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Financial Operations Analyst – Oil London, England

Glencore

Full Time London, England 34980 - 69000 GBP ANNUAL Today

Job description

Financial Operations Analyst – Oil
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

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.