Settlements Analyst

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.

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.

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

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.