Description
Cash Settlements Analyst Leading Global Energy Company SAP
My client is a globally recognised brand and leading energy provider who are an excellent name to have on your CV. They require a cash systems analyst. An understanding of cash processing procedures and an understanding of SAP is required.
Overview
As a Cash Analyst you will be responsible for efficient and controlled operation of the Oil and Gas Trading Cash process.
The role is within the Cash Team, within the wider Financial Settlements Team, part of Global Central Services. The role provides Trade Settlement support for three trading functions in Singapore, London and Chicago.
As a global trading organisation you may be required to work an early shift (from 7am), or a late shift (until 7pm), in addition there will be requirements to work on some bank holidays and weekends.
Key accountabilities
* Daily allocation of cash for Third Party and Group companies across all entities. This includes input of currency equivalents for foreign currency settlements and releasing parked documents to the correct chains (for working capital purposes). Monitoring the Hub files to ensure that any posting failure is dealt with promptly.
* Daily Payments to both Third Parties and Group companies via various methods - WAPI, EPD, GAMI. Ensuring that these are forecast and made within Treasury's deadlines.
* Daily uploading bank statements and checking back to general ledger
* Running daily Open Item reports for the various entities - to ensure that any items that are allocated to the cash team are investigated and cleared as soon as possible.
* A Daily U-Hub Report to show the outstanding unallocated hub entries.
* Foreign Exchange clearing in relation to hedging deals
* Validating WAPI bank details for set up into Wall street by Finance - query any discrepancies and then send a digitally signed email to Finance to confirm set up.
* Daily Mizuho reconciliation - settlement of exchange cash settlement.
* Adhoc Duties and queries Contra's, Swift requests, payment and receipts queries, clearing queries, Margin splits, Write offs, FX queries and audit requests.
* Manage the Bank Mandate
* Understand and adhere to all control and compliance policies
* Month End reporting and reconciliations.
* Provide Daily Open items reports
Skills & Experience Required
Thorough understanding of Cash Processing Procedures in a large and complex organisation
Attention to detail and accuracy are fundamental
System Literate - SAP is essential, and exposure to online banking portals.
Strong and confident communication skills
Ability to manage workload independently to clear performance measurements with little supervision
Highly numerate, an accounting background would be desirable, although is not essential
An understanding of Energy Trading Settlements is not required