Settlements Analyst (Oil)

1 day left

Insight Recruitment Solutions
London, South East England
22 Jul 2017
21 Aug 2017
Contract Type
Full Time

Job 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.

Other 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.

Qualification Requirments:

  • Degree in Finance/Banking/Commercial/Maritime Studies or quivalent.
  • Professional background in Finance/Accounts or equivalent.