At World Fuel Services, our employees are the key to our global success.We are industry leaders due to the innumerable talents of our approximately 5000- strong professional team. Our people thrive in an entrepreneurial and culturally-diverse environment, where innovative thinking, collaboration and efficient execution are highly valued. Our high-performance culture is what allows us to drive sustained growth. Stronger together, we promote an environment where individuals can thrive.
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This position will be responsible for production of EOD P&L reports (Explanation of key P&L movements in terms of trading activity, key market drivers and attribution analysis). Markets covered will include Marine, Aviation and Land (including European Power & Gas) segments.
Production of EOD PnL reports, with reconciliation to Traders’ calculations; ensuring accuracy to risk systems. Explanation of P&L movements to management in terms of trading activity, key drivers, profit attribution analysis
Demonstrates a working knowledge of the concept of mark-to-market and can articulate market/price volatility in terms of its effect on P&L, cash flow and working capital
Ensuring non-derivative transactions are treated with the right accounting treatment (Structured deals / Storage / Supply contracts etc.)
Playing a lead role on commercial v accounting reconciliations
Lead analyst on system improvements/enhancements in ETRM on automating any of the listed trade processes, including rolling out daily recs for any new accounts
Reconciling where necessary OTC and futures positions and cash against exchanges
Helping with the integrity checks on market data curves, to ensure EOD process is smooth
Act as first point of contact for all non-pricing queries for Front Office/ Back office/Ops/Legal/Credit
Daily Trade Captures exceptions reporting
Involved in monthly IPV process (price testing, sensitivity analysis to consensus curves)
Ad Hoc projects as initiated
A background in Middle Office/Product Control/Risk Management within energy trading or investment banking
Ideally previous P&L analysis exposure for commodities based products
Bachelor’s degree in Business related discipline such as Finance, Management and Economics
Specialized knowledge in the structure and uses of financial Derivatives as they relate to the management of fuel price risk (futures/swaps/options)
Knowledge of Oracle and related programs desired, not essential