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- Tasks: Manage invoicing and settlement for LNG, Gas, and Power transactions.
- Company: Join a leading energy company in a dynamic finance team.
- Benefits: Competitive salary, bonuses, private medical insurance, and 25 days holiday.
- Why this job: Be part of a crucial role that impacts the energy sector directly.
- Qualifications: A level or accounting qualification with relevant experience preferred.
- Other info: Great opportunity for career growth and teamwork in a vibrant environment.
The predicted salary is between 36000 - 60000 £ per year.
The Settlements Analyst is responsible for the invoicing and settlement of LNG, Gas, Power, Emissions, and FX transactions. Raising invoices from the ETRM trading systems into SAP, ensuring payments are made on time and accurately allocated, are key elements of the role. The role requires strong teamwork and interpersonal skills due to regular interaction with a wide range of stakeholders. Excellent analytical and problem-solving skills are also essential. This is a 12-month FTC position.
Key Responsibilities
- Manage physical trade invoicing and settlement in line with industry Master Agreement standards and definitions.
- Confirm pricing with counterparties and issue both provisional and final sales invoices.
- Ensure settlement timelines align with payment due dates outlined in Master Agreements.
- Oversee timely receipt and payment of funds, liaising with Treasury, Compliance, and Front Office, and escalating or resolving issues as required.
- Process secondary costs for Gas, Power, and LNG, including transportation, LNG inspections, and brokerage fees.
- Ensure brokerage charges are accurately reflected in ETRM systems and that all invoicing is current.
- Prepare weekly cash flow forecasts for Treasury, covering physical purchase and sale activity.
- Manage spot physical exchange trade validation for Power and Gas.
- Run the OTC margining process via Credit Cube, requiring a solid understanding of margining principles.
- Collaborate closely with Legal, providing settlement input and review for Master Agreements and structured contracts.
- Build strong working relationships with traders, operators, and wider business teams to resolve disputes and ensure accurate, timely settlement.
- Proactively investigate and resolve third-party settlement disputes.
- Support month-end close activities in partnership with Accounting.
- Contribute to IT change initiatives and projects by identifying process improvements and raising system enhancement requests.
- Support counterparty setup in ETRM systems, ensuring all required controls and governance standards are met.
Skills, Knowledge and Expertise
- Minimum: A level or Accounting vocational qualification.
- Proven relevant experience, with thorough understanding of the settlement process and industry related compliance requirements.
- Settlement experience in LNG, Power and Gas is preferred.
- Proficient in Microsoft Office and trading/accounting system (SAP experience definitely is a plus).
- Excellent team working and networking skills.
- Possess good interpersonal and communication skills.
- Energetic, enthusiastic, positive and proactive.
Benefits
The role offers a competitive salary commensurate with experience, as well as the opportunity to be awarded discretionary bonuses based on performance and a comprehensive benefits package including private medical insurance, travel insurance and dental insurance, annual gym reimbursement scheme, 10% contributory pension scheme, and 25 day yearly holiday allowance.
Settlements Analyst (LNG, Gas and Power) in City of Westminster employer: PetroChina International (Netherlands) Company B.V.
Contact Detail:
PetroChina International (Netherlands) Company B.V. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Settlements Analyst (LNG, Gas and Power) in City of Westminster
✨Tip Number 1
Network like a pro! Reach out to folks in the LNG, Gas, and Power sectors on LinkedIn. Join relevant groups and engage in discussions to get your name out there. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of the settlement process and industry compliance. We recommend doing mock interviews with friends or using online platforms to practice. The more confident you are, the better your chances!
✨Tip Number 3
Show off your analytical skills! Be ready to discuss how you've tackled problems in past roles. We love seeing candidates who can think on their feet and come up with solutions, especially when it comes to invoicing and settlements.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re always looking for passionate individuals who want to make a difference in the LNG, Gas, and Power industries.
We think you need these skills to ace Settlements Analyst (LNG, Gas and Power) in City of Westminster
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Settlements Analyst role. Highlight your relevant experience in LNG, Gas, and Power settlements, and don’t forget to showcase your analytical skills and teamwork abilities!
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 specific experiences that relate to invoicing and settlement processes, and show us your enthusiasm for the position.
Showcase Your Skills: We want to see your skills in action! Be sure to mention your proficiency with Microsoft Office and any experience with SAP or trading/accounting systems. If you’ve got any examples of problem-solving or process improvements, share those too!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at PetroChina International (Netherlands) Company B.V.
✨Know Your Numbers
As a Settlements Analyst, you'll be dealing with invoicing and settlement processes. Brush up on your understanding of financial metrics and industry standards related to LNG, Gas, and Power. Be ready to discuss how you’ve managed similar tasks in the past.
✨Showcase Your Team Spirit
This role requires strong teamwork and interpersonal skills. Prepare examples of how you've successfully collaborated with different stakeholders in previous roles. Highlight any experiences where you resolved disputes or improved communication within a team.
✨Be Ready for Problem-Solving
Analytical and problem-solving skills are crucial for this position. Think of specific challenges you've faced in settlements or invoicing and how you overcame them. This will demonstrate your ability to handle the complexities of the role.
✨Familiarise Yourself with Systems
Since proficiency in SAP and trading/accounting systems is a plus, make sure you’re comfortable discussing your experience with these tools. If you have any knowledge of ETRM systems, be prepared to share how you've used them effectively in your previous roles.
