logo

JobNob

Your Career. Our Passion.

Specialist- Trading Settlements


Location

India | India


Job description

Job Description

, India


Job Family Group:

Finance


Worker Type:

Regular


Posting Start Date:

December 16, 2023


Business unit:

Finance


Experience Level:

Early Careers


Job Description:

Where you fit

Shell Trading integrates a global portfolio of crude oil, refined products, natural gas, electrical power, LNG, chemicals and freight & Shipping . Additionally, it provides marine expertise to operating units and manages a substantial fleet of vessels.

What's the role?


The successful candidature will be part of one of the teams of North America Products Trading Settlements & Accounting within Hydrocarbons management responsible for daily settlements of Refined Products line of business with external and inter-group counterparties for Shell Trading US Company and Shell Trading Canada legal entities.

Daily settlements include paying vendors, invoicing customers, debt chasing, emissions accounting, regulatory reporting, Inter Group reconciliations and non-commodity settlements. The successful candidature will work within a team of 8 – 12 members with extensive collaboration with the business partners spread across Finance Operations and Houston / Calgary business locations. The role offers a challenging opportunity in a fast moving, dynamic and global trading environment with one of the shortest payments terms and complex emissions standards.


Accountabilities:


1. Co-ordinate the settlements activities for NA Products line of business by ensuring on-time and accurate settlements in line with the contractual terms, compliance, controls and sanctions framework, emissions standards and agreed ways of working with business partners.
2. Lead and coordinate the efforts in all disputes, validation errors and IT issues impacting daily settlements and work with relevant stake holders for a resolution.
3. Follow the escalation matrix where issues and disputes remain unresolved that calls for manager’s intervention, support, and guidance.
4. Monitor the workload distribution of the teams daily by being responsible for the daily VM huddles of the team.
5. Responsible for timely and accurate publishing of operational metrics and periodic reports with quality comments.
6. Responsible for seeking periodic feedback from the business partners on various reports, metrics, data analysis shared and continuously strive to improve the quality for maximizing opportunities to support business.
7. Periodically review the operational metrics, leading and lag indicators for potential Continuous Improvement opportunities that can be identified and taken forward for further discussions.
8. Responsible for the monthly and quarterly preparation of Blackline accounts in line with the Global and Trading guidelines.
9. Periodic review and update of Work Instructions to ensure all the process exceptions and changes are documented and approved.
10. Undertake Ad-hoc activities as and when presented by changing business scenarios.
Dimensions:
Average vendor payments of ~ $ 2 Billion per month.
Average customer billing and collections of $ 2.5 Billion per month.
Emissions accounting and Inter Group reconciliations are part of the above dimensions.

Work Schedule:


Considering the daily settlements supporting North America, the position involves working in night work shift to support US business hours all through the month.

The routine work shift will be 6 pm to 3 am (India Standard Time).

What do we need from you?

Company Description

Shell Business Operations (SBO) is a chain of operational centers that form an integral part of Royal Dutch Shell. We influence business development for Shell globally, enabling the work of 93,000 employees in over 70 countries across the world. SBO Chennai is focused on driving excellent performance that enable Shell to operate in a global competitive and ever-changing business environment.

An Innovative Place to Work

There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you’ll add your talent and imagination to a business with the power to shape the future – whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.

An Inclusive & Progressive Place to Work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.

A Rewarding Place to Work

-

Competence                                                                      Level    

Accounting and Reporting                                            Skill

Process and Data management                                 Skill

Business partnering                                                        Skill

Business performance management                       Skill

Value management                                                        Skill

Governance and Assurance                                         Skill

Risk management                                                            Skill

Financial controls                                                             Skill


DISCLAIMER:

Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.


Job tags



Salary

All rights reserved