at Gunvor
CommoditiesPosted 5 days ago
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**Settlements Analyst (Intermediate) – Houston**: Expert in settlement management. Key responsibilities include verifying and issuing invoices (AP/AR), solving invoice-related issues, and maintaining up-to-date records in ETRMs for cash flow forecasts. Proficient in standard and complex commercial deals, familiar with taxes, tariffs, netting, and prepayments. Requires at least 3 years of AR/AP invoicing experience, incoterm knowledge, and Microsoft Office advanced user skills.
- Compensation
- Not specified
- City
- Houston
- Country
- United States
Currency: Not specified
Full Job Description
Job Title:
Settlements AnalystContract Type:
PermanentTime Type:
Job Description:
Settlement analyst (intermediate level) position purpose is to manage documents for settlement. It includes verification of information on incoming invoices (invoices payable, AP); and issuing outgoing invoices (invoices receivable, AR) before settlement and solving the issues related to both AP and AR invoices. Also, to ensure timely follow up on AP and AR. AP arrangement to be up to date in ETRMs system to facilitate the Treasury's cash flow forecast.
Main Responsibilities
1. Register counterparty and vendor invoices
2. Full competency in standard deals scenarios
Provide price calculation to counterpart
Issue commodity receivable invoices and check correctness of supporting information (pricing, tax etc.)
Process commodity and vendor payable invoices, link with underlying cost in system and ensure proper approvals in accordance with Payable Approval Policy
Update spreadsheets/dashboard for delivery monitoring and documentary follow-up
Check receipt of funds for issued invoices
3. Focus on more complex deal scenarios:
Calculate and apply other regions taxes and tariffs to invoices and linkages
Issue/process commodity payable/receivable netting invoices and offsets
Process vendor payable invoices requiring reconciliations and/or allocations
Process prepayments and provisional invoices
Documents presentation under LCs / Liaise with bank on pre-checks results
Cross check provision costs
4. Resolve entry level settlement issues and discrepancies
5. Escalate settlement issues and discrepancies to senior analysts
6. Independently handle BL endorsement
7. Participate in UAT testing of IT systems
Education
Bachelors degree in business administration, accounting, or related field
Experience
Three years or more experience with AR and AP commercial invoicing processes
Understanding of local applicable taxes, some understanding of other regions taxes
Experience with vessel, barge, rail, truck, terminal, and/or pipeline invoicing preferred
Experience with cargo or commodity invoicing preferred
Skills
Incoterm knowledge
Understanding of Trade Finance documentation
Microsoft Office advanced user
If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.
Location: Houston
