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

The successful applicant will be ACCA/CIMA qualified with in-depth management accounts experience ideally gained within a similar industry. This new role offers the scope to improve processes and procedures whilst managing a team of 4-5 staff (covering both the central management accounts and aspects of ledger functionality) Completion of the full management accounts package within reporting deadlines/requirements including all analysis , commentaries and reporting for submission to the board and the bank. This role offers scope for both expansion and growth and has arisen due to a restructure

This position is part of the Internal Control team within the Finance Function of Global Oil-Europe within Integrated Supply and Trading. The Internal Control Team supports a number of activities required to ensure that internal control over financial reporting operates effectively within GO-E

The overall expectation for this position is to ensure delivery of embedded and sustainable internal control environment and culture as an integral member of the London Trading Internal Control Team.

Integrated Supply & Trading

Job description

The role reports to the GO-E Internal Control Manager and the team is responsible for the following activities:

• Assist CET process owners with Control Evaluation Template (CET) updates when significant changes occur.

• Providing practical advice to assist CET owners relating to Financial gap tracking, reporting and remediation.

• Maintain the DoA (Delegations of Authority) website, to ensure that it represents the current organisation structure and delegates authorities.

• Ensure all EUC ( End User Computing) spreadsheets are registered and all alerts are approved within the required deadlines.

• Liaise with both Internal and External auditors, as well as with Group Internal Control.

• Application Security Review – to ensure all systems access is appropriate and approved, and ensure that all segregation of duties violations are remediated.

• Support the Internal Control manager during the quarterly Due Diligence reporting process, including leading the quarterly PGA ( Post Gait Adjustment) review, arranging and take minutes of meetings, produce a slide pack for senior management and ensuring all actions are followed up.

• Balance Sheet Integrity (BSI) reporting.

In addition to the key tasks listed above, the team also on a adhoc basis complete the following tasks:

• Deliver control and process improvement initiatives, as directed.

• Ensure there is a controlled environment, during periods of change.

• Provide support to significant change initiatives (e.g. TCT (Trade Control Transformation) and the management of systems access, to ensure that controls are well designed and operating effectively.

• Identify further opportunities for process standardisation, simplification and improvement.

• Currently studying for an Accounting qualification.

Experience:

It is desirable for the successful candidate to have experience in some of the following areas:

• Previous financial,audit or control experience.

• Designed and maintained business processes in a changing environment.

• Dealt with detailed and complex topics and has the ability to grasp concepts quickly.

Desirable technical skills and experience:

• Strong financial and analytical skills.

• Understanding of Sarbanes-Oxley and internal controls.

• Experience of Financial Controls, process analysis and assessment of risk within complex financial processes.

• Ability to listen, synthesise and document information.

• Aptitude to search out relevant documentation, assemble and present concisely.

• Ability to develop practical business solutions.

Non-Technical skills and experience:

• A track record of high quality, on-time delivery with good networking and interpersonal skills.

• Well organized and strong time management and administrative skills.

• Attention to detail and rigorous in approach.

• Self-starter, ability to act independently, know when to ask for advice.

• Able to work on one’s own initiative and have a pragmatic approach to process control issues.

• Ability to influence people.

• Good written communication skills.

Role will report directly to Manager Group Accounting and will be part of the Accounting and Reporting team. The IT Cost Controller will be based in London, UK, close to the CIO and the Group IT department. Occasional travel will be required because divisional CIO’s are located in Geneva and Manager Group Accounting in Amsterdam.

Objective is to implement and execute a standardised reporting process across all divisions (and trading departments) to enable the Group CIO (and his direct reports) to manage and control the Group IT budget.

Key Responsibilities

• Drive the annual budgeting process for Group IT together with the Group CIO

• Prepare monthly variance reporting actual vs budget

• Prepare periodic forecast (until year-end at the moment, will become rolling in near future)

• Monitor the timely receipt, capturing and payment of IT related invoices

• Ensure accruals are determined and booked at month-end

• Ensure Group CAPEX vs OPEX guidelines are properly applied for IT related invoices

• Further improvement and maintenance of the internal control system, including documentation of key controls

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

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.

 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 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.

MAIN RESPONSIBILITIES

To successfully manage and continue to develop the team of two Credit Controllers

To carry out all duties in line with the company’s Quality Assurance Policy.

To act as a Project Team Member for Oracle upgrades for the Accounts Receivable modules.

MAIN DUTIES

To ensure prompt collection of monies due from all customers across EMEA

To monitor all documentary collections.

To monitor all letters of credit collections.

Set and maintain payment terms and credit limits for new and existing customers.

Closely liaise with BDMs and Customer Care Coordinators regarding collections, payment terms and global contracts.

To reconcile Oracle Accounts Receivable to Oracle General Ledger each month.

To produce timely statistical information relevant to debtors as a collection tool for local and global management.

To continue to adapt, identify and improve working practices within the Accounts Receivable department to ensure it remains an efficient function to service customers and other departments.

This role will attract a base salary of upto 44k plus a minimum of a 10% bonus plus exceptional benefits.

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.

is currently recruiting a CCAB Qualified Management Accountant to join their team.
Key responsibilities for the role:
* Production of timely and accurate month end P&L below Gross margin line for the UK entity.
* Preparation of UK Statutory Accounts and annual R&D claim.
* Preparation of the variance analysis of monthly overhead results for UK entity. Provide commentary on variances.
* Review and posting of Salary, Commission & Bonus journals for all entities.
* Responsible for EMEA Fixed Asset register
* Prepare and submit UK VAT returns and other external statutory reporting.
* Compilation of Balance Sheet reconciliations and Quarterly Audit Files.
* Responsible for inter-company reconciliations and monthly matrix
* Compile regular and ad hoc financial information for departmental and senior management.
* Liaise with external auditors to drive year end audit process to completion.
Candidates as well as being CCAB Qualified will have exceptional demonstrable Management Accounts experience and also confident in drafting annual Statutory Accounts.
Knowledge of Great Plains accountancy software would be desirable, however excellent Excel advanced skills is a pre-requisite for this role.
Although not essential applicants with a background from the Telecoms sector are especially sought.

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

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.

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