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.

Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better - and how you can play your part in our world-class team?

Join our Team and advance your career as Trading Settlements Senior Analyst (fix term)

Trading and Settlements (T&S) executes physical and financial trade 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 T&S (c70% of bp's turnover is managed through the T&S 3rd Party Teams). The team produces a daily cash funding forecast for Treasury Management purposes.

This role supports US based activity; it may require some evening shift working.

In this role You will:

• Manage a portfolio of 3rd parties for settlement of financial and physical transactions & lead senior analysts through their BAU activities.
• 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
• Develop 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 escalate as appropriate
• Identify and assist in delivering continuous Improvement ideas
• Provide exceptional internal and external customer service in order to build and strengthen relationships
• Provide leadership and guidance to Settlement analysts, helping them to manage priorities
• Pro-actively seek and lead opportunities to standardize, simplify and automate processes to improve performance and efficiency within team scope
• Actively participate in, lead within team scope and support projects as appropriate
• Drive and participate in transformation and automation (CI) agenda

What You will need to be successful:

• Relevant finance degree and some years of experience in finance or accounting
• Understanding of Accounts Payable and Receivable settlement principles
• SAP experience
• Developing and delivering Continuous Improvements ideas (e.g. process change and/or automation & reporting changes)
• Experience in trading settlements is an advantage & understanding of commodity trading lifecycle (deal execution/entry to settlement) is an advantage
• Fluency in English
• Strong analytical skills
• Attention to detail

At bp, we provide the following environment & benefits:

• A company culture where we respect our diverse teams and are proud of our achievements
• Possibility to join social communities and networks
• A healthy work-life balance
• Chill-out and collaboration spaces in a modern office environment
• Learning and development opportunities to craft your career path
• Life & health insurance, medical care package
• And many others benefit!

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

Travel Requirement
No travel is expected with this role

Relocation Assistance:
This role is not eligible for relocation

Remote Type:
This position is a hybrid of office/remote working

Skills:

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp's recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.