COMPANY DESCRIPTION
About the Company
JERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading, JERAGM's shareholders are among the world's major utilities.
JERAGM operates one of the largest energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. Its in-depth knowledge and market insights enable us to capture trading opportunities, optimise portfolios, create value and enhance security of supply for our customers.
Headquartered in Singapore, JERAGM has a global talent pool of close to 300 people across offices located in four strategic locations: Singapore, Japan (Tokyo), the UK (London) and the US (Baltimore).
JERAGM is strongly capitalised with over US$500 million in paid up capital and a total equity of US$4 billion. JERAGM has retained its A+ Stable rating from R&I, attributable to a robust business model and solid financial base.
DESIGNATION : Settlements Analyst, SG
RESPONSIBILITIES
Department:
The Finance department is responsible for all key financial matters affecting the company and for the design, implementation, maintenance and operation of financial processes and internal controls.
The Finance team is accountable for the management and oversight of the following functions:
Settlements
General Accounting
Consolidation Reporting
Financial planning & Analysis
Tax
Key Role Responsibilities:
Invoice creation, distribution, reconciliation and settlement of physical and financial trading activities for Coal, LNG and Freight (Accounts Payable/Receivable)
Coordinate with stakeholders to resolve invoice reconciliation discrepancies proactively and timely
Responsible for ensuring the timely collection of cash and aging reporting
Work with operations team to clear overdue Accounts Payable/Accounts Receivable items and non-allocated cash
Identify, recommend, and implement process improvements around settlements processes
Ensure the Settlements team SOP documentation are kept updated
Ensure compliance with trading standards and other regulatory requirements
Ensure correct tax treatment of invoices
Other tasks and projects assigned by Settlements Manager and Settlements Specialist
May be required to work outside of normal business hours
May be required to cover settlements for London office during London business hours
QUALIFICATIONS
Minimum 2 years of Settlements working experience preferably in the Commodity Industry, with a minimum Diploma in Accounting or equivalent professional degree
System savvy and proficient in Microsoft Office suite
Able to work independently with minimal supervision, strong self-initiative
Ability to manage multiple priorities and work well under time pressure
Good verbal and written communication skills, able to communicate effectively with people at all levels and attention to details
Strong team player and collaborate with other Finance team members to support overall Finance goals and objectives
Strong problem-solving skills
Knowledge of IMOS, Horizon and SUN system are preferable but not a must as training will be provided.
OTHER INFORMATION
This role offers an excellent opportunity to further develop skills and responsibility within a growing and successful commodity trading business.
