Finance Analyst in City of Westminster

The Finance Analyst will play a key role in the day to day financial operations of the business. This is a 12-month fixed-term position, based in our London office.

Key Responsibilities

• Prepare the monthly trading margin result for the Crude Oil, Refined Products, Petrochemicals and Biofuels businesses in accordance with IFRS 9, IFRS 13, IFRS 15 and IAS2.
• Work closely with Product Control team and Front Office Operations to identify and explain the breaks between the Risk P&L (MI) and Accounting P&L (MA) and make accounting judgements on whether they meet the accounting standard to be included in the Accounting P&L.
• Work closely with Settlements team to ensure accurate and timely posting of primary invoices and secondary cost invoices in SAP and to reconcile MI/MA differences.
• Prepare the monthly broker exchange reconciliations for the Petroineos Trading Limited entity and liaise with Derivative operations team to explain differences between ledger balance and exchange balance.
• Prepare and present the monthly balance sheet reconciliations for the Petroineos Trading Limited entity and follow up with relevant teams on outstanding actions.
• Provide support on all aspects of the company’s external year-end audit and interim audit.
• Take the lead on the preparation of Petroineos Trading Limited annual statutory report and statutory audit.
• Participate in IT projects to automate the month-end reporting processes.
• Perform other analysis, ad hoc projects and duties as needed.

Skills, Knowledge & Expertise

• Degree in Accounting/Finance or equivalent.
• Qualified CIMA/ACCA/ACA or equivalent.
• Strong trading accounting skills (at least 3 years).
• Experience in Oil & Gas Industry.
• Experience of accounting for trading activities within Oil & Gas Industry.
• Proficient in SAP skills, Microsoft Office Excel (prepare complex formulas and use of macros).
• Use and knowledge of Power BI would be highly desirable.
• Knowledge of ETRM systems would be highly desirable, particularly Endur, EOS, Pioneer and Symphony.
• Strong analytical skills, ability to multitask and prioritize workload.
• Good interpersonal and communication skills.
• Energetic, enthusiastic, positive and proactive.
• Mandarin speaking is desirable.
• Due to Month-End deadlines, the employee may be required to work extended hours during the first week of each month.

Job Benefits

This role offers a competitive salary (commensurate with experience), plus a comprehensive benefits package, including Private Medical, Dental and Travel Insurance cover, Life Assurance, Annual Gym Allowance, Contributory Pension Scheme, 25 days annual leave, Discretionary Bonus, and more. This is a full-time position, with the successful candidate being required to attend the London office 4 days per week.