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Back Office Analyst (Contract) at ENGIE Group
London, United Kingdom
Job Descrption
Global Energy Management & Sales (“GEMS”) is one of the global business units of ENGIE. Its mission is to ensure the competitiveness of the group’s Business Units (“BU”) and develop its own franchise through a comprehensive range of services related to Trading and energy management.
The Settlements Analyst is responsible for working with colleagues to maintain the Back Office function for EUM’s UK trading activities. The Settlements Analyst is also expected to contribute to developing and maintaining a reputation for the Back Office as a provider of accurate, efficient and timely information to its internal and external stakeholders, which include Finance teams within ENGIE... counterparty Back Offices, Risk Management teams and Group Reporting.
This role is part of the Back Office team within FINOPS, working alongside a team of six. We are looking to hire a Settlement Analyst for our London office. This is a permanent, hybrid position, working 37 hours per week, with two days spent in the office.
This includes trades executed on exchanges and Over the Counter (OTC) directly with counterparties under various contract structures. Accurate preparation and validation of commodity invoices, associated fees (including broker fees, gas shipping and transportation charges) and some ancillary services.
Daily cash margining process: agree daily cash margin (also referred to as cash collateral) exposures with trading counterparties. This is a time sensitive process that involves daily payments by set deadlines and being proactive in following up if there are late responses and/or mismatches.
Query Resolution: Have a thorough understanding of commodities and contract structures traded to successfully resolve queries from internal and external counterparties.
Financial Control: Strive to develop the Back Office as an area of “Best Practise”.
Financial and Trading Reporting: Risk Management - for trading reports.
Wider areas of the business for ad-hoc analysis.
Compliance with Contractual Terms: Ensure all Back Office processes are carried out in accordance with contractual obligations.
Regulatory reporting: support Back Office team with regulatory reporting (REMIT, EMIR etc).
Provide knowledge and support during Trade System improvement projects.
automate manual tasks, update and improve existing tools etc.).
Back up cover for the team – provide cover for the Back Office team when colleagues are out of the office (e.g., holiday/sick leave cover).
Experience working in a Back Office environment within the UK/European energy industry.
Strong knowledge of MS Office (candidates with coding skills will be considered favourably, e.g., VBA, Python, SQL, Power BI, advanced MS Excel etc).
Experience in back office process automation and digitalisation.
Experience in large scale systems projects / or equivalent project work.
Focus on automation and eliminating manual/inefficient processes.
Hybrid Working.
Bonus Programme.
Commitment to professional development and growth.
If you’re a proactive, analytical professional with a passion for the energy sector, apply today to join ENGIE’s GEMS team and be a part of our journey towards a greener future.
Business Unit: GEMS
Division: GEMS - BP UNITED KINGDOM
Legal Entity: Contract Type: Permanent
Job Type: Full - Time
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