Save Job Back to Search Job Description Summary Similar Jobs£300 per dayFantastic Career development opportunitiesAbout Our ClientGlobal Energy Management & Sales is one of the global business units of the firm. Its mission is to ensure the competitiveness of the group's Business Units and develop its own franchise trough a comprehensive range of services related to Trading and energy management.Energy commodities back office analystUtilitiesCity of LondonJob DescriptionValidation and Confirmation of transactions across a wide range of commodity markets and with trading counterparties (internal and external) for all UK trading activities. This includes trades executed on exchanges and Over the Counter (OTC) directly with counterparties under various contract structures. Maintain a system for tracking outstanding confirmations and liaise with counterparties to ensure all outstanding confirmations are received.Invoicing: Accurate preparation and validation of commodity invoices, associated fees (including broker fees, gas shipping and transportation charges) and some ancillary services.Daily cash margining process: agree daily cash margin (also referred to as cash collateral) exposures with trading counterparties. This is a time sensitive process that involves daily payments by set deadlines and being proactive in following up if there are late responses and/or mismatches.Query Resolution: Have a thorough understanding of commodities and contract structures traded to successfully resolve queries from internal and external counterparties.Compliance control: Review deals from a compliance and control point of view and flag up for corrective action (e.g. errors and breaches by traders)Financial Control: Liaise with colleagues in the wider business to ensure cash settlement occurs and follow up late payments with counterparties where necessary.Internal Control, Best Practise and Audit: Develop and maintain clear and logical administrative processes with efficient audit trails. Assist with audit queries as and when they arise. Strive to develop the Back Office as an area of "Best Practise".Financial and Trading Reporting: Ensure all required information is provided under agreed deadlines to various users including:Finance teams - for cash forecasting, gross margin reporting and month end reportingRisk Management- for trading reportsWider areas of the business for ad-hoc analysisCompliance with Contractual Terms: Ensure all Back Office processes are carried out in accordance with contractual obligations.Regulatory reporting: support Back Office team with regulatory reporting (REMIT, EMIR etc)Various Ad-Hoc Tasks, including:provide knowledge and support during Trade System improvement projects.propose and participate in improving processes and tools (e.g., automate manual tasks, update and improve existing tools etc.)Back up cover for the team - provide cover for the Back Office team when colleagues are out of the office (e.g., holiday/sick leave cover)The Successful ApplicantAt least 2 years' experience in a Back Office environment within the UK/European energy industryExperience with an ETRM system for the energy industry such as Orchestrade (OT) is a plusStrong knowledge of MS Office (candidates with coding skills will be considered favourably, e.g., VBA, Python, SQL, Power BI, advanced MS Excel etc)Experience in back office process automation and digitalization.Experience in large scale systems projects / or equivalent project work.Awareness of UK VAT rules (not essential but desirable)Energy commodities back office analystUtilitiesCity of LondonWhat's on OfferContractCompetitive Day rateHybrid workingEnergy commodities back office analystUtilitiesCity of LondonContactRoisin KellyQuote job refJN-102024-6564392Phone number+44 207 776 5924Job summaryJob functionTreasurySubsectorFinancial ServicesSectorEnergy & Natural ResourcesLocationCity of LondonContract typeTemporaryConsultant nameRoisin KellyConsultant phone+44 207 776 5924Job referenceJN-102024-6564392
