Settlements Analyst
This position is responsible for supporting the Settlements Manager in providing a world class settlements service to the rapidly growing business.
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 a dynamic and ambitious company which is the main trading arm of the world’s largest gas producer.
The key tasks of this role are:
- Working within a small sub team within the Settlements department ensuring the timely settlement of traded products, from issuing of confirmations to invoicing of these trades across the product range;
- 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;
- Liaising and working with the Settlements Manager and Trading Capability teams to develop Settlements capability within the trading system proactively;
- Liaison with various teams within the organisation from Risk Management, Legal, IT, Finance, Treasury and Credit teams 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;
- Maintaining excellent working relationships with counterparties and other teams within the organisation.
- Supporting and developing members of the team in their growth and development.
Duties and Responsibilities:
- Confirmations, invoicing and reporting
- Ensuring the issue of timely and accurate confirmations to counterparties and investigating and resolving discrepancies;
- 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;
- Develop an in depth understanding of the various general bespoke contract terms and conditions for the products and develop robust validation techniques for these invoices.
- Provision of sales and purchases summary to the Reporting team as a basis for accruals and final invoice details for monthly reporting, to meet reporting timetable;
- Ensuring all processes and procedures are constantly reviewed, documented and updated.
Candidate Specification:
Qualifications:
- Degree level education or equivalent work experience in a trading environment.
- In depth knowledge in one of the product ranges: LNG, physical oil, carbon trading market and environment
Skills:
- Experienced in confirmations and invoicing processes for energy and related products;
- Good working knowledge of trading systems;
- Exposure to new systems implementation and systems development.
- 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;
- Ability to work well in a small but growing team;
- 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
Experience:
- Proven experience in a trading environment
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