Credit Accounting Services Manager

Company INEOS Oligomers
Grade: 36
Salary Range:
Starting at $130,000 (commensurate with experience)

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. It comprises 29 businesses each with a major chemical company heritage. Its production network spans 154 sites in 27 countries throughout the world. INEOS products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world. Our businesses produce the raw materials that are essential in the manufacture of a wide variety of goods: from paints to plastics, textiles to technology, medicines to mobile phones – chemicals manufactured by INEOS enhance almost every aspect of modern life.

The INEOS Oligomers division includes a wide range of products ranging from LAO, PAO and PIB to Specialty Oligomers, iso‑paraffines, cyclopentane and isoamylene which are made in Europe and in the Americas and sold worldwide.

The Credit/Accounting Services Manager is responsible for the cash collections and disbursements of the Oligomers and Gas/Spec businesses and the forecasting and reporting thereof. The Manager must optimize cash collections by identifying and providing credit information that enables effective management of customer risk while proactively communicating with customers to ensure outstanding receivables are received in a timely manner. Cash disbursements must be accurate, completed in accordance with terms and delegation of authority.

This role will report to the Global Controller.

• Number of invoices issued and customer payment timing are the most critical factors.
• Reports from credit rating agencies and information received from customers are used as the basis for determining credit limits.
• Establishment of good relationships with internal customers is necessary to ensure timely receipt of required information.
• Number of vendor invoices processed.

The Credit/Accounting Services Manager is also responsible for the financial activities of the Gas/Spec business, including providing financial analysis, annual plans, management and tax reporting, forecasting, and results communication. The role identifies and recommends opportunities to improve financial performance and attain overall business targets. The Manager will liaise closely with the European Credit counterpart, provide global risk assurance and credit reporting for the global customer base, and network with other INEOS Credit Managers to fully understand and manage customers supplied by multiple INEOS businesses.

The Manager interacts frequently with the business controller, sales & marketing, customer service and treasury.

The role affords high visibility with the Oligomers Board and extended leadership team through issuance of credit and sales reports and responding to any queries on the report or any credit issue. The Manager works with CFO, CEO and Chairman to obtain approvals for customer credit limits. The role also includes posting of intercompany sales invoices from Joffre site, issuance of monthly sales reports, administration of insurance program and administration of third‑party bank loan.

• Review, analyze, and communicate customer credit risk and financial results.
• Issue monthly credit performance reports (accounts receivable aging reports and high‑risk accounts).
• Provide ad hoc customer analysis and customer risk profiles.
• Perform collection activities for the Oligomers and Gas/Spec businesses.
• Maintain cash balances in accordance with targets.
• Cash disbursements are made in a timely and accurate manner.
• Cash forecasts are issued in a timely and accurate manner.
• Securitization reports are issued in a timely and accurate manner.
• Represent the business on select Control function initiatives and team.
• Support the overall cash operations of the global business.
• Provide support for audits.
• Post intercompany sales from Joffre site.
• Issue monthly sales reports.
• Maintain sound control processes.
• Provide and disseminate insurance information.
• Ensure bank loan payment/required reporting is done on…