Centrica • United Kingdom

Credit Risk Manager

Employment type:  Full time


A little flex time

Apply now

Job Description

We are Centrica! We’re so much more than an energy company. We’re a family of brands revolutionising a cleaner, greener future. Working here is #MoreThanACareer - we’re powered by purpose. Together we can make an impact that will truly change tomorrow. Whether you’re developing cutting-edge green tech, helping customers on the front line or simplifying operations behind the scenes.

Your work here isn’t just a job – it’s a mission. We all play a vital role in energising a greener, fairer future.

This role as the Credit Risk Manager sits within the Centrica Group Credit Risk function and involves taking operational responsibility of delivering high value credit risk underwriting throughout the Centrica group. Collaborating with key business unit stakeholders and operational teams, promoting active risk management that supports our growth strategy whilst minimising any bad debt losses.

Location - Flexible

The Role

  • Supporting senior managers and directors in understanding emerging themes, utilising financial analysis to make proactive recommendations and assurances for credit risk issues.
  • Ensure that credit risk management processes are embedded within the respective BU’s for high value exposures.
  • Undertake regular and irregular customer life cycle reviews to assess the suitability of original unsecured or secured credit decision.
  • Have a clear understanding of the credit risk policy and techniques used to mitigate credit risk.
  • Excellent analytical and report writing skills with an ability to clearly articulate and communicate credit decisions and justify outcomes.
  • Undertake rating assessments, using both external tools and proprietary internal rating tools.
  • Provide independent and robust recommendations to Senior Management on large key counterparty risks.
  • Undertake comprehensive and detailed credit assessment of new acquisitions for Centrica business units in the UK&I, Europe and North America.
  • Conduct the credit risk evaluation at renewal including in-cycle contract credit reviews on all key counterparties.
  • Thorough understanding of supply chain risk for strategic and critical procurement contracts that support Centrica and its business units.
  • Ability to understand and evaluate the credit risk associated to long term Power Purchase Agreements (PPA). Contracts.
  • Commercial acumen to review commercial deal structures evaluating payback periods and IRR as well as an ability to understand complex commercial and contractual issues regarding credit risk provisions.

Qualifications and Experience

  • Proven track record in Counterparty Credit Risk Analysis, with experience in a similar senior role within the Credit Insurance or financial services industry.
  • A solid understanding of corporate finance, financial markets, and industry trends, particularly in relation to corporate credit risk management.
  • In-depth understanding of credit risk principles, methodologies, and best practices, with the ability to assess complex credit risk profiles and make sound underwriting decisions.
  • Strong analytical skills with the ability to conduct comprehensive credit risk analyses, identify potential risks, and propose effective risk mitigation strategies.
  • Ability to thrive in a fast-paced environment, adapt to changing priorities, and remain resilient under pressure while maintaining a high standard of work.
  • Experience of working a varied workload, and prioritising demands form multiple stakeholders.
  • Lead, build and develop a team of credit underwriters, providing specialist analytical support to achieve sustainable profitable growth across Centrica.
  • Managerial Experience preferable


At Centrica we embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. To build a more sustainable future, we need the best team – a team with a diverse mix of people and skills, where everyone feels welcome and able to succeed. We are dedicated in helping to close the diversity gap and would love to see more females, people of colour and LGBTQ+ employees, as well as those from a variety of cultures and ethnicity to veterans and the differently abled. Supporting diversity and inclusion is a big part of who we are, we are not looking for people to fit into our culture but to add to it!

PLEASE APPLY ONLINE by hitting the 'Apply' button.

Applications will ONLY be accepted via the ‘Apply’ button.

This role is being handled by the Centrica recruitment team and NO agency contact is required.

Company benefits

Adoption leave
Open to part-time employees
Enhanced sick days
Flexible working week
Enhanced sick pay
Gym membership
Health insurance
Mental health platform access
Compassionate leave
Dental coverage
Fertility treatment leave
Season ticket loan
Buy or sell annual leave
Optional unpaid leave
Shared parental leave
Enhanced maternity leave
Carer’s leave
Enhanced paternity leave
Pregnancy loss leave
Cycle to work scheme
Pension match/increase
Equity packages
Life insurance
Annual pay rises
Share options
Financial coaching
Employee discounts
Volunteer days
Company car
Employees are very happy with their working location freedom
Employees are very happy with the flexibility in the hours they work
Employees are very happy with the benefits their company offers
Work-life balance
Employees feel that they can switch off quite easily from work
Role modelling
Employees feel that flexible working is part of the culture
Employees feel they have complete autonomy over getting their work done

Additional employee ratings
(these do not contribute to the FlexScore®)

Employees feel that the diversity is good and there are continued efforts to improve it
Employees feel like the company culture is brilliantly inclusive and equitable
Employees feel like it is a really great environment to work in
Employees feel very excited about and aligned with the company mission
Employees feel that their salary is good and matches the value they bring

Working at Centrica

Company employees


Gender diversity (male:female)


Office locations

Windsor, London, Cardiff, Leicester, Glasgow, Edinburgh, Manchester, Dublin, Stockport, Staines, Hampton, Aberdeen, Barrow, Hull

Hiring Countries




United Kingdom

Awards & Achievements

2nd – Large companies

2nd – Large companies

Flexa100 2024
3rd – Consumer Goods

3rd – Consumer Goods

Industry awards 2023

Other jobs you might like