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Oil Settlement Analyst Ancillary Costs

RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Job LocationLondon
EducationNot Mentioned
SalaryCompetitive salary
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, 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 handle the oil trading related ancillary cost settlements in a timely and accurate manner, which will involve:

  • Settle the secondary costs including but not limited to freight, shipping costs, insurance, inspections, demurrage, brokerage and other non-cargo costs.
  • Invoices due date control, raising payment and invoices in both ETRM system and post in SAP
  • Review the trade contract term s 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 carry out with the procedure/process implemented in ETRM, Control Panel, SAP and other network system
  • To provide activities performance analysis information
  • To assist month end reconciliation
  • Other tasks assigned by the manager
    • EDUCATION & QUALIFICATIONS REQUIRED:
  • Educated to bachelor’s degree level as a minimum requirement (or equivalent)
  • Work based relevant experience in physical oil 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
  • Finance
  • International Settlements
  • Oil Industry

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

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