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- Tasks: Manage daily operations for EU physical natural gas, including P&L reporting and invoicing.
- Company: Engelhart, a dynamic commodities trading company with a collaborative culture.
- Benefits: Competitive salary, 25 days holiday, robust benefits package, and training opportunities.
- Other info: Inclusive workplace promoting diversity and excellent career growth.
- Why this job: Join a forward-thinking team and make an impact in the energy transition.
- Qualifications: Experience in EU physical gas operations and strong analytical skills required.
The predicted salary is between 36000 - 60000 £ per year.
About Us
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is "asset light" and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients' renewable power. The acquisition also expanded Engelhart's capabilities into physical natural gas across North America, a critical fuel to support the energy transition. Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.
About the Role
We are looking for an experienced Middle Office professional to own and deliver day-to-day support for EU physical natural gas activity. Their remit will cover P&L reporting, storage contracts, imbalance management, and invoicing/settlements, ensuring accurate commercial outcomes, strong control environment, and timely reporting to Trading, Finance, and Operations. This person can expect to interface with Gas Traders & Originators directly, as well as Scheduling/Logistics, Back Office/Settlements, Finance and Risk.
This will be a full-time role, owning the following responsibilities:
- Produce and explain daily P&L for physical gas portfolios (flow, storage, balancing, transport), including: Realised vs unrealised, accruals, provisions, and timing differences.
- Validate trade capture and market data (curves, indices, FX) and resolve breaks with Front Office and IT.
- Support month-end close: reconciliations, journal support, commentary packs, audit trail documentation.
- Maintain controls around valuation inputs (indexation, resettlements, true-ups).
- Storage contracts & nominations (commercial/operational support): Ensure correct capture of storage fees and optionality components where applicable.
- Support dispute resolution on storage statements and fees with counterparties/operators.
- Provide imbalance reporting, root-cause analysis, and escalation to Trading/Scheduling.
- Own end-to-end invoicing support for physical gas deliveries and services: Volume/price validation (index formulas, averaging windows, FX, calendars).
- Ensure timely issuance/approval of invoices; manage query log and resolve disputes.
- Reconcile counterparty statements to internal records and escalate material breaks.
- Maintain high-quality reference data: points, hubs, TSOs, products, units, calendars, VAT/tax fields (where relevant).
- Develop/maintain reporting tools (Excel/VBA, Power Query, SQL, Python - depending on stack).
About You
The following experiences and skills are essential for success in this role:
- Proven years of experience in EU physical natural gas middle office operations with a strong understanding of physical gas trade lifecycle.
- Experienced with storage contract economics and operational constraints.
- Comfortable with imbalance/cash-out concepts and allocation processes.
- Ability to manage and discuss P&L attribution and reconciliation in a commodities context.
- Familiarity with ETRM systems and statement/invoice workflows.
- Strong Excel skills (pivoting, lookups; VBA desirable); comfort in handling large datasets.
- High attention to detail, with strong analytical and reconciliation capability.
- Clear communication, e.g. able to produce concise P&L and operational commentary for traders/finance.
- Ability to manage deadlines (daily reporting + month-end) and multiple stakeholders.
In addition, the following is not required, but highly desirable for this role:
- Hub/market familiarity (e.g., TTF, NBP, THE, PEG) and exposure to TSO processes.
- Knowledge of VAT/tax invoicing basics for energy commodities in Europe.
- Power BI/Tableau, SQL, Python for automation.
- Experience with audit/control frameworks and process documentation.
What we offer
- Competitive compensation and participation in Engelhart's discretionary bonus plan.
- 25 days of annual holiday entitlement, excluding UK public holidays.
- Robust benefits package such as medical, dental, life insurance, generous pension contribution, and supplemental benefits partially subsidised by the Company.
- Eligibility to receive external and internal training in accordance with our Training & Development Policy.
We believe in inclusivity and are therefore dedicated to ensuring all employees – across gender identity, race, ethnicity, sexual orientation, religion, life experience, background and more – feel welcome and included in the company. We promote diversity because we believe it is essential to our ability to think holistically.
EU Physical Gas Specialist (Middle Office Operations) in London employer: Engelhart CTP Group
Contact Detail:
Engelhart CTP Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land EU Physical Gas Specialist (Middle Office Operations) in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values, especially around performance and collaboration, so you can show how you fit right in. Tailor your answers to reflect their priorities!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to get comfortable with common questions. The more you practice, the more confident you'll feel when it’s time to shine.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace EU Physical Gas Specialist (Middle Office Operations) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the EU Physical Gas Specialist role. Highlight relevant experience in middle office operations and any specific skills that match the job description, like P&L reporting or storage contracts.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your understanding of the physical gas trade lifecycle and how your past experiences align with Engelhart's values.
Showcase Your Analytical Skills: Since this role requires strong analytical capabilities, be sure to include examples of how you've successfully managed data, reconciled accounts, or improved processes in your previous roles. Numbers speak volumes!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Engelhart CTP Group
✨Know Your Numbers
As an EU Physical Gas Specialist, you'll be dealing with P&L reporting and financial data daily. Brush up on your understanding of realised vs unrealised gains, accruals, and provisions. Be ready to discuss how you would approach P&L attribution and reconciliation in a commodities context.
✨Familiarise Yourself with the Market
Get to know the key hubs and markets like TTF, NBP, and PEG. Understanding these will not only help you answer questions more confidently but also show your genuine interest in the role and the industry. Research recent trends and news in the physical gas market to bring up during your interview.
✨Showcase Your Analytical Skills
Highlight your experience with data analysis tools like Excel, SQL, or Python. Prepare examples of how you've used these skills to improve processes or resolve discrepancies in past roles. Being able to demonstrate your analytical capabilities will set you apart from other candidates.
✨Communicate Clearly
Effective communication is key in this role, especially when producing concise P&L and operational commentary for traders and finance teams. Practice explaining complex concepts in simple terms. During the interview, focus on clarity and ensure you articulate your thoughts well, as this will reflect your ability to collaborate with various stakeholders.