Commodities Settlements Analyst – Global Trading

Richard James Recruitment Specialists Ltd; Greater London; On-site; GBP 60,000 - 85,000; Full time

Job summary

Richard James Recruitment Specialists Ltd is seeking a Financial Operations analyst to support the Head of Settlements in London. You will ensure timely, accurate end-to-end settlements for all London Oil Trading Desks and help meet KPI targets.

You will complete day-to-day workloads, resolve operational issues, build internal/external relationships and manage the invoicing process across receivables, payables and broker statements. The role requires knowledge of physical commodities and trading.

Qualifications

• Experience of working in settlements within a global commodities or energy company is essential.
• Knowledge of trading is required.
• Knowledge of physical commodities is essential.
• Experience with straight-through processing from trading to accounting is desirable.

Responsibilities

• 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 FinOps 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 in settlements

Knowledge of trading

Knowledge of physical commodities

Job description

Richard James Recruitment Specialists Ltd is seeking a Financial Operations analyst to support the Head of Settlements in London. You will ensure timely, accurate end-to-end settlements for all London Oil Trading Desks and help meet KPI targets.

You will complete day-to-day workloads, resolve operational issues, build internal/external relationships and manage the invoicing process across receivables, payables and broker statements. The role requires knowledge of physical commodities and trading.