Financial Operations Analyst

Role Overview

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

• Completion of the day-to-day workload as prescribed by your 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: Create, check and dispatch receivable invoices across physical trades and secondary costs.

  • Physical Payable Invoice Process: 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 invoice errors and amendments with support from other functions.

• Monitor receivables, including cash application and debt management.

• Monitor intercompany balances and invoicing processes.

• Liaise with internal desks/teams, particularly operations and risk management, on settlement disputes.

• Monitor and resolve queries from external parties, escalating where required.

• Resolve settlements issues to improve balance sheet position and cash conversion cycle.

• Follow team processes to ensure all counterparty, billing and settlement information is in line with company policy.

• Support and review regular updates of internal processes within the FinOps area.

• Proactively contribute to continuous improvement initiatives within Finance Operations.

• 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.

• Perform 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.