Our client is looking for a Bio fuel financial analyst. This role PQ/Qualified Accountant with a particular interest in Data and Reporting.
The role is Office Based in Canary Wharf, London
the team are responsible for complying with legally mandated biofuel obligations set in both the UK and Ireland. Certificates, which can be traded between obligated companies are awarded to reflect the quantity and type of biofuel added to road fuel. These certificates are then used to discharge the company's annual obligation. The processes for the awarding of certificates are administered by government agencies and include complex rules, fixed deadlines and financial penalties.
The success incumbent will be self-motivated and highly disciplined, working collaboratively and proactively leading the co-ordination of the requirements to ensure compliance with the legal requirements.
In summary this role is primarily compliance focused.
Calculate the monthly biofuel obligation in UK & Ireland
- Track the physical fossil and biofuel content of all product movements throughout the supply chain using oil accounting systems
- Validate and reconcile obligated sales. Balancing UK and Irish official duty return.
- Calculate supply partner biofuel balances and agree these with counterparties.
- Identify any discrepancy in data and promptly work with internal or external party to resolve differences.
Certificate claim process and Certificate Balance
- Work closely with suppliers and internal operations groups to obtain required documentation.
- Maintain and follow procedures required to support trading of physical biofuel, including the issuing of Carbon and Sustainability data.
- Review all documentation to ensure compliance with national and ISCC regulations, including country of origin, greenhouse gas saving (GHG - checked using on-line Carbon Calculator), voluntary scheme used.
- Maintain a robust mass balance for Refinery biodiesel and storage location specific ethanol, tracking all product stock movements, using the Valero oil accounting system and other systems.
- Enter claims in external web-based Government systems working with appointed Valero verifier to obtain their sign-off prior to submission.
- Co-ordinate certificate transfers, purchases and sales directly with supply counterparties.
Critical Deadlines:
- Monthly - Volume submission to create obligation
- Quarterly - Application for certificate award
- Annual - GHG reporting, redemption, final award request.
Additional Duties
- Liaise with UK & Ireland Biofuel Agencies and the Verifier to obtain approval for the addition of new biofuel types and sources.
- Represent the company at industry and government biofuel forums and on the UKPIA
- Review all biofuel trade documentation to ensure that the contracts contain necessary clauses to protect the company's ability to make certificate claims in both UK and Ireland
Competencies / Skills / Education:
- Disciplined work approach, focus on deadlines and following work processes.
- Analytical skill set given the complexity of role with changing annual obligations, secondary mandates and changing deal type construction.
- Interest in automation / streamlining work processes to reduce manual entry error risks.
Desirable skills:
- Experience interacting with regulators
- Strong interpersonal skills and an excellent communicator including written, presentational, oral and listening
- Confident influencer
- Strong organisational skills and self-motivated
- Excellent time management and able to set own agenda and tactics to achieve strategies
- Significant industry knowledge and commercial acumen
- High level of numeracy to support an analytical approach and deliver robust solutions
- Degree educated preferred
- Excellent skills across all Microsoft packages