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- Tasks: Manage trade settlements and ensure accurate reconciliation across global commodities.
- Company: Join a leading global energy and commodity trading group.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Why this job: Be part of an exciting industry and make a real impact on global trading operations.
- Qualifications: Experience in commodities settlements and strong analytical skills required.
- Other info: Collaborative team culture with opportunities to innovate and improve processes.
The predicted salary is between 36000 - 60000 £ per year.
Our client is a global energy & commodity trading group and one of the most exciting and commercially driven Commodity Trading houses in the industry!
The successful candidate will be responsible for the accurate reconciliation and settlement of trades across a global portfolio, with a particular focus on Power, Gas, LNG, Metals, Derivatives and Power Purchase Agreements (PPAs). The role encompasses the full settlement lifecycle, including reconciliation of trade data, confirmation, invoicing, payment processing, and issue resolution with counterparties.
Job Description:
- Perform timely and accurate settlement of trades across full product portfolios.
- Ensure reconciliation of trade details between counterparties and internal systems, resolving discrepancies promptly.
- Manage the full settlement lifecycle, including confirmation, invoicing, cash flow allocation, and payment processing.
- Collaborate closely with internal teams such as Middle Office, Traders, Accounting, Controllers, IT, and other Operations units to ensure seamless settlement operations.
- Support daily settlement activities across commodities, FX, interest rate swaps, asset loans, and other financial/physical products.
- Provide clear and consistent communication with external counterparties to resolve settlement queries efficiently.
- Deliver regular updates to management on settlement activity, outstanding issues, and key metrics.
- Identify opportunities to strengthen controls, streamline settlement processes, and enhance automation across products.
- Take ownership of process improvement initiatives and contribute to the development of best practices in settlement operations.
- Crosstrain across different product lines within the global settlement framework to support a flexible and resilient team.
Requirements:
- Strong experience in commodities settlements including at least some experience of UK & European Power and Gas, LNG, Oil Derivatives & Emissions.
- Experience in OTC collateral margining is an advantage
- An excellent understanding OTC commodities trade lifecycle
- Strong attention to detail and accuracy.
- Proficient in handling and analysing large datasets
- Demonstrates ownership and commitment to seeing issues through to resolution
- Ability to meet tight deadlines and manage multiple priorities
- Self-motivated and able to work both independently and as part of a team
- Operational risk awareness
- Strong time management, and prioritization skills
- Excellent numerical and analytical capabilities
- Proficiency in Microsoft Excel.
Advantageous:
- Experience with ICTS or other commodity risk systems.
- VBA or Python coding knowledge is a plus.
Senior Settlements Analyst employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Contact Detail:
RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Settlements Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their products and recent news in the energy and commodities sector. This will help us stand out and show that we’re genuinely interested.
✨Tip Number 3
Practice common interview questions related to settlements and trade reconciliation. We can even do mock interviews with friends or mentors to boost our confidence and refine our answers.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can leave a lasting impression and keep us on their radar. Plus, it shows our enthusiasm for the role!
We think you need these skills to ace Senior Settlements Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Settlements Analyst role. Highlight your experience in commodities settlements and any relevant skills that match the job description. We want to see how your background aligns with 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 your skills can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since the role involves handling large datasets, make sure to mention any relevant experience you have with data analysis. Whether it's through specific projects or tools like Excel, we want to know how you can bring those skills to the table.
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 don’t miss out on any important updates. Plus, it shows us you’re keen to join our team!
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Know Your Commodities
Make sure you brush up on your knowledge of commodities, especially UK & European Power and Gas, LNG, and Oil Derivatives. Being able to discuss these topics confidently will show that you're not just familiar with the role but also passionate about the industry.
✨Master the Settlement Lifecycle
Familiarise yourself with the full settlement lifecycle, from reconciliation to invoicing and payment processing. Be prepared to discuss how you've managed these processes in previous roles, as this will demonstrate your hands-on experience and understanding of the job requirements.
✨Showcase Your Analytical Skills
Since the role involves handling large datasets, be ready to talk about your experience with data analysis. Highlight any specific tools or methods you've used, especially in Microsoft Excel, and consider sharing examples of how you've used data to resolve discrepancies or improve processes.
✨Communicate Effectively
Effective communication is key in this role, especially when liaising with external counterparties. Prepare to give examples of how you've successfully resolved issues through clear communication, and emphasise your ability to collaborate with various internal teams to ensure smooth operations.
