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For Companies At a Glance
- 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, bonus plan, 25 days holiday, and robust health benefits.
- Why this job: Join a diverse team and make an impact in the energy transition.
- Qualifications: Experience in physical gas operations and strong analytical skills required.
- Other info: Opportunities for training and development in a supportive environment.
The predicted salary is between 36000 - 60000 ÂŁ 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:
- P&L reporting (daily/weekly/monthly)
- Produce and explain daily P&L for physical gas portfolios (flow, storage, balancing, transport), including:
- Realised vs unrealised, accruals, provisions, and timing differences
- Drivers: price moves, volume revisions, FX, fees, losses, constraints
- Volume/price validation (index formulas, averaging windows, FX, calendars)
- Transmission/storage fees, balancing charges, shaping, losses
- Ensure timely issuance/approval of invoices; manage query log and resolve disputes.
- Reconcile counterparty statements to internal records and escalate material breaks.
- Support credit/collections with accurate contractual and operational evidence.
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) employer: Engelhart
Contact Detail:
Engelhart Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land EU Physical Gas Specialist (Middle Office Operations)
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at Engelhart or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of EU physical natural gas operations. Be ready to discuss P&L reporting and storage contracts in detail. Show them you know your stuff and can hit the ground running!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Engelhart. Let’s make it happen!
We think you need these skills to ace EU Physical Gas Specialist (Middle Office Operations)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of EU Physical Gas Specialist. Highlight your experience in middle office operations and any relevant skills that match the job description. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your experience makes you a perfect fit. Don’t forget to mention our company values and how you embody them.
Showcase Your Analytical Skills: Since this role involves P&L reporting and data management, make sure to highlight your analytical skills. Share examples of how you've successfully managed large datasets or improved processes in previous roles. We love a good success story!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Engelhart
✨Know Your Numbers
Make sure you’re well-versed in P&L reporting and the physical gas trade lifecycle. Brush up on how to explain realised vs unrealised gains, accruals, and provisions. Being able to discuss these concepts confidently will show that you understand the core responsibilities of the role.
✨Familiarise with Storage Contracts
Understand the economics behind storage contracts and operational constraints. Be prepared to discuss how you would handle disputes related to storage fees and statements. This knowledge will demonstrate your readiness to support the team effectively.
✨Excel Skills are Key
Since strong Excel skills are essential for this role, practice using pivot tables, lookups, and even VBA if you can. Bring examples of how you've used these skills in past roles to improve processes or reporting. This will highlight your analytical capabilities.
✨Communicate Clearly
Prepare to articulate your thoughts clearly, especially when discussing P&L attribution and reconciliation. Think about how you would present concise commentary for traders and finance teams. Good communication can set you apart from other candidates.