Sr. Settlements Analyst

Sr. Settlements Analyst

Contract Type:
Permanent

Senior Settlement analyst position purpose is to manage documents for settlement and sharing knowledge with entry and intermediate level settlement analysts. It includes verification of information on incoming invoices (invoices payable, AP); issuing outgoing invoices (invoices receivable, AR) before settlement; and timely follow up on AP and AR. AP arrangement to be up to date in ETRMs system to facilitate the Treasury’s cash flow forecast.

It also implies settlements related communication with external and internal stakeholders and active participation in settlements process and systems development.

• Register counter party and vendor invoices
• Fully understand standard and complex deal scenarios
• Provide price calculation to counterpart
• Issue commodity receivable invoices and check correctness of supporting information (pricing, tax etc.)
• Process commodity and vendor payable invoices, link with underlying cost in system and ensure proper approvals in accordance with Payable Approval Policy
• Update spreadsheets/dashboard for delivery monitoring and documentary follow-up
• Check receipt of funds for issued invoices
• Calculate and apply other region’s taxes and tariffs to invoices and linkages
• Issue/process commodity payable/receivable netting invoices and offsets
• Process vendor payable invoices requiring reconciliations and/or allocations
• Process prepayments and provisional invoices
• Documents presentation under LCs / Liaise with bank on pre-checks results
• Cross check provision costs
• Focus primarily on complex deal and invoicing scenarios
• Process rebilling scenarios
• Process complex final invoicing scenarios
• Independently handle BL endorsement
• Resolve experienced level settlement issues and discrepancies
• Escalate settlement issues and discrepancies to ops and management
• Mentor entry level and experienced level
• Participate in workflow review
• Participate in UAT testing of IT systems
• Participate in settlement process improvement discussions

• Bachelor’s degree in business administration, accounting, or related field
• Experience with vessel, barge, rail, truck, terminal, and/or pipeline invoicing preferred
• Experience with cargo or commodity invoicing preferred

• Five years or more experience with AR and AP commercial invoicing processes
• Understanding of local applicable taxes and basic understanding of some other region taxes
• Experience with vessel, barge, rail, truck, terminal, and/or pipeline invoicing preferred
• Experience with cargo or commodity invoicing preferred

• Microsoft Office advanced user
• Good Incoterm knowledge
• Understanding of Trade Finance documentation
• Professional communication skills