STM TSA Asia Gas & Power

The Role

Position description - Purpose*

Shell Trading integrates a global portfolio of crude oil, refined products, natural gas, electrical power, chemicals and freight trading based in the UK, US, Canada, Singapore, The Netherlands, Japan, Barbados, United Arab Emirates, The Philippines and Russia. Additionally, it provides marine expertise to operating units and manages a substantial fleet of vessels. The purpose of this position is to lead the Finance Operations team that is the sole provider to the Trading business of financial settlement and some specific accounting services for its various trading activities. Currently the team is broadly divided into two areas, North America (NA) and WONA (World outside NA). This role will specifically cover Global Energy Tradebook to Financials and related activities. The processes are complex, risky due to ever changing regulatory environment and often time critical; they involve working closely with different teams (Traders, Operations, FIB, Tax, Planning & Reporting, Financial accounting, Process Expert etc.) within the Trading business at the different Trading locations.

Each day, Finance Operations processes transactions worth billions of dollars with third parties for Trading and hence poor process performance would have a significant impact on Group profitability, cash flow and reputation. Trading also has significant transaction numbers and value with Group Companies, and hence poor process performance can create significant issues between Trading and other Group Companies. Additionally, the Finance Operations team will need to provide top quartile support for the future growth needs of what is a vibrant and continually developing Trading business.

The organization has now moved from start up to a new exciting phase of stabilization. Over the next few years, the organization will move forward to hit top quartile targets, through operational excellence and process improvements. Additionally, a key aspect of the role will be to manage and develop a maturing organization. This will include staff and position planning and further work on building business and process knowledge to underpin the ongoing operations. In addition, there are numerous new business opportunities/entities that are being set up and FO TS support to these new businesses is seen as a critical piece.

In summary, the role provides an excellent opportunity for a motivated individual to quickly gain knowledge of a fast moving and exciting business, to gain leadership experience, and of managing operations that are progressing towards top quartile performance.

Position description - Accountabilities*

Responsible for all T2F, Gross Margin, Disclosure activities and month close activities for Asia Gas & Power entities

Responsible for daily settlement activities for Asia Gas & Power business, presentations to senior management, process improvements, Adhoc requests and business queries, IGPC imbalance, etc

Responsible to manage activities due to any future growth Asia Gas & Power

Responsible for Stock valuation of all Global Energy Trading entities.

Develop and maintain a strong relationship with Trading, Commercial Operations,  Financial Reporting, and Finance Operations to ensure requirements and expectations as well as issues are captured, understood and acted upon in a timely manner; keep abreast of new and changing business/markets.

Ensure that the Accounting group has the capability to effectively support the present and future Shell Trading Business and is organized to optimally deliver this support.

Help bring alignment across the organization through clear understanding of the key business drivers and the impact of each function on these drivers.

Ensure business-linked objectives and metrics are in place for each segment of the Accounting group, work closely with the organization to achieve them.

Constant view to improve systems and processes with an aim towards elimination of manual data capture, improving reconciliation capabilities and continuing down the path of straight through processing.


Assess the company’s need to be SOX compliant in certain areas and then drive the necessary level of compliance.


Work with and support the wider team to ensure accuracy of the Financial Statements through timely and accurate recognition of expenses and revenue.

Additional responsibilities include project management, system upgrades, enhancements, implementations and testing.

Support implementation of new business and associated system/process changes.

Ability to work with a ‘one team mindset i.e. offshore and onshore together.

Manage key stakeholders as appropriate on behalf of the Hydrocarbon organisation.

Where applicable provide a real time fall-back solution for critical Trading

Settlement processes.

Provide cross training within the Back-Office organisation.

Provide adhoc support and training to Back-Office and Trading Settlements organisations.

Position description – Dimensions

Segments: Wholesale Bilateral, Structured Transaction and Retail Settlements


Markets: US, Canada, UK, Europe, Singapore, Australia, New Zealand

The role demands interactive leadership with Finance Operations in Chennai.

Systems: Aligne, Endur, STN SAP, Blackline, Salesforce etc.

Position description - Special Challenges

Provide direction or resolution for diverse and complex business issues and/or audit findings.

Drive Change & Process improvement and ability to influence people beyond their own authority.

Develop and maintain a strong relationship with Trading, Commercial Operations, Finance Operations, and Financial Reporting to ensure requirements and expectations as well as issues are captured, understood and acted upon in a timely manner.

Handle multiple Projects and tasks concurrently

Position description - Additional comments

- Detailed knowledge of Shell Trading Energy Accounting
- Strong Understanding of Deal flow from Trading to Financial Reporting
- Effective communication and interpersonal skills
- Ability to work in a highly dynamic and fast paced environment
- Keen awareness of appropriate stakeholders in a given process
- Develop staff and performance management

Experience and Qualifications required

Experience and Qualifications required *

  • Chartered Accountant with minimum 10-12 years of post-qualification expenses.
  • Strong command of computer applications specifically Excel & SAP and the ability to quickly acquire working knowledge of other systems.
  • Knowledge of Trading Business and systems which log, interface, track and create the Tradebook P&L is a plus
  • Knowledge of all aspects of accounting processes which generate Gross Margin, including Purchase and Sale price calculations, Inventory valuation, Inventory Movements, and general cost accounting.
  • Capacity to influence and motivate change across teams without formal reporting lines. Individual must be comfortable working across a matrix.
  • Knowledge of Energy Trading business is desired and considered a plus.
  • Strong networking and business relationship building skills is strongly desired.


Skills:

- Ability to lead multi-national teams and projects and deliver decision making as necessary.

- Display Strong customer focus & stakeholder management including appropriate interaction and effective communication.

- Set Direction and Prioritization with ability to deliver through others by means of effective delegation, follow-up, and monitoring

- Manage multiple projects/deliverable simultaneously

- Ability to assess process and control framework and deliver continuous improvement.

- Ability to support and sustain changes

- Coach and develop others.

Candidate should display the following Attributes:


- Champions Integrity and Trust
- Teamwork
- Process Oriented and Results Focused
- Strong Business Acumen

- Intellectual Agility
- Strong Analytical Skills
- Conceptual Thinking
- Passion and Energy
- Innovation

Additional comments

Key Competences required

  CompetenceLevel

Accounting & Reporting

Skill

Risk Management & Financial Controls

Skill

Process & Data Mgmt. (incl Process Design and Implementation)

Skill

Business Performance Management

Knowledge

Business Partnering

Skill

Governance & Assurance

Skill

Group Accounting Policies & Standards

Skill

Project mgmt. (including Change Management)

Knowledge

Manage Internal Audit

Knowledge

Additional comments

We are interested in attracting people to our business that share our core working values of honesty, integrity and have respect for others. We also want those who can build on our business vision, are prepared to accept accountability and can achieve great results through teamwork.

Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.