Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage daily P&L reporting and support EU physical natural gas operations.
- Company: Engelhart, a dynamic commodities trading company with a collaborative culture.
- Benefits: Competitive salary, 25 days holiday, robust benefits package, and training opportunities.
- Why this job: Join a diverse team and make an impact in the energy transition.
- Qualifications: Experience in EU physical natural gas operations and strong analytical skills.
- Other info: Inclusive environment promoting diversity and excellent career growth.
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
- 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.
- Imbalance & balancing (TSO/hub-specific)
- Provide imbalance reporting, root-cause analysis, and escalation to Trading/Scheduling.
- Invoicing, settlements & dispute management
- Own end-to-end invoicing support for physical gas deliveries and services: 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.
- Data, controls & process improvement
- 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
Contact Detail:
Engelhart 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, especially those already at Engelhart. A friendly chat can open doors and give you insider info that could set you apart.
✨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 like it’s second nature. Show us you know your stuff!
✨Tip Number 3
Don’t just wait for job openings; be proactive! Keep an eye on our website and apply directly. We love seeing candidates who take the initiative to join our team.
✨Tip Number 4
Showcase your analytical skills! Whether it’s through Excel or Python, demonstrate how you can handle large datasets and improve processes. We’re all about operational excellence here at Engelhart.
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 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 great fit. Don’t forget to mention our company values – Performance, Agility, Collaboration, and Entrepreneurship – and how you embody them.
Showcase Your Analytical Skills: Since this role involves P&L reporting and data management, make sure to showcase your analytical skills in your application. Mention any tools or software you’re proficient in, like Excel or SQL, and provide examples of how you've used them in past roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Engelhart
✨Know Your P&L Inside Out
Make sure you can explain the intricacies of P&L reporting for physical gas portfolios. Be ready to discuss how price moves, volume revisions, and FX impact your calculations. This shows you understand the core of the role and can handle the financial aspects confidently.
✨Familiarise Yourself with Storage Contracts
Dive deep into the economics of storage contracts and operational constraints. Prepare examples of how you've managed disputes or resolved issues related to storage fees in the past. This will demonstrate your practical experience and problem-solving skills.
✨Brush Up on Imbalance Concepts
Understand imbalance reporting and cash-out concepts thoroughly. Be prepared to discuss how you would approach root-cause analysis and escalation processes. This knowledge is crucial for the role and will impress your interviewers.
✨Showcase Your Tech Skills
Highlight your proficiency in Excel, especially with pivot tables and lookups. If you have experience with VBA, SQL, or Python, mention it! Discuss any tools you've developed or maintained that improved reporting or data management. This will show you're not just a numbers person but also tech-savvy.