Trade Settlements Analyst

Vitol; Houston (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading energy firm in Houston seeks a Trade Settlements Analyst to manage daily trade invoicing and maintain trade accuracy. This role involves the use of advanced technical tools like Python and offers opportunities for career advancement. Candidates should possess a Bachelor's degree in Business or Engineering, be proficient in Excel, and have the ability to work in a fast-paced environment. Multi-lingual skills in Spanish or Portuguese are considered an asset. The position is office-based, promoting collaboration and teamwork.

Qualifications

• Proficient in Excel and Python coding.
• Degree in Business, Engineering or related fields required.
• Multi-lingual (Spanish / Portuguese) viewed as a positive.

Responsibilities

• Manage daily invoicing of trades and related entries.
• Interact with Traders and Analysts for trade accuracy.
• Implement optimized workflows using Python.
• Coordinate with Data Science team on AI applications.
• Reconcile invoice budgets for accurate PnL capture.

Skills

Proficiency with Microsoft Excel

Proficiency in Python coding

Ability to conceptually understand business flows

Excellent communication skills

Education

Bachelor’s degree in Business, Engineering or related fields

Job description

Overview

Company Description Vitol is a leader in energy and commodities. Vitol produces, manages and delivers energy and commodities to consumers and industry worldwide. In addition to its primary business of trading, Vitol is invested in infrastructure globally, with $13+ billion invested in long-term assets. Vitol’s customers include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves its customers from some 40 offices worldwide. Revenues in 2024 were $331bn. For more information: vitol.com

Job Description

Vitol’s Middle Office function couples a dynamic and challenging work environment with a team eager for growth, learning, and career development. The Middle Office is comprised of distinct and critical roles that support Economic, Operational, Legal and Regulatory health of our Commercial activities. The position offers the analyst the opportunity to work in an area of the organization that blends core business processes as well as the utilization and implementation of advanced technical tools and applications.

As a Trade Settlements Analyst, you will develop an in-depth knowledge of how Vitol operates its businesses, along with valuable experience and skills related to the complete trade life-cycle, encompassing the people, processes, and systems. This role serves as a strong foundation for future advancement and opportunities within the organization.

Responsibilities

• Responsible for the daily invoicing of trades and processing the entry of product and ancillary trade-related invoices in Vista
• Working directly with the Traders, Operators/Schedulers, and Commercial Analysts with regards to tracking and maintaining accuracy and completeness of trades in Vista (trade processing system)
• Interacting with various MIS teams to design and implement optimized workflows utilizing Python
• Coordinating with global Data Science team in the implementation and application of artificial intelligence within various business processes
• Invoice to cost budget reconciliations to ensure accurate capture of PnL
• Preparation of approved invoices for payment and coordinating with Treasury for accurate cash forecasting
• Timely and accurate settlement including the invoicing of sales, purchases, transportation and various ad hoc costs
• Reconciliation and rolling of monthly storages for accurate inventory reporting
• Building relationships with counterparties to facilitate settlement
• Budget and cost review, and reconciliation of all open items
• Problem solve and explain month end anomalies from Vista for/with accounting
• Assist with the correct support documentation for physical movements
• Other projects as assigned – includes working on assignments from front office / Commercial team

Qualifications

Required

• Bachelor’s degree in with a focus in Business, Engineering or other related fields
• Proficiency with Microsoft Excel
• Proficiency in Python coding

Preferred

• Multi-lingual (Spanish / Portuguese) viewed as a positive
• Ability to conceptually understand business flows
• Self-motivated and proactive in problem solving
• Highly organized
• Takes the initiative, self-starter
• Works well under pressure / fast-paced environment
• Analytical approach to data
• Adaptability
• Seeks to continuously build knowledge
• Excellent communication skills

Additional Information

Work Environment

This job operates in a professional office environment. Because of the collaborative, fast-paced, and high energy nature of our business, Vitol requires team members to work from our fully equipped office. All your information will be kept confidential according to EEO guidelines.