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- Tasks: Manage the full settlement lifecycle for precious metals refining transactions and ensure accurate reporting.
- Company: Join a leading company in the precious metals industry with a focus on innovation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth and to work with a collaborative team.
- Why this job: Be part of a crucial process in the precious metals industry and enhance your analytical skills.
- Qualifications: Strong numerical skills, attention to detail, and experience in operations or settlements.
The predicted salary is between 35000 - 45000 £ per year.
The Refinery Operations Associate is responsible for managing the end-to-end settlement process associated with precious metals refining activities. This role ensures the accurate reconciliation, settlement, and reporting of metal accounts, customer deliveries, refining outputs, and financial settlements, while maintaining strong controls, compliance, and customer service standards. The Refinery Operations Associate will also co-ordinate with other operational staff to ensure accurate record keeping of inventory levels. They will be expected to perform routine physical inventory counts of high value inventory, enhance controls and make sure policy and procedures are being adhered to.
Responsibilities
- Coordinate and manage the full settlement lifecycle for precious metals refining transactions, from intake through to final settlement.
- Calculate and verify metal balances, assay results, refining yields, losses, and payable fine metal.
- Prepare and process customer settlements, including metal credits/debits, invoices, and supporting documentation.
- Reconcile customer metal accounts, refinery inventories, intercompany trading accounts and positions, and production reports to ensure accuracy and completeness.
- Liaise closely with internal teams such as Refining Operations, Assay Laboratory, Logistics, Finance, and Trading.
- Act as a primary point of contact for customers on settlement-related queries, providing clear and timely communication.
- Ensure adherence to contractual terms, pricing agreements, and hedging or metal fixing mechanisms where applicable.
- Support and enhance record keeping of inventory levels.
- Conduct routine inventory counts of high value items.
- Support month-end and year-end close processes through accurate reporting and reconciliation of metal positions.
- Maintain robust records and audit trails in line with internal controls, regulatory requirements, and industry best practice.
- Support internal and external audits as required.
Qualifications
- SKILLS & COMPETENCIES
- Strong numerical and analytical skills with a high level of attention to detail.
- Solid understanding of precious metals refining processes, assays, yields, and metal accounting.
- Excellent organisational skills with the ability to manage multiple settlements and deadlines.
- Confident communicator with strong stakeholder and customer management skills.
- Ability to interpret contracts and apply commercial terms accurately.
- Strong problem-solving skills and a proactive approach to issue resolution.
- High level of integrity and commitment to compliance and risk management.
- EXPERIENCE & QUALIFICATIONS
- Proven experience in a settlement, operations, or back-office role within precious metals, commodities, refining, or a related industry.
- Experience working with metal accounts, reconciliations, or production-based settlements is highly desirable.
- Familiarity with ERP systems and strong proficiency in Microsoft Excel.
- Experience of Microsoft Navision is preferable.
Refinery Operations Associate in West Bromwich employer: StoneX
Contact Detail:
StoneX Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Refinery Operations Associate in West Bromwich
✨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 understanding their operations. Be ready to discuss how your skills align with their needs, especially around precious metals refining and settlement processes.
✨Tip Number 3
Practice your communication skills! As a Refinery Operations Associate, you'll need to liaise with various teams and customers. Mock interviews with friends can help you articulate your thoughts clearly and confidently.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Refinery Operations Associate in West Bromwich
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your numerical and analytical skills, as well as any relevant experience in precious metals or settlement processes. We want to see how you fit into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the Refinery Operations Associate role and how your background aligns with our needs. Be sure to mention your problem-solving skills and attention to detail.
Showcase Relevant Experience: When detailing your work history, focus on roles that involved settlements, reconciliations, or inventory management. If you've worked with ERP systems or have experience in the commodities sector, let us know! We love seeing how your past can benefit us.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to submit all your documents in one go. Plus, we love seeing applications come through our own channels!
How to prepare for a job interview at StoneX
✨Know Your Numbers
As a Refinery Operations Associate, you'll be dealing with a lot of numerical data. Brush up on your numerical and analytical skills before the interview. Be prepared to discuss how you've handled metal balances, reconciliations, and any relevant calculations in your previous roles.
✨Understand the Industry
Make sure you have a solid understanding of precious metals refining processes and metal accounting. Familiarise yourself with terms like assay results and refining yields. This knowledge will not only impress your interviewers but also show that you're genuinely interested in the role.
✨Showcase Your Communication Skills
You'll need to liaise with various teams and customers, so highlight your communication skills during the interview. Prepare examples of how you've effectively managed stakeholder relationships or resolved customer queries in the past. Clear communication is key in this role!
✨Demonstrate Your Organisational Skills
With multiple settlements and deadlines to manage, strong organisational skills are a must. Be ready to share how you've successfully juggled various tasks in previous positions. Discuss any tools or methods you use to stay organised, especially if they relate to inventory management or reporting.