Settlements Analyst - Gas, Power & LNG

Recruiter
RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Location
London
Salary
40000.0000
Posted
14 May 2017
Closes
13 Jun 2017
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:

  • Settlement analyst responsible for LNG, gas & power, emissions and FX 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
  • Booking the purchases and sales in SAP through the interface
  • Recording and checking payment due dates
  • Price confirmation with counterparties and billing/invoicing of sales with provisional and final invoices and netting statement
  • 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
  • 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 and receipts
  • Resolving third party disputes
  • To carry out with the procedure/process implemented in ETRM, SAP and other network system
  • Month-end process (accruals and balance reconciliation)
  • To provide trading performance analysis information
  • To work on IT change request

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
  • Settlement experience in LNG, power and Gas is necessary, ideally with LC Knowledge
  • Proficient in Microsoft Office and trading/accounting system (Endur and SAP experience definitely is a plus).
  • Excellent team working and networking skills
  • Possess good interpersonal and communication skills
  • Energetic, enthusiastic, positive and proactive.