AP/ AR Analyst- Trading Settlements Senior Analyst

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Entity: Finance Job Family Group: Finance Group Job Description: 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 Team in Budapest and advance your career as a/an Trading Settlements Senior Analyst ST&S executes physical and financial trades with external counter parties and customers, both on behalf of BP's businesses, managing physical supply and exposure; as well as for entrepreneurial purposes using market intelligence data. The role of the 3rd Party Team is to ensure trades are recorded and settled (payments and receivables) in an accurate and timely manner. This requires a thorough understanding of the deal life cycle (from trade execution through to physical delivery and final settlement). Transactions can be very high value and with complex terms and conditions, requiring efficient problem solving skills. The 3rd Party Settlements Team is responsible for managing operational cash and working capital on behalf of ST&S (c70% of bp's turnover is managed through the ST&S 3rd Party Teams). The team produces a daily cash funding forecast for Treasury Management purposes. The role supports US based activity, and requires a minimum of 7 days evening shift working per month. In this role You will (be): Manage a portfolio of 3rd parties for settlement of financial and physical transactions. Accountable for the accurate and timely completion of Settlements activities within area of responsibility, which include: Generate customer invoices and supporting documentation Settle all 3rd party transactions per contractual terms Ensure funds are received and paid on time and accurately; liaise with counterparties should any discrepancies occur; provide thorough explanations for any outstanding balances Provide accurate details of projected cash flows to enable BP Treasury to manage daily and weekly cash requirements Develop and maintain strong relationships with ST&S commercial teams Ensure full compliance with the BP ST&S Settlements Policy Ensure delivery of high quality customer service Manage aged debt and cash forecasting Deal with a wide variety of ad-hoc queries timely and escalate as appropriate Identify and assist in delivering continuous Improvement ideas Actively participate and support projects as appropriate Provide exceptional internal and external customer service in order to build and strengthen relationships What You will need to be successful: Education in Finance or Economics in a form of a degree or equivalent experience may be considered Few years of experience in Finance, Accounting or other supporting functions Fluency in English Understanding of Accounts Payable and Receivable settlement principles SAP experience Developing and delivering Continuous Improvements ideas (e.g. process change and/or automation & reporting changes) Experience in trading settlements is an advantage & understanding of commodity trading lifecycle (deal execution/entry to settlement) is an advantage. 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

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