Settlement Analyst

LocationCalgary, AB
Job TypeFull-time

About This Job


What’s The Role

Shell Trading Canada (STC) offers you the unique opportunity to join its crude operations team and be a part of its global trading network. Currently we are seeking a new member to join the team as a Settlement Analyst (also known internally as Operations Support Analyst). This role offers a challenging opportunity to support the traders by analyzing many sources of information with the goal of maximizing efficiencies.

The position is one of 6 positions within Crude Trading Operations Support Team. Together, the team is responsible for managing the settlement of all transactions of Crude product movements.

This position is a primary link between the Calgary group and Chennai, India based financial management groups and oversees the settlement process. The position interfaces with external trade counter parties related to pricing, volume, and invoicing. In addition, this role is a key resource in support of STC's growing lease business.

You will collaborate with some of the top traders and operators in the industry, gaining valuable insights and experience. You'll develop a solid understanding and practical experience with key systems involved in the lifecycle of a deal, including Operations, Demurrage/Claims, Contracts, Credit, Risk Control, Scheduling, Analysis, and Trading strategies.


Accountabilities:

Interface with Traders, Commercial Operators, Contract Management Team, Support Analysts and Accounting teams to resolve Customers/Vendors issues in a timely fashion
Provide solutions and ideas to maximize/improve profit on existing deals and/or explore hidden value/options
Effectively communicate trading needs to traders/schedulers and other team members
Support the month end process for reporting production volumes and inventories in systems and for group to reconcile gaps
Interpret lease agreements, monthly pipeline statements, tariff, and related commercial documents to assist in the process of analyzing and reconciling data variances
Execute monthly lease and stream settlement plan through maintaining pricing components, setting up customer master data, and confirming pricing with customers
Manage entry of large volume of WIO (working interest splits), shipper balances, single shipper statements (tariffs and EQs)
Support continuous improvement initiatives through regular process review and ad hoc projects leading to enhancements and efficiencies
Contribute to maximizing commercial added value


What You Bring

Must have legal authorization to work in Canada on a full-time basis for anyone other than current employer
Bachelor’s Degree is preferred
Minimum 3 or more years of experience with data analytics
Python or SQL knowledge would be greatly beneficial and considered an asset
Understanding of settlements and/or crude scheduling is desirable
Advanced MS Excel skills with ability to create and manage macros
Ability to manage multiple concurrent issues and problems and apply a high level of energy to their resolution
As this is an operational role, the incumbent may be requested to work outside office hours during heavy time demands and certain times within the payment cycle
Exposure to a fast pace, high energy, trading environment will be an asset

As this is an operational role, the candidate must be contactable during weekends, evenings, and holidays. Late hours can occur, especially during peak periods or critical monthly activities. Required to be in the office 3 days a week (Tues - Thurs) and optional but encouraged Monday and Friday during the settlement period.

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