Trade Settlements Analyst - Houston, United States - Vitol

Vitol

Verified Company

Houston, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Company Description

Vitol is a leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon.

From 40 offices worldwide, we seek to add value across the energy supply chain, including deploying our scale and market understanding to help facilitate the energy transition.

To date, we have committed over $2 billion of capital to renewable projects, and are identifying and developing low-carbon opportunities around the world.

Vitol's Middle Office function couples a dynamic and challenging work environment with a team eager for growth, learning, and career development.

The Middle Office is comprised of distinct and critical roles that support Economic, Operational, Legal and Regulatory health of our Commercial activities.

As a Trade Settlements Analyst you will develop an in-depth knowledge of how Vitol operates its businesses, along with valuable experience and skills related to the complete trade life-cycle, encompassing the people, processes, and systems.

This role serves as a strong foundation for future advancement and opportunities within the organization.

Responsibilites may include:

Working directly with the Traders, Operators/Schedulers, and Commercial Analysts with regards to tracking and maintaining accuracy and completeness of trades in Vista (trade processing system)
Working with other Analysts to optimize processes and build efficiencies
Responsible for the daily invoicing of trades and processing the entry of product and ancillary traderelated invoices in Vista
Invoice to cost budget reconciliations to ensure accurate capture of pnl
Preparation of approved invoices for payment and coordinating with Treasury for accurate cash forecasting
Timely and accurate settlement including the invoicing of sales, purchases, transportation and various ad hoc costs
Reconciliation and rolling of monthly storages for accurate inventory reporting
Building relationships with counterparties to facilitate settlement
Budget and cost review, and reconciliation of all open items
Problem solve and explain month end anomalies from Vista for/with Accounting
Assist with the correct support documentation for physical movements
Other projects as assigned includes working on assignments from front office / Commercial team
Role provides the opportunity to learn the full trade cycle and serves as a strong foundation for future advancement and opportunities within the organization

Qualifications Required**- Bachelor's degree in Accounting, Finance, Mathematics, Computer Science, or related field