Job Reference Number:
Settlements Analyst - Oil
Mid Office & Finance
This well respected global trading company requires a Settlements Analyst - Oil to join their expanding team. to be based in London.
DUTIES AND RESPONSIBILITIES
Have a very good understanding about the SAP or other accounting package
Operate oil trades interface, bookings in SAP via control penal from ETRM
Liaise with traders and operators to resolve any queries and ensure accurate and timely trade processing
Experienced in month-end closing from Settlements prospective
To provide Month end reconciliation of ERTM vs SAP and liaising with reporting team to ensure accurate PnL.
To run the payment run (if required)
To carry out the procedure/process in ETRM, Control Panel, SAP and other network system, and to identify and implement improvement for the system change
Ensure settlement procedures are updated as and when required
Cover for other members of the team in times of absence
Also need to be able to perform the below Settlements tasks when requested:
To handle physical oil trade settlements including contract terms review, due date control and billing from ETRM system and SAP
Reviewing contracts/service agreements for settlement purposes
Checking purchases and sales orders in SAP through the Control Panel
Deal processing of commercial information in SAP for Export Sales and Purchases.
Inbound/Outbound Freight processing in SAP
Recording and checking payment due dates
Price confirmation with counterparties and billing/invoicing of sales both provisional and final invoices
To ensure incoming & outgoing funds receipt or payment received on time, if any delay in payment, interest shall be applied as per contract , AR ageing follow-up
Process secondary costs such as; freight, insurance, inspections, demurrage and port costs
Supply weekly cash forecasting for Treasury detailing oil purchases, export sales in order to provision cash flow
Resolving third party disputes
To provide KPI and Trading performance analysis information
Other tasks the line manager may request.
Education - Degree in Finance/Banking/Commercial/Maritime Studies or equivalent
Qualifications - Professional accounting qualification preferred
Professional Background - Finance, Accounts or equivalent
Working Experience - Minimum 5 years relevant experience
Settlement experience and LC Knowledge, ideal
Excellent team working and networking skills
Possess good interpersonal and communication skills
Energetic, enthusiastic, positive and proactive
Proficient in Microsoft Office and SAP
Symphony knowledge and experience would be desirable.
Oil Recruitment is working as an agent on behalf of a client for this role. We have been working with some of the world's leading banks, trading companies, major oil companies and utilities within the energy trading arena since 1998. We work on roles in trading, broking, risk, credit, quantitative analysis, consultancy, shipping, chartering, operations and contract analysis across the upstream and downstream energy markets in crude, oil products, gas, power and carbon. All vacancies and information on our business are at www.oilrecruitment.co.uk
Oil Recruitment is acting as an Employment Agency in relation to this vacancy. The recruiter has stated that all applicants for this job should be able to prove they are legally entitled to work in the UK. www.oilrecruitment.co.uk