At a Glance
- Tasks: Support the settlements process for London Oil Trading Desks and resolve operational issues.
- Company: Renowned Global Commodity Trading house based in London.
- Benefits: Competitive salary, dynamic work environment, and opportunities for career growth.
- Other info: Collaborative team culture with a focus on continuous improvement and efficiency.
- Why this job: Join a leading firm and make an impact in the fast-paced commodities sector.
- Qualifications: Experience in settlements within commodities and knowledge of trading is essential.
The predicted salary is between 45000 - 55000 £ per year.
Our client is a successful, renowned Global Commodity Trading house. This role is based in the Finance team in London, which is the HQ for Oil and Gas trading activities.
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 Oil Trading Desks.
You will support the team to ensure all settlements targets and KPI’s are met.
Responsibilities include
- 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 Fin Ops 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.
SKILLS & EXPERIENCE REQUIRED
- 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).
- #J-18808-Ljbffr
Settlements Analyst - Physical Commodities employer: Richard James Recruitment Specialists Ltd
As a Treasury Operations Specialist at our London-based international commodities trading firm, you will thrive in a dynamic work culture that values innovation and collaboration. We offer a hybrid work structure that not only enhances work-life balance but also provides extensive opportunities for professional growth in the ever-evolving energy market. Join us to be part of a team that prioritises employee development and fosters a supportive environment for meaningful contributions.
Contact Details:
Richard James Recruitment Specialists Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Settlements Analyst - Physical Commodities
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We think you need these skills to ace Settlements Analyst - Physical Commodities
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