Oil Settlements Analyst

Group 29

Salary

COMPETITIVE

Stroke 1

Role Type

Contract

Group 7

Location

London, UK

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:

  • Settlement of Biofuel cargo costs including but not limited to freight, shipping costs, insurance, inspections, demurrage, brokerage and other non-cargo costs.
  • Raising payment and invoices in both ETRM system and posting 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 items process times within ETRM, Internal settlement system, & SAP.
  • To provide activities performance analysis & desk KPI’s
  • To assist month-end reconciliation
  • 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.

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