AP/ AR ANalyst- Trading Settlement Senior Analyst

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.

Join our Trading Settlements Team and advance your career as an

AP/AR Analyst- Trading Settlements Senior Analyst

ST&S completes physical and financial trades with external counter parties and customers, both on behalf of BP's businesses, managing physical supply and exposure; as well as for entrepreneurial purposes using market intelligence data.

The role of the 3rd Party Team is to ensure trades are recorded and settled (payments and receivables) in an accurate and timely manner. This requires a thorough understanding of the deal life cycle (from trade execution through to physical delivery and final settlement). Transactions can be very high value and with complex terms and conditions, requiring efficient problem solving skills.

The 3rd Party Settlements Team is responsible for managing operational cash and working capital on behalf of ST&S (c70% of bp's turnover is managed through the ST&S 3rd Party Teams). The team produces a daily cash funding forecast for Treasury Management purposes.

The role supports US based activity, and requires a minimum of 7 days evening shift working per month.

In this role you will (be):

Manage a portfolio of 3rd parties for settlement of financial and physical transactions.

Accountable for the accurate and timely completion of Settlements activities within area of responsibility, which include:

Generate customer invoices and supporting documentation

Settle all 3rd party transactions per contractual terms

Ensure funds are received and paid on time and accurately; liaise with counterparties should any discrepancies occur; provide thorough explanations for any outstanding balances

Provide accurate details of projected cash flows to enable BP Treasury to manage daily and weekly cash requirements

Build and maintain strong relationships with T&S commercial teams

Ensure full compliance with the BP T&S Settlements Policy

Ensure delivery of high quality customer service

Manage aged debt and cash forecasting

Deal with a wide variety of ad-hoc queries timely and raise as appropriate

Identify and assist in delivering continuous Improvement ideas

Actively participate and support projects as appropriate

Provide exceptional internal and external customer service in order to build and strengthen relationships

What you'll need to be successful:

Relevant finance degree or equivalent experience

Few years of experience in finance or accounting

Understanding of Accounts Payable and Receivable settlement principles

SAP experience

Creating and delivering Continuous Improvements ideas (e.g. process change and/or automation & reporting changes)

Experience in trading settlements and understanding of commodity trading lifecycle (deal execution/entry to settlement) is an advantage.

Good analytical skills

Attention to detail

Good problem solving, communication and interpersonal skill

Good collaborator management/customer service capabilities

At bp, we provide the following environment & benefits to you:

Different bonus opportunities based on performance, wide range of cafeteria elements

Life & health insurance, medical care package

Hybrid working arrangement aligned with team arrangements and business needs

Opportunity to build up long term career path and develop your skills with wide range of learning options

Celebrate in bp’s success. You may be eligible to join bp’s Global ShareMatch plan. This non-contractual benefit lets employees buy bp shares and receive matching shares, in line with plan rules

Family friendly workplace e.g.: Extended parental leave, Mother-baby room

Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program

Possibility to join our social communities and networks

Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipment

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

At bp, we support our people to learn and grow in a diverse and ambitious 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.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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

Disclaimer: Please note that, according to Hungarian law (2012/I. 113. §), mothers or single parents caring for a child under three years of age cannot be employed in night shift positions.

Travel Requirement

No travel is expected with this role