Financial Operations Analyst – Oil

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.

Financial Operations Analyst – Oil
Glencore

http://www.glencore.com
Baar, Switzerland
Gary Nagle
$10+ billion (USD)
10000+ Employees
Company - Public
Mining & Metals
1974
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