Job Location: Remote
Description:
Reports to: Vice President of Trading & Operation Manager
Department: Trading Operations
Summary:
Working as part of the Crude Oil Trading desk, this role will provide support to Physical/Paper traders in all areas of Physical and Derivative trade administration and support, along with supporting the operations crude desk in all settlements Internationally & US Domestic trades.
Responsibilities:
- Review all entered paper deals in ERP systems on the next day after they are executed
- Check physical and derivatives confirmations from counterparties/brokers and alert traders of any disparities
- Check physical and derivatives contract reports and the settlement reports received from Operators against trader’s records and the ERP system accordingly
- Work closely with the traders to develop an understanding of the market and related counterparties, grades, market movements, instruments
- Obtain an understanding of the Operations team to enable a better interface between the operations team and trading departments
- Develop knowledge and understanding of the market, support Traders and Analyst in preparing internal report, filing documents, manage trading records and market analysis
- Review paper position/P&L with OTC counter parties on daily basis. Settle the P&L with OTC parties on Monthly basis
- Review internally system to ensure all information is aligned with third party data
- Perform paper monthly end closing with Finance team
- Accountable for confirming Receivables & Payables on a timely manner and record and process all settlements as per our internal procedures and processes
- Prepare and communicate payment instruction documentation to the operations team for delivery to various counterparties and customers; scan, send and save the documents internally per company accounting and compliance process
- Responsible for Budgeting and Forecasting by-weekly and monthly, providing support to Finance on a monthly basis
- Prepare Monthly Closing to reconcile all trades at the end of the month supporting accounting department and management
- Perform other duties as assigned
Requirements:
Qualifications:
- Bachelor’s degree in related field
- Experience with settlements and trading environment preferred
- Ideally would have undertaken an internship in a similar role
- Must be interested in and prepared to learn about oil trading environment
- Experience working in an international oil and gas company preferred
- Quick learner and keen to work in a trading environment where high volume of oil is traded
- Able to communicate with clearly & conscience internally & externally
- Advanced Microsoft Office skills (Word, Excel, PowerPoint, Outlook)
- Excellent written, spoken and interpersonal communication
- Fluent Mandarin preferred
- Self-motivated and pro-active
- Ability to work remotely and at the office location
Submit CV To All Data Science Job Consultants Across United States For Free
🔍 Explore All Related ITSM Jobs Below! 🚀
✅ Select your preferred "Job Category" in the Job Category Filter 🎯
🔎 Hit "Search" to find matching jobs 🔥
➕ Click the "+" icon that appears just before the company name to see the Job Detail & Apply Link 📝💼