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  • Job reference: RMS0210939

Crude Settlements Specialist

  • Sector: Finance
  • Location: Houston, Texas
  • Job type: Contract
  • Date posted: 17/05/2019
  • Duration: 12 months
This vacancy has now been filled but please feel free to use the links below to send us your CV or view similar jobs.

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The Role:
Location: Downtown Houston, TX

Department: Back Office & Accounting

General Responsibilities

Responsible for the settlement and invoicing process and related Oil activities.

Skill Profile

 Bachelor's degree in a related discipline; Accounting, Finance, or related field.
 CPA, CFE, CISA, CIA or other relevant designation is not essential but would be a plus.
 Previous experience and deep understanding in oil & gas back office activities
 Domestic Crude settlement experience preferred.
 Experience in the use of accounting system (e.g. SAP) and Microsoft Office as well as with commodities trading risk management (CTRM) software; Endur and ICTS are preferred.
 Demonstrable experience in relevant SOX controls.
 Ability to effectively communicate using oral and written skills to all levels of the organization. Exhibit abilities to work within teams with different viewpoints and priorities.
 Experience with indirect taxes is preferred.
 Strong attention to detail is critical.

Communication Areas

 The position will work with individuals and departments across the organization, primarily the following:
- Immediate supervisor and colleagues
- Front Office Trading and Operations departments
- Credit and Risk department
- SOX and Operating risk department
- Accounting team
- Contracts team
- Compliance department
- Internal and External Auditors
- Colleagues in Europe
 Market peers

Detailed Responsibilities

1. Manage commodity settlements, accruals, manual journal entries and the monthly close process
2. Investigate and resolve daily operational issues (e.g. invoice pricing or volumetric differences) and coordinate with trade operations, risk and scheduler to make corrections in system as needed
3. Advise/mentor peers on matters involving indirect taxes
4. Ensure the alignment between Position Keeping System and SAP
5. Ensure all required internal controls are performed in compliance with SOX and Italian law 231, including assisting with annual review of accounting procedures, internal control testing and coordination with auditors and SOX Administrator
6. Participate in the preparation of Key Performance Indicators
7. Comply with all SOX requirements
8. Assist accounting/treasury team in forecasting and cash application
9. Assist in the reconciliation and analysis of accounting P&L
10. Develop and maintain effective business relationships with constituent staff and management
11. Adhere to all organizational and professional ethical standards
12. Other tasks and duties as directed by the Back Office supervisor
13. Some overtime may be required during peak work cycles

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.

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