Settlement Senior Executive (Ancillary)

AIRSWIFT MALAYSIA SDN BHD

Kuala Lumpur, Malaysia

Posted 6 years, 1 month, 0 days ago

Job Details

Description :

 

 

JOB PURPOSE

 

IST executes physical trades with counterparties and customers globally; managing the physical movements incurs multiple ancillary costs (e.g. Freight, inspections and storage). In additional BP executes derivative trades in many energy markets around the world, with a variety of counterparties and customers.

 

The role of the Ancillary Team is to ensure ancillary costs and derivative trades are recorded and settled (payments and receivables) in an accurate and timely manner. This requires a thorough understanding of the physical life cycle (from trade execution through to physical delivery). The team is responsible for management of overdue items.

 

Requirements :

 

 

KEY RESPONSIBILITIES

 

  • Manage a portfolio of ancillary costs and/or derivatives for 3rd parties Customers 
  • Deal with Settlement disputes in a timely manner
  • Develop and maintain strong relationships with IST commercial teams 
  • Ensure full compliance with the BP IST Settlements Policy
  • Provide good quality customer service in all external interactions
  • Manage aged debt and daily cash funding
  • Deal with a wide variety of ad-hoc queries 
  • Identify and deliver continuous Improvement ideas

 

 

PREVIOUS EXPERIENCE

 

 

  • Relevant finance degree and minimum of 2 to 3 years of experience finance or accounting 
  • General understanding of Accounts Payable and Receivable settlement principles
  • Understanding of Commodity Trading and/or Oil Physical Life cycle (deal entry to settlement)

 

 

 

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Salary up to

Not disclosed

Job Type

Full Time

Experience

2-5 Years

Industry

SCM & Operations/BPO

Job Category

Accounting

Account Payable

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