Settlements Analyst - Oil

3 days left

Recruiter
RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Location
London, South East England
Salary
40000.0000
Posted
21 Jul 2017
Closes
20 Aug 2017
Sector
Engineering
Contract Type
Permanent
Hours
Full Time

Our client is a trader of Commodity and Energy products including, Gas, Power and Oil products based in Central London. The business continues to grow (headcount expected to double by 2020) and develop into exciting new products (trading volumes doubled since 2014/15!); offering new employees a very entrepreneurial, fast paced and changing environment to work in.

RESPONSIBILITIES:

  • To handle physical oil trade settlements in a timely and accurate manner, including contract terms review, due date control and raising payment and invoices in both ETRM system and SAP, which requires:
    - Reviewing the trade contracts and service agreements for settlement purposes
    - Checking purchases and sales orders in SAP through the Control Panel
    - 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 ageing follow-up
    - Process secondary costs includes additional cost such as freight, insurance, inspections, demurrages
  • Understand the trading incoterms and can do the manual pricing calculation
  • To supply weekly cash forecasting for Treasury
  • To liaise with traders and operators to resolve disputes and ensure accurate and timely payments
  • To carry out with the procedure/process implemented in ETRM, Control Panel, SAP and other network system
  • To provide trading performance analysis information
  • To assist month-end reconciliation

EDUCATION & QUALIFICATIONS REQUIRED:

  • Educated to bachelor degree level as a minimum requirement
  • Previous work based relevant experience, with thorough understanding of the
  • settlement process and industry related compliance requirements
  • Good understanding of physical oil trading and logistic
  • Settlement experience and LC Knowledge
  • Excellent team working and networking skills
  • Possess good interpersonal and communication skills
  • Energetic, enthusiastic, positive and proactive
  • Proficient in Microsoft Office and trading/accounting system