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Settlements Manager (Commodity Trading)

Description

Our client is a successful, renowned Global Commodity Trading house. This role is based in the Finance team here in London; where they trade various products including oil and gas.

As Financial Operations Manager, you will be accountable for the end-to-end settlements process for all London Trading Desks within the Oil Group. You will be accountable for ensuring that all settlements targets and KPI’s are met.

RESPONSIBILITIES:

  • Accountable for the management and performance of the Finance Operations team, including personnel development, performance management and day to day workload management
  • Ensuring resolution of any day-to-day operational issues.
  • Reporting and monitoring workload as requested.
  • Ownership of the end-to-end invoicing process, including:
  • Physical Receivable Invoice Management (including provisional and prepayment invoices): Create and dispatch receivable invoices (with support from other functions as required) across physical trades and secondary costs
  • Physical Payable Invoice Management (including provisional and prepayment invoices): Receive, validate and process payable invoices (with support from other functions as required) across physical trades and secondary costs
  • Brokerage Payable Invoice Management: Receive, validate and process broker statements
  • Errors and Invoice Amendment Management: Manage all invoice errors and amendments (with support from other functions as required)
  • Receivable Management: Manage receivables, including cash application and debt management
  • Intercompany Management: Manage inter-company balances and invoicing processes
  • Liaising with internal desks/teams and external parties on the resolution of Finance Operations enquiries
  • Managing the resolution of queries from internal desks/teams and external parties
  • Identification and management of settlement disputes
  • 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
  • Overseeing counterparty information and ensuring that their billing and settlements information is in line and up to date, with support from other support functions as required
  • Creating and reviewing internal processes, ensuring compliance with wider Group and wider industry requirements as well as continuous improvement and efficiencies, in collaboration with regional offices
  • Contributing to continuous improvement initiatives within the scope of Finance Operations, to drive efficiency and improved performance (for example, system enhancements, work flow and automation), in collaboration with regional offices
  • Setting and evolving KPI’s for the team in line with management expectations and Finance Operations performance targets, in collaboration with regional offices
  • Identify, design and implement operational and management reporting requirements, including KPIs and key analytics.
  • Periodic and ad hoc management reporting.

SKILLS & EXPERIENCE:

  • Experience in managing a settlements team, ideally for a global commodities / energy company.
  • Knowledge of trading.
  • Knowledge of physical commodities (desirable).
  • Knowledge of accounting and reporting standards (desirable).
  • Focus on operational improvement.
  • Ability to work well under pressure.
  • Good attention to detail (analytical, methodological and tenacious).
  • Excellent interpersonal and communication skills.
  • Ability to prioritise and manage the team’s workload effectively.
  • Willing to learn new subjects and acquire new skills.
  • Comfortable working in a dynamic and constantly evolving environment.
  • Good knowledge of Microsoft Office Suite; especially excel.

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London, England, London, EC3A, United Kingdom

  • Ad ID:  11694731
  • Ad Type:  Offered
  • Posted on:  03/12/2019 18:53

RICHARD JAMES RECRUITMENT SPECIALISTS LTD

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