Lead Settlement Analyst
Gazprom Marketing Trading Singapore Pte Ltd is a wholly owned subsidiary of Gazprom Marketing and Trading Ltd. The new Singapore operation was opened at the end of 2009 and officially launched in March 2010 to further diversify and extend the organisations existing offering to the Asia-Pacific region in one of the major global hubs in commodities trading. The new office will initially focus on liquefied natural gas (LNG) trading, LPG, FX trading and in developing carbon credit origination projects.
This position is responsible for providing a world class Settlements function to the Singapore subsidiary of Gazprom Marketing Trading.
The role is an excellent opportunity for a talented and motivated individual to gain exposure across a very wide range of energy products and to work in the dynamic and ambitious subsidiary company of the main trading arm of the world’s largest gas producer Gazprom OAO.
The key tasks of this role are:
- Managing and supporting a small team spanning Singapore and London, working on clean energy, LPG, LNG, Shipping and Oil products
- Settlements of traded products, from issuing of confirmations to invoicing of these trades across the product range, including LNG, FX, carbon and other financial products, such as financial coal
- Making suggestions for improvement to the trading system and work flow processes, to implementation and extension of these suggestions in order to support the expansion of the company’s geographic and product reach;
- Working with Trading Capability teams to develop and enhance Settlements capability within the trading system;
- Liaison with various teams within the organisation from Risk Management, Legal, IT, Finance, Treasury and Credit teams across GMTS and GMT to ensure integrity of data within the trading system to accurate reporting within defined timescales;
- Supporting the trading desk in counterparty relationships and in ensuring quality information flows across the business;
- Assisting Settlements Manager in London and Finance Manager in Singapore in specific projects and day to day duties.
- Maintaining excellent working relationships with counterparties and other teams within the organisation.
Duties and Responsibilities:
- Managing a global team spanning London and Singapore seamlessly to optimise the support for the relevant products.
- Responsibility for the end to end process of confirmations for products traded in a timely fashion according to the negotiated contract or general terms and conditions;
- Production of invoices for the various commodities and products according to the specific contractual terms by generating sales and pro-forma purchase invoices, including detailed back up;
- Proactively investigate and taking action to resolve any disputes with counterparties;
- Reaching agreement with counterparties within contracts terms, with no significant impact on settlement terms.
- Have an understanding of various sundry invoices from other counterparts and develop robust validation techniques for these invoices.
- Liaison with the Reporting team to provide additional monthly and ad hoc reports as required.
- Ensuring all processes and procedures are constantly reviewed, documented and updated.
- Pro-active communication with the Front Office e.g. Traders.
Candidate Specification:
Qualifications:
- Degree level education and a minimum of 3 - 4 years experience of working in an energy or commodity trading environment.
- Part qualified accounting would be an advantage
Skills:
- Experience in working across and with global teams.
- Experienced in trade deal life cycle events - confirmations and invoicing processes for energy and related products
- Understanding and experience of energy market developments
- Fluent in English with excellent written and verbal communication skills; other language skills would be a benefit particularly Mandarin
- Experience of working with trading counterparties and direct contact with trading desks
- Good working knowledge of trading systems, strong MS Word, Excel
- Exposure to new systems implementation and systems development
Competencies:
- Concern for accuracy and ability to meet tight deadlines
- Strong 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.
Experience:
- Proven experience of Settlements and Trade Confirmations ideally gained in an energy trading environment (e.g. gas, oil products, or carbon). Experience of LNG would be an advantage. Experienced gained in a banking environment would be a consideration.
- Experience of working in an international organisation with overseas parent company an advantage.
Leave a Reply
You must be logged in to post a comment.