Wärtsilä is an innovative technology company known for being a forerunner in the Marine and Energy markets. Every day, we – Wärtsilians - put our hearts and minds into turning Wärtsilä's purpose of enabling sustainable societies through innovation in technology and services into reality. Our ultimate aim is to provide increased value to both our customers and society. New, game-changing ideas and continuous improvement have been part of our DNA since 1834. Together, we can create new business opportunities and more sustainable future that we can all be proud of. 

We want to transition the world towards a decarbonised and sustainable future. By pushing the boundaries of engineering and technology, we can make it work. We are always on the lookout for future-oriented talent – want to join the ride?

We are looking for a qualified Senior Credit Risk Analyst who is looking to take the next step in their career to the Corporate Financial and Control organisation of Wärtsilä. You will be part of the Global Credit Control and Collection function under Corporate Treasury. 

In this position, you are the process owner of Wärtsilä’s overall credit management process, including the customer creditworthiness assessment, credit limit management and credit exposure concept. You are accountable and responsible for defining the credit risk framework, setting credit rating criteria, determining credit ceilings and qualifications of payment plans, and, together with the stakeholders, you review, update and maintain the group-wide credit policy. You will develop the use of external data sources of financial information and validation that is used as the basis of credit assessments at Wärtsilä.
You provide knowledge sharing and training to different stakeholders and interested parties in the Wärtsilä organisation to maintain a high level of credit risk-aware culture.
To be successful in this role, you need to possess solid business acumen and a solution-oriented approach. That is, you need to be credible in delivering your input and presenting your analysis and recommendations while being comfortable with dialogue at all levels of the organization. The ability to form one’s own opinions on customers’ credit health and vocalise them is essential.

Position information: 

The position is permanent and located in Finland (Helsinki, Vaasa or Turku). This role is tasked with the main responsibility of supporting commercial teams, assessing customer credit risks, managing customer credit limits and their sizing, guiding customer risk aspects and mitigation actions, and monitoring the exposures across the global portfolio of Energy and Marine customers of Wärtsilä.

What you’ll be doing:

• Control and monitor the credit management processes and credit quality to identify potential areas for improvements and to ensure alignment with internal credit guidelines and policies to detect areas of improvement
• Deliver balanced, focused, and transparent customer creditworthiness assessments of the current and potential new customers. Whilst doing so, you collaborate with credit collections, sales, business FICO, trade compliance and other relevant stakeholders
• Regular engagement with commercial teams to build relations, provide credit support, and contribute to the risk assessments for the purpose of offer and contract reviews
• Monitor credit quality and risk concentrations of Wärtsilä’s customers, with the ability to highlight concerns and flag rising exposures
• Keep abreast of market changes and counterparty-related news and anticipate their potential impact on customer portfolios
• Ensure that business management has an up-to-date and transparent overview of credit risks enabling them to make risk-aware decisions and implement adequate mitigation actions
• Supervise the credit management process to identify potential areas for improvement and ensure alignment with internal credit guidelines and policies
• Take responsibility to ensure that the credit controls are done in accordance with the goals, well on time and with high-quality 
• With a willingness to enact positive changes to the credit processes, you push for process and cost efficiency and high quality with continuous improvements
• Develop informative credit reporting and ensure that internal control steps within your responsibility area are duly fulfilled
• Continuously update your knowledge and follow developments within your field of expertise

Requirements for the position:

• Relevant educational background (e.g., MSc in Finance, Accounting or equivalent)
• Thorough understanding of credit management and principles of credit risk assessment through previous work experience from, for example, financial institutions, large corporations or audit/consultancy firms
• Understanding of IFRS/Generally Accepted Accounting Principles (GAAP)
•  Accuracy and attention to detail
• Solid skills to create and deliver effective presentations that are crisp and easy to understand at first read
• Strong command of MS Excel, MS PowerPoint and SAP. It is highly beneficial if you have experience with SAP FI, FSCM, SD and PS modules
• Previous knowledge of SalesForce as a CRM tool
• Fluency in both written and spoken English. Knowledge of French or Spanish would be an advantage

As a person, you are:

• Able to interact with senior leaders and present recommendations in a professional and compelling manner
• Equipped with a service-minded approach to contribute to great customer experience
• Accustomed and comfortable with aspects of a global business, cultures, languages, and diversity
• Straightforward and honest, and you have great interpersonal skills that you use to achieve your goals
• Confident to be decisive, executing difficult credit decisions or recommendations, even if under time constraints
• Flexible with your approach to work, occasionally comprising undertakings outside office hours
• Self-driven with a proactive approach, persistent with your deliverables with a passion for high quality
• Analytical and solution-oriented
• Team player who is able to work independently and in cooperation with the others
• Structured in your way of working and apply sound judgement

Why you and us?

You are evaluated – as your true self. At Wärtsilä, YOU matter. We value diversity and are committed to supporting an inclusive work community.
Your growth is supported. We believe in continuous learning & teamwork. Wärtsilian community has your back when it comes to development opportunities – so you can develop beyond your potential.
You get to make a difference. Innovation and sustainability are important for us. Every day, we - Wärtsilians - put our hearts and minds into enabling sustainable societies through innovation in technology and services into reality.

Contact & next steps:  

Submit your application by 21.05.2024 through our Careers portal. Applications through email will not be considered. After submitting your application, you’ll receive a confirmation email. 

In case you have questions about this position, please do not hesitate to contact the hiring manager:

Gabriela Riofrio

Director, Global Credit Control and Collection

gabriela.riofrio@wartsila.com

Last application date: 21/05/2024 

At Wärtsilä we value, respect and embrace all our differences, and are committed to diversity, inclusion and equal employment opportunities; everyone can be their true self and succeed based on their job-relevant merits and abilities. 

All new Wärtsilä employees in Finland will attend occupational health checks, including drug tests/screenings. The country's legislation is followed when a person is located outside of Finland.

This is Wärtsilä 

Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. Our team of 17,800 professionals, in more than 280 locations in 79 countries, shape the decarbonisation transformation of our industries across the globe. Read more on www.wartsila.com.