Accountant, Invoicing (Geneva / Switzerland )

Overview

Manage trade settlement, invoicing, and discrepancy resolution for oil & gas derivatives.

Key Responsibilities

• kpi reporting
• invoice reconciliation
• payment settlement
• financial close
• performance reporting
• ctrm settlement

Tasks

-Support preparation of management information, KPIs, invoicing reports -Assist the Operations team with the settlement of shipping and duty payments to customs -Provide meaningful, actionable insight into business performance, trends and opportunities -Oversees inquiries, investigate and coordinate with counterparties to resolve invoicing transactions -Daily reconciliation of exchange and broker positions with internal records and validate broker fees -Assisting in the period and weekly financial close processes and reporting (Accounts Payable and Accounts Receivable) -Monitor trade settlement status and follow through on pending transactions for timely settlements. -Support production of quarter and period-end reports in a timely fashion -Maintain updated broker settlement instructions for cash and securities for all markets -Review invoices issued and remittance statements according to the specific contractual terms for timely settlement -Check and verify correctness of payment batch or proposal prior releasing -Ensure that payments are accurate and timely -Work closely with Invoicing Manager and Finance Operations Manager across Front Office, Middle Office, Back Office and Support Services to ensure invoices are reviewed, prepared and issued accurately in a high volume, quick turnaround trading environment -Serve as the primary point of contact for the Invoicing team, supporting the Operations and Tax teams to ensure accurate processing of indirect tax transactions and adherence to all applicable regulations -Ensure accurate settlement of trading and non trading transactions using the CTRM and ETRM systems -Liaise with Traders, Market Risk, Product Control, Credit teams and Operations to analyse and resolve various issues including contract and movement entries, deal documentation review -Support daily global performance reporting and ad-hoc reporting requirements -Make suggestions and improvements to invoice reconciliation and reporting process -Responsible for chasing of late payments and liaising directly with the counterparty -Align actions to promote achievement of team goals, place high priority on team performance and helps others be successful -Produce daily accounts receivable aging reports and identify collection issues -Review and approve complex pricing formulas and align internally with Front Office and externally with counterparties any discrepancies -Perform mid-month and month-end checkouts with counterparties -Take responsibility for actions, make decisions on best data available and follows through, remain focused on delivering to goals and is controls focused

Requirements

• finance degree
• chartered accountant
• derivatives
• sap
• ctrm
• ifrs

What You Bring

-Work well with multiple groups including other business units to capture the best value and fosters relationships -Bachelors Degree, Finance based -Industry knowledge -Specific experience with/understanding of key drivers, economics, and management practices of integrated oil industry -Understanding of more complex trade products is required to perform role effectively (Derivatives, complex derivative deals, Swaps, Bookouts) -Systems Experience – SAP and CTRM platform desirable -Technically confident, flexible, adaptable and comfortable in a dynamic and rapidly changing environment -Financial Knowledge - financial planning and strategy, managing profitability, quality management, promoting process improvement, forecasting, corporate finance, developing budgets, knowledge of financial reporting requirements (including financial reporting standards according to IFRS) to be able to produce financial and management accounts that accurately reflect the operations of the business -Must have strong oral and written communications skills. Ability to clearly articulate and support ideas and recommendations to internal, peer groups and management -Commodities Trading knowledge - keeps up to date with international events and geo-political climate, accounting for trading commodities and financial instruments within the energy sector -Minimum 3 years' experience, of which at least 3 years’ experience in the oil and gas trading industry -Chartered accountant with experience of the financial and exchange requirements -Experience in preparing statutory accounts under IFRS and accounting standards -Capable of analyzing problems in a logical manner and recommending solutions, identifies root causes of problems and has the ability to develop sound analyses. Considers both the long- and short-term impact of proposed solutions and develops workable solutions. -Thorough in completing work tasks, quality reviews, uses time efficiently, ability to create accurate and high quality pieces of work, highly numerate with a passion for data systems and analysis

People Also Searched For

About Adnoc Group

-It pursues multi-billion-dollar developments: upstream oil & gas fields, world-scale refineries like Ruwais, and petrochemical hubs. -Offshore operations are among the world’s largest, spanning nine fields, artificial islands, and deep subsea projects. -A major LNG and gas processor, it exports liquefied gas globally while supplying domestic power, water, and industrial users. -Subsidiaries include refining, drilling, distribution, shipping, trading, industrial gas, fertilizers, polymers, and city gas. -Investments span hydrocarbons, petrochemicals (via Borouge, Fertiglobe), and international ventures like Covestro and Santos. -It’s building thermally integrated mega-sites, pioneering subsea power grids offshore, and running the fourth-largest single-site refinery. -It’s emerging as a global chemicals and LNG trader through XRG and public listings on the Abu Dhabi exchange. -Despite its scale, it quietly made history: offshore carbon-cutting grids, subsea power, mega-ammonia & fertilizer units, and polymer giants.

Sector Specialisms