditworthiness) and address them appropriately.
• Liaise with Sales and Commercial functions to understand business direction and requirements (e.g. new product launches, entry into new markets). Resolve and implement strategy and plans to support business requirements.
• Find solutions to meaningful issues, for example, where Samsung is pursuing growth in market sectors facing economic difficulties.
• Provide reports to senior management analysing market economic conditions and trends, customer health profiles etc. Recommend appropriate action and implement.
• Work closely with Accounts Receivable team to provide support on credit and risk issues.
• Work with the Head Office credit risk team ensuring provision of reporting, analysis and information as needed.
• Undertake analysis of financial documents and payment history in order to assist in reaching accurate conclusions.
• Evaluate and recommend system changes to improve risk monitoring, be knowledgable in risk modelling tools and formulas.
• Monthly reports to completed detailing risk trends based on financial information available. Highlight any accounts causing concern and discuss appropriate actions.
• Monitor exposure levels against set limits and report to Credit Risk Manager.
• Ensure all checks for quality, compliance have been completed on systems