Settlements Analyst

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Job Description:

Settlement analyst (intermediate level) position purpose is to manage documents for settlement. It includes verification of information on incoming invoices (invoices payable, AP); and issuing outgoing invoices (invoices receivable, AR) before settlement and solving the issues related to both AP and AR invoices. Also, to ensure timely follow up on AP and AR. AP arrangement to be up to date in ETRMs system to facilitate the Treasury's cash flow forecast.

Main Responsibilities

1. Register counterparty and vendor invoices

2. Full competency in standard deals scenarios

• Provide price calculation to counterpart

• Issue commodity receivable invoices and check correctness of supporting information (pricing, tax etc.)

• Process commodity and vendor payable invoices, link with underlying cost in system and ensure proper approvals in accordance with Payable Approval Policy

• Update spreadsheets/dashboard for delivery monitoring and documentary follow-up

• Check receipt of funds for issued invoices

3. Focus on more complex deal scenarios:

• Calculate and apply other regions taxes and tariffs to invoices and linkages

• Issue/process commodity payable/receivable netting invoices and offsets

• Process vendor payable invoices requiring reconciliations and/or allocations

• Process prepayments and provisional invoices

• Documents presentation under LCs / Liaise with bank on pre-checks results

• Cross check provision costs

4. Resolve entry level settlement issues and discrepancies

5. Escalate settlement issues and discrepancies to senior analysts

6. Independently handle BL endorsement

7. Participate in UAT testing of IT systems

Education
• Bachelor’s degree in business administration, accounting, or related field

Experience
• Three years or more experience with AR and AP commercial invoicing processes
• Understanding of local applicable taxes, some understanding of other regions taxes
• Experience with vessel, barge, rail, truck, terminal, and/or pipeline invoicing preferred
• Experience with cargo or commodity invoicing preferred

Skills
• Incoterm knowledge
• Understanding of Trade Finance documentation
• Microsoft Office advanced user

If you think the open position you see is right for you, we encourage you to apply!

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