Trade Settlement Lead

Job summary

Responsible for managing a small team to support the business with accounting issues, including controlling, performance reporting and integrated business planning, advising on policy and compliance, to effectively coordinate a range of finance activities to drive outstanding business results.

Our supply and trading business, Trading & Shipping (T&S), connects bp to the world’s traded markets for oil, gas, power, refinery feedstocks and currencies. We market bp’s equity crude oil and natural gas, import feedstocks for our refinery system and buy products to meet marketing demand. We offer a combination of unique expertise in physical supply and trading, innovative financial structures, and world-class analytics to deliver long-term value, from wellhead to end customer.

The Trade Settlement Senior Analyst handles settlements transactions and acts as primary interface with the trading counterparties, front office and operations team.

KEY RESPONSIBILITIES

• Accountable for the accurate and timely completion of settlements activities within the area of responsibility
• Support the integration of new business activity into area of responsibility, ensure that activity is embedded in a controlled and efficient manner
• Accountable for ensuring that the operational activity is conducted within a strong control framework. Highlight any gaps or issues, develop, document and implement mitigations as appropriate
• Understand the business performance expectations, measurement and reporting of KPIs. Provide commentary and actions as appropriate and address root cause of issues.
• Deal with Settlement disputes in a timely manner
• Develop strong working relationships with Power Commercial Teams
• Ensure full compliance with the bp T&S Settlements Policy
• Provide good quality customer service in all external interactions
• Work with relevant teams addressing root causes of outstanding items and issues raised
• Managed aged debt and daily cash funding, support Group cash and working capital management objectives
• Deal with a wide variety of ad-hoc queries
• Pro-actively seek opportunities to standardize, simplify and automate processes to improve performance and efficiency
• Identify and deliver Continuous Improvement ideas
• Support change activities to ensure successful implementation
• Actively participate in and support projects as appropriate

• Relevant finance degree and minimum of 7-8 years of experience in finance or accounting
• Deep understanding of Accounts Payable and Receivable settlement principles
• Understanding of Commodity and/or Power Trading would be advantageous

• Good analytical skills
• Attention to detail
• Good work ethics and professionalism
• Good problem solving, communication and interpersonal skills
• Ability to work as part of a team in a fast-paced environment
• Good stakeholder management/customer service capabilities
• Shown ability to communicate and influence
• Good Microsoft skills and ability to handle data from multiple sources and systems
• Strong teamwork with ability to support and appropriately challenge team members
• Ability to prioritize, handle pressure and deliver on deadlines
• Self-confident appearance in relations to the internal contacts
• Basic change management skills
• Ability to mentor team members
• Commitment to business control including the courage to speak up where appropriate