Contract Settlement Analyst - Love's Travel Stops & Country Stores
Houston, TX
About the Job
BASIC PURPOSE : Manages the processes that ensure the accuracy of Musket settlements. This position can be based out of Houston, TX or out of Calgary, Alberta, Canada.
MAJOR RESPONSIBILITIES:
Contract Confirms:
+ Cross check deal details between broker confirm and 3rd party confirms, and internal deal sheet and SRA details.
+ Send out Musket contract with appropriate details when trades are done on our paper.
+ Ensure accuracy and validate deal details when trades done on 3rd party paper.
+ Filing and archiving ingoing and outgoing confirms consistent with existing Musket processes.
+ Manage, track, and rectify discrepancies.
Pricing Confirms:
+ Compile appropriate pricing components of a trade once prices have settled.
+ Confirm prices with 3rd parties ahead of Invoicing.
+ Communicate internally and externally any discrepancies and work them to resolution.
Invoicing/Settlement:
+ Generate, validate, and settle AR & AP invoices for various Crude, NGL & Refined products once trade details and pricing agreed.
+ Manage communication flow internally and externally for payables and receivables through settlement.
+ Ensure timely payment to/from counterparties.
+ Manage any settlement issues that arise internally and externally.
General Accounting:
+ Process intercompany invoices for multiple legal entities.
+ Research unmatched transactions and direct transactions as needed to mid-office to amend.
+ Reconcile and clear cash, vendor, and customer accounts in SAP.
+ Prepare monthly balance sheet workpapers related to the areas supervised.
+ Interact with external auditors to assist with completing the year-end audit.
General Office Admin Tasks (Calgary Only)
+ Help with new office set up
+ Office supplies & procurement
+ Internal Musket point person for other administrative duties as assigned.
EDUCATION AND EXPERIENCE:
Education:
+ HS Diploma or equivalent
+ Bachelor’s Degree in Business, Accounting, Finance, or related field preferred
Experience:
+ 4-5 years’ experience in accounting or finance
+ Required: Experience with Canadian Crude pricing/WADF/EQ, logistics, commercial terms, confirms, contracts, and invoicing
+ Preferred: Experience with scheduling, operations, system/process change management
SKILLS AND PHYSICAL DEMANDS:
Skills
+ Proficient in Microsoft Office Outlook, Microsoft Excel, and ability to learn new software
+ Experience with SAP and RightAngle (or appropriate ETRM System)
+ Experience with GST, VAT, foreign currencies, and international invoicing requirements is a plus.
+ Excellent verbal and written communication skills.
+ Teamwork, time management skills, and strong attention to detail
+ Willingness to work with a variety of business groups with possibility of occasional evening and/or weekend work.
Typical Physical Demands:
+ Regular travel between Houston and Calgary.
+ Requires prolonged sitting, some bending and stooping.
+ Occasional lifting up to 25 pounds.
+ Manual dexterity sufficient to operate a computer keyboard and calculator.
+ Requires normal range of hearing and vision.
Job Function(s): Accounting and Finance
Love’s has been fueling customers’ journeys since 1964. Innovation and perseverance continue to lead the way for the family-owned and -operated business headquartered in Oklahoma City with more than 40,000 team members in North America and Europe. The company’s core business is travel stops and convenience stores with more than 630 locations in 42 states. Love’s continues its commitment to offer products and services that provide value for professional drivers, fleets, four-wheel customers, RVers, alternative fuel and wholesale fuel customers. Giving back to communities Love’s serves and maintaining an inclusive and diverse workplace are hallmarks of the company’s award-winning culture.
The Love’s Family of Companies includes:
+ Gemini Motor Transport, one of the industry’s safest trucking fleets.
+ Speedco and Love’s Truck Care, the largest oil change and preventive maintenance and total truck care network.
+ Musket, a rapidly growing, Houston-based commodities supplier and trader.
+ Trillium, a Houston-based alternative fuels expert.
+ TVC Pro-driver, a commercial driver’s license (CDL) protection subscription service.
EOE-Protected Veterans/Disability
MAJOR RESPONSIBILITIES:
Contract Confirms:
+ Cross check deal details between broker confirm and 3rd party confirms, and internal deal sheet and SRA details.
+ Send out Musket contract with appropriate details when trades are done on our paper.
+ Ensure accuracy and validate deal details when trades done on 3rd party paper.
+ Filing and archiving ingoing and outgoing confirms consistent with existing Musket processes.
+ Manage, track, and rectify discrepancies.
Pricing Confirms:
+ Compile appropriate pricing components of a trade once prices have settled.
+ Confirm prices with 3rd parties ahead of Invoicing.
+ Communicate internally and externally any discrepancies and work them to resolution.
Invoicing/Settlement:
+ Generate, validate, and settle AR & AP invoices for various Crude, NGL & Refined products once trade details and pricing agreed.
+ Manage communication flow internally and externally for payables and receivables through settlement.
+ Ensure timely payment to/from counterparties.
+ Manage any settlement issues that arise internally and externally.
General Accounting:
+ Process intercompany invoices for multiple legal entities.
+ Research unmatched transactions and direct transactions as needed to mid-office to amend.
+ Reconcile and clear cash, vendor, and customer accounts in SAP.
+ Prepare monthly balance sheet workpapers related to the areas supervised.
+ Interact with external auditors to assist with completing the year-end audit.
General Office Admin Tasks (Calgary Only)
+ Help with new office set up
+ Office supplies & procurement
+ Internal Musket point person for other administrative duties as assigned.
EDUCATION AND EXPERIENCE:
Education:
+ HS Diploma or equivalent
+ Bachelor’s Degree in Business, Accounting, Finance, or related field preferred
Experience:
+ 4-5 years’ experience in accounting or finance
+ Required: Experience with Canadian Crude pricing/WADF/EQ, logistics, commercial terms, confirms, contracts, and invoicing
+ Preferred: Experience with scheduling, operations, system/process change management
SKILLS AND PHYSICAL DEMANDS:
Skills
+ Proficient in Microsoft Office Outlook, Microsoft Excel, and ability to learn new software
+ Experience with SAP and RightAngle (or appropriate ETRM System)
+ Experience with GST, VAT, foreign currencies, and international invoicing requirements is a plus.
+ Excellent verbal and written communication skills.
+ Teamwork, time management skills, and strong attention to detail
+ Willingness to work with a variety of business groups with possibility of occasional evening and/or weekend work.
Typical Physical Demands:
+ Regular travel between Houston and Calgary.
+ Requires prolonged sitting, some bending and stooping.
+ Occasional lifting up to 25 pounds.
+ Manual dexterity sufficient to operate a computer keyboard and calculator.
+ Requires normal range of hearing and vision.
Job Function(s): Accounting and Finance
Love’s has been fueling customers’ journeys since 1964. Innovation and perseverance continue to lead the way for the family-owned and -operated business headquartered in Oklahoma City with more than 40,000 team members in North America and Europe. The company’s core business is travel stops and convenience stores with more than 630 locations in 42 states. Love’s continues its commitment to offer products and services that provide value for professional drivers, fleets, four-wheel customers, RVers, alternative fuel and wholesale fuel customers. Giving back to communities Love’s serves and maintaining an inclusive and diverse workplace are hallmarks of the company’s award-winning culture.
The Love’s Family of Companies includes:
+ Gemini Motor Transport, one of the industry’s safest trucking fleets.
+ Speedco and Love’s Truck Care, the largest oil change and preventive maintenance and total truck care network.
+ Musket, a rapidly growing, Houston-based commodities supplier and trader.
+ Trillium, a Houston-based alternative fuels expert.
+ TVC Pro-driver, a commercial driver’s license (CDL) protection subscription service.
EOE-Protected Veterans/Disability
Source : Love's Travel Stops & Country Stores