Shell Business Operations

Specialist - Trading Settlements

Location
Chennai, Tamil Nadu
Salary
Not disclosed
Posted
26 Feb 2024
Closes
29 Feb 2024
Ref
R128611
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Where you fit

Shell Trading integrates a global portfolio of crude oil, refined products, natural gas, electrical power, LNG, chemicals and freight & Shipping. Additionally, it provides marine expertise to operating units and manages a substantial fleet of vessels.

What's the role?

The successful candidature will be part of one of the teams of North America Products Trading Settlements & Accounting within Hydrocarbons management responsible for daily settlements of Refined Products line of business with external and inter-group counterparties for Shell Trading US Company and Shell Trading Canada legal entities.

Daily settlements include paying vendors, invoicing customers, debt chasing, emissions accounting, regulatory reporting, Inter Group reconciliations and non-commodity settlements. The successful candidature will work within a team of 8 – 12 members with extensive collaboration with the business partners spread across Finance Operations and Houston / Calgary business locations. The role offers a challenging opportunity in a fast moving, dynamic and global trading environment with one of the shortest payments terms and complex emissions standards.

Accountabilities:

  1. Co-ordinate the settlements activities for NA Products line of business by ensuring on-time and accurate settlements in line with the contractual terms, compliance, controls and sanctions framework, emissions standards and agreed ways of working with business partners.
  2. Lead and coordinate the efforts in all disputes, validation errors and IT issues impacting daily settlements and work with relevant stake holders for a resolution.
  3. Follow the escalation matrix where issues and disputes remain unresolved that calls for manager’s intervention, support, and guidance.
  4. Monitor the workload distribution of the teams daily by being responsible for the daily VM huddles of the team.
  5. Responsible for timely and accurate publishing of operational metrics and periodic reports with quality comments.
  6. Responsible for seeking periodic feedback from the business partners on various reports, metrics, data analysis shared and continuously strive to improve the quality for maximizing opportunities to support business.
  7. Periodically review the operational metrics, leading and lag indicators for potential Continuous Improvement opportunities that can be identified and taken forward for further discussions.
  8. Responsible for the monthly and quarterly preparation of Blackline accounts in line with the Global and Trading guidelines.
  9. Periodic review and update of Work Instructions to ensure all the process exceptions and changes are documented and approved.
  10. Undertake Ad-hoc activities as and when presented by changing business scenarios.

Dimensions:

  • Average vendor payments of ~ $ 2 Billion per month.
  • Average customer billing and collections of $ 2.5 Billion per month.
  • Emissions accounting and Inter Group reconciliations are part of the above dimensions.

Work Schedule:

Considering the daily settlements supporting North America, the position involves working in night work shift to support US business hours all through the month.

The routine work shift will be 6 pm to 3 am (India Standard Time).

What do we need from you?

  • Professional / Bachelor’s degree in Accounting or Finance or related business degree.
  • Subject Matter Expertise (SME) of 10+ years in accounts payable or accounts receivables or Inter group reconciliations. Subject Matter Expertise (SME) of US Emissions standards and regulations will be an added advantage.
  • Effective communication, interactive and influencing skills across the organization is a must as this position requires collaboration with internal and external stakeholders.
  • Ability to be resilient in handling a challenging scenario, in handling high value settlements and with competing priorities.
  • Experience in dealing with complex aspects of Trading business, systems (Endur, SAP) and accounting, reporting & analysis will be an added advantage.
  • Basic knowledge in Data Science and PowerBI will be an advantage

Company Description

Shell Business Operations (SBO) is a chain of operational centers that form an integral part of Royal Dutch Shell. We influence business development for Shell globally, enabling the work of 93,000 employees in over 70 countries across the world. SBO Chennai is focused on driving excellent performance that enable Shell to operate in a global competitive and ever-changing business environment.

An Innovative Place to Work

There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you’ll add your talent and imagination to a business with the power to shape the future – whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.

An Inclusive & Progressive Place to Work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.

  • We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.
  • We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
  • We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.

A Rewarding Place to Work

  • Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.
  • We’re huge advocates for career development. We’ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.

For further information, and to apply, please visit our website via the “Apply” button below.

Similar jobs

More searches like this

Similar jobs