Senior Oil Settlements Analyst

Permanent – Based: Central London 
Competitive Base Salary + Bens + Bonus

Our client is a trader of Commodity and Energy products including, Gas, Power and Oil products based in Central London.

We are seeking an experienced Oil Settlements Analyst with a good understanding and experience with SAP (or similar accounting package), who is very experienced in month-end closing from a settlement’s perspective and ideally has proven leadership skills.

RESPONSIBILITIES:

  • To handle physical oil trade settlements including contract terms review, due date control and billing from ETRM system and SAP
  1. Reviewing contracts/service agreements for settlement purposes
  2. Checking purchases and sales orders in SAP through the Control Panel
  3. Deal processing of commercial information in SAP for Export Sales and Purchases
  4. Inbound/Outbound Freight processing in SAP
  5. Recording and checking payment due dates
  6. Price confirmation with counterparties and billing/invoicing of sales both provisional and final invoices
  7. To ensure incoming & outgoing funds receipt or payment received on time, if any delay in payment, interest shall be applied as per contract, AR ageing follow up
  8. Process secondary costs such as: freight, insurance, inspections, demurrage and port costs
  • Supply weekly cash forecasting for Treasury detailing oil purchases, export 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 the procedure/process implemented in ICTS, Control Panel, SAP and other network systems.
  • To provide KPI and Trading performance analysis information
  • Month end reconciliation of ERTM vs SAP and liaising with reporting team to ensure accurate PnL.
  • Actively identify system efficiencies to streamline processes
  • Ensure settlement procedures are updated as and when required
  • Cover for other members of the team in times of absence

EDUCATION & QUALIFICATIONS REQUIRED:

  • Educated to bachelor’s degree level as a minimum requirement (or equivalent)
  • Professional accounting qualification preferred but not essential.
  • Extensive work-based experience in Commodity/Energy trading settlements is necessary
  • 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 SAP
  • Symphony knowledge and experience would be desirable

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