AP/ AR ANalyst- Trading Settlement Senior Analyst

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.

Join our Trading Settlements Team and advance your career as an

AP/AR Analyst- Trading Settlements Senior Analyst

ST&S completes physical and financial trades with external counter parties and customers, both on behalf of BP's businesses, managing physical supply and exposure; as well as for entrepreneurial purposes using market intelligence data.

The role of the 3rd Party Team is to ensure trades are recorded and settled (payments and receivables) in an accurate and timely manner. This requires a thorough understanding of the deal life cycle (from trade execution through to physical delivery and final settlement). Transactions can be very high value and with complex terms and conditions, requiring efficient problem solving skills.

The 3rd Party Settlements Team is responsible for managing operational cash and working capital on behalf of ST&S (c70% of bp's turnover is managed through the ST&S 3rd Party Teams). The team produces a daily cash funding forecast for Treasury Management purposes.

The role supports US based activity, and requires a minimum of 7 days evening shift working per month.

In this role you will (be):

• Manage a portfolio of 3rd parties for settlement of financial and physical transactions. 

• Accountable for the accurate and timely completion of Settlements activities within area of responsibility, which include: 

  • Generate customer invoices and supporting documentation

  • Settle all 3rd party transactions per contractual terms

  • Ensure funds are received and paid on time and accurately; liaise with counterparties should any discrepancies occur; provide thorough explanations for any outstanding balances

  • Provide accurate details of projected cash flows to enable BP Treasury to manage daily and weekly cash requirements

• Build and maintain strong relationships with T&S commercial teams 

• Ensure full compliance with the BP T&S Settlements Policy

• Ensure delivery of high quality customer service

• Manage aged debt and cash forecasting

• Deal with a wide variety of ad-hoc queries timely and raise as appropriate

• Identify and assist in delivering continuous Improvement ideas

• Actively participate and support projects as appropriate

• Provide exceptional internal and external customer service in order to build and strengthen relationships

What you'll need to be successful:

• Relevant finance degree or equivalent experience

• Few years of experience in finance or accounting

• Understanding of Accounts Payable and Receivable settlement principles

• SAP experience

• Creating and delivering Continuous Improvements ideas (e.g. process change and/or automation & reporting changes)

• Experience in trading settlements and understanding of commodity trading lifecycle (deal execution/entry to settlement) is an advantage. 

• Good analytical skills

• Attention to detail

• Good problem solving, communication and interpersonal skill

• Good collaborator management/customer service capabilities

At bp, we provide the following environment & benefits to you:

• Different bonus opportunities based on performance, wide range of cafeteria elements

• Life & health insurance, medical care package

• Hybrid