Job Title:
Settlements AnalystContract Type:
PermanentTime Type:
Full timeJob 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
Qualifications / Experience
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
If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.
Skills Required
- Bachelor's degree in business administration, accounting, or a related field
- Two to five years of experience in physical commodity settlements involving vessels, barges, railcars, trucks, terminals, and/or pipelines
- Two to five years of experience in physical and financial power settlements with ISOs and bilateral counterparts
- Two to five years of experience with commodity storage, terminal, freight, and other ancillary cost invoicing
What We Do
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, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure—refineries, pipelines, storage, terminals, mining and upstream—Gunvor further generates sustainable value across the global supply chain for its customers. More information can be found at www.gunvorgroup.com or @Gunvor
