Finance Analyst
About this role
Finance Analyst
Application Deadline: 11 September 2026
Department: Finance
Employment Type: Fixed Term - Full Time
Location: London, UK
Reporting To: Ganesh Jeevaratnam
Description
Key Responsibilities
- Prepare the monthly trading margin result for the Crude Oil, Refined Products, Petrochemicals and Biofuels businesses in accordance with IFRS 9, IFRS 13, IFRS 15 and IAS2.
- Work closely with Product Control team and Front Office Operations to identify and explain the breaks between the Risk P&L (MI) and Accounting P&L (MA) and make accounting judgements on whether they meet the accounting standard to be included in the Accounting P&L.
- Work closely with Settlements team to ensure accurate and timely posting of primary invoices and secondary cost invoices in SAP and to reconcile MI/MA differences.
- Prepare the monthly broker exchange reconciliations for the Petroineos Trading Limited entity and liaise with Derivative operations team to explain differences between ledger balance and exchange balance.
- Prepare and present the monthly balance sheet reconciliations for the Petroineos Trading Limited entity and follow up with relevant teams on outstanding actions.
- Provide support on all aspects of the company’s external year-end audit and interim audit.
- Take the lead on the preparation of Petroineos Trading Limited annual statutory report and statutory audit.
- Participate in IT projects to automate the month-end reporting processes.
- Perform other analysis, ad hoc projects and duties as needed.
Skills, Knowledge & Expertise
- Degree in Accounting/Finance or equivalent
- Qualified CIMA/ACCA/ACA or equivalent
- Strong trading accounting skills (at least 3 years)
- Experience in Oil & Gas Industry
- Experience of accounting for trading activities within Oil & Gas Industry
- Proficient in SAP skills, Microsoft Office Excel (prepare complex formulas and use of macros). Use and knowledge of Power BI would be highly desirable
- Knowledge of ETRM systems would be highly desirable, particularly Endur, EOS, Pioneer and Symphony
- Strong analytical skills, ability to multitask and prioritize workload
- Good interpersonal and communication skills
- Energetic, enthusiastic, positive and proactive
- Mandarin speaking is desirable
- Due to Month-End deadlines, the employee may be required to work extended hours during the first week of each month.
Job Benefits
Company at a glance
Petroineos comprises trading and refining joint ventures between PetroChina International (London) Company Limited and INEOS. Established in 2011, Petroineos is one of Europe’s leading International Integrated Energy Trading Companies.
In addition to third-party trading, Petroineos Trading's key functions include the supply of Crude Oil to Petroineos and PetroChina's refinery and the arrangement of the sale and distribution of the various products that are produced from our refinery in Lavéra. Products traded by Petroineos include both Crude Oil and Refined Oil Products.
Petroineos' Lavéra refinery is fully integrated with co-sited petrochemical assets of the Company. Close proximity to feedstocks and customers are key elements of its strength.
In April 2025, refinery operations ceased at the Grangemouth refinery and the business transitioned to a modern import and fuels distribution terminal which continues to reliably serve the Scottish market. The terminal has excellent logistical infrastructure to load and transport fuel via road, jetty, rail and pipeline, with a range of imported transport, heating and aviation fuels available. We market these fuels from the terminal location for distribution throughout the UK and further afield.
The Lavéra refinery processes 210,000 barrels of crude oil per day. It is strategically located on the coast of the Mediterranean crude oil trading basin, next to the port of Marseille. The refinery supplies fuel by pipelines into France, Switzerland and Southern Germany.
Top Benefits
- Private Medical Insurance
- Dental Insurance
- Travel Insurance
- Life Assurance
- Annual Gym Allowance
- Contributory Pension Scheme
- 25 Days Annual Leave
- Discretionary Bonus
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