Summary:The UK Settlements Analyst is responsible for maintaining the Back Office function for UK trading activities to internal and external stakeholders, including Finance, Risk Management teams and Group Reporting. This includes the development, maintenance and use of an effective system for settlement, payment, validation, and provision of month end reporting information. The ideal candidate will have 2+ years experience in a Back Office Trading role within the energy industry, be highly numerica with clear communication skills.
- Validation and Confirmation of transactions across a wide range of commodity markets and with trading counterparties
- Maintain a system for tracking outstanding confirmations and liaise with counterparties to ensure all outstanding confirmations are received.
- Accurate preparation and validation of commodity invoices and associated fees.
- Daily cash margining process:
- Resolve queries from internal and external counterparties.
- Review deals from a compliance and control point of view and flag up for corrective action
- Financial Control: to ensure cash settlement and follow up late payments where necessary.
- Develop and maintain clear and logical administrative processes with efficient audit trails.
- Financial and Trading Reporting is provided under agreed deadlines to various users
- Ensure all Back Office processes are carried out in accordance with contractual obligations.
- Regulatory reporting: support Back Office team with regulatory reporting (REMIT, EMIR etc)
Skills and experience required:
- 2+ years’ experience in a Back Office environment within the UK/European energy industry
- Experience in using an ETRM (Trading) system for the energy industry
- Experience in developing and improving Back Office processes
- Numerical, with high attention to detail
- Ability to work to tight deadlines and under pressure
- Clear communicator, customer-focussed and committed to stakeholder satisfaction
- Strong knowledge of MS Office & VBA, Python, SQL, C# etc advantageous
- A Levels in a numerate discipline, or relevant tertiary study
- Part qualified AAT or equivalent (not essential but desirable)