Settlement Analyst

Salary depends on experience
Posted on 06/18/18
5 - 7 years experience
Energy & Utilities
Salary depends on experience
Posted on 06/18/18

Do you have a long-term vision for your career? Isn’t it time you joined a company that thinks the same as you do? At Koch, 90% of earnings are reinvested in the company so that we can create opportunities and long-term value for our customers, employees, and society. Our culture is defined by the Market-Based Management® philosophy which guides everyday decision making and provides employees with opportunities to contribute and personally benefit from the value they create.

 

Koch Energy Services, LLC (KES) and Koch Canada Energy Services, LP are natural gas supply, marketing and distribution companies with offices located in Wichita, Kansas, Houston, Texas and Calgary, Alberta and is a subsidiary of Koch Ag & Energy Solutions, LLC. KES and Koch Canada Energy Services manage approximately 2.5 BCFD of natural gas demand throughout North America. The companies lease transport and storage and actively trade across all major natural gas hubs. Koch Energy Services adds value through its expertise in market analysis, physical gas and power trading, marketing capabilities, and innovative energy solutions.

 

THE OPPORTUNITY: We are seeking a highly motivated and self-driven Settlement Analyst to provide execution of the natural gas settlement accounting and related analysis activities for Koch Energy Services (KES).

Settlement Analysts within Koch Energy Services are involved with business transactions and decisions and interact with a diverse group of people within accounting, information technology, trading, marketing, operations, risk, and other Koch companies. Additionally, you will gain a solid understanding of the company you support, including profit drivers, industry, competitors, and the market in which the business competes.  Opportunity exists for the analyst to bring innovative ideas and solutions through automation to the team. 

 

 

The Settlement Analyst is responsible for the following activities for their regional team:  

  • Participate in daily, weekly, and monthly settlement of physical and paper trading activity (Accounts Payable/Receivable)

  • Coordinate with counterparties to resolve invoice reconciliation discrepancies proactively and timely with others across capabilities including scheduling and trading team to improve overall customer experience

  • Assure accuracy and integrity of activity recorded in general ledger

  • Assist with generation of invoicing statements and cash forecasting, communicating progress with settlements lead and accounting team

  • Work within accounting team on responsibilities during busy times with cross training, ad-hoc reporting, audit inquiries, and process improvements

  • Prepare regulatory filings for various government entities

  • Develop an understanding of the market structure and build relationships with internal and external counterparties, traders, position managers, operations and other KES capabilities

  • Reconcile commodity activity between facility statements and ETRM system to ensure data integrity, as well as communicating impacts to commercial and accounting teams

  • Understand contract details, fees, rates, and payment schedules to ensure all items for payment are captured in a timely manner

  • Identify, recommend, and implement process improvements around settlement and accounting processes

  • Be knowledgeable of and ensure compliance with trading standards and other compliance requirements

  • Assist with related projects and analysis

  • Work outside of normal business hours may be required at times

What You Will Need:


Basic Qualifications:

  • General accounting knowledge of payables, receivables and inventory

  • Bachelor's or Master's degree in Accounting, Finance or business-related degree OR Associates Degree in Accounting, Finance or business with 5+ years’ experience in accounting or business

  • Strong analytical, critical and economical thinking and problem-solving skills

  • Strong communication skills in a team-oriented, open work space environment

  • Ability to multi-task, grasp complex issues, as well as pay strict attention to details

  • Proficient with Microsoft Office applications including MS Excel

What Will Put You Ahead:


Preferred Qualifications:

  • Working knowledge of commodity trading and trading fundamentals in natural gas industry
  • 1+ years Commodity Settlement experience

  • Bachelor's or Master's degree in Accounting, Finance or Business

  • OpenLink Endur or similar ETRM system experience

  • Proven change agent and success with automation/ bot building, light IT skills

    054859.

Not the right job?
Join Ladders to find it.
With a free Ladders account, you can find the best jobs for you and be found by over 20,0000 recruiters.