The Role
Owns the end-to-end payment lifecycle for commodity trading and general accounts payable activities. Responsibilities include executing high-volume payments, managing SAP payment processes, allocating receivables, reconciling SAP and bank reports, resolving returned funds, monitoring payment statuses, and preparing financial reports. The role also supports AR/AP outstanding reporting and overdue balance follow-up while coordinating with internal and external stakeholders.
Summary Generated by Built In
The Settlements Payments Analyst plays a critical role within the Commodity Settlements team, part of the Finance function. This position is responsible for the accurate and timely execution of all payments made by PetroIneos Trading & Refining (PITL) and PetroChina International (London) Ltd (PCIL), encompassing both commodity trading-related costs and general accounts payable.
A strong understanding of the end-to-end payments process in SAP is essential, along with familiarity with commodity trading costs, accounting terminology, and best practices. The role involves regular interaction with a wide range of internal and external stakeholders, requiring excellent interpersonal and teamworking skills. In addition, strong analytical thinking and problem-solving abilities are vital to succeed in this role.
This is a 12-month fixed term contract.
This is a 12-month fixed term contract.
Key Responsibilities
- Manage and take full ownership of the end-to-end payments lifecycle for PetroIneos Trading & Refining (PITL) and PetroChina International (London) Ltd (PCIL), ensuring accuracy, compliance, and timely execution.
- Execute and oversee all payments related to commodity trading activities, including freight, inspection, storage, demurrage, and associated operational costs.
- Maintain in-depth knowledge of SAP payment processes, ensuring all transactions align with internal controls and established best practices.
- Ensure accurate cash allocation for accounts receivable across various company codes in SAP, investigating and resolving issues in coordination with the relevant Settlements Analyst.
- Perform daily reconciliations between SAP and bank reports, identifying discrepancies and resolving issues such as returned funds within defined timescales.
- Monitor and update payment status across various internal systems, ensuring end-to-end process integrity and visibility.
- Prepare and deliver monthly payment reconciliation reports and other analytical reports to support financial oversight and decision-making.
- Circulate accounts receivable/payable (AR/AP) outstanding reports and support follow-up on overdue debtor balances.
- Undertake additional tasks and projects as assigned by the Manager.
Skills, Knowledge and Expertise
- Degree in Finance/Banking/Commercial or equivalent preferred
- Proven experience in managing high-volume payment processes, ideally within a commodities or trading environment.
- Excellent working knowledge of SAP and its payment functionalities.
- Strong grasp of accounting terminology, accounts payable, and financial controls.
- High attention to detail and strong analytical and problem-solving skills.
- Excellent interpersonal and communication skills; a strong team player with the ability to build relationships across departments.
- Able to work under pressure, prioritise tasks effectively, and meet tight deadlines.
Benefits
This role offers a competitive salary (commensurate with experience), plus a comprehensive benefits package, including Private Medical, Dental and Travel Insurance cover, Life Assurance, Annual Gym Allowance, Contributory Pension Scheme, 25 days annual leave, Discretionary Bonus, and more. This is a full-time fixed-term contract position, with the successful candidate being required to attend the London office 4 days per week.
About
Petroineos Trading Limited comprises trading and refining joint ventures between PetroChina International (London) Company Limited and INEOS. Established in 2011, Petroineos is one of Europe’s leading International Integrated Energy Trading Companies. Our highly experienced teams trade a comprehensive range of energy products, supported by a network of professional teams across the globe, enabling our customers to benefit from our ability to leverage our shareholders’ global network. Trading is carried out by three divisions: Crude, Refined Products, and Low Carbon Solutions.To discover more about the company, click here.
Skills Required
- Degree in Finance, Banking, Commercial studies, or equivalent
- Experience managing high-volume payment processes, ideally in a commodities or trading environment
- Excellent working knowledge of SAP and its payment functionalities
- Strong understanding of accounting terminology, accounts payable, and financial controls
- Strong analytical and problem-solving skills with high attention to detail
- Excellent interpersonal, communication, and teamwork skills
- Ability to work under pressure, prioritize tasks, and meet tight deadlines
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The Company
What We Do
Petroineos is a joint venture between PetroChina International London and INEOS Group, established in 2011. It operates as an integrated refining and energy trading company, processing crude oil and trading a comprehensive range of energy products globally. The company focuses on quality, safety, and sustainability, with key assets including refineries and distribution terminals that support its trading and refining activities across European and African markets.
