Ancillary Settlements Analyst

Role Title:    Ancillary Settlements Analyst

Role Synopsis:    The role sits in the world-class trading team, comprising the trading activities of the Oil, Gas and Power, Chemicals, Finance and Shipping markets. It has a distinct capability through its people, their skills and know-how, risk management approach, systems and control processes. It creates value for the company by combining those capabilities with the dynamic and material asset base of the organisation. The trading arm is a global business with key locations in North America, Europe, Middle East, Africa, Asia and Australasia.

The post is within the Trade Completion team which supports Oil Commercial Refining Trading and Gas Power businesses as part of the Gas, Renewables Supply and Trading organisation.

An ancillary settlement analyst's key role is to ensure that accounts payable/receivable invoices are created/paid accurately and in a timely manner. The role includes contract pricing and cost approval with focus on working capital optimisation and assistance to treasury with effective cash forecasting. Other key responsibilities include meeting deadlines around settlement due dates and ensuring open items and tax errors remain minimal and exceptional.

Key Accountabilities:    
•    Processing all ancillary costs incurred in the movement of oil on the back of London originated physical oil trading and creating cost recovery invoices.
•    Continual monitoring of work loads via Position Manager, SAP, Manual payments inbox and Openbooks.
•    Liaising with demurrage negotiators, operators, traders/marketers and external counterparties.
•    Providing accurate, up to date details of projected cash flows to enable Finance to manage daily cash requirements.
•    Investigating and eliminating anomalies on the balance sheet.
•    Credit control function to ensure that funds are received on time and liaise with counterparties should any discrepancies occur.

Essential  Criteria:    
•    Good communicating and interpersonal skills, networking and influencing, are essential
•    Team working skills
•    Numeracy and Accuracy
•    IT skills
•    Flexibility and ability to work in pressurised situations
•    Determination to complete - and to deadlines.
•    Excel Experience (Intermediate)

Desirable Criteria:    Part qualified in CIMA/ACCA or equivalent SAP Experience

April 12, 2013 • Tags:  • Posted in: Financial

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