Process Expert – Global Power Trading

The Role

The Shell global Trading and Supply business is one of the largest energy trading operations in the world. We have key hubs in Dubai, Houston, London, Rotterdam and Singapore, trading in crude oil, natural gas, LNG, electrical power, refined products, chemical feedstocks and environmental products. This combined with an integrated network of supply and distribution activities and an industry-leading shipping and maritime capability add value for Shell across its Upstream and Downstream businesses.

The purpose of this position is to be the Trading Settlements and Accounting (TSA) Process Expert for Power Transformation and be accountable/responsible for generating process vision. This role will support the Power growth/scale-up agenda in the Europe (& rest of the world where needed) and will be part of the Power Transformation project team for planning and implementation of growth agenda. This role involves strategic thinking to come up fit for purpose solution/create process roadmap for dynamic/demanding business and work alongside the front office, mid office, process management team, IT and other business partners to drive Operational Excellence and the improvement agenda. The Power transformation is the center of overall Energy transition program initiated by Shell and this role will make a real difference to Shell’s overall climate change commitments by supporting rapid growth of Power business.

TSA processes cover invoicing, debt chase, settlements and accounting of buy/sell transactions, inventory reconciliation and valuation, volume imbalance reconciliation & related accruals, Trade book to financial reconciliations, related controls design, Group disclosures, LFR (legal, fiscal and regulatory reporting), inter-group balancing, specific accounting, Continuous Improvements, SOX compliance and audit activities. The processes are complex and often time critical; they involve working closely with different teams within the Trading business, particularly the front office and mid office teams 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.

The Power business is rapidly growing via many new markets/contract types, registering with various trading venues/exchanges, registering with various system operators, taking additional responsibilities of Balancing Responsible Party (BRP) in various locations we operate and complex/structured deal making. The key challenge for the next few years will be to understand the growth agenda, carry out impact assessment on TSA scope and then support the business growth in a sustainable way by designing the processes while ensuring ongoing operations keep delivering to a high standard. Delivery examples would be further migrations into the operations teams, supporting new market entries/business growth projects/complex deals, system implementation/upgrades/changes, tackling and resolving manual risky processes and generating value from closer integration across the life of the deal and building out a business capability roadmap of change for TSA organization to support the business’s growth ambitions.

In summary, the role provides an excellent opportunity for a motivated individual to  quickly gain knowledge and add value to a fast moving/ exciting Power Trading business, related processes design experience and grow extensive stakeholders management skills to work with business partners and our operations teams to ensure top quartile performance.

The process management organization has approx. 320 FTEs, of which 280 FTEs in Chennai and 40 FTEs in Krakow. Process covers physical and financial transactions, Trade book to Financials. Staff levels are constantly changing due to the new market entries, migrations in and system implementations.

Systems: Aligne, Endur, Nucleus, SAP P80, Billing/Portfolio Systems. The role demands interactive leadership with Finance Operations in Chennai and Krakow.

Accounting or related business degree is essential. Professional Accounting Qualification would be desirable.

8+ years work experience in various Trading related business/financial roles, with deep understanding and experience in applying Life of a Deal, process, controls and accounting principles in practice.

Experience of

  • process designing, leading, and delivering large scale projects with an ability to think strategic “fit for purpose” solution and create roadmap for dynamic business needs.
  • providing leadership, steer and support within a large-scale change management program with significant technical/IT delivery.
  • Experience in working with ETRMs (Energy Trading Risk Management system) and various digital tools with an ability to understand the various functionalities to accommodate changes/new business scenarios.
  • Integrating newly acquired businesses/assets in the portfolio (desirable)

Understanding of energy market, prior experience of Energy trading environments and associated financial processes and controls is highly desirable

Excellent communications skills, both written and oral.

Strong leadership skills with the ability influence stakeholders and skills to motivate and retain staff, and to develop leadership within an organisation. Excellent stakeholder engagement and change management skills, including the ability to drive and influence the Hydrocarbon Management (HM) change agenda.

The role involves extensive interactions with various stakeholders and therefore requires a combination of intellect, maturity, strength of character, and an ability to earn respect. Proven organizational and prioritization skills. Manage ambiguity and localized changes of direction in a rapid evolving business and build strong relationships at global and local levels.

Chennai, India

Though this role will be based in Chennai, India, it will involve travel to Trading hubs including a potential short-term assignment at European.

  • - Process Ownership for Power Transformation program covering TSA scope/processes including leading delivery and integration of new processes to support an evolving business. This requires the incumbent to work with the operations teams and business partners to ensure the process is designed and implemented to deliver top quartile performance.
    - Ensure alignment and collaboration with other process excellence organisations (in T&S and FO) and Continuous Improvement teams.
    - Support the business change agenda (e.g. New Market entries/new exchanges) and system implementations/changes to ensure that the related TSA process continues to support developing business requirements whilst maintaining a robust financial control framework.

- Liaise with IT to establish system/technology changes required to support the TSA digitalization roadmap
- Develop deep Power Trading business knowledge to ensure sufficient understanding of how potential improvements, new business and systems will impact the related TSA processes.

- Develop and foster connections with relevant business partners in the Power Trading business and other stakeholders (including other processes) to ensure performance and control issues in the end-to-end process are identified and where required process improvements/changes are implemented quickly and also to ensure appropriate input and co-ordination with wider change and development plans.
- Support and assist collaboration and ways of working between operations teams and business partners as required.

- Build process and business knowledge, finance skills and leadership capabilities within the team.

- Build a busines capability roadmap of change describing how the TSA organisation will change to accommodate busines ambitions.

- Actively support knowledge sharing within the teams

- Show excellent leadership behaviour supporting the organization
- Establish and maintain an office environment supportive of diversity and inclusiveness
- Support a safe environment and sustainable working.

Additional Information:

Risk Management & Financial Controls - Skill
Process & Data Mgmt. (incl Process Design and Implementation) - Mastery
Business Performance Management - Skill
Business Partnering - Skill
Governance & Assurance - Mastery
Group Accounting Policies & Standards - Skill
Project Mgmt. Mastery
Manage Internal Audit - Knowledge

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