Settlements Analyst - Trading
LNG
ago
Location
Gulf Region, London
Onsite
Salary
£350+ per day
Employment Type
Full Time
Experience Level
Entry
Junior
Mid
Senior
Expert
Technologies Used
SAP
Our Client
International Energy Company
SPECIALTY
Oil, Gas, LNG, Shipping
INDUSTRY
Energy
Company Size
10000+ Employees
Aubay's Take
Our client is an international energy company who covers the full spectrum of the oil and gas value chain. Our client is dedicated to attracting and hiring the highest calibre employees, from all around the world. As they scale their operations, they are committed to operating in a socially responsible manner, supporting, nurturing, and empowering their people, investing their resources to responsibly and safely contribute to the communities of which they are a part.
Benefits from Aubay
At Aubay UK, people are at the heart of our business. We offer a competitive remunerations package which includes a range of benefits. You will receive continuous support from our dedicated team of Talent Acquisition Specialists who will support your career development and success during your assignment with our client.
25 Days Annual Leave
Work From Home Opportunities
Pension Scheme
Opportunities to Work Directly with our Client
Training Opportunities
Discount Holidays at I'Aero Chalet
Role Summary
Aubay UK is seeking an experienced Settlements Analyst to join a leading energy trading organisation. This role is responsible for invoice creation, distribution, reconciliation, checkout, and settlement of physical LNG, freight, and shipping trades, including contract terms review, using CTRM systems and SAP. The successful candidate will work closely with traders, operators, treasury, and reporting teams to ensure timely cash settlement, accurate reconciliations, and effective dispute resolution, while supporting digitalisation and process improvement initiatives.
Required Skills and Experience:
- Bachelor’s degree in Science, Economics, Business Administration, or equivalent from an internationally recognised university. Postgraduate qualification (MSc or MBA) is considered a plus.
- Minimum 5 years of experience in Trading Settlements with leading IOCs, NOCs, or reputable trading companies.
- Working knowledge and understanding of settlement processes related to LNG, Shipping & Freight.
- Knowledge of entry capacity invoices, EFET invoices, in-tank trades invoices, ex-terminal agreement invoices, and terminal capacity invoices is an added advantage.
- Trade Finance / Letter of Credit (LC) knowledge.
- Experience in month-end closing from a settlements perspective.
- Experience working with CTRMs, SAP, and Microsoft Office.
- Strong Excel capability, with VBA and macro-building skills considered an advantage to automate manual processes.
- Proven communication and problem-solving skills.
- Excellent team working and networking skills.
- Self-starter, able to take ownership and deliver tasks to tight timelines.
- Good interpersonal and communication skills.
- Energetic, enthusiastic, positive, and proactive.
Role Responsibilities:
- Invoice creation, distribution, reconciliation, checkout, and settlement of physical LNG and freight trades from CTRM systems and SAP.
- Review contracts and service agreements for settlement purposes, including recording and validating payment due dates.
- Perform price confirmation with counterparties and apply netting where applicable.
- Billing and invoicing of sales, including provisional and final invoices where applicable.
- Ensure correct tax treatment of all invoices raised and received.
- Ensure timely collection and payment of cash, including aging analysis and reporting.
- Process secondary costs including freight, insurance, inspections, demurrage, and port costs.
- Supply weekly cash forecasting to Treasury detailing purchases and sales to support cash flow provisioning.
- Liaise proactively with traders and operators to resolve disputes, clear overdue AR/AP items, and address unallocated cash.
- Support alignment across the entity through a clear understanding of key business drivers and the impact of each function on those drivers.
- Conduct month-end reconciliation of CTRM versus SAP, working with reporting teams to resolve issues proactively and on time.
- Ensure settlement procedures are reviewed and kept up to date.
- Contribute to process improvement and digitalisation initiatives to enhance efficiency and reduce manual activities.