IG Settlement Lead 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

Settlements

Team and advance your career as a/an

IG Settlement Lead Analyst

FBT defines, owns, sources and operates efficient and standardised business services for the bp.

We are business process professionals, working as a unified organisation across finance, customer service, procurement, PC&C and other functional areas to fully support bp in its global operations and aims. Our license to operate is dependent on us being able to deliver silent running in the most efficient manner.

As the FBT organisation continues to grow and accommodates more, it has the opportunity to deliver additional value in five core areas:

Risk and control: Enhancing bp's business and system controls through improved governance and implementation of global process designs, systems templates and control frameworks.

Process effectiveness: Increasing cash and working capital delivery; improved process effectiveness and reliability through delivering an accurate outcome first time.

Process efficiency: Driving commonality of global processes and building these into standard templates to be incorporated into our ERP systems implementations and our continuous improvement activities across operational processes.

Quality service: Delivering enhanced customer services to the businesses we support and bp’s customers, through our well-trained, professional people.

Capability: Developing future leaders for the organisation through talent management bp and career mapping and developing deep expertise in the domain of process.

ST&S performs physical and financial trades with internal counter parties 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 Group Settlements 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 Group Settlements Team is responsible for managing intercompany reconciliations and settlements with bp affiliates, the team performs the month-end and quarter-end closing activities.

In this role You will:

Manage a portfolio of counterparties 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 intercompany 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 delivery of high quality customer service

Manage aged open items

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 will need to be successful:

Minimum of 1-3 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 & understanding of commodity trading lifecycle (deal execution/entry to settlement) is an advantage.

Good analytical skills

Attention to detail

Good work ethics and professionalism

Good problem solving, communication and interpersonal skills

Ability to work as part of a team in a fast paced environment

Readiness for action and ability to work under pressure

Good collaborator management/customer service capabilities

Self-confident appearance in relations to the internal contacts

Basic change management skills

Commitment to business control including the courage to speak up where appropriate

Great teammate with ability to handle pressure particularly during busy periods such as month / quarter end

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.

Travel Requirement

No travel is expected with this role