Financial Operations Analyst – Oil New
Financial Operations Analyst – Oil New

Financial Operations Analyst – Oil New

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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Glencore International AG

At a Glance

  • Tasks: Support settlements for London Trading Desks in the Oil Group and resolve operational issues.
  • Company: Dynamic global commodities company with a focus on innovation.
  • Benefits: Competitive salary, career development opportunities, and a collaborative work environment.
  • Why this job: Join a fast-paced team and make an impact in the energy sector.
  • Qualifications: Experience in settlements and knowledge of physical commodities is essential.
  • Other info: Opportunity for continuous improvement and professional growth.

The predicted salary is between 36000 - 60000 £ per year.

As a Financial Operations analyst, you will be accountable for supporting the Head of Settlements in ensuring a timely, accurate and complete end-to-end settlements process for all London Trading Desks within the Oil Group. You will support the team to ensure all settlements targets and KPI’s are met.

Key Responsibilities

  • Completion of the day-to-day workload as prescribed by your manager.
  • Ensuring resolution of any day-to-day operational issues and escalating where appropriate.
  • Building relationships both internally and externally to create and support business information flow.
  • Complete the end-to-end invoicing process, including:
  • Physical Receivable Invoice Process (including provisional and prepayment invoices): Create, check and dispatch receivable invoices across physical trades and secondary costs.
  • Physical Payable Invoice Process (including provisional and prepayment invoices): Receive, validate and process payable invoices across physical trades and secondary costs.
  • Brokerage Payable Invoice Process: Receive, validate, and process broker statements.
  • Errors and Invoice Amendment: Problem solve process invoice errors and amendments with support from other functions, as required.
  • Monitor receivables, including cash application and debt management.
  • Monitor intercompany balances and invoicing processes.
  • Liaising with internal desks/teams, in particular operations and risk management, on the resolution of settlement disputes.
  • Monitor and resolve queries from external parties escalating where required.
  • Resolving settlements issues to improve our balance sheet position on all settlements runs – including working with Finance teams to continuously evolve ways of improving the cash conversion cycle.
  • Follow team processes to ensure all counterparty, billing and settlement information is in line with company policy and up to date.
  • Support and review regular updates of the internal processes within the FinOps area.
  • Proactively contribute to continuous improvement initiatives within the scope of Finance Operations, to drive efficiency and improved performance.
  • Meet KPI’s and performance targets allocated to your area.
  • Provide review and commentary to team reporting and analytics such as month end open items reporting.
  • Support the manager with periodic and ad hoc management reporting.
  • Ad hoc duties as required.
  • Education and Experience Requirements

    • Experience of working in settlements ideally within a global commodities / energy company (essential).
    • Knowledge of trading.
    • Knowledge of physical commodities (essential).
    • Knowledge of straight-through processing from trading to accounting (desirable).
    • Focus on operational improvement.
    • Ability to work well under pressure.

    Financial Operations Analyst – Oil New employer: Glencore International AG

    As a Financial Operations Analyst at our London office, you will thrive in a dynamic and collaborative work environment that prioritises employee growth and development. We offer competitive benefits, a strong focus on operational improvement, and the opportunity to engage with both internal and external stakeholders, ensuring your contributions are valued and impactful. Join us to be part of a team that is committed to excellence in the oil trading sector, where your skills will directly influence our success.
    Glencore International AG

    Contact Detail:

    Glencore International AG Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Financial Operations Analyst – Oil New

    Tip Number 1

    Network like a pro! Reach out to people in the industry, especially those working in financial operations or trading. A friendly chat can lead to insider info about job openings that aren’t even advertised yet.

    Tip Number 2

    Prepare for interviews by brushing up on your knowledge of settlements processes and the oil market. We recommend practising common interview questions and having examples ready that showcase your problem-solving skills and operational improvements.

    Tip Number 3

    Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the Financial Operations Analyst position.

    Tip Number 4

    Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged with our company.

    We think you need these skills to ace Financial Operations Analyst – Oil New

    Settlements Process Management
    Invoicing Process
    Problem Solving
    Cash Application
    Debt Management
    Intercompany Balances Monitoring
    Relationship Building
    Operational Improvement
    KPI Monitoring
    Financial Reporting
    Analytical Skills
    Attention to Detail
    Ability to Work Under Pressure
    Knowledge of Physical Commodities
    Knowledge of Trading

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV is tailored to the Financial Operations Analyst role. Highlight your experience in settlements and any relevant knowledge of trading and physical commodities. We want to see how your skills match what we're looking for!

    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 you can contribute to our team. Be sure to mention any specific achievements that demonstrate your operational improvement focus.

    Showcase Your Problem-Solving Skills: In your application, give examples of how you've resolved operational issues in the past. We love candidates who can think on their feet and improve processes, so don't hold back on sharing your success stories!

    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 to join our team at StudySmarter!

    How to prepare for a job interview at Glencore International AG

    Know Your Settlements Inside Out

    Make sure you brush up on the end-to-end settlements process, especially in the context of oil trading. Be ready to discuss how you would handle invoicing and resolve operational issues, as this will show your understanding of the role.

    Showcase Your Problem-Solving Skills

    Prepare examples of how you've tackled invoice errors or settlement disputes in the past. Highlighting your ability to problem-solve under pressure will demonstrate that you're a proactive candidate who can contribute to continuous improvement.

    Build Relationships, Even in the Interview

    Think about how you can convey your relationship-building skills during the interview. Discuss how you’ve collaborated with internal teams or external parties to ensure smooth operations, as this is key for the role.

    Be KPI Savvy

    Familiarise yourself with common KPIs in financial operations. Be prepared to discuss how you’ve met or exceeded targets in previous roles, as this will show that you understand the importance of performance metrics in the financial sector.

    Financial Operations Analyst – Oil New
    Glencore International AG
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