Trade Settlement Lead

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry.  We’re investing in today’s energy system and helping build out tomorrow’s. So while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people’s lives.

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of finance business & technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at FBT Malaysia. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you. 

Our supply and trading business, Trading & Shipping (T&S), connects bp to the world’s traded markets for oil, gas, power, refinery feedstocks and currencies. We market bp’s equity crude oil and natural gas, import feedstocks for our refinery system and buy products to meet marketing demand. We offer a combination of unique expertise in physical supply and trading, innovative financial structures, and world-class analytics to deliver long-term value, from wellhead to end customer.
 

The Trade Settlements Lead handles settlements transactions and acts as primary interface with the trading counterparties, front office and operations team.

KEY ACCOUNTABILITIES

• Accountable for the accurate and timely completion of settlements activities within the area of responsibility

• Support the integration of new business activity into area of responsibility, ensure that activity is embedded in a controlled and efficient manner

• Accountable for ensuring that the operational activity is conducted within a strong control framework.  Highlight any gaps or issues, develop, document and implement mitigations as appropriate

• Understand the business performance expectations, measurement and reporting of KPIs. Provide commentary and actions as appropriate and address root cause of issues.

• Deal with Settlement disputes in a timely manner

• Develop strong working relationships with Power & LCT Commercial Teams

• Ensure full compliance with the bp T&S Settlements Policy

• Support business relationships with identified key stakeholders, building and maintaining customer focus

• Work with relevant teams addressing root causes of outstanding items and issues raised

• Managed aged debt and daily cash funding, support Group cash and working capital management objectives

• Pro-actively seek opportunities to standardize, simplify and automate processes to improve performance and efficiency

• Support change activities to ensure successful implementation

• Provide coaching to team members and support for complex settlements scenarios

• Identify and deliver Continuous Improvement ideas

• Oversee Pricing related queries

• Handles both internal and external audit requests.

ESSENTIAL EDUCATION & EXPERIENCE

• Relevant finance degree and minimum of 8-10 years of experience in finance or accounting

• Deep understanding of Accounts Payable and Receivable settlements principles

• SAP experience preferred

• Understanding of Commodity Trading and accounting background would be advantageous

DESIRABLE CRITERIA

• Strong analytical skills, attention to detail

• Strong work ethics and professionalism

• Strong stakeholder management, customer service capabilities

• Strong problem solving, communication and interpersonal skills

• Ability to work as part of a team in a fast-paced environment

• Proven ability to communicate and influence across all levels in the organization 

• Good Microsoft skills and ability to handle data from multiple sources and systems

• Strong teamwork with ability to support and appropriately challenge team members  

• Ability to prioritize, handle pressure and deliver on deadlines in a fast-paced environment

• Self-confident appearance in relations to the internal contacts

• Good change management skills

• Proven experience in identifying continuous improvement opportunities

• Ability to mentor team members

• Commitment to business control including the courage to speak up where appropriate

• Ability to work in an agile and flexible manner, adapting quickly to change and collaborating effectively across teams.

At bp, we provide the following environment and benefits to you!

• A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued

• Possibility to join our social communities and networks

• Learning opportunities and other development opportunities to craft your career path

• Life and health insurance, medical care package

• And many other benefits.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status!

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. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.