Trade Settlements Analyst, Commodity / Central / Up $6000

Duration: 6 months contract (Extendable / Convertible)

Location: Raffles Place

Job scopes:

Invoicing

• Ensure accurate settlement of physical and financial transactions using the ETRM system
• Produce invoices and remittance statements according to the specific contractual terms for timely settlement
• Perform mid-month and month-end checkouts with counterparties
• Produce monthly accounts receivable aging reports and identify collection issues
• Ensure payments are accurate and timely
• Liaise with Traders, Schedulers, Credit teams and Operations to address issues including contract and movement entries, deal documentation review
• Coordinate with counterparties to resolve invoicing transactions
• Assist the Operations team with the settlement of shipping and duty payments to customs
• Prepare proforma invoice for custom clearance

Data and Process Management

• Ensure integrity of settlement data within the ETRM system, SAP and interfaces to facilitate accurate reporting
• Develop, document, and maintain procedures for related activities, and modify as required
• Review departmental processes and recommend improvements

Reporting

• Settlements summary
• Outstanding confirmations aging report
• Statement, Counterparty, Actualization reports
• Accounts receivable aging reports and identify and address collections issues

Requirements:

• Bachelor’s degree preferred in Accounting, Finance or related field
• Minimum 4 years of relevant trade settlement and invoicing experience
• Industry knowledge - experience of working with trading counterparties and direct contact with trading desks and good working knowledge of trading systems and shipping knowledge
• Commodities trading knowledge - trading fundamentals, counterparties and key players in market
• Financial knowledge - good knowledge of different accounting reporting requirements (IFRS), experienced in invoicing processes for energy and related products, understanding and experience of the energy settlements processes and market developments
• Proficient in MS Excel
• Good team player with the ability to work both independently and collaboratively in a team
• Able to work under pressure to meet deadlines

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