Financial Operations Analyst – Oil
Location: London, UK (4 days onsite 1 day remote)
Type: Permanent
Role Overvie
wAs 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 Trading Desks within the Oil Group. You will support the team to ensure all settlements targets and KPI’s are met
.Key Responsibilitie
- sCompletion 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 : Create, check and dispatch receivable invoices across physical trades and secondary costs
- .Physical Payable Invoice Process : 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 invoice errors and amendments with support from other functions
- .Monitor receivables, including cash application and debt management
- .Monitor intercompany balances and invoicing processes
- .Liaise with internal desks/teams, particularly operations and risk management, on settlement disputes
- .Monitor and resolve queries from external parties, escalating where required
- .Resolve settlements issues to improve balance sheet position and cash conversion cycle
- .Follow team processes to ensure all counterparty, billing and settlement information is in line with company policy
- .Support and review regular updates of internal processes within the FinOps area
- .Proactively contribute to continuous improvement initiatives within Finance Operations
- .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
- .Perform ad hoc duties as required
.Education and Experience Requirement
- sExperience of working in settlements ideally within a global commodities/energy company (essentia l)
- .Knowledge of trading
- .Knowledge of physical commodities (essentia l)
- .Knowledge of straight-through processing from trading to accounting (desirabl e)
- .Focus on operational improvement
- .Ability to work well under pressure
