Credit Risk Manager - Treasury

Company Description

Red Bull UK is recruiting for a Credit Risk Manager - Treasury, to be based within London UK.

The Credit Risk Manager is required to take full responsibility for Red Bull UK's accounts receivable management, maximizing incoming cash receipts and continually looking to optimise the order-to-cash cycle with a progressive and solutions-focused mindset.

This role involves overseeing the Accounts Receivable team, implementing effective credit policies in line with Red Bull HQ, and optimizing cash flow while minimizing bad debt. The Credit Risk Manager plays a crucial role in supporting the company's financial health and operational efficiency, creating value for internal and external stakeholders.

Managing a team of three, you will maintain a high-quality and professional sales ledger function, bringing accounts receivable to life through a philosophy of active business partnering and personal development.

With our People Strategy at the core of everything we do, you will engage, develop, and retain your direct reports through active hands-on, day-to-day management and the definition of longer-term development goals, exciting the team with opportunities inside and outside the traditional AR landscape.

The role will embody Red Bull's philosophies on progression and development and will support the pipeline of future finance talent.

Job Description

Order-To-Cash

1. Define, influence, and lead a right-first-time process mentality, challenging existing ways of working and standard operating procedures.
2. Drive and lead process design and continuous improvement opportunities, identifying actionable insights to support team efficiencies.
3. Work closely with the Operations teams to ensure order processing efficiency and accuracy, with a total OTC ownership mindset.
4. Engage local and HQ stakeholders to recommend system improvements, innovations, and enhancements across the Treasury & Finance organisations.
5. Hands-on approach and inquisitive nature.

Credit Risk & Accounts Receivable Management

1. Support the Treasury Manager and Financial Accounting team by owning and redefining month-end reporting obligations & responsibilities.
2. With a hands-on approach, maximize cash collection and mitigate bad debt exposure within our customer portfolio.
3. Create regular insights and assessments on the credit risk exposure of Red Bull's customer portfolio, providing recommendations to mitigate any exposure.
4. Engage and develop relationships with Key Account teams and customer contacts, driving efficiencies and challenging existing ways of working throughout the OTC cycle.
5. Ensure the accuracy and cleanliness of Red Bull's sales ledger by creating SOPs and standardized routines across the team to deliver DSO and Net High Risk targets.
6. Oversee the internal rebate approval process, ensuring on-time invoice approvals and balance sheet cleanliness, engaging with key internal stakeholders to improve ways of working and processes.

People Management

1. Take full responsibility for the performance monitoring of the team, defining short, medium, and long-term operational goals, and owning monthly, quarterly, and yearly performance appraisals.
2. You will be responsible for the team's KPIs and deliverables, creating an environment of progression and innovation, and crafting bespoke performance objectives and personal development plans while always keeping the team's brand in mind.
3. Define, manage, and review the roles & responsibilities of the team, always ensuring an appropriately resourced and engaged team is in place.
4. By living Red Bull's people values and philosophies, you will create a positive culture based on feedback, coaching, and development.

Business Partnering

1. Establish and develop a key senior internal and external stakeholder network, becoming a credible Business Partner at all levels and always driving the Finance agenda.
2. Create successful partnerships with the Financial Accounting and Sales Controlling teams, creating transparency, visibility, and support on planning cycles and key statutory deadlines.
3. Create successful partnerships with Key Account teams and key customers, influencing ways of working and successful outcomes in the Finance teams.
4. Use data to communicate key messages to drive change and influence key stakeholders. Get out there and seek answers to questions that haven't been answered before.

Qualifications

1. CIMA/ACCA/AAT/CICM qualifications a plus but Red Bull also values experience over formal education.
2. Strong experience in accounts receivable or credit management, preferably within the FMCG sector.
3. Proven track record of managing a high-volume receivables portfolio and leading a professional team in a dynamic environment. Change management experience is a plus.
4. A solid understanding of financial accounting and reporting.
5. Experience with SAP ERP systems and OTC process enhancements and optimisations. Proficient use of Microsoft Excel and other Microsoft products.
6. Demonstrated success in maximising incoming cash receipts and improving accounts receivable processes, reducing days sales outstanding (DSO), and other KPIs in the FMCG or retail space.
7. Sound commercial understanding and curiosity about the wider business and development opportunities.
8. Outstanding communication and interpersonal abilities, with the ability to effectively communicate information verbally, in writing, and with graphical tools as necessary.
9. Analytical, with an eye for detail and capable of working quickly to a high standard of accuracy.
10. Ability to work under pressure, prioritising one's own work and the work of the team in an organised and accurate manner within tight deadlines, while remaining calm and focused.
11. Be enthusiastic and versatile, and be able to build, develop, and maintain good working relationships with colleagues.
12. Comfortable operating in a fast-paced environment.

Additional Information

At Red Bull, we exist to give people wiiings. To achieve that, we recognise the value that comes from having a highly diverse workforce that has the freedom and responsibility to realise their ideas and seize opportunities. We make recruiting decisions based on experience, skills, potential and talent: everyone is welcome here.