Financial Operations Analyst – Oil
Glencore ↗SPONSORED
Full Job Description
Financial Operations Analyst – Oil
Finance Department
London
Finance Department
London
As a Financial Operations analyst, you will be accountable for supporting the Head of Settlements in ensuring a timely, accurate and complete end-to-end settlements process for all London Trading Desks within the Oil Group. You will support the team to ensure all settlements targets and KPI’s are met
Key Responsibilities
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.
Education and Experience Requirements
- Experience of working in settlements ideally within a global commodities / energy company (essential).
- Knowledge of trading.
- Knowledge of physical commodities (essential).
- Knowledge of straight-through processing from trading to accounting (desirable).
- Focus on operational improvement.
- Ability to work well under pressure.
SPONSORED