Trading Settlements Manager- Fixed-term Parental Cover

Job description

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 Trading & Shipping Team and advance your career as a Trading Settlements Manager Supply, Trading & Shipping executes physical and financial trades with external and internal counterparties and customers, both on behalf of bp's businesses and for entrepreneurial purposes using market intelligence data. The Trading Settlements team ensures trades are accurately recorded and settled, including payments and receivables, in line with contractual terms and agreed timelines. This requires a strong understanding of the commodity trading lifecycle, from trade execution and entry through physical delivery and final settlement. The Trading Settlements Manager leads the delivery of accurate and timely settlement activities across the assigned portfolio. The role is accountable for operational cash and working capital outcomes, customer service, aged debt management, compliance with the bp Trading Settlements Policy, and effective resolution of complex settlement issues. The role provides direct or indirect leadership to senior team members and first-level leaders, develops team capability, builds strong relationships with commercial and functional stakeholders, and supports new business, projects, process improvement, automation and change initiatives. The role supports US based activity, and requires a minimum of 7 days evening shift working per month. Please note that this role is offered on a fixed-term basis until January 2028! In this role You will: Lead and oversee the end-to-end delivery of third-party physical and financial settlements within the assigned portfolio. Be accountable for the accurate and timely completion of settlement activities, including invoicing, payments, receivables, issue resolution and financial close requirements. Ensure funds are received and paid accurately and on time, with appropriate escalation and resolution of discrepancies and outstanding balances Oversee cash forecasting, working capital delivery and aged debt management, providing accurate information to enable Treasury to manage cash requirements. Ensure full compliance with the bp Trading Settlements Policy and applicable business controls, and promote a strong speak-up and control culture. Deliver high-quality service to internal and external customers and ensure timely resolution of complex or escalated queries. Develop and maintain effective relationships with Trading & Shipping commercial teams, Treasury, Credit, Finance and other functional partners. Support the onboarding of new business and lead settlement-related process, system, project and change activity. Champion, prioritise and deliver continuous improvement, standardisation, automation and reporting improvements. Recruit, lead, coach, retain and develop a high-performing team of analysts, senior analysts and first-level leaders, as applicable. Set clear objectives, manage priorities and capacity, and ensure delivery against agreed service and performance expectations. Represent Trading Settlements with internal and external stakeholders and influence decisions to achieve business and team objectives Required to influence others to achieve desired self/team goals and objectives. Influence LT members. What You will need to be successful: Relevant degree in finance, accounting, economics, business or a related discipline, or equivalent professional experience. Relevant finance degree and minimum of 6 years of experience in finance or accounting; Masters degree preferred 5+ years of coaching and/or leading teams SAP experience Deep understanding of Accounts Payable and Receivable settlement principles • Understanding of trading environment and deep expertise in trading settlements processes Developing and delivering Continuous Improvements ideas (e.g. process change and/or automation & reporting changes) Project management experience is preferred 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 Negligible travel should be expected with this role Relocation Assistance: This role is not eligible for relocation Remote Type: This position is a hybrid of office/remote working Skills: . Legal Disclaimer: We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us . If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.