Physical and Trade Finance, Manager, Houston
The Corporate Operations Group (COG) provides essential and professional support across all areas of Macquarie. COG is comprised of three divisions whose core functions include Market Operations, Technology and Corporate Services Group. These functions work together to provide a seamless multi-disciplinary support infrastructure tailored to business requirements.
With over 3,000 staff in 30 countries, COG maintains a global presence in support of all regions. COG in the Americas employs over 350 people in the Americas.
The Market Operations Division of COG is looking to appoint a Manager in the Physical Trade Finance team.
The team focuses on all aspects of Operational support for Physical Commodities, primarily focused on Oil, within the Energy trading group, and are responsible for:
· Deal Verification
· Confirmations - incoming and outgoing
· Invoicing
· Settlements
· Reconciliations
· Payments
You will be responsible for:
· Supervision and Development of a small team
· Ensuring all daily/monthly tasks are completed by the team in a timely manner.
· Daily Month end reporting to stakeholders as required.
· Identifying and resolving issues, escalating prudentially to direct and senior management.
· Verification of Physical Commodity deals.
· Issuance of Physical Commodity Confirmations.
· Monitoring Reporting of Unconfirmed deals.
· Processing Incoming confirmations.
· Customer Invoice generation for Physical Commodity deals.
· Reconciliation of customer invoices to internal systems, customer records, supply and transportation records.
· Reconciliation of Physical inventory
· Preparation of all relevant documentation for settlement.
· Follow up and resolution of settlement and post settlement adjustments.
· Managing relevant internal and external relationships.
· Cross training between products roles and locations as is required by the business.
To be successful in this role you will have:
· Have previous employment within the Energy industry with specific experience in physical oil.
· Be highly motivated with a confident and professional attitude, possessing high levels of attention to detail.
· Be able to demonstrate potential for, or have experience in either settlement or confirmations.
· Be confident in learning new functions and processes, and be able to question current procedures with a focus on continuous process improvement.
· Be able to work with minimal supervision and maintain confidentiality of client material
· Have the ability to prioritize and problem solve, delivering a high level of quality service to clients on a daily basis, under tight timeframes
· Preferably have experience of working in a team spread across multiple geographical locations.
· Have a risk management and control focus
Qualifications and Background
· Three to five years supervisory experience in the Energy sector, focusing on Physical Oil
· Involvement in working with different geographical locations would be considered an advantage.
· Right Angle experience would be advantageous, but not necessary.
Macquarie is an equal opportunity employer (M/F/D/V).
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