Senior Oil Settlements Analyst

Group 29

Salary

COMPETITIVE

Stroke 1

Role Type

Permanent

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. The business continues to grow, and develop into exciting new products; offering new employees a very entrepreneurial, fast paced and changing environment to work in.

This role is responsible for the timely and accurate settlement of Physical Oil, Biofuels and Products. This involves raising invoices in the ETRM, checking relevant shipping documents and approvals to ensure complete settlement packs for both purchases and receivables are raised, and processing payments and ensuring cash is received.

RESPONSIBILITIES:

  • Settlement of physical cargos for Oil, Biofuels and Products, also including Freight, Demurrage and other cargo related costs following the industry master agreements standards and definitions
  • Price confirmation with counterparties and invoicing of sales, both provisional and final invoices
  • Ensuring settlement dates comply with the payment due dates specified in the Master Agreements
  • To ensure timely receipt and payment of funds, liaising with Treasury, Compliance and Front Office as required, taking appropriate action where any issues are identified.
  • Supply daily/weekly cash forecasting for Treasury detailing purchases and sales to provision cashflow.
  • Developing strong relationships with traders, operators, and the business, working to resolve disputes and ensure accurate and timely payments.
  • Resolving third party disputes proactively.
  • Support the month-end process, working closely with accounting.
  • To work on IT change requests and projects, identifying process improvements.
  • Supporting the counterparty set-up process in Symphony, ensuring all controls are met.
  • Chasing of overdue Debtors.

EDUCATION & QUALIFICATIONS REQUIRED:

  • Degree in Finance/Banking/Commercial/equivalent
  • Proven relevant experience, with thorough understanding of the settlement process and industry related compliance requirements.
  • Proven relevant settlement experience in Physical cargoes essential.
  • Solid Commodity industry knowledge on the physical and financial side of trading activities.
  • Proficient in Microsoft Office and trading/accounting systems (SAP experience is a plus)
  • Excellent team working and networking skills.
  • Possess good interpersonal and communication skills.
  • Energetic, enthusiastic, positive, and proactive.

APPLY TODAY

Upload CV: