Graduate Commodities Settlements Analyst
An exciting opportunity to work in a world class settlements team within rapidly growing and changing Commodity business
The role is an excellent opportunity for a talented, motivated and self-starter individual to expand their skills and build on their knowledge of the energy trading environment. The role will build their exposure across a range of physical products and the organisation, while working in a dynamic and ambitious company
The key tasks of this role are:
- Working closely within the Settlements department ensuring the timely settlement of physical products, from issuing of confirmations to invoicing of these trades across the product range;
- Becoming the prime contact within settlements in ensuring the understanding of various complex tolling contracts, either in the UK or Europe, and the subsequent implementation of the settlements terms from system development, testing and implementation;
- Working closely with Front Office representatives for these products, supporting and initiating improvements to the trading systems and work flow processes within Settlements, Finance and across FO to Settlements, to implementation and extension of these suggestions in order to support the expansion of the company’s geographic and product reach;
- Supporting the trading desk in counterparty relationships and in ensuring quality information flows across the business;
- Maintaining excellent working relationships with counterparties and other teams within the organisation.
Duties and Responsibilities:
Confirmations, invoicing and reporting
- Working with the team to manage the issue of timely and accurate confirmations to counterparties and investigating and resolving discrepancies;
- Minimising the number of outstanding confirmations to ensure that risk is mitigated;
- Ensuring the team issues invoices for the various commodities and products according to the specific contractual terms by generating sales and shadow invoices, including detailed back up;
- Develop in depth understanding of the various general bespoke contract terms and conditions for the products and develop robust validation techniques for these invoices.
- Proactively investigating and taking action to resolve any disputes with counterparties
- Ensuring all processes, procedures and controls are constantly reviewed, documented and updated.
- Building solid working relationships with internal external counterparties and stakeholders;
Candidate Specification:
Qualifications:
- Degree level education or equivalent work experience
Skills:
- Fluent in English with excellent written and verbal communication.
Competencies:
- Concern for accuracy and ability to meet tight deadlines;
- Attention to detail;
- Diligent and dependable;
- Good organisational and execution skills;
- Able to work as part of a team as well as individually;
- Able to work effectively cross-functionally with all areas of the business;
- Dedication to review and improvement of existing processes;
- Commercially astute with the ability to develop and understand issues
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