At a Glance
- Tasks: Join our Settlements Team to manage timely settlements and invoicing for energy trading.
- Company: Be part of a global leader in energy trading and gas operations.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and learning.
- Why this job: Gain hands-on experience in a fast-paced industry while collaborating with diverse teams.
- Qualifications: Degree-level education and experience in gas or power settlements preferred.
- Other info: Ideal for those looking to kickstart their career in the energy sector.
The predicted salary is between 36000 - 60000 £ per year.
About the Company
Our client is a global leader in energy, specialising in energy trading, gas transportation, and gas storage operations.
About the Role
The Settlements Analyst will be part of the Settlements Team within the Trading Operations Department and will be responsible for supporting the trading activities arising from the Power, Gas, Derivatives and FX desks in London, offering a unique opportunity to gain experience across a broad spectrum of commodity products within a dynamic, fast-paced environment.
Responsibilities
- Settlement Management: Ensure the timely settlement of various products, including Physical Gas, Power, Environmental Products, Green Certificates, Derivatives, and FX Settlements.
- Invoicing & Payments: Manage the timely production of invoices and payments for LNG and Shipping transactions, adhering to specific contractual terms. Ensure accurate pricing and due date calculations as per contract agreements.
- Contract Understanding: Develop a thorough understanding of general and bespoke contract terms and conditions, particularly for LNG and shipping, and implement robust validation techniques.
- Discrepancy Resolution: Address and resolve discrepancies or issues raised by counterparties.
- Project Involvement: Participate in key business projects, including the implementation of new systems.
- Support Front Office Operations: Assist the Front Office team by understanding new products and ensuring their integration into the settlements process.
- Cross-Functional Collaboration: Work closely with the Front Office, Finance, and Settlements teams to improve trading systems, workflows, and processes.
Required Skills and Experience
- Proven experience in gas or power settlements, ideally in a commodity trading firm.
- Contract review experience from a settlements perspective.
- Knowledge of ENDUR is ideal.
- Experience working directly with trading counterparties, commercial operators, and traders is an advantage.
- Degree-level education or equivalent.
Settlements Analyst - Power and Gas employer: TalentEdge
Contact Detail:
TalentEdge Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlements Analyst - Power and Gas
✨Tip Number 1
Familiarise yourself with the specific products you'll be dealing with, such as Physical Gas and Power. Understanding these commodities will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the energy trading sector, especially those who have experience in settlements. Engaging with industry experts can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your knowledge of contract terms and conditions, particularly for LNG and shipping. Being able to discuss these topics confidently during conversations can set you apart from other candidates.
✨Tip Number 4
If you have experience with ENDUR or similar trading systems, be prepared to discuss it in detail. Highlighting your technical skills can show that you're ready to hit the ground running in this role.
We think you need these skills to ace Settlements Analyst - Power and Gas
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in gas or power settlements. Include specific examples of your work with commodity trading firms and any contract review experience you have.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your understanding of the responsibilities, such as settlement management and invoicing, and how your background aligns with these tasks.
Highlight Relevant Skills: Emphasise your knowledge of ENDUR and any experience working with trading counterparties. This will show that you have the technical skills necessary for the Settlements Analyst position.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at TalentEdge
✨Know Your Commodities
Make sure you have a solid understanding of the commodities you'll be dealing with, especially gas and power. Brush up on the latest trends in energy trading and be prepared to discuss how they might impact settlements.
✨Familiarise Yourself with Contract Terms
Since contract understanding is crucial for this role, review common terms and conditions related to LNG and shipping. Be ready to explain how you would approach discrepancies or issues that may arise from these contracts.
✨Highlight Relevant Experience
Be specific about your previous experience in settlements, particularly in commodity trading. Share examples of how you've managed invoicing, payments, or resolved discrepancies in past roles.
✨Showcase Your Teamwork Skills
This role requires cross-functional collaboration, so be prepared to discuss how you've worked with different teams in the past. Highlight any projects where you contributed to improving workflows or processes.