Financial Operations Analyst

Location Dubai
Discipline: Commodities
Job type: Permanent
Contact name: Freddie Ricks

Contact email: freddie.ricks@venturesearch.com
Job ref: 3023
Published: 13 days ago
Key Responsibilities (will include but may not be limited to): 
Invoicing & Settlements
  • Manage the timely invoicing and settlement of both physical oil trading and financial derivatives (futures, swaps, OTC trades under ISDA).
  • Generate and validate sales invoices for actualized trades, ensuring accuracy with contractual terms.
  • Reconcile and process incoming counterparty invoices, tracking and resolving any discrepancies.
  • Secure approvals for payments and work with Treasury for cash forecasting and collateral management.
  • Ensure compliance with clearing broker positions, execution fees, and ISDA confirmations.
Trade Validation & Reconciliation
  • Perform daily reconciliation of trading activity in ETRM against execution and broker clearing statements.
  • Validate Open Trade Equity (Mark-to-Market) of clearing broker positions and trade realizations.
  • Work closely with traders to process any trade amendments, ensuring all changes are authorized.
Counterparty & Contract Management
  • Support the negotiation of ISDA and master agreements, including settlement and credit terms.
  • Draft and review physical oil trade contracts, ensuring compliance with internal policies.
  • Liaise with external counterparties, legal, credit, and finance teams to resolve any settlement or contractual disputes.
Risk, Compliance & Reporting
  • Ensure all transactions comply with financial regulations and risk management frameworks.
  • Provide month-end reporting, including aged debt, accruals, and reconciliation statements.
  • Assist in collateral management and margin calls in coordination with Treasury.