4 days old

Global Credit Insurance Program Specialist

Budapest, Budapest 1061
  • Job Code
Known as the 'knowledge behind the numbers', Financial Analysts are considered to be trusted business advisors, working within IBMs business units and geographies, as well as in a myriad of specialized corporate functions. IBM's finance organization is instrumental in driving innovative improvements to global financial processes while providing measurable value to the business.

Your Role and Responsibilities

In 2010 the decision was taken to use credit insurance to help manage the credit risk on IBM Global Financings Commercial Financing business worldwide. Since then, the global insurance program has expanded to $14 billion of insurance coverage on 9,000 customers spread across more than 60 countries. It has become a key component in how IGF balances risk management with growing the business in new markets and with new suppliers. Credit insurance is also used selectively outside of IGF.

The program is run centrally by a small team of 4 specialists and a manager, based in Budapest. This team is responsible for all aspects of credit insurance ranging from implementing cover for new countries and new supplier financing programs to managing the insurer and broker relationships and handling policy renewals on behalf of IBM globally. It also provides subject matter expertise to multiple internal functions including Credit, Sales, BSO, Legal, Accounting and F&P at IMT, COE and WW level.

This is a varied and exciting role of strategic importance with excellent visibility, cross functional influence, external engagement, some travel and a strong team spirit.

  • Support the ongoing management and expansion of credit insurance primarily for IGF Commercial Financing but also for other parts of IGF and IBM as needed.
  • Assist global credit insurance program manager on implementing credit insurance for new business in Commercial Financing, liaising with IGF teams (Sales/Credit/BSO) to ensure a complete and balanced business proposal is submitted.
  • Manage policy operations including administrative tasks to ensure compliance with policy obligations and reporting requirements (e.g. premium payments, declarations, overdue and adverse information reporting and claims management).
  • Support the renewal of our global and local policies by working with WW and regional IGF teams on administrative aspects of the renewal cycle
  • Provide education to all functions involved in credit insurance to the depth that they need for their role.
  • Work with our brokers and insurers to achieve the optimal result for IBM in a time frame that reflects the needs of IGFs customers whilst managing expectations. Follow the agreed escalation process where a sound business case supports challenging an insurers decision.
  • Manage to the credit insurance process but look for ways to increase agility and accelerate the end to end credit process. Watch always for areas of operational risk and help to identify ways to minimise these. Identify non-standard procedures with the local IGF teams and address accordingly to ensure compliance with policy obligations. Provide input to SOX tests, audit queries and peer reviews when requested.
  • Attend regular calls and meetings with insurers and brokers as required, maintaining a professional manner whilst working on building close working relationships in a spirit of partnership.
  • Remain flexible and accept additional tasks and projects alongside day to day activities to support fellow team members, help find better ways of working, improve efficiency and support business growth.

Required Professional and Technical Expertise
  • Fluent English
  • This is a high profile role which not only involves representing IBM in front of key global suppliers (insurers and brokers), but also includes briefing executives. Candidate therefore need to be professional, presentable, confident and a good communicator as well as enthusiastic, energetic and self-motivated. Unquestionable integrity is also paramount.
  • The successful candidate will have been a strong performer in IGF or IBM and will probably have gained their broad experience from working in multiple functions over at least a 4 year period. Ideally the candidate should have experience in IBM Global Financing and Commercial Financing within it and this should also include at least some understanding of how credit insurance is used in the business.

Preferred Professional and Technical Expertise
  • We expect candidate to have a high command of knowledge in Excel. This exceptional role will draw on the individuals skills in facilitation, negotiation, organisation, relationship management, project management, risk management and business controls. A strong work ethic and the ability to stay calm under pressure, manage competing priorities, show flexibility, act as one team and deliver on time, are also key attributes.

About Business Unit
IBM Global Financing (IGF), the lending and leasing division of IBM, is a worldwide leader in information technology financing that provides financial service excellence, to accelerate value from technology and help our clients achieve the next best thing. IGF provides funding to some 125,000 customers in more than 40 countries, enabling our customers to buy or lease hardware, software, and services not only from IBM, but from any technology vendor.Some institutions finance purchases. We finance possibilities.

Your Life @ IBM
What matters to you when youre looking for your next career challenge?

Maybe you want to get involved in work that really changes the world. What about somewhere with incredible and diverse career and development opportunities where you can truly discover your passion? Are you looking for a culture of openness, collaboration and trust where everyone has a voice? What about all of these? If so, then IBM could be your next career challenge. Join us, not to do something better, but to attempt things you never thought possible.

Impact. Inclusion. Infinite Experiences. Do your best work ever.

About IBM
IBMs greatest invention is the IBMer. We believe that progress is made through progressive thinking, progressive leadership, progressive policy and progressive action. IBMers believe that the application of intelligence, reason and science can improve business, society and the human condition. Restlessly reinventing since 1911, we are the largest technology and consulting employer in the world, with more than 380,000 IBMers serving clients in 170 countries.

Location Statement
For additional information about location requirements, please discuss with the recruiter following submission of your application.

Being You @ IBM
IBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.



  • Computers Software and Hardware
Posted: 2019-08-15 Expires: 2019-09-14

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Global Credit Insurance Program Specialist

Budapest, Budapest 1061

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