Company : Total Gas & Power Ltd
Contract : permanent position (local)
Branch : Gas & Power
Location : United Kingdom - London
Interviews will take place in : Canary Wharf, E14
Starting date : As soon as possible
Salary : According to profile
Job description
Working in a fast paced trading environment the role requires the jobholder to be able to work both autonomously and within a team.
The position requires daily interaction with other departments within the organization. Industry and contractual deadlines to be respected.
Reconciliation of discrepancies and resolution of counterpart issues requires jobholder to be able to seek out information Necessary for problem solving. The position is based within the Trading floor, an open plan office. It is a very active environment, the candidate needs to be able to focus on tasks and multi task.
An error in a confirmation or an invoice can have huge implications not only financially but also in loss of reputation, trust and time, this also relates to all open positions with exchanges.
The job is accountable for:
• Accurate and timely confirmation and invoicing of all transactions; - All entries within the trading book are correct, no misreporting as this can cause big P&L swings
• Effective communications with numerous internal and external parties.
ACTIVITIES
• Manage a portfolio of trading counterparts;
• Check traders supply accurate deal-sheets/electronic download reports for trades validated within our ‘in-house’ trading system, (the BOOK);
• Ensure that accurate trading information is represented within the BOOK by confirming deals with counterparts on a daily basis;
• Reconcile counterpart/pipeline invoices against the BOOK
• Send invoices to counterparts without exceeding deadlines set within the industry as well as contractually;
• Submit payment instructions to finance in a timely manner allowing them to comply with contractual payment dates;
• Assist internally and externally with any Back Office related questions;
• Participate in team and individual projects delegated by the Back Office Manager;
• When needed, help keep the team Organized by assisting with general Back Office duties including: Faxing, Archiving and Filing.
• Daily reconciliation of Exchange Position
• Ecm – Check daily to ensure all trades have matched
• Collect and check brokers confirmations against the Book contents each day
• Check and fax all the confirmations produced by the system to the counterparties.
• Collect all incoming confirmations (both thirdparty and returned Total confirmations) and check and record against the Book. Chase all outstanding confirmations
• Update the book with actual deliveries when this alters from the contractual volume
Required skills
Education
University educated in a numerate degree discipline.
Knowledge of energy commodity markets.
Experience
Proven initial experience within a Back Office trading environment.
European languages are desirable.
Skills
Ability to work under pressure, common sense.
able to work within a team but also individually when necessary. This position also requires the candidate to be pro active and reliable.
CANDIDATES MUST BE ELIGIBLE TO WORK IN THE UNITED KINGDOM
Click here for more information and how to apply
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