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- Tasks: Join our Oil team as a Settlements Analyst, handling Physical Oil and Biofuels settlements.
- Company: We're a leading integrated trader of Commodity and Energy products based in Central London.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
- Why this job: Be part of a fast-paced industry, develop key relationships, and enhance your analytical skills.
- Qualifications: Degree in Finance/Banking required; 1 year of relevant settlement experience preferred.
- Other info: Proficiency in Microsoft Office and trading systems is a plus; energetic and proactive candidates encouraged to apply.
The predicted salary is between 36000 - 60000 £ per year.
Our client is an integrated trader of Commodity and Energy products including, Gas, Power, LNG and Oil products based in Central London.
As a Settlements Analyst in the Oil team, the successful candidate will be responsible for the timely and accurate settlement of Physical Oil, Biofuels and Products. This involves raising the invoices in the ETRM, checking relevant shipping documents and approvals to ensure complete settlement packs for both purchases and receivables are raised. Processing payments and ensuring cash is received. The job holder must have excellent team working and interpersonal skills, due to required interaction with a wide range of stakeholders. Analytical skills and problem solving are also key.
RESPONSIBILITIES:
- Settlement of Physical cargos for Oil, Biofuels and Products, also including Freight, Demurrage and other cargo related costs following the industry master agreements standards and definitions.
- Price confirmation with counterparties and invoicing of sales both provisional and final invoices.
- Ensuring settlement dates comply with the payment due dates specified in the Master Agreements.
- To ensure timely receipt and payment of funds, liaising with Treasury, Compliance and Front Office as required, taking appropriate action where any issues are identified.
- Supply daily/weekly cash forecasting for Treasury detailing purchases and sales in order to provision cashflow.
- Developing strong relationships with traders, operators and the business, working to resolve disputes and ensure accurate and timely payments.
- Resolving third party disputes proactively.
- Support the month-end process, working closely with accounting.
- To work on IT change requests and projects, identifying process improvements.
- Supporting the counterparty set up process in Symphony, ensuring all controls are met.
- Chasing of overdue Debtors
EDUCATION & QUALIFICATIONS REQUIRED:
- Degree in Finance/Banking/Commercial/equivalent
- Proven relevant experience, with thorough understanding of the settlement process and industry related compliance requirements.
- Minimum 1 year’s relevant settlement experience in Physical cargoes essential
- Solid industry knowledge on the physical and financial side of trading activities.
- Proficient in Microsoft Office and trading/accounting system (SAP experience is a plus).
- Excellent team working and networking skills.
- Possess good interpersonal and communication skills.
- Energetic, enthusiastic, positive and proactive.
Settlements Analyst - Physical Cargoes 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 Settlements Analyst - Physical Cargoes
✨Tip Number 1
Familiarize yourself with the specific settlement processes for Physical Oil and Biofuels. Understanding the nuances of these products will help you stand out during discussions with our team.
✨Tip Number 2
Network with professionals in the commodity trading industry. Building relationships with traders and operators can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your analytical skills and problem-solving techniques. Being able to demonstrate these skills in real-world scenarios will show us that you're ready to tackle the challenges of the role.
✨Tip Number 4
Gain a solid understanding of cash forecasting and its importance in the settlement process. This knowledge will be crucial when discussing your ability to support Treasury operations.
We think you need these skills to ace Settlements Analyst - Physical Cargoes
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Settlements Analyst position. Highlight key responsibilities and required skills, such as settlement processes, analytical skills, and teamwork.
Tailor Your CV: Customize your CV to reflect relevant experience in settlements, particularly in Physical cargoes. Emphasize any previous roles that involved invoicing, cash forecasting, or working with stakeholders.
Craft a Strong Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that demonstrate your problem-solving abilities and interpersonal skills, which are crucial for this position.
Highlight Relevant Skills: In your application, make sure to highlight your proficiency in Microsoft Office and any experience with trading/accounting systems like SAP. This will show that you have the technical skills needed for the job.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Understand the Settlement Process
Make sure you have a solid grasp of the settlement process for physical cargoes, especially in the oil sector. Be prepared to discuss your previous experiences and how they relate to the responsibilities outlined in the job description.
✨Showcase Your Analytical Skills
Highlight your analytical and problem-solving abilities during the interview. Prepare examples of how you've used these skills in past roles, particularly in resolving disputes or improving processes.
✨Demonstrate Teamwork and Communication
Since this role requires excellent interpersonal skills, be ready to share instances where you've successfully collaborated with diverse teams or stakeholders. Emphasize your ability to build strong relationships and communicate effectively.
✨Familiarize Yourself with Relevant Tools
If you have experience with trading or accounting systems like SAP, make sure to mention it. Also, brush up on your Microsoft Office skills, as proficiency in these tools is essential for the role.
