Senior Settlement Analyst
Senior Settlement Analyst - LNG, Gas Power
JOB RESPONSIBILITIES
- Acting as team leader/senior settlement analyst responsible for LNG, gas power settlement
- To handle physical trade settlement including trades details review, due date control and billing from ETRM system and SAP including:
- Reviewing contracts/service agreements for settlement purposes
- Checking purchases and sales orders in SAP through the Control Panel
- 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 shall value on time, if any delay in payment, interest shall be applied as per contract , AR APageing follow-up
- Process secondary costs includes additional cost such as freight, insurance, inspections, demurrages
- Supply weekly cash forecasting for Treasury detailing purchases and sales in order to provision cash flow
- Liaising with traders and operators to resolve disputes and ensure accurate and timely payments
- Resolving third party disputes
- To carry out with the procedure/process implemented in ETRM, Control Panel, SAP and other network system
- Month-end process (accruals and stock reconciliation)
- To provide trading performance analysis information
- To work on IT change request
QUALIFICATION REQUIREMENTS
Education - Degree in Finance/Banking/Commercial/Maritime Studies or equivalent
Professional Background - Finance, Accounts or equivalent
Working Experience
- Minimum 5 years relevant experience, with thorough understanding of the settlement process and industry related compliance requirement
Other Requirements
- Settlement experience in LNG, power and Gas is necessary, ideally with LC Knowledge
- Proficient in Microsoft Office and trading/accounting system (SAP experience definitely is a plus)
- Excellent team working and networking skills
- Possess good interpersonal and communication skills
- Energetic, enthusiastic, positive and proactive
***Oil Recruitment has 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.
To learn more about our business and to see details of our other vacancies visit www.oilrecruitment.co.uk.
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