The role is an excellent opportunity for a talented and motivated individual to either build on their management skills or climb the first rung of the managerial ladder. The role will build their exposure across a range of energy products and the organisation, while working in a dynamic and ambitious company which is the main trading arm of the world’s largest gas producer.

The key tasks of this role are:

· Leading and managing a small sub team within the Settlements department ensuring the timely settlement of gas and power physical products, from issuing of confirmations to invoicing of these trades across the product range;

· Working closely with Front Office representatives for these products, supporting and initiating improvements to the trading systems and work flow processes within Settlements, Finance and across FO to Settlements, to implementation and extension of these suggestions in order to support the expansion of the company’s geographic and product reach;

· Liaising and working with the Settlements Manager and Transformation teams to develop Settlements capability within the trading systems proactively;

· Liaison with various teams within the organisation from Risk Management, Legal, IT, Finance, Treasury and Credit teams to ensure integrity of data within the trading system to accurate reporting within defined timescales;

· Supporting the trading desk in counterparty relationships and in ensuring quality information flows across the business;

· Maintaining excellent working relationships with counterparties and other teams within the organisation.

· Supporting and developing members of the team in their growth and development.

Duties and Responsibilities:

Gas and Power confirmations, invoicing and reporting

• Ensuring the team actively manages the issue of timely and accurate confirmations to counterparties and investigating and resolving discrepancies;
• Monitoring the number of outstanding confirmations to ensure that risk is minimised;
• Ensuring the team issues invoices for the various commodities and products according to the specific contractual terms by generating sales and shadow invoices, including detailed back up;
• Proactively investigating and taking action to resolve any disputes with counterparties;
• Develop in depth understanding of the various general & bespoke contract terms and conditions for the products and develop robust validation techniques for these invoices;
• Be the key point of contact for FO for gas and power non standard and intergroup contracts;

• Liaising with parent company for the provision of sales and purchases summary to the Reporting team as a basis for accruals and final invoice details for monthly reporting, to meet reporting timetable;
• Ensuring all processes, procedures and controls are constantly reviewed, documented and updated.
• Responsibility for the recruitment, development, motivation and performance of the team
• Working with the Settlements Manager and other Lead Analysts to ensure the Settlements team is efficiently trained across a range of products;
• Building solid working relationships with internal & external counterparties and stakeholders;
• Deputising for the Settlements Manager as required

Key responsibilities and accountabilities

1.            Examining contracts:

• Generation of Purchase and Sale contracts, and any amendments as required.
• Establishing criteria for the opening of purchase letters of credit or the execution of other forms of payment including advance payments to suppliers;
• Opening of purchase letters of credit independently and setting-up in line with contracts;
• Monitoring incoming letters of credit, or other forms of payment, checking their conditions and securing necessary amendments;
• Securing, checking and approving adequate and complete documentation, both incoming (against our own letters of credit) as well as outgoing (against buyers’ letters of credit);
• Liaising with other administrative departments (including finance and accounts) to trigger all necessary actions and, where necessary, establishing credit and debit notes or other internal documents related to contractual conditions.

2.            Checking with suppliers on the timely delivery and availability of material in ports, to regularly inform shipping department, clients and agents, where necessary and to transmit despatch notes and delivery instructions to all related parties.

3.            Solving delivery problems in cooperation/coordination with the traders.

4.            Assisting traders to solve claims with suppliers and clients.

5.            Arranging payment instructions, related documentation and effect payments according to conditions of the contract, the latter as per the “general rules and authorities to commit” of the company.

6.            Arranging the inspection of material where necessary by neutral inspection companies.

Knowledge, qualifications, skills required to complete the job successfully

• Strong written and verbal communication skills
• Disciplined character who copes well under pressure and pays close attention to detail
• Experience dealing with letters of credit essential
• Ideally some experience of working in a progressing role, physical commodities trading or banking documentation department
• A knowledge of a foreign language, specifically German, would be advantageous
• ERP systems experience, AX Dynamix advantageous

Primary Accountabilities

• Act as gatekeeper to ensure that Credit Risk Procedures are compliant with Management’s expectations.
• Assist and interact with other departments within the Company (Trading, Legal, Contract Desk, Finance, Accounting, Letter of Credit Desk, Cash Control, and others).

Preparation of Credit Lines – Spot Approvals:

• Assess the credit worthiness of the Group’s counterparts, which includes the operating environment, shareholding structure, quality of management, financial structure, and comparison with peers.
• Establishment and renewal of credit lines and spot approvals
• Handle Tenders Terms’ reviewing and assess inherent risks to best protect the Group’s interests.
• Responsible for negotiating reciprocal Credit Lines

Reporting:

• Assisting CRM in monitoring exposures on various counterparts (credit line utilization). Reporting to Credit Control in case of overexposure / credit breach.

Legal:

• Manage parental guarantees received.
• Assist in ISDA’s negotiations between Third Parties and the Legal Department.

Scope & Interactions

• Follow-up on counterpart evolution, meet counterparts.
• Identify and submit alternative Credit Risk Coverage solutions ( banks, Insurances)
• Support new business development together with Traders and Business Development.
• Participate in ad hoc projects (i.e. ETRM 2011 Project); take actions to develop and implement new projects related to Credit Risk Management;
• Participate in the Credit & Risk Management Committee and Trader’s meeting
• Upon Head of Credit Risk’s demand, act as back up in terms of Credit Risks, Credit Control and any daily issues.
• Train and mentor other less experienced Credit Risk team members.

In November 2010, our client decided to integrate its entire commodity trading activities into one Company to create a leader in the global commodities trading arena, becoming responsible for all the Groups commodity trading, as oil, products, natural gas, power, CO2 and related derivatives. The integration of the trading activities will enable them to capture additional business opportunities in a market which is becoming more liquid and integrated across different commodities. Headquartered in London, with a steadily growing staff pool of 340 people globally with other offices in Rome, Houston, Houston Amsterdam and Singapore, this integrated model will create a global centre of excellence for trading and commodities risk management.

Scope of the Position

• To conduct and manage the middle-offices team of Brussels and London on a multi-commodity scope
• To conduct and manage operation and analyses on a middle-office level

Key Responsibilities and Accountabilities

Coordination and management of the Brussels and London branches for the Middle Office activities which include:

• P&L reporting and performance analysis (and reconciliation with the Back Office)
• MtM computations for the monthly & quarterly closings
• Trade validation (compliance controls, correctness, anti-fraud controls)
• Quality controls on the price curves
• Position and exposure reporting and the related SOX controls
• Master-data and counterparties management
• Static data management and analysis
• Market price calculation and analysis
• Price curves scenarios analysis and building
• Harmonisation of the procedures and reporting across the different branches
• CMO for the different position keeping systems (Openlink)
• Responsible for the new products approval

Reporting and Organisation

• Official reporting line to VP – Risk Management, Credit Control and Middle Office, ETS, London.

Contacts & Networks

• Front Office London – Gas Trading Desk
• Risk, Operations and Middle office London
• Front Office, IT, Operations and Middle Office Brussels
• Credit team
• Back Office

Candidate Specification – Skills & Experience

• University degree preferably in Economics, Finance or quantitative discipline.
• Extensive experience in a Middle Office/Risk environment
• Extensive experience in a similar level role with ability to global perspective, vision and strategy,
• Strong understanding of the energy markets is essential.
• Risk experience in Gas and other commodities is essential whilst experience with Power and CO2 would be an advantage.
• Knowledge of Microsoft Suite and in particular strong excel skills.
• Banking/ Financial Service/ Commodity or Trading background.
• Supervisory skills, ethics and integrity and ability to inspire others
• Stress resilient and personal dedication
• Analytical mind and breakthrough thinking
• Good attention to detail, drive to achieve and decisiveness.
• Good interpersonal and communication skills in order to build and nurture effective relationships across multiple disciplines of ETS organisation.
• Flexibility and adaptability to work in rapidly changing environment
• Proactive approach to problem solving, and ability to identify and set priority actions for the team and handle a high workload.
• Ability to be an effective team member and a good coach within a multi-cultural organization
• Full command of English language (written and spoken).

A fantastic opportunity to join a very forward thinking, leading integrated energy company with activities in exploration, production, transport, and marketing of oil and natural gas.

A leading international upstream Company, but also one of Europe’s largest natural gas Companies.

THE ASSIGNMENT

• This role will be responsible for development and execution of the overall emissions trading strategy (on the secondary and primary markets) considering the current and future requirements of the company.
• The role’s initial focus will be to support the set up of an internal emissions market; create an integrated emissions certificate portfolio based on the most optimal sourcing and arbitrage strategy; ensure the compliance of the group in all respects. 
• The role’s primary responsibility will be to define and execute trading strategies around the emission portfolio.

MAIN JOB FUNCTION:

The job holder takes part in:

• Trading of emissions certificates and related derived products.
• Keeping an up-to-date knowledge of the emissions market at large.
• Managing price risk exposure and contract negotiations.
• Managing a team of Junior Traders and Traders.

KEY RESPONSIBILITY AREAS:

The main duties and responsibilities of the job holder are:

• Set up the trading books for emissions (flow, hedging, prop);
• Support the setting up of the internal emissions market (liaising closely with all Business Units);
• Support different Business Units within the group in development of projects in primary market and look for opportunities independently from the Business Unit;
• Liaise closely with other relevant commodity desks;
• Develop and maintain relationships with trading houses and other counterparties;
• Provide management with suggestions & proposals for new marketing strategies and contribute to the decision making process.
• Work closely with IT department to develop the front office tool.
• Mentor and coaching junior traders.

YOU WILL HAVE:-

• Strong academic credentials with a Math/ Statistics oriented specialization. Degree from a leading university and PhD, MS in Mathematics, Statistics, Physics, Economics, Econometrics, Finance or Computer Science will be beneficial.
• Extensive experience in European power, gas and carbon markets, gained in a similar role within an energy trading company
• Detailed understanding of the fundamental drivers of the European power, gas and carbon markets.
• Experience in leading development & implementation of trading strategies and tactics with accountability for delivery against annual profit target.
• Knowledge of typical risk management methodologies e.g. VaR and stress testing analysis.
• Knowledge and understanding of all relevant regulations impacting the carbon markets.
• Familiarity with the primary markets certificates
• Excellent interpersonal and communication skills.
• Strong presentation skills and ability to present information in a clear and concise manner.
• Strong negotiation and influencing skills
• Proactive approach to problem solving and ability to identify and set priority actions and handle a high workload.
• Result oriented approach and proven ability to work under pressure and to tight deadlines.
• Strong financial awareness.
• Strong team working skills and ability to build and nurture effective relationships internally and externally.
• Good knowledge of Microsoft Office suite.

and work in conjunction with the Commercial Advisor, looking at new and existing business opportunities, being able to draw concise conclusions from complex data.

The successful candidate will have strong Analytical skills as well as high levels of Business Acumen with previous Supply Chain experience, being able to understand the whole end-to-end process.

Responsibilities:

• Commercial focused analysis of significant business opportunities, including assessment of alternatives, risks and market impact.
• Leading / supporting projects to maximize value throughout the supply chain from refinery to end customer.
• Involved in the development of strategy and forward market views.
• Develop complex financial models, aligned to their global methodologies to support product sourcing and sales opportunities through all market channels.
• Performance monitoring of existing sales channels and identifying market trends and opportunities.
• Provide market intelligence updates to support decision making.

Qualifications / Skills:

• Degree level within relevant discipline
• Minimum 5 years experience of economic supply chain analysis
• Excellent technical analytical capability
• Experience of commercial negotiation preferred
• Proven ability to identify commercial opportunities
• Ability to develop and mentor others in analytical capabilities

a company who is striving to be a leading global presence with the aid of equally aspiring employees

Main Job Function:

The trade control team will provide daily performance and control analysis of the trading business and will work very closely with the traders and the other parts of the trading business.  This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business. 

The team provides real-time front-line control and management information for management, vessel charters and traders. This includes daily profit and loss measurement, trading exposure reporting, and risk reporting. Because of the unique position of the team in the middle of the commercial activities, the team will also support broader commercial activities. 

 Key Responsibility Areas:

• Manage performance feedback of junior staff together with the Trade Control Manager
• Supervise procedural compliance; identify and document process opportunities
• Report timely and accurate daily market exposure and profit and loss for a trading book and ensuring consistency with accounting ledgers; analyse and investigate results obtained from the underlying data
• Provide routine analyses of book performance to the vessel charters and traders
• Use knowledge of the book’s activities to understand and explain commercial activities and strategies
• Spot and remedy any problems with relevant data (transaction, market or reference data)
• Monitor vessel charters and traders’ adherence against their delegated authority
• Guarantee compliance for trading procedures with relevant controls
• Contribute to new business initiatives, systems or process improvement projects
• Train other teams and share expertise
• Maintain a good knowledge of market conditions through the use of provided tools
• Maintain good relations with vessel charters and traders and other parts of the business

You will have:

• Relevant experience within a Trade Control / Product Control environment in an oil trading company
• Experience in heavy and middle distillates;
• Knowledge of control processes applicable in a trading / regulated environment;
• Knowledge of financial hedging on Oil & Products;
• Commodity trading business experience; Vessel chartering, shipping or bulk commodity movement
• Familiarity with asset commercial performance measurement concepts
• Knowledge of vessel chartering or trading in physical oil; Robust interpersonal communication skills
• Ability to work within a team and meet strict deadlines; Ability to display attention to detail at all times

 a company who is striving to be a leading global presence with the aid of equally aspiring employees

As the Senior Originator your main Job Function is:

• The development of carbon credits in the primary market.
• Keep up to date knowledge of the emissions market at large.
• Establishment the Company’s name in the market.

The main duties and responsibilities of the job holder are:

• To develop a portfolio of carbon credits;
• To liaise with emission traders;
• To develop and maintain relationships with trading houses and project developers;
• To search for new opportunities in the carbon markets at large;
• To provide company’s management with input for the consideration of new marketing strategies.

You will have:-

• Strong academic credentials with a Math/Statistics oriented specialization. Degree from a leading university and PhD, MS in Mathematics, Statistics, Physics, Economics, Econometrics, Finance or Computer Science will be beneficial.
• Extensive experience in the European power, gas and carbon markets, gained in a similar role within an energy trading company.
• A good track record in developing projects in the primary market.

Key Responsibility Areas:

Manage performance feedback of junior staff together with the Trade Control Manager

Report timely and accurate daily market exposure and profit and loss for a trading book and ensuring consistency with accounting ledgers

Provide routine analyses of book performance to the vessel charters and traders

Use knowledge of the book’s activities to understand and explain commercial activities and strategies

Spot and remedy any problems with relevant data (transaction, market or reference data)

Monitor vessel charters and traders’ adherence against their delegated authority

Guarantee compliance for trading procedures with relevant controls

Contribute to new business initiatives, systems or process improvement projects

Train other teams and share expertise

Candidate Specifications:

Relevant experience within a Trade Control environment in an oil trading company; Mid-office experience is essential

Experience in heavy and middle distillates; Knowledge of control processes applicable in a trading / regulated environment;

Knowledge of financial hedging on Oil & Products;

 The trade control team will provide daily performance and control analysis of the trading business and will work very closely with the traders and the other parts of the ETS business.

This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business. 

KEY RESPONSIBILITY AREAS:

• Report timely and accurate daily market exposure and profit and loss for a trading book and ensuring consistency with accounting ledgers
• Analyse and investigate results obtained from the underlying data
• Provide routine analyses of book performance to the vessel charters and traders
• Measure and providing insights into commercial performance
• Spot and remedy any problems with relevant data (transaction, market or reference data)
• Monitor vessel charters and traders’ adherence against their delegated authority
• Guarantee compliance for trading procedures with relevant controls     
• Contribute to new business initiatives, systems or process improvement projects
• Train other teams and share expertise
• Maintain a good knowledge of market conditions through the use of provided tools
• Maintain good relations with vessel charters and traders and other parts of the ETS business
• Reconcile management information to accounting data on a timely and accurate basis.
• Cover other analysts within the team when necessary

CANDIDATE SPECIFICATION:

• Mid-office experience ; Relevant experience within a Trade Control environment in an oil trading company
• Knowledge of financial hedging on oil & products;
• Knowledge of vessel chartering or trading in physical oil; Robust interpersonal communication skills
• Knowledge of control processes applicable in a trading / regulated environment;
• Familiarity with asset commercial performance measurement concepts;
• Knowledge of one or more ETS IT systems would be an advantage (Openlink, Zainet, ICTS).

KEY RESPONSIBILITIES AND ACCOUNTABILITIES

• Analyse and quantify exposure and market risk profile of contracts and assets
• Analyse and quantify volatilities and correlations of commodity prices
• Develop market risk models (Value at Risk, Profit at Risk etc.) and stochastic models for monitoring market risk profile
• Develop and quantify market risk limits
• Develop ad hoc models for structured  transactions
• Analyse and quantify Greeks of physical and financial options (Delta, Gamma, Vega, Theta)
• Develop methodologies for performing effectiveness tests on financial hedging
• Drive projects for implementation of market risk methodologies, volatilities and correlations  in IT systems (Openlink, Zainet, ICTS)
• Guarantee compliance of market risk procedures

 CANDIDATE SPECIFICATION – SKILLS & EXPERIENCE

• University degree preferably in Economics, Finance or quantitative discipline.
• Sound background Statistics sciences.
• Understanding of the energy markets is a essential.
• Understanding of option’s theory and models is a essential
• Risk experience in Gas is essential whilst experience with Power and CO2 would be an advantage.
• Knowledge of one or more ETS IT systems would be an advantage (Openlink, Zainet, ICTS).
• Banking/ Financial Service/ Commodity or Trading background.
• Analytical mind.
• Good attention to detail.
• Good interpersonal and communication skills.
• Ability to build and nurture effective relationships across multiple disciplines of ETS organisation.
• Flexibility and adaptability to work in rapidly changing environment
• Proactive approach to problem solving, and ability to identify and set priority actions and handle a high workload.
• Be a good team player.
• Full command of English language (written and spoken).

To collect and analyze the strategic plan, based on the inputs from business development functions.

To monitor overall company performances, controlling the figures in  business plans versus the approved programs, and identify deviations from plans

To run economic analyses, on the basis of the data collected from technical departments and within the scenarios and the methodologies provided by the Headquarter, in order to support economic evaluation related to the approval of new ventures and portfolio actions.

To participate to guarantee the Budget, Forecast and Year end closing data analysis and ensure the variance analysis vs Budget or Previous Year closing.

To provide Company Departments with specific support in carrying out economic evaluation activities, ensuring the compliance with Eni Trading & Shipping methodologies and procedures.

Candidate Specification – Skills & Experience

Education: University degree or diploma;

Extensive experience in planning and control;

Experience in controlling model and system;

Good knowledge of  IS, BS and CF;

Good knowledge of  IFRS;

Good knowledge of  accounting procedures;

Good knowledge of KPI;

Strong analytical mind;

Ability to present information in a clear and concise manner;

Excellent interpersonal and communication skills;

Proactive approach to problem solving and ability to identify and set priority actions and handle a high workload.

Ability to build and nurture effective relationships across multiple disciplines of ETS organisation.

Excellent knowledge of Microsoft Office suite and ERP Systems.

Analyse and quantify credit risk profile of a single counterparty and of a portfolio of counterparties (Credit exposure and expected losses)Assess creditworthiness of a counterparty 

Develop and quantify credit risk limits and margining thresholdsRun daily credit reports and monitor daily credit risk limits 

Manage collaterals for credit risk mitigationSupport negotiation of Credit Support Annexes, Netting Agreements 

Drive projects for implementation of credit risk limits and reports  in IT systems (Openlink, Zainet)Guarantee compliance of credit risk procedures 

Candidate Specification – Skills & Experience  University degree preferably in Economics, Finance or quantitative discipline.  

Minimum of 2 years experience in credit management of Banking/ Financial Service/ Commodity or Trading firms.Understanding of the energy markets is a essential.

Risk experience in Gas is essential whilst experience with Power and CO2 would be an advantage. Knowledge of one or more ETS IT systems would be an advantage (Openlink, Zainet)

Availability to frequent travels to Bruxelles

 The division has the following core activities:
- Trading and wholesale of gas in the UK and Europe with power trading activities supporting the gas business
- Optimisation and trading of the LNG portfolio
- Managing carbon emission trading activities
- Southern European marketing businesses (Spain & Italy)

The Planning & Performance team’s responsibilities are:
- Development, analysis and communication of financial performance.
- Coordination and submission of the plan
- Support the Leadership and Central team

This output is used by leadership to monitor & control the business and make informed & timely business decisions.

Key accountabilities include:
- Coordinating and consolidating the reporting of actuals, forecasts and plan financials including commentaries on performance and material variances against plan, forecast, and prior periods.
- Providing detailed analysis of Working Capital including actuals, forecasts, variance analysis.
- Supporting the interpretation of business performance through ad-hoc pieces of commercial analysis.
- Provide support to the Commercial managers and Heads of Trading as required.
- Active participation in the PPM Transformation agenda; driving changes to processes and systems in order to improve the quality of performance reporting activity across PPM.

- Education to degree level
- A recognised national or international professional accountant qualification or qualification by experience is required.

Responsible for administrating daily Treasury activities such as effecting purchase payments, identifying received funds and management of the loans

Key Responsibilities

• Effecting payment and transfers on behalf of Treasury, Finance & Hedging Department through either internet-banking or fax

• Ensuring Sales Receipts from customers are received on a timely basis and quickly reported to Operations

• Checking with Accounting and Operations that payment orders comply with standards and procedures

• Performing Market to Market Evaluation of loans

• Liaison with Banks to ensure the correct management of loans

• Handling cash concentration to the division pool accounts

• Handling swift copies and special cases arising with banks in day-to-day tasks

• Reviewing bank reconciliation and liaising with accounting

• Directly liaising with banks to ensure smooth execution of daily Treasury tasks

Knowledge, Skills and Abilities

• Minimum 1 year internship / work experience in an multinational environment

• Bachelor degree in Economics

• English fluent (written/verbal), any other language would be an asset

• Ability to be flexible, handle stressful situations and work to firm deadlines

• Precise, efficient and accurate working style with excellent attention to detail to complete the daily processes

• Good team-player and an open personality with energy and drive

Good working knowledge of Microsoft products (Excel, Word) and flair for IT systems

and over 9 million tons of concentrates and refined metals per annum. Physical trading is a long-term business and investment in and access to key physical assets around the world is central to our business model. Management of ships, storage tanks, mines and other logistical assets gives us a business advantage while demonstrating our commitment to the territories in which we operate.

Main Purpose The role involves investigative and process improving work as well as the submission of monthly reporting packs, together with commentary on the contents and movements of the balance sheet to London. Work closely with the Front/Mid Office in a fast moving, business where inherent risk has to be mitigated by implementing imaginative and effective controls.

Key Responsibilities *Take ownership for the main trading ledger and several smaller ledgers of oil companies in the Trafigura Group. Have responsibility for all aspects of the monthly financial reporting and preparation of annual statutory accounts.
*Become the key point of contact in accounting for the trading desks related to your ledgers. Work closely with the business to understand the transactions they are undertaking and ensure these are recorded appropriately in both the trading systems and accounting ledgers.
*Perform monthly hedge effectiveness tests to ensure compliance with hedge accounting rules.
*Interpretation and analysis of trade information in order to identify stock and to ensure proper mark-to-market valuation.
*Review profit and accrual numbers and challenge business as to appropriateness of aged accruals and provisions
*Review prepayments and pre-financing balances.
*In all above cases, investigation of anomalies and follow up with Front/Mid Office to clear unjustified balances.
*Prepare and post reclassification journals at period ends. Train and supervise Management Accountant to assist with these entries. Cover the work of the MA during absence.
*Supervise the preparation of monthly reporting packs and calculation of elimination journals for consolidation.
*Prepare a monthly management commentary on significant balances and balance sheet movements.
*Present to management the status of own ledgers’ data and ideas to improve processes.
*Assess and evidence financial controls and persuade management and colleagues in Front/Mid Office teams to adopt possibly unpopular solutions.
*Manage fixed data integral to the accounting ledger (SUN Accounts)
*Prepare audit documentation and liaise with external auditors.

Knowledge, Skills and Abilities *Qualified accountant with +3 years Accounting experience
*Self motivated with a mature attitude. Able to cope in a stressful, demanding environment.
*Strong communication skills. Must be persuasive and able to gain attention and action from members of other teams whose immediate objectives are not always aligned with our own.
*Drive and determination to obtain understanding of complex, business-driven transactions and report these accurately according to the appropriate accounting standards.
*Excellent analytical skills. Ability to identify and focus on the key issues.
*Team player with an enthusiastic approach to fresh challenges. Aspires to be a team leader. Supports guides and motivates junior team members.
*Intermediate/advanced Excel skills and a willingness to use technology to complete/ improve daily tasks.

Desirable
*Sun Accounts Experience or equivalent
*Business Objects reporting or equivalent
*Evidence of working in a challenging environment

Key Relationships Reports to the Deputy Oil Controller, who in turn reports into the Oil Controller.

Group Accounting, Deals Desk (who calculate daily trading result and market risk), Operators, Trade and Structured Finance, Derivatives teams, IT development and External Audit teams.

Day to day supervision and mentoring of one part/newly qualified Management Accountant, who supports the overall financial reporting requirements of the team.

The Trade Finance Analyst is responsible for the financing of trades and prompt system updates for bank/management reporting and timely issuance of trade finance instruments to ensure protection of the company.

Key Responsibilities – Arranging of bank lines within existing facilities for the financing of the purchase in case no financial instruments are needed (i.e open terms); this involves knowledge of the transaction itself and details related to it

- Issuance of L/C

- Arrange financing of material in accordance with the contracts

- Checking of the contracts if workable from Finance side

- Assuming possible risks involved in each transactions and take necessary precautions

- Checking of incoming finance instruments if workable and cashable in close cooperation with Operations

- Arranging payments for the purchases made by the company and cross-check of the documents against each other (especially the warehouse receipts /holding certificates)

- Monitoring the M2M (marked to market) of the running deals against the security in place (L/C, Stand-by L/C, guarantees) and wave the flag if fallen outside of the secured structure

- Allocation of bank charges to the correct transactions by booking such costs directly to the related contract

- Controlling bank charges once debited against the costs agreed upfront

- Issuance of company LOI

Knowledge, Skills and Abilities – Apprenticeship within a bank or commercial degree

- Minimum 3 years working experience in an international environment

- Minimum 2 years of practical Trade Finance experience within Trading Company or Financial Institution

- Solid basics of financing, the instruments used (stand-by L/C

- Excellent working knowledge of Microsoft products (Excel, Word) and affinity for IT systems and tools

 The role will be primarily responsible for providing support to the Oil, Gas and Power Trading and Supply businesses in Europe and Asia.

The team is responsible for establishing accounting policies that relate to the business in line with external reporting standards and providing advice and training within the business on the application of these policies. The Accounting Policy team also has a responsibility to provide a level of assurance to management that the policies have been effectively applied. The team provides advice on all new business initiatives and thus the role is an excellent opportunity to learn about a wide variety of activities and to work with a broad spectrum of people within the organisation.

Key accountabilities
*Understand new business activities in the oil, gas and power sectors in order to provide advice on the accounting treatment of these transactions.
*Provide advice to global oil and gas finance teams on the application of IFRS, in particular in relation to energy commodity contracts, capacity contracts and inventory accounting.
*Conduct annual reviews for the various regions/businesses on the application of IFRS to routine transactions.
*Assist with ensuring that internal guidance on the application of IFRS is kept up to date with developments in the standards
*Support quarterly and year end reporting of derivative disclosures for the annual accounts.
*Stay abreast of emerging accounting literature.
*Liaise with other areas of the business and other Group accounting policy teams to share best practices and lessons learned.
*Assist with training on policy guidance and application to a variety of audiences

The Candidate will have
*Technical experience within a technical IFRS role covering IAS 39 on an ongoing basis
*Exposure to technical IFRS implementation challenges in varied environments within relevant industries (financial/energy/commodities).
*Ability to analyse structured transactions, identifying the different IFRS standards impacted by the transaction, and applying IFRS to develop coherent and consistent accounting guidance for all aspects of the transaction.
*In depth understanding of IFRS guidance

 (ACA/CIMA/ACCA or equivalent) to work in the Planning & Treasury team alongside the Reporting team. We are seeking a high calibre individual who is inquisitive and has a genuine passion for the Oil & Gas Industry and analytical based work.

PRIMARY PURPOSE OF THE JOB:

Cash / liquidity management and provision of Planning and Forecasting financial information to UK management and within the group.

KEY RESPONSIBILITIES / ACCOUNTABILITIES:
*Maintain daily cash forecast spreadsheet
*Daily monitoring of actual cash movements against forecast
*Make proposals for deposits and cash planning
*Co-ordinate cash pooling within group
*Interface with RBS / NatWest on day-to-day banking issues
*Prepare quarterly cash flow reports (actual and forecast) and 15 month forecast cash flow report for group
*Analyse movements in cash flows and explain
*Take an active role in preparing the MTP, LTP and quarterly forecasts
*Work with all UK departments to gather the required inputs to be used in the planning process
*Work with E&P Germany to meet information requests, and to assist in understanding results
*Prepare detailed analysis of the forecasts and MTP to understand the key drivers affecting results
*Analyse variances of forecasts and MTP against specified benchmarks
*Prepare presentations and provide analysis for ERUK senior management and Essen
*Prepare ad-hoc analysis at the request of management
*Prepare quarterly UK Risk/Opportunity report, quantifying the financial loss/benefit to UK should a proposed risk/opportunity occur
*Prepare quarterly commodity risk reports

EDUCATION / EXPERIENCE REQUIRED FOR JOB:
*Qualified Accountant (ACA, ACCA, CIMA, or equivalent)
*Degree qualified preferred.
*Financial accounting skills
*Sound knowledge of IFRS
*Ability to liaise with all levels of Management and with non-finance staff

CRITICAL QUALIFICATIONS / COMPETENCIES REQUIRED FOR JOB:
*Skills required to competently perform the tasks of the role:
*Analytical
*MS Excel
*Listening
*Planning & Forecasting
*Problem solving
*Time management

Salary: £40,000 – £50,000 plus benefits including 35 Days annual leave (39 hour working week), Pension, further Professional Study support, Performance related Bonus (12.5% Target), Season Ticket Loan, Sports and Social plus more.

With a workforce of nearly 100,000 employees, the business operates with business activities and customers in more than 100 countries across six continents.

The LNG market has been developing rapidly and now provides a mechanism for gas-on-gas competition between regional markets. Our client has been leading this change through its strong LNG portfolio, which extends from the Atlantic Basin to Asia, and comprises both equity and third party LNG.

KEY ACCOUNTABILITIES:

*Lead a team of Product Control Analysts, managing priorities and resource requirements.
*Attract, develop, performance manage and retain staff to maintain a consistently high level of expertise with the team.
*Manage the delivery of robust, fit-for-purpose operational controls to support the trading bench, including daily exposure and P&L reporting, limit monitoring and monthly MI to accounts reconciliations.
*Own the month-end and quarter-end processes, including accountability for ensuring that Product Control outputs are compliant with Group standards and IFRS accounting policy.
*Support GTEL’s growth agenda and ensure that new business is incorporated into the portfolio is a controlled way.
*Encourage a culture of continuous improvement to increase efficiency and effectiveness of processes and controls.
*Input into the IT Transformation Projects to ensure that all LNG Product Control system needs are met.
*Build and maintain strong relationships with Front Office, Risk, Compliance, IT&S and other Finance teams

ESSENTIAL EDUCATION:

*Degree

ESSENTIAL EXPERIENCE AND JOB REQUIREMENTS:

*Extensive Product Control experience gained within an Investment Bank, Energy Major or Commodities Trading House.
*A deep understanding of trading concepts and exposure and the key controls required to support a trading business.
*An understanding of financial options and knowledge of how to value and control complex embedded optionaility.
*A good understanding of the accounting policy relevant to a trading business.
*Strong IT skills and aptitude, experience of driving IT system improvements.
*Strong analytical capabilities and high degree of numeracy.
*Good interpersonal skills and a team player, able to build working relationships within and across teams.

DESIRABLE CRITERIA AND QUALIFICATIONS:

*Experience of commodity trading, physical optionality and an understanding of energy markets would be beneficial.
*An accountancy qualification is desirable though not essential if equivalent experience is possessed.

(i) Maintenance and development of robust market risk measurement models
(ii) Interpretation and improvement of market risk policies and procedures
(iii) Analysis of market conditions and trading positions

Key accountabilities
* Interpreting existing company market risk policies and ensuring their correct application in GTEL as well as providing input into the definition of new policies and procedures
* Daily reporting of Value at Risk metrics as well as other risk model outputs including rigorous analysis of changes with regards to market environment and trading strategies
* Engaging the Front Office, other functions, and management to ensure transparency of market risk drivers
* Providing market risk input required as part of the functional assurance process through which new activities and projects considered by the Front Office are being evaluated and approved

Essential experience and job requirements
* Several years of relevant experience preferably in natural gas trading, market risk, or middle office environment
* Thorough understanding of Value at Risk concepts and other risk measurement tools including their pitfalls and limitations
* Strong analytical skills including the ability to understand and communicate complex transactions with embedded optionality as well as the ability to assess the market risk impact of those transactions on an existing portfolio
* Candidate must be a team player with the ability to perform under pressure in a dynamic environment, the ability to handle numerous tasks simultaneously, and the ability to prioritise
* Familiarity with option valuation models, Monte Carlo simulation techniques, calculation of option Greeks, etc.
* Strong numeracy and advanced Excel skills

Essential Education
* A solid University degree in a quantitative discipline (finance, engineering, etc.) is a requirement. Professional qualifications in financial analysis, risk management, business, or operations research would be desirable, but are not required.

Desirable criteria and qualifications
* Matlab/VBA programming skills
* Bloomberg/Energyscope/Business Objects/Openlink experience

whose departmental responsibilities are as follows:
*Monitor and report position to Management in London.
*Monitor and report MTM P&L to Management in London.
*Liaise with Headquarters Controlling department on the above position for Risk reporting.
*Prepare opening FX requirement from IT System for execution by Marketing and Supply.
*Prepare daily profitability analysis.
*Manage standing data, trades and create complex contracts.
*Provide support and problem solving skills around system to all users.
*Manage transaction data in the Accounting module.
*Reconcile Futures account to broker statement.
*Prepare contract confirmations for spot / presale business from system, match to deal sheets and issue to customers.
*Prepare and maintain records of trade amendments and input quality.
*Agree and arrange for settlement the monthly swap trading.

Duties and Responsibilities of Risk Analyst:
*Position and Forecast Position analysis
*Review P&L in system and produce Daily P&L Report
*Set up and maintain market curves
*Monitor the integrity of commodity (physical and hedge) and FX deal entry
*Square physical positions with theoretical hedges
*Guide the Marketing team with ideas about pricing provisions and deal entry requirements in system.
*Back Office position impact analysis.
*Scheduling position impact analysis.
*Local technical support for system to Back Office, Supply and Marketing.
*Ad-hoc project work to develop new reports

Knowledge, Skills and Abilities:
*High level of numeracy
*Commercial awareness
*Understanding of systems
*Excellent organizational skills
*Able to work on own initiative as well as being a team player
*Able to adapt to different working environments

Credentials and Experience required:
*Educated to degree standard.
*Previous work based experience working within an oil industry environment, preferably within wholesale business.
*Proficient Excel-skills.

Salary & Benefits:

£45,000 – £55,000 depending level of previous experience + Company health scheme, Company pension scheme, Childcare vouchers, Free membership Gym, Season Ticket loan, Discretionary Bonus paid on personal and company performance.

to offer world class settlements and analysis across it’s global.

The roles will be offered on an ongoing temporary Contract commencing in November 2011.

The scope of the roles include, but are not limited to:

As a Settlements Analyst you will be wholly responsible for a suite of 3rd Parties and Group companies and you will be expected to manage all aspects of the relationship ensuring transactions and queries are dealt with efficiently.

The role is within the wider Financial Settlements Team, part of Global Central Services. The team provides Trade Settlement support for three trading functions in Singapore, London and Chicago.

As a global trading organisation you may be required to work an early shift (from 7am), or a late shift (until 7pm), in addition there will be requirements to work on some bank holidays and weekends.

Key accountabilities

-Raising & Issuing 3rd Party AR Invoices (oil or ancillary) in line with highly variable contractual due dates OR Reconciling and paying incoming AP invoices, creating recharge invoices where necessary Raising & Issuing Intercompany Party AR Invoices (oil or ancillary) in line with highly variable contractual due dates

-Confirming incoming cash & consolidating to daily cash forecast within tolerance

-Resolving volume, tax and other disputes in a timely manner

-Managing re-invoicing workload due to operational data or pricing updates

-Ensuring all invoices are tax compliant

-Managing overdue debt

-understand and adhere to control and compliance policies

-Reconciling and matching payments fir incoming AP invoices, creating recharge invoices where necessary

-Managing the Quarterly Group Agreement process

-Resolving volume, tax and other disputes in a timely manner

Skills & Experience Required

-Thorough understanding of Commodity Settlements Process (ideally energy), gained in a Banking or Commodity Trading Environment

-System Literate – SAP experience is essential, and wide range of other in-house transactional systems

-Relationship Management with internal and highly sensitive external customers, globally

-Strong and confident communication skills

-Ability to manage workload independently to clear performance measurements with little supervision

-Highly numerate

-An accounting background is desirable; experience of Intercompany Processes would be advantageous, but not essential.

 Our client has built up its first rate reputation through the market knowledge and financial acumen of its employees. They are a global presence offering the complete trading service.

As the Trade Control Analyst you will be carrying out the following tasks:-

Accounting for the commodity trading aspect of the European business
*Daily production of P&L’s for the trading books and daily communication with traders to explain P&L movement.
*Publish P&L summaries to management and provide brief explanations of P&L movements.
*Mark-to-market and risk reports
*Management of Traders positions to ensure overall positions comply with company agreed exposure limits
*Responsible for VaR calculations for new trading strategies.
*Preparation of monthly P&L, Balance Sheet and Cash Flow statements
*Analysis of monthly performance and working out of key performance drivers
*Preparation of monthly performance commentary
*Management of inter-company balances and transactions to/from WMS.
*WMS/TLS reconciliation and timely debt settlement.
*SAP/ITAS reconciliation and actions.
*Prepare monthly consolidation pack to enable European consolidation.
*Support annual statutory accounting information
*Support internal and external audit processes.

Commercial trading activity
*Grow sound financial bases to leverage for commercial benefit.
*Financial business partner for the traders
*Financial driver of planning, budgeting, forecasting and appropriate performance measures.
*Vessel analysis, review, accruals, closures.
*Up-to-date keeping of physical trading book and hedge positions.
*Review and confirm ‘Mark to Market’ valuations.
*Grow financial acumen in trading and non-financial staff.
*Grow trading acumen and WMS process knowledge in other financial staff.
*Support the expansion and Group integration of WMS
*Ad hoc projects and initiatives.

This will give the successful candidate an incredible opportunity to complete their ACA/ACCA studies over a 2 year period (ideally) and then upon full Qualification, progress into other financial business areas which could include: Audit, Operations, Financial Reporting, and Financial Projects etc.

The role will initially go through a very demanding period as major new business controls and processes will be implemented during Q1 of 2012, so the successful candidate needs to grasp the role quickly, demonstrate initiative and be pro-active.

The role will collect financial data from Managers on a quarterly basis, in the form of taking minutes in Group meetings which will be interpreted and presented to the CFO.
On a monthly basis, the candidate will meet with individual Managers on a 1-2-1 basis (so must be comfortable leading more junior level meetings) to obtain and question Balance Sheets Controls and Reconciliation’s and other financial controls.
The role will also assist with the implementation of large scale projects to implement new Processes & Procedures

The organisation is a key player in global commodities trading presenting great career opportunities for the right individual. This position could lead to management opportunities in the Product Control function or lead to other opportunities in Front Office Trading or Risk.

The London Distillate Product Control team is responsible for managing the distillate oil trading activity in Europe. It is an important member of the global Distillate Product Control organisation which includes teams in Global Oil Americas (Cantera), Calgary and Eastern Hemisphere (Singapore).

The distillate product control team provides front-line control and management information for management and traders. This includes daily profit and loss reporting, trading exposure reporting, and risk reporting as well as performing the month end close for the books. In addition, the team also supports broader commercial activities including helping with:
- systems projects
- analysis of business opportunities
- providing deep insights into commercial performance
- monitoring trader adherence to authorised limits

The role reports to the Regional Head of Product Control Distillate, London, and is member of a team of 10.
The purpose of this role is to provide control and management information for front, mid and back office, including:
- Production of daily system of record exposure
- Daily Profit & Loss and accompanying analysis and insight
- Monitoring of Delegations of Authority and adherence to trading limits
- Enhance the control environment through critical evaluation of current controls and processes, utilisation of best practice and the introduction of ongoing improvements.
- Own the relationship with the relevant trader(s) and manage relationships with other teams and functions
- Forecast working capital requirements.
- Spot and remedy issues with trading positions and explain trading performance and strategies.
- Support process and system improvements through leading and participating in various project initiatives.
- Analysing and investigating the results obtained to the underlying data.

The ideal candidate will be at least a graduate from a Top University and have a minimum 12 months physical commodities product control (oil) experience together with knowledge of control processes applicable in a trading / regulated environment and working knowledge of trading and derivatives. Physical Commodities product Control experience is a must for this role. Ideally the candidate would be a studying towards further accounting or financial qualifications (ACCA, CIMA, CFA, or other relevant professional qualifications will be considered).

In return you will get a competitive base salary, bonus and huge benefits package, superb training and one of the best career paths in the market in an excellent working environment

 and are looking to create this new role for a Financial Accounting Manager. The business has production, sales and marketing, and trading divisions which provide a variety of interesting challenges for the right candidate.

You will be ACA or ACCA qualified (or equivalent) with technical IFRS/IAS Financial Accounting experience gained from an internationally recognised business background.

Duties include but are not limited to:
* Manage the Financial Accounts team (4 members) and take responsibility for delivering monthly management financial reports, annual reporting packs, statutory accounts and budgeting to an excellent and rising standard.
* To produce financial information as required to support the management of the London and Portuguese business.
Main Accountabilities Performance Measures
* Produce the European monthly management report. The report consists of individual and consolidated P&L, balance sheets and cash-flow reports, and analysis reports including variances. It requires the
inclusion of intelligent commentary for management.
* Prepare & present the European annual budget and quarterly forecasts.
* Prepare the annual group return for the group accounts.
* Prepare management reporting of subsidiary businesses units that look after, eg, shipping support and processing technologies.
* Manage late adjustments to reports and engineer a great relationship with the US head office.
* Improve the processes of the team so that they become fit-for-purpose.
Projects
* Deliver the replacement of our SAP accounts system in Spring 2012.
* Improve the efficiency of data extraction from the system and translation into our reports.
* Complete gap analysis of our financial controls & investigate and correct.
Other Duties
* Prepare statutory accounts for Luxembourg & UK registered companies.
* Liaise with external auditors.
* Be part of transformation of Finance team to an outstanding performer.
Advantageous
* Experience of SAP and Microsoft Office, including Excel to macro level.
* Experience of Trading Accounting.
* Understanding of US GAAP

The successfully candidate will work alongside the Risk Manager to enable the company to become FSA Regulated and comply with EU regulations. Therefore the successful candidates will have previous Commodity Trading experience and a working knowledge of the FSA regulations that impact an Electricity/Commodity Trading company. 

SUMMARY OF MAIN DUTIES:

• Report to VP Risk Management, with dotted line to the Board
• CF10 (compliance oversight) & CF11 (money laundering) approved person with primary relationship with the regulators and group internal audit, risk & compliance functions.
• Overall responsibility for the FSA compliance function and its role within the organisation
• Identifying and assessing, and reporting on regulatory risks in all areas of the business and making operational recommendations to senior management
• Close involvement with the Company’s internal controls environment, its development, processes and monitoring
• Responsibilities for advising management and staff on the application of rules and requirements as well as the development of compliance systems and controls, including policies, procedures and manuals to enable SEL to comply with these rules and requirements
• Take lead and responsibility for the preparation of the FSA application (planned to obtain the authorization during FY2012)
• (Once obtained authorization), the maintenance of FSA authorization, approved persons and submission of relevant regulatory returns.
• May have responsibility for internal audit activities
• Ad hoc tasks such as responding to regulatory enquiries and making the relevant reports and notifications to the FSA.

BASIC QUALIFICATIONS:

• Experienced compliance and risk director/manager with extensive work based experience gained in electricity/commodity trading sector.
• Comprehensive understanding of applicable FSA/UK regulations with particular detailed understanding/application of relevant FSA rulebooks e.g. COLL, COBS
• Experience managing relationships with the FSA and other regulators
• Good communication and interpersonal skills
• Self-motivated.

SALARY:

£80,000 – £100,000 (Negotiable) per annum depending on experience plus Company benefits including 25 days holidays per annum, 7% Stakeholder Pension with Norwich Union after 6 months, Annual bonus (payable in May) depending on the Company and the individual performance, BUPA private medical insurance for the employee on joining, Dental insurance on joining, PHI and Life Assurance (4 x income) plus more!

Our client is recognised as one of the World’s largest Integrated Energy Companies. We are seeking a Back Office Analyst to work in the Trading division, within the Trading Floor, where you will find a fast paced trading environment! The position requires daily interaction with other departments within the organization and Industry and contractual deadlines to be respected.

Responsibilities:

• Manage a portfolio of trading counterparts.
• Check traders supply accurate deal-sheets/electronic download reports for trades validated within our ‘in-house’ trading system.
• Ensure that accurate trading information is represented within the trading system by confirming deals with counterparts on a daily basis.
• Reconcile counterpart/pipeline invoices against the system. 
• Send invoices to counterparts without exceeding deadlines set within the industry as well as contractually.
• Submit payment instructions to finance in a timely manner allowing them to comply with contractual payment dates.
• Assist internally and externally with any Back Office related questions.
• Participate in team and individual projects delegated by the Back Office Manager.
• When needed, help keep the team organised by assisting with general Back Office duties including: Faxing, Archiving and Filing.
• Daily reconciliation of Exchange Position.
• Ecm – Check daily to ensure all trades have matched
• Collect and check brokers confirmations against the system contents each day
• Check and fax all the confirmations produced by the system to the counterparties.
• Collect all incoming confirmations and check and record against the system; chase all outstanding confirmations.
• Update the book with actual deliveries when this alters from the contractual volume.

ACCOUNTABILITIES:

• Accurate and timely confirmation and invoicing of all transactions; – All entries within the trading book are correct, no misreporting as this can cause big P&L swings
• Effective communications with numerous internal and external parties.

QUALIFICATIONS / EXPERIENCE REQUIRED:

• Degree educated.
• Previous work based experience within a Back Office environment; numerate and ability to work under pressure.
• Knowledge of energy commodity markets.
• European languages desirable. 

The role will report to the Joint Venture Accounting Manager and will have 2 direct reports, JV Accountants and Project contractors.

KEY RESPONSIBILITIES / ACCOUNTABILITIES:

Joint Venture Accounting
* Ensure accurate and timely accounting for Operated and Non-operated ventures
* Co-ordinate preparation of JV Budgets and AFEs for Operated Assets, co-ordinate Partner approvals and ensure within Corporate approval
* Review non-operated Joint Venture budgets and AFEs prior to approval by Asset Managers and ensure within Corporate approval
* Ensure adequate cost control processes are in place and applied
* Participate in Joint Venture Operating, Finance and other committee meetings as required
* Ensure compliance with accounting and reporting sections of Joint Operating Agreements, Accounting Procedures and other commercial contracts
* Ensure accurate and timely asset financial management reports issued
* Review and comment on financial aspects of new or amended legal and commercial agreements
* Assist with and review JV asset input to budget/MTP/LTP/revised forecasts as required
* Assist with any other ad hoc tasks and projects.
Revenue Accounting
* Ensure revenue invoices are correct, issued on a timely basis and accurately accounted for
* Liaise with Commercial team to follow up exceptions (e.g. FM claims, shortfall disputes)
General
* Ensure internal control procedures are documented and complied with
* Liaise with Operations and Commercial departments and other Finance areas
* Liaise with external and internal auditors as required on JV asset issues
* Provide leadership for the Joint Venture Accounting team

EDUCATION / EXPERIENCE REQUIRED FOR JOB:

* Qualified Chartered accountant (ICAEW/ACA or equivalent); University graduate.

CRITICAL QUALIFICATIONS / COMPETENCIES REQUIRED FOR JOB

* * Good leadership and people management skills
* Ability to understand, organise and set priorities.
* Excellent analytical skills.
* Capable of adapting to and implementing change in a dynamic environment to maximize operational efficiencies
* Confident with good communication skills, both written and oral and effective liaison with non-financial stakeholders.

CONTEXT AND ENVIRONMENT:

The role draws information from the Trading system and often requires contact with the Trading department in order to obtain and understand the data, in particular with Middle Office, and Research and Systems. Interaction with all Finance teams is required in order to draw upon information in the financial systems and to provide guidance of treatment of certain items. Reports and reconciliations produced, often under time-pressure, will feed through to finance management, and will be used and assessed by internal control and external audit. Queries are regularly received from management (both routine and ad hoc) for which clear responses may require detailed investigation.

ACTIVITIES:

Reporting: Represent the gross trading marked-to-market results in a form suitable for publication to management both locally and in head-office (monthly) and ultimately to shareholders and markets (quarterly).

Control: Reconcile this ‘financial’ perspective of the results to the ‘Trading’ perspective used by the traders and trading management in order to ensure that the deal results reported ultimately generate invoices and cash flow. Internal management and external audit and SOX control requirements must be satisfied and continuously enhanced.

Analysis: Analyse the results by various other perspectives to enhance reporting and control procedures, and also enhance the financial management’s understanding of the business and therefore its ability to challenge the representation of deals in the Trading Book.

Resources used: Knowledge of the gas and power industry and its physical and financial features, and knowledge of the Gas and Power’s position within this market and therefore the nature of the various contracts committed. Ability to implement financial and management information standards and ‘best practices’, using software tools available such as the Trading Book and Silverlight, accounting systems (Sun, Vision and Qlickview), MS Excel and Access.

QUALIFICATIONS / EXPERIENCE REQUIRED:

Numerate degree (or equivalent). Qualified / part-qualified accountant (or equivalent). Appreciation of UK and international accounting standards. Knowledge of energy trading and mark-to-market valuations desirable. Strong maths, IT, communication and problem solving skills. Self motivation and pro-activity are essential in order to understand the information produced and continuously enhance reporting, analysis and control procedures.

In order to meet this ever-growing demand, the division you will work under is the division responsible for securing the necessary supplies from across the globe – utilising upstream gas production and electricity power generation. Harnessing the power of renewable assets, while being actively involved in wholesale trade and procurement. We now need someone who can maximise their position in this increasingly fierce marketplace.
Our client encompasses the Asset optimisation and energy procurement activities. Key objectives are to report and analyse risk exposures and traded commodity valuations for the front office and further develop risk methodologies to support the strategic decisions made by the Executive Committee.
As an Optimization Analyst within the Market Risk team, the key tasks will include:

* The primary role is to be responsible for the (Gas) Asset Optimization modelling tools
* Implementation of new techniques and business requirements.
* Responsible for implementation of daily reporting cycle for Assets for VaR reporting.
* This role is in close relationship with the Gas Asset Book Risk Manager who is primarily responsible for book management, including risk policy updates, limit enforcement, Front Office strategy reviews, review of papers submitted to the weekly European Financial Risk Management Committee.

The role will allow the individual to gain an excellent understanding of the energy markets where they operates and in energy related risk management. In addition the role will provide the opportunity to widen business knowledge and understanding of key valuation issues across the business and contribute to the overall development of a tightly controlled environment and risk reporting capabilities.

You will be expected to manage all aspects of the Global relationship ensuring transactions and queries are dealt with efficiently.

The role sits within the Global Central Services. The team provides Trade Settlement support for three trading functions in Singapore, London and Chicago.
As a global trading organisation you may be required to work an early shift (from 7am), or a late shift (until 7pm), in addition there will be requirements to work on some bank holidays and weekends.

Key accountabilities

- Raising & Issuing 3rd Party AR Invoices (oil or ancillary)
in line with highly variable contractual due dates
- Reconciling and paying incoming AP invoices, creating recharge invoices where necessary
- Confirming incoming cash & consolidating to daily cash forecast within tolerance
- Resolving volume, tax and other disputes in a timely manner
- Managing re-invoicing workload due to operational data or pricing updates
- Ensuring all invoices are tax compliant
- Managing overdue debt
- Understand and adhere to control and compliance policies
- Managing the Quarterly Group Agreement process

Skills & Experience Required

- Thorough understanding of Commodity Settlements Process (ideally energy), gained in a Banking or Commodity Trading Environment
- System Literate – SAP experience is essential, and wide range of other in-house transactional systems
- Relationship Management with internal and highly sensitive external customers, globally
- Strong and confident communication skills
- Ability to manage workload independently to clear performance measurements with little supervision
- Highly numerate

• You will be responsible for running the weekly Power Optimization process; this includes gathering input data from independent sources as well as verifying contract data.
• The end results of the process need to be verified and change analyses need to be performed to assure quality of the reporting.
• Results need to be reported and communicated with the Power Asset Book Risk Manager and the Reporting Team.

Other tasks:

• IAS39 Standard contracts preparation;
• Monthly Stress testing.

Key challenges:

• Power Optimization processes;
• Reporting processes;
• Strict deadlines.

Reporting to: Power Asset Book Risk Manager

Academic requirements:

• Bachelor/Master in a quantitative or business subject;
• strong excel skills;

Main Job description:

• You will be responsible for risk management of Upstream Gas & Oil books and the Gas Asset Book (GAB, GEB, OEB, LNG)
• This involves risk policy enforcement, including limits, Delegation of Authority (DoA) and other policy matters.
• The Risk Manager must provide risk analyses for new strategies proposed by Front Office (FO).
• The Risk Manager challenges new and existing strategies, but also works pro-actively with FO to develop new hedging strategies.
• The Risk Manager reviews papers presented by FO to the EFRMC.
• The individual must be able to present complex risk matters to senior management including CE-CRO and other members of the EFRMC to enable them to make decisions.

Other tasks:

• Responsible for weekly Optimization process in Lacima (Gas Optimization Tool); Responsible for monthly recalibration in Lacima.  

Key challenges:

• Real-Option theory, delta hedging strategies; Structured contracts with different pricing-in structures and commodities.

Direct Reports:

• No direct reports, however functional reporting by the Gas Optimization & Reporting Analyst

Reporting to: CE Market Risk Manager

Academic requirements:              

• Bachelor/Master in a quantitative or business subject;
• Strong excel skills;
• Strong knowledge of option trading strategies;
• 3-5 yrs experience in Risk Management.

Your role will be:

• To work closely with the traders to understand the business, so as to communicate strategy to financing banks and maintain their support.
• To undertake all aspects of transactional trade finance related to securing transactions with Standby and Documentary Letters of Credit.
• To handle all administration aspects of finance including processing financial movements in the deals system, reconciling broker statements with the deals system, settling futures and swaps.
• Close liaison with Risk Control and group financial officers in Hamburg and in London to ensure smooth communications within the group of companies.
• Review of purchase and sales contracts, assisting with the structuring of deals.
• You will be required to travel between European cities to meet with financing banks.
• In this fairly small team you would also need to undertake other tasks outside of your remit from time to time.
• You should undertake your own initiatives to improve and refine the modus operandi where you see fit.

 Trading commodities, such as crude oil, refined products, concentrates and refined metals and provides the ships and facilities to store and transport them, and a Turnover of US$ 79 billion in 2010 we operate from offices in 44 countries.

The globe trading over 2 million barrels a day of crude and oil products and over 9 million tons of concentrates and refined metals per annum. Physical trading is a long-term business and investment in and access to key physical assets around the world is central to our business model. Management of ships, storage tanks, mines and other logistical assets gives us a business advantage while demonstrating our commitment to the territories in which we operate.    
         
Main Purpose   To ensure the timely financing and the issuance or receipt of trade finance instruments and protection of the company there under.    
         
Key Responsibilities   - Issuance of L/C’s or Stand-by L/C’s or Bid/Performance bonds under guidance of a supervisor
- Contact banks and arrange financing of material
- Checking of the contracts
- Assuming possible risks involved in each transactions and take necessary precautions
- Checking of incoming finance instruments if workable and cashable in close cooperation with Operations
- Check and approve payments for the purchases made by the company including reviewing of the relevant documents, especially the warehouse receipts /holding certificates/Bill of Ladings
- Support monitoring the marked to market of the running deals
- Reconciling bank charges once debited against the costs agreed upfront    
         
Knowledge, Skills and Abilities   - Apprenticeship within a bank or commercial degree
- Minimum 2 years of practical Trade Finance experience within a Trading Company or Financial Institution
- Understanding of the basics of financing, the instruments used, their risks and pitfalls. LC knowledge is an advantage but not a must
- Very good communication skills
- Good working knowledge of Microsoft products (Excel, Word)
- English fluent (written/verbal), German would be an asset
- Demonstrating initiative and providing alternative solutions
- Precise and accurate working style with good attention to detail to complete the daily processes
- Ability to be flexible and work to deadlines and motivated to succeed
- Open personality with energy and drive

Experience in Commodity Derivatives AND Equity Derivatives will be the PERFECT CANDIDATE for our Client.
Main Purpose: The Derivative trade support team is comprised of two areas. In this role you will be initially supporting our Special situations fund. You will also be expected to learn and provide cover for our Energy, Metals and Trade finance based funds in time. This will be an expansive role covering off on all aspects of a support role and you will learn a lot in a short space of time.

Key Responsibilities
Daily clearing of trades with brokers and internal / external clients.
Reconciliation of daily trades and open positions to broker and client statements. Reporting and resolving daily differences.
Position reporting to the internal and external clients.
Production, monitoring and reporting of daily P&L’s, mark-to-market and risk reports.
Daily broker and client margin and settlement payments.
Management of broker positions to ensure overall positions comply with company agreed exposure limits.
Daily production and distribution of reports of prices and move to exception based reporting.
Highly adaptable with the ability to multi-task is essential
Knowledge, Skills and Abilities
The successful candidate will be an excellent communicator with a strong personality and excellent English language skills.
The candidate will have excellent attention to detail, seeking to understand and question the results of what they have produced, and strive to improve processes and procedures to develop the control environment and maximise efficiency.
Our ideal candidate will
have 18+ months experience in a similar role, IE MO experience, Fund administration,
have basic knowledge of fund accounting,
be proficient in Excel,
understand market fundamentals, Eg Contango / back markets, etc.
with knowledge of the following asset classes:

1/ Commodity
2/ Cash Equity/warrant
3/ Fixed Income

French language skills would also be beneficial given location although lessons will be provided if required.

and provide a commodity trading service from London, New York, Tokyo and Hong Kong. We are seeking a Product Control Analyst to join the Product Control Team who will have working knowledge of commodity products including base and precious metals, energy, emissions and agricultural products.

Overall purpose of the role:

• P&L production: manage the collection and processing of financial information in order to meet the needs within Product Control for the preparation/analysis/control and validation of daily P&L’s, including position monitoring and P&L attribution (using sensitivities or hypothetical P&L) in an accurate and timely manner.
• Inform line management of any significant issues relating to the P&L reporting.
• Participate in the audit / documentation of existing processes on market data (both static and dynamic) as well as P&L.
• Initiate, test and implement improvements to processes and spreadsheets involved in preparation of P&Ls and reporting of final figures.

 Main responsibilities and duties of the role:

• Supervise the monitoring and reporting of daily P&L, client commission, return commission and mark up.
• Determine P&L valuation adjustments due to month end validation process.
• Analyze P&L variations, in relation to the sensitivities generated by the positions and the market parameters movements.
• Coordinate / interact with Front Office on daily P&L matters.

 Responsible for producing or reviewing as necessary:       

• Daily P&Ls.
• Breakdowns PL.
• Commission / Mark-up Reports.
• NPV Analysis & Tail positions.
• Market data feed, monitoring and control.
• Month end processes (including valuation adjustments and reserves) : implementation and reporting.
• In depth analysis of the current processes including documentation of the manual processes and proposition to be improve the global P&L set up.

JOB REQUIREMENTS – KEY SKILLS AND EXPERIENCE REQUIRED: 

• Solid professional experience with accounting and finance or risk analysis background.
• Excellent communication skills and ability to collaborate with other departments in a high-stress environment.
• I.T background and knowledge of commodity products.
• Working towards a professional accounting qualification (or Equivalent).

Your role will be to:

• Manage existing clients relationship and to attract new clients.
• Work with the trading team to ensure that the deals that they are proposing are compliant with company standards. 
• Liaise with banks and other financial institutions with the purpose of arranging the finance of company finance requirements of various products business using trade finance related products.
• Use trade products to mitigate the trade and payment risks of deals from supplier to end buyer and ensure that the business and its financing partners are correctly secured and repaid. Trade Finance products would be documentary, standby letters of credits and guarantees. 
• Review purchase and sales contracts ensuring that risks are adequately mitigated
• Negotiate with the financial institutions on fees with a view to enhancing the profit and loss statement of each deal.
• Structuring of import L/C’s, back to back L/C’s, and guarantees
• Handling of documents presented under L/C’s, and payment / monitoring thereof

 who will report directly to the CEO of the business.

The Risk Manager will lead an initial team of three risk and product control specialists, whose role it is to monitor and manage the risk of potential loss across the businesses trading activity.

RESPONSIBILITIES WILL INCLUDE BUT MAY NOT BE LIMITED TO:

The post-holder will be responsible on a day to day basis for:

• Daily management and leadership responsibilities for a team of 3.
• Managing the Daily Mark to Market PnL and exposure reporting process
• KPI reporting to Senior Management.
• Reconciling any differences in MTM between Back and Middle Office.
• Monitoring and managing the company’s foreign exchange exposure.

In addition, the following projects would be envisaged:

• Developing systems to allow more analysis of blending & trading margins
• Implementing a VaR model for the business
• Reviewing the trade control manual, implementing new procedures and policies.

CAPABILITIES:

• Extensive risk management experience gained in physical crude/products trading environment
• Excellent communication and influencing skills
Ability to prioritise and manage workload effectively
Maintaining close working relationships with both front and back office
• Team leadership and coaching

existing team providing support to all departments in the business. You will report to the Trading Systems Manager. The position is located in London, on the trading floor.

JOB DIMENSIONS:

• Coordinate between advanced support provided by the Paris Maintenance team and the business users
• Coordinate between business, developers and IT to gather requirements and act to drive appropriate change
• Participate in various projects.

ACTIVITIES:

• Support users in their day to day operations
• Understand why errors occur, find ways to work around them until they are corrected, write bug reports
• Create and write functional specifications for development requests
• Coordinate business operations and development team; participate in planning and iteration reviews.
• Ensure that software user documentation is up to date and accurate.
• Run the user acceptance tests
• Guarantee a smooth migration process for the users.
• Implement the Quality Control Procedure for the project to ensure compliance of the delivered software with the users’ specifications

CONTEXT AND ENVIRONMENT:

Our client is commercialising the non-committed gas, power and coal productions of the upstream affiliates, supplies the gas and power marketing affiliates, and takes speculative positions on the gas, power and coal markets, both in Europe and the Unites states. The European and US activities generate a notional turnover of roughly 10 billion euros.

It handles its risk management through an integrated bespoke system, developed internally. The risk management system is one of the most crucial elements in the day-to-day running of the business. Trading Systems act as the business interface between users and developers of such systems.

ACCOUNTABILITIES:

• The business analyst guaranties they can operate its trading activities by providing support for the trading systems.
• Makes sure systems are always available and in line with business requirements.
• Anticipate needs for future developments

QUALIFICATIONS / EXPERIENCE REQUIRED:

• University educated to at least master’s level in an engineering field (Or equivilant).
• Fluent in English some French
• Some understanding of commodity trading, financial mathematics model understanding.
• Solid IT background with previous work based experience of software development in a complex environment.
• This position requires autonomy, discipline, to be resourceful and well organised. Be proactive, and have good ability to convince, IT skills and interest essential.
• Ability to work under pressure in a demanding environment.