Oil Settlement Analyst – Ancillary Costs

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.

RESPONSIBILITIES:

To handle the oil trading related ancillary cost settlements in a timely and accurate manner, which will involve:

  • Settle the secondary costs including but not limited to freight, shipping costs, insurance, inspections, demurrage, brokerage and other non-cargo costs.
  • Invoices due date control, raising payment and invoices in both ETRM system and post in SAP
  • Review the trade contract term s and service agreements for ancillary settlement purposes
  • Ensure incoming & outgoing funds receipt or payment shall value on time, AR ageing follow up.
  • Liaise with trading desk and operators to resolve any potential issues or disputes to ensure accurate and timely payments and claims
  • To carry out with the procedure/process implemented in ETRM, Control Panel, SAP and other network system
  • To provide activities performance analysis information
  • To assist month end reconciliation
  • Other tasks assigned by the manager

EDUCATION & QUALIFICATIONS REQUIRED:

  • Educated to bachelor’s degree level as a minimum requirement (or equivalent)
  • Work based relevant experience in physical oil or secondary costs settlements.
  • Solid industry knowledge on the physical and financial side of the trading activities.
  • Thorough understanding of the settlement process and industry related compliance requirements.
  • ETRM and accounting system knowledge is a requirement.

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