Operations Analyst

Ultra PetroleumEnglewood, CO3M ago

$55,000 - $60,000 a year

Job Summary:

The Operations Analyst is primarily responsible for assisting with the Treasury, Commodity Derivatives and Credit Risk functions.

Your Day to Day:

Treasury

  • Monitor operating and payroll bank accounts daily and update the Cash File for the operating accounts.
  • Prepare outgoing wires for payments as requested and approved.
  • Upload positive pay files for all check runs.
  • Review and process Assignments and Assumptions of term loan as requested.
  • Report the treasury balances to senior management on a weekly basis for discussion in the weekly meetings.
  • Reconcile the Cash File to the general ledger on a monthly basis to assist with bank account reconciliations and to ensure completeness of the Cash File.
  • Monitor the use of the Company credit cards and generate monthly statements for distribution to AP.
  • Responsible for posting daily cash receipts.
  • Serves as backup to Accounts Payable in scanning and uploading invoices to OpenInvoice

Commodity Derivatives

  • Confirm all hedge transactions entered into by third party trader with counterparties.
  • Prepare and maintain log of all swap transactions (Swap Log).
  • Input all hedges into EMK3 for invoicing and reporting.
  • Prepare tax memo/documentation for all hedge contracts.
  • Prepare all swap settlement invoices and/or credit memos along with supporting documentation.
  • Review /reconcile /distribute invoices and/or credit memos to hedge counterparties and accounting.

Credit Risk

  • Monitor, analyze, and evaluate the credit worthiness of oil and gas counterparties.
  • Propose credit limits and collateral requirements within the guidelines of our tolerance of risk.
  • Maintain the Approved Counterparty List for oil and gas marketing and notify marketing of all changes to this list.
  • Manage and track all collateral requirements and obtain updates as necessary.
  • Maintain portfolios of all counterparties in our credit monitoring services in order to receive updated ratings, credit scores and news related to our counterparties.
  • Maintain the EMK3 credit database which includes all counterparties with credit profiles, credit limits, credit ratings, collateral requirements, expiration dates, etc.
  • Generate the Credit Exposure/60-day and 90-day reports from EMK3.
  • Assist with collection efforts as needed.
  • Prepare credit analysis and evaluation of vendors with self-insured retention limits as notified by Accounting for new vendor set-up or renewals.
  • Assist with correspondence and document distribution related to NAESB/ISDA contracts and collateral requirements.
  • Coordinate the review and approval of incoming and outgoing parental guarantees, guarantee amendments, letters of credit and confidentiality agreements with our Legal Department.
  • Monitor deposit, pre-payment and net-out requirements for marketing contracts.

What you will bring to the team:

  • Bachelor’s degree from four year college or university or six plus years of equivalent combination of education and experience
  • Oil and gas experience preferred but not required
  • Proficient in organizing and prioritizing work to meet specific deadlines
  • Experience with Microsoft Office Suite
  • Customer-focused with strong interpersonal and communication skills
  • Demonstrated ability to handle multiple priorities and time

Job Type: Full-time

Salary: $55,000.00 to $60,000.00 /year

Education:

  • Bachelor's (Preferred)

Work Location:

  • One location