Head of Settlements - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

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, Gas & Power.

As Leader of Finance Operations in London, you will be accountable for the end-to-end settlements process for all London Trading Desks within the Oil, Gas, Power & LNG Group.

You will be accountable for ensuring that all settlements targets and KPIs aremet. The role will sit within the Finance function and report to the Global CFO.

Duties and responsibilities as follows:

Accountable for the management and performance of the team, including personnel development, performance management and day to day workload management
Ensuring resolution of any daytoday operational issues
Reporting and monitoring workload as requested
Ownership of the endtoend 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)

Intercompany Management: Manage intercompany 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 the 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, workflow, 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
Accomplishing other adhoc duties as requested by the Global CFO
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
Comfortable working in a dynamic and constantly evolving environment
Good knowledge of Microsoft Office Suite, especially excel