Senior Settlements Analyst - Crude Oil

United States·Houstonsenior

OtherAnalyst

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Overview

Position Summary:We are seeking a highly skilled and detail-oriented Senior Settlements Analyst – Crude Oil to join our team. This role is responsible for the accurate and timely settlement of crude oil transactions, ensuring compliance with contractual terms, regulatory requirements, and internal…

Key Responsibilities

Manage end-to-end settlement processes for physical crude oil transactions, including trucks, pipeline, marine, and terminal movements Review, interpret, and apply complex crude oil contracts (purchase and sale agreements, transportation agreements,…

Requirements Summary

Bachelor’s degree in Finance, Accounting, Economics, Energy Management, or related field 5+ years of experience in crude oil settlements, trading operations, or energy accounting Strong understanding of physical crude oil markets, logistics, and…

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Position Summary:
We are seeking a highly skilled and detail-oriented Senior Settlements Analyst – Crude Oil to join our team. This role is responsible for the accurate and timely settlement of crude oil transactions, ensuring compliance with contractual terms, regulatory requirements, and internal controls. The ideal candidate brings deep industry knowledge, strong analytical capabilities, and experience working across trading, scheduling, and accounting functions.

Key Responsibilities:

Manage end-to-end settlement processes for physical crude oil transactions, including trucks, pipeline, marine, and terminal movements
Review, interpret, and apply complex crude oil contracts (purchase and sale agreements, transportation agreements, tariffs, etc.)
Calculate and validate pricing, volumes, quality differentials, fees, and tariffs
Reconcile discrepancies between counterparties, internal systems, and third-party statements
Prepare and issue invoices, monitor receivables/payables, and resolve settlement disputes
Coordinate closely with trading, scheduling, risk, and accounting teams to ensure accurate transaction capture and reporting
Ensure compliance with internal controls, audit requirements, and regulatory standards
Support month-end close processes, including accruals and reporting
Maintain and improve settlement processes, controls, and documentation
Assist in system implementations, upgrades, and process automation initiatives
Provide mentorship and guidance to junior analysts

Required Qualifications:

Bachelor’s degree in Finance, Accounting, Economics, Energy Management, or related field
5+ years of experience in crude oil settlements, trading operations, or energy accounting
Strong understanding of physical crude oil markets, logistics, and pricing mechanisms (e.g., WTI, Brent, Argus, Platts)
Experience with pipeline and terminal operations, tariffs, and measurement standards
Proficiency in Microsoft Excel (advanced functions, pivot tables, data analysis)
Strong analytical, problem-solving, and reconciliation skills
Excellent attention to detail and organizational skills
Ability to manage multiple priorities in a fast-paced environment