Settlements Analyst

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Trade Support – Settlements Analyst – Calgary

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.