Our client is a trader of Commodity and Energy products including, Gas, Power and Oil products based in Central London.
RESPONSIBILITIES:
To assist the present Settlement Team in processing all biofuel related Cargo and ancillary cost in a timely and accurate manner, which will involve:
- To handle the oil trading related ancillary cost settlements in a timely and accurate manner, which will involve:
- Settling the secondary costs including but not limited to freight, shipping costs, insurance, inspections, demurrage, brokerage and other non-cargo costs.
- Invoices due date control, raising payment and invoices in both ETRM system and post in SAP
- Review the trade contract terms and service agreements for ancillary settlement purposes
- ensure incoming & outgoing funds receipt or payment shall value on time, AR ageing follow-up
- Liaise with trading desk and operators to resolve any potential issues or disputes to ensure accurate and timely payments and claims
- To carry out with the procedure/process implemented in ETRM, Control Panel, SAP and other network system
- To provide data analysis information & process changes
- To assist on present Settlement Projects.
- Other tasks assigned by the manager
EDUCATION & QUALIFICATIONS REQUIRED:
- Educated to Degree level in Finance/Banking/Commercial/Maritime Studies or equivalent
- Work based relevant experience in physical Oil Products or secondary costs settlements.
- Solid industry knowledge on the physical and financial side of the trading activities.
- Thorough understanding of the settlement process and industry related compliance requirements.
- ETRM and accounting system knowledge is a requirement.
