Settlements Analyst
- Calgary, AB, Canada
Full-time
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Original job description
Job Title
Settlements Analyst
Contract Type
Permanent
Time Type
Full time
Job Description
Gunvor – Trade Support – Settlements Analyst
Summary Of The Company
Founded in 2000, Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure Gunvor generates sustainable value across the global energy supply chain for its customers.
The Role
Gunvor is seeking a motivated individual who is ready to apply their knowledge in a fast-paced, real-world environment. The individual will support the deal life-cycle process with the delivery of accurate and timely settlements preparation, invoice issuance, invoice receipt, and review of settlement transactions, The individual will act as a reliable point of contact for routine internal and external inquiries and liaise with traders, operators, risk, finance, contracts, accounting and tax departments.
Main Responsibilities
Our people make all the difference in our success.
Settlements Analyst
Contract Type
Permanent
Time Type
Full time
Job Description
Gunvor – Trade Support – Settlements Analyst
Summary Of The Company
Founded in 2000, Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure Gunvor generates sustainable value across the global energy supply chain for its customers.
The Role
Gunvor is seeking a motivated individual who is ready to apply their knowledge in a fast-paced, real-world environment. The individual will support the deal life-cycle process with the delivery of accurate and timely settlements preparation, invoice issuance, invoice receipt, and review of settlement transactions, The individual will act as a reliable point of contact for routine internal and external inquiries and liaise with traders, operators, risk, finance, contracts, accounting and tax departments.
Main Responsibilities
- Register and process incoming trading invoices
- Check correctness and relevance for invoices payable
- Allocate invoices payable amounts among trading desks and invoice owners
- Verify payable invoices data versus trading system entries and estimates
- Monitor and remind approval of invoices for payment
- Ensure that payable invoices are sent for payment timely
- Issue sales invoices per instructions from desk operators and senior team members
- Verify underlying transaction details and tax implications before issuing invoices
- Register sales invoices prepared in other systems
- Monitors accounts receivable and communicate issues to other departments
- Provide invoice related information to other departments
- Confirm deal pricing and assist in volume support gathering
- Enter and update cost accruals with guidance from operations
- Bachelor’s degree in business administration, accounting, or related field
- Two to five years of experience with the following:
- Physical commodity settlements for products delivered by vessels, barges, railcars, trucks, terminals, and/or pipelines
- Physical and financial power settlements with ISOs and bilateral counterparts
- Commodity storage, terminal, freight, and other ancillary cost invoicing
Our people make all the difference in our success.
More about this job
Responsibilities
Process and verify payable and sales invoices, allocate payable amounts, monitor approvals and payments, and manage accounts receivable issues. Support deal pricing, volume information gathering, settlement inquiries, and cost accrual updates while coordinating with internal departments and external contacts.
Requirements
A bachelor’s degree in business administration, accounting, or a related field is required. The role calls for two to five years of experience in physical commodity settlements, power settlements, and invoicing for storage, terminals, freight, or other ancillary costs.
Skills
- Invoice Processing
- Commodity Settlements
- Accounts Payable
- Accounts Receivable
- Invoice Verification
- Invoice Issuance
- Payment Approval Monitoring
- Deal Pricing
- Cost Accruals
- Volume Support
- Tax Implications
- Physical Commodity Trading
- Power Settlements
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Energy
- Logistics
Keywords
- Trade Support
- Commodity Trading
- Settlements
- Physical Commodities
- Power Settlements
- Trading Invoices
- Accounts Payable
- Accounts Receivable
- Invoice Processing
- Invoice Issuance
- Invoice Verification
- Payment Approvals
- Deal Life Cycle
- Deal Pricing
- Cost Accruals
- Volume Support
- Tax Implications
- Trading Systems
- Commodity Storage
- Terminal Costs
- Freight Costs
- Ancillary Costs
- Vessels
- Barges
- Railcars
- Trucks
- Pipelines
- ISOs
- Bilateral Counterparts