Settlements Team Leader, Gas, Power & LNG

Group 29

Salary

COMPETITIVE

Stroke 1

Role Type

Permanent

Group 7

Location

London, UK

Our client is a leading International Integrated Energy Trading Company; a trader of Commodity and Energy products including Crude and Oil Products, Gas, Power, and LNG.

The main purpose of the role is to be the Team Leader responsible for LNG, Gas & Power, and FX Settlement. This involves supporting the invoice process from raising the invoices in Endur and EOS, the firms ETRMs, to uploading into SAP, ensuring the cash is received and cash allocation. The role also includes managing all exchange and OTC margining.

An excellent knowledge of the UK and European gas and power markets is essential, as well as experience in LNG.

PRIMARY FUNCTIONS/RESPONSIBILITIES:

  • Leading the Gas, Power, and LNG Settlements team in all day-to-day aspects of their individual daily activities, to ensure completion of daily deliverables.
  • Leading the Gas, Power and LNG Settlements team in the project, process improvement and New Business activities
  • Conduct the day-to-day performance management of the team members, including performance conversations and objective setting, in conjunction with the Head of Settlements
  • The Team Leader role is part of the daily operational processes that are conducted to support the business, ie this is a hands on role that is expected to contribute to the daily activities being conducted

The daily activities of the team are described below:

  • To handle physical trade invoicing and settlement 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.
  • Process secondary costs relating to gas, power and LNG such as gas and power transportation, inspections for LNG.
  • Ensuring brokerage costs are correct in the ETRM and all invoicing is up to date.
  • Supply weekly cash forecasting for Treasury detailing purchases and sales in order to provision cash flow.
  • Managing the spot physical exchange trade validation process for Power and Gas
  • Running the OTC margining process from Credit Cube so an understanding of margining is required.
  • This involves developing close relationships with the Credit team.
  • Working closely with Legal, providing settlement review and input into Master Agreements and structured contracts for settlement purposes
  • 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 and raising IT work.
  • Supporting the counterparty set up process in Endur, ensuring all controls are met.

EDUCATION, EXPERIENCE & QUALIFICATIONS REQUIRED:

  • Degree in Finance/Banking/Commercial/ or equivalent
  • Settlement experience in LNG, Power and Gas is necessary.
  • Professional background in Settlements, Finance, Accounts or equivalent
  • Proven relevant experience, with thorough understanding of the settlement process and industry related compliance requirements.
  • Proficient in Microsoft Office and trading/accounting system (SAP experience is a plus)
  • Excellent team working and networking skills.
  • Possess good interpersonal and communication skills.

APPLY TODAY

Upload CV: