Financial Operations Analyst - Gas & Power

Richard James Recruitment Specialists Ltd; Greater London; On-site; GBP 42,000 - 60,000; Full time

Job summary

Richard James Recruitment Specialists Ltd in London seeks a Financial Operations/Settlements Analyst to support the Gas, Power and LNG trading desk. You will manage day-to-day settlements, invoicing, cash application and intercompany balances, ensuring KPI targets are met.

The role requires experience in settlements, knowledge of trading and Gas & Power markets, and an appetite for process improvement within FinOps.

Qualifications

• Experience of settlements within global commodities/energy preferred but not essential.
• Knowledge of trading and a genuine interest in Gas & Power markets.
• Knowledge of physical commodities (preferable).
• Knowledge of straight-through processing from trading to accounting (desirable).

Responsibilities

• Complete day-to-day workload as prescribed by your team lead and manager.
• Ensuring resolution of 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

Settlements experience

Trading knowledge

Gas & Power markets

Straight-through processing

Job description

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.

Due to continued growth in the Gas, Power, and LNG markets, we are seeking a new Financial Operations/Settlements Analyst with experience in Gas & Power. You will support the team to ensure all settlements targets and KPI's are met.

KEY RESPONSIBILITIES:

• Completion of the day-to-day workload as prescribed by your team lead and 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 & QUALIFICATIONS:

• Experience of working in settlements ideally within a global commodities / energy company preferred but not essential.
• Knowledge of trading and a genuine interest in the Gas & Power markets.
• Knowledge of physical commodities (preferable).
• Knowledge of straight-through processing from trading to accounting (desirable).