Settlements Analyst - Trading

Role Summary

Aubay UK is seeking an experienced Settlements Analyst to join a leading energy trading organisation. This role is responsible for invoice creation, distribution, reconciliation, checkout, and settlement of physical LNG, freight, and shipping trades, including contract terms review, using CTRM systems and SAP. The successful candidate will work closely with traders, operators, treasury, and reporting teams to ensure timely cash settlement, accurate reconciliations, and effective dispute resolution, while supporting digitalisation and process improvement initiatives.

Required Skills and Experience:

• Bachelor’s degree in Science, Economics, Business Administration, or equivalent from an internationally recognised university. Postgraduate qualification (MSc or MBA) is considered a plus.
• Minimum 5 years of experience in Trading Settlements with leading IOCs, NOCs, or reputable trading companies.
• Working knowledge and understanding of settlement processes related to LNG, Shipping & Freight.
• Knowledge of entry capacity invoices, EFET invoices, in-tank trades invoices, ex-terminal agreement invoices, and terminal capacity invoices is an added advantage.
• Trade Finance / Letter of Credit (LC) knowledge.
• Experience in month-end closing from a settlements perspective.
• Experience working with CTRMs, SAP, and Microsoft Office.
• Strong Excel capability, with VBA and macro-building skills considered an advantage to automate manual processes.
• Proven communication and problem-solving skills.
• Excellent team working and networking skills.
• Self-starter, able to take ownership and deliver tasks to tight timelines.
• Good interpersonal and communication skills.
• Energetic, enthusiastic, positive, and proactive.

Role Responsibilities:

• Invoice creation, distribution, reconciliation, checkout, and settlement of physical LNG and freight trades from CTRM systems and SAP.
• Review contracts and service agreements for settlement purposes, including recording and validating payment due dates.
• Perform price confirmation with counterparties and apply netting where applicable.
• Billing and invoicing of sales, including provisional and final invoices where applicable.
• Ensure correct tax treatment of all invoices raised and received.
• Ensure timely collection and payment of cash, including aging analysis and reporting.
• Process secondary costs including freight, insurance, inspections, demurrage, and port costs.
• Supply weekly cash forecasting to Treasury detailing purchases and sales to support cash flow provisioning.
• Liaise proactively with traders and operators to resolve disputes, clear overdue AR/AP items, and address unallocated cash.
• Support alignment across the entity through a clear understanding of key business drivers and the impact of each function on those drivers.
• Conduct month-end reconciliation of CTRM versus SAP, working with reporting teams to resolve issues proactively and on time.
• Ensure settlement procedures are reviewed and kept up to date.
• Contribute to process improvement and digitalisation initiatives to enhance efficiency and reduce manual activities.

About Aubay UK – Ahead of Innovation!

Aubay UK is a recognised InSourcing Partner for client-side deployment delivered across London. Our team, based in Canary Wharf, specialises in hiring IT professionals within London’s Energy and FinTech sectors, helping our clients to expand their operations with top-tier talent who are experts in their fields. We work exclusively with clients who are globally recognized as Energy Super Majors/Financial Services and innovative FinTech players.

Aubay UK is the most recently started branch of Aubay Group www.aubay.com . Aubay Group is an international Digital Services Company, listed on a Euronext Stock Exchange, who have been operating for 25 years in the European market and working alongside some of the biggest names in the Banking, Finance, Insurance, Energy, IT/Digital, Manufacturing, Transport and Telecoms sectors. With over 7,800 employees across 7 countries and 16 offices in England, France, Belgium, Luxembourg, Italy, Spain, and Portugal, Aubay Group generated revenues of €534 million in 2023.

Our Client

Our client is an international energy company who covers the full spectrum of the oil and gas value chain. Our client is dedicated to attracting and hiring the highest calibre employees, from all around the world.

As they scale their operations, they are committed to operating in a socially responsible manner, supporting, nurturing, and empowering their people, investing their resources to responsibly and safely contribute to the communities of which they are a part.

Specialities: Oil, Gas, LNG