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Oil Products Settlements Analyst

RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Job LocationLondon
EducationNot Mentioned
SalaryCompetitive salary
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypeContract, full-time

Job Description

Our client is a trader of Commodity and Energy products including, Gas, Power and Oil products based in Central London.RESPONSIBILITIES:To assist the present Settlement Team in processing all biofuel related Cargo and ancillary cost in a timely and accurate manner, which will involve:

  • Settlement of Biofuel cargo costs including but not limited to freight, shipping costs, insurance, inspections, demurrage, brokerage and other non-cargo costs.
  • Raising payment and invoices in both ETRM system and posting in SAP
  • Review the trade contract terms and service agreements for ancillary settlement purposes
  • ensure incoming & outgoing funds receipt or payment shall value on time, AR ageing follow-up
  • Liaise with trading desk and operators to resolve any potential issues or disputes to ensure accurate and timely payments and claims
  • To items process times within ETRM, Internal settlement system, & SAP.
  • To provide activities performance analysis & desk KPI’s
  • To assist month-end reconciliation.
  • Other tasks assigned by the manager.
    • EDUCATION & QUALIFICATIONS REQUIRED:
  • Educated to bachelor’s degree level in Finance/Banking/Commercial/Maritime Studies or equivalent
  • Work based relevant experience in physical Oil Products or secondary costs settlements.
  • Solid industry knowledge on the physical and financial side of the trading activities.
  • Thorough understanding of the settlement process and industry related compliance requirements.
  • ETRM and accounting system knowledge is a requirement.
    • Required skills
  • Back Office
  • Commodity Markets
  • International Settlements
  • Oil
  • Oil Industry

    • Keyskills :
    Back Office Commodity Markets International Settlements Oil Oil Industry

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