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Credit Analyst

Company Name:  LB Polyolefin Shanghai Co
Location: 

Shanghai, CN

Req ID:  72815
Facility:  Shanghai-484
Department:  Asia Credit
Division:  Finance

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the third consecutive year.

Basic Function
  • Set credit guidelines for their respective areas of responsibility to meet business objectives & control Accounts Receivable risk exposure.
  • Evaluate customers and country risks within the guideline of the credit policy.
  • Understand and ensure compliance with established credit standards, policies, and procedures and monitor credit exposures.
  • Contribute to optimize the working capital of the Enterprise by efficient Account Receivable Management, in conjunction with the Business, Sales and Finance groups.
  • Implement the global credit strategy in the respective areas of responsibility
Roles & Responsibilities
  • Maintaining an efficient risk management system – including business and country risk - for the customers company’s portfolio in order to allow and steer prompt decision making.
  • Working co-operatively with Business and Sales Management to assess credit worthiness of customers.
  • Preventing, reducing and managing credit losses when occurred.
  • Consulting business and sales on developing business in markets / customers with high credit risk.

Propose and implement long term solutions with problematic or high maintenance customers.

  • Support Credit Assistants in managing cash collection, cash activities (EU and US only)
  • Developing financial strategies to reduce / hedge exposure at customers/markets with high credit risk.

Participate and / or lead credit related projects.

  • Represent LBI’s credit department at congresses / credit associations / credit events.
Min. Qualifications

Education: 

  • B/A in Finance / Economics / Business Administration

 

Work Experience:

  • At least 3 years’ experience in a Credit function but  Business, Banking, Finance & other related functions will also be considered.

 

 

Skills:

  • Good understanding of computer systems and software (particularly SAP).
  • Analytical skills with the ability to propose creative ideas to conduct business in risky environments.
  • Good interpersonal, communication, reporting and presentation skills.
  • Ability to work in a team in a multinational environment.
  • Proactive, able to take initiatives as well as to take quick decisions based on calculated risks.
  • IT literate: Solid grasp of Microsoft Office applications and knowledge of SAP is a required.
  • Strong work ethic and ability to work in a fast-paced environment.
  • Candidate with knowledge in Bank Acceptance Draft will be an added advantage

 

 

Languages:

  •  Languages: Fluent in spoken & written English, Mandarin.
Core Competencies
  • Customer Focus – Anticipates and acts with the customer in mind; is dedicated to meeting and/or exceeding the expectations and requirements of the customer to deliver exceptional value; establishes and maintains effective relationships with customers and continually seeks feedback and information to improve products and services.
  • Drive for Results – Steadfastly pushes self and others for results; works with passion and a sense of urgency; seeks opportunities to improve results and processes in a proactive manner; contributes to the goals and profitability of the company.
  • Collaborate – Builds appropriate rapport with others; is comfortable receiving coaching and feedback from others; builds constructive and effective relationships; uses diplomacy and tact; diffuses even high-tension situations comfortably; encourages cooperation and collaboration; is candid with others; solves problems with others with a minimum of noise.
  • Instills Trust and Exemplifies Integrity – Presents the truth in an appropriate and helpful manner; keeping confidences; takes responsibility for mistakes; doesn’t misrepresent him/herself for personal gain; practices what he or she preaches; recognizing the right behaviors and disapproves of the inappropriate ones.
  • Demonstrates Courage - Stepping up to address difficult issues, saying what needs to be said, acting with integrity, doing what is right.
  • Ensures Accountability - Holding self and others accountable to meet commitments.
  • Cultivates Innovation - Creating new and better ways for the organization to be successful. Uses lateral thinking. Questions the status quo.
  • Builds Effective Teams - Building strong-identity teams that apply their diverse skills and perspectives to achieve common goals. Fosters a culture of learning.
Critical Competencies
  • Decision Quality:  makes good decisions based upon a mixture of analysis, wisdom, experience, and judgment; most of his/her solutions and suggestions turn out to be correct and accurate when judged over time; sought out by others for advice and solutions.
  • Negotiating - Can negotiate skillfully in tough situations with both internal and external groups. Can settle differences with minimum “noise”. Can win concessions without damaging relationships. Can be direct and forceful as well as diplomatic. Gains trust quickly of other parties to the negotiations. Has a good sense of timing.
  • Presentation and Communication Skills - Presents information in a simple way, clearly communicating the key messages and engages the audience. Communicates openly and clear. Simplifies complex issues where possible and share information freely.

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