Process Expert Global Gas, EPTB and RES

The purpose of this position is to be the Trading Settlements and Accounting (TSA) Process Expert for gas EPTB and RES and be accountable/responsible for generating process vision. This role will support implementing all the New Market Entries and Power Transformation growth/scale-up agenda in the Europe, Asia and Americas (& rest of the world where needed) and will be part of 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 business is the center of overall Energy transition program initiated by Shell and this role will make a real difference to Shells overall climate change commitments by supporting rapid growth of Powering Progress strategy.

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 energy 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, complex/structured deal making as well as acquisition/ integration of many new entities into Shell. 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, identifying and implementing continual improvement opportunities including 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 businesss growth ambitions.

Accountabilities

Process

• Process Ownership for energy trading business 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 organizations (in T&S and FO) and Continuous Improvement teams.
• Support the business change agenda (e.g., New Market entries, new commodities in existing markets, new exchanges etc.) 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 & disseminate deep energy trading business knowledge to ensure sufficient understanding of how potential improvements, new business and systems will impact the related TSA processes.

Stakeholders

• Develop and foster connections with relevant business partners in the energy 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 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.
• Ability to work with a one team mindset i.e. offshore and onshore together.

People

• Build process and business knowledge, finance skills and leadership capabilities within the team.
• Build a business capability roadmap of change describing how the TSA organization will change to accommodate emerging business ambitions.
• Actively support knowledge sharing within the teams

Values

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

Skills and Requirements

To be effective on job, the candidate should have good trading knowledge of energy commodity, especially gas and power. He/She should have excellent financial and accounting acumen along with open-mindedness, persistence in getting answers / solutions, delivery focus, willingness to share knowledge, hunger to learn more and passion to improve.

The incumbent should have:

• Accounting or related business degree is essential. Professional Accounting Qualification would be desirable specific for Chartered Accountants.
• 10+ 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.
• Business degree from premier B School and 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.
• 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 Gas trading, Power trading and energy market in general, prior experience of trading environmental products 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 within an organization. Excellent stakeholder engagement and change management skills, including the ability to drive and influence the Powering Progress & 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, ability to thrive in ambiguity and manage localized changes of direction in a rapidly evolving business as well as building strong relationships at global and local levels are highly desirable in the incumbent candidate.