Trade Settlement Lead

Job Description:

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

Essential Education & Experience:

• Relevant finance degree and minimum of 7-8 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

Why join us?

At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life! These benefits can include flexible working options, paid parental leave policy among others!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Skills:

For further information, and to apply, please visit our website via the “Apply” button below.

Candidates must be resident in Malaysia, or have the right to work in Malaysia.