Job Description

Entity:

Finance

Job Family Group:

Finance Group

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So, if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.

About the role

Accomplishes physical and financial trades with external counter parties and customers, both on behalf of BP's businesses, managing physical supply and exposure; as well as for entrepreneurial purposes using market intelligence data.

The role of the 3rd Party Team is to ensure trades are recorded and settled (payments and receivables) in an accurate and timely manner. This requires a thorough understanding of the deal life cycle (from trade execution through to physical delivery and final settlement). Transactions can be very high value and with sophisticated terms and conditions, requiring efficient problem-solving skills.

The 3rd Party Settlements Team is responsible for managing operational cash and working capital on behalf of T&S (c70% of bp's turnover is managed through the T&S 3rd Party Teams). The team produces a daily cash funding forecast for Treasury Management purposes.

In this role You will

• Manage a portfolio of 3rd parties for settlement of financial and physical transactions.
• Accountable for the accurate and timely completion of Settlements activities within area of responsibility, which include:
• Generate customer invoices and supporting documentation
• Settle all 3rd party transactions per contractual terms
• Ensure funds are received and paid on time and accurately; liaise with counterparties should any discrepancies occur; provide thorough explanations for any outstanding balances
• Provide accurate details of projected cash flows to enable BP Treasury to manage daily and weekly cash requirements
• Build and maintain strong relationships with T&S commercial teams
• Ensure full compliance with the BP T&S Settlements Policy
• Ensure delivery of high-quality customer service
• Manage aged debt and cash forecasting
• Deal with a wide variety of ad-hoc queries timely and raise as appropriate
• Identify and assist in delivering continuous Improvement ideas
• Actively participate and support projects as appropriate
• Provide exceptional internal and external customer service in order to build and strengthen relationships

What You will need to be successful

• Relevant finance degree.
• Experience in finance or accounting
• Level C1 English language knowledge
• Ability to work minimum of 7 days evening shift working per month (14:00-22:30)
• Understanding of Accounts Payable and Receivable settlement principles
• SAP experience
• Creating and delivering Continuous Improvements ideas (e.g. process change and/or automation & reporting changes)
• Experience in trading settlements is an advantage & understanding of commodity trading lifecycle (deal execution/entry to settlement) is an advantage.
• Good analytical skills
• Attention to detail
• Good work ethics and professionalism
• Good problem solving, communication and interpersonal skills
• Ability to work as part of a team in a fast-paced environment
• Readiness for action and ability to work under pressure
• Good partner management/customer service capabilities
• Self-confident appearance in relations to the internal contacts
• Basic change leadership skills
• Commitment to business control including the courage to speak up where appropriate
• Great teammate with ability to handle pressure particularly during busy periods such as month / quarter end
• Experience with trading settlements and commodity trading lifecycle.

At bp, we provide the following environment & benefits to you

• Different bonus opportunities based on performance, wide range of cafeteria elements
• Life & health insurance, medical care package
• Hybrid working arrangement aligned with team arrangements and business needs
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• Celebrate in bp’s success. You may be eligible to join bp’s Global ShareMatch plan. This non-contractual benefit lets employees buy bp shares and receive matching shares, in line with plan rules
• Family friendly workplace e.g.: Extended parental leave, Mother-baby room
• Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program
• Possibility to join our social communities and networks
• Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipment

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

At bp, we support our people to learn and grow in a diverse and ambitious environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life.

Disclaimer: Please note that, according to Hungarian law (2012/I. 113. §), mothers or single parents caring for a child under three years of age cannot be employed in night shift positions.

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.