Finance Analyst (Placement Student)

Job content

Phillips 66 & YOU - Together we can fuel the future

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence. Phillips 66 was recognized by Forbes as one of “America’s Best Employers” in 2021.

Basic Function

This is a 12 month placement for current undergraduate students in the penultimate year of their degree.

Working alongside the trade floor, the role of the Finance group is primarily to support the trading and supply operations for our European crude oil and refined products business. This is a fast paced and dynamic environment. The Finance team is part of the wider trading organisation and works with the ‘Front’ and ‘Middle’ office on a daily basis.

Primary Accountabilities/Responsibilities

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Facilitating the daily payment run process.

Managing the daily Broker reconciliation to ensure agreement of prior day trading to the trading system and resolving any issues that arise. This includes daily interaction with the clearing broker regarding missing trades, incorrect accounts and the overseeing of the expiry of contracts.

Managing the ‘Margin call’ process and interacting with trading managers and brokers to ensure the smooth running of our paper trading activities. Primary finance contact and overall responsibility for the coke marketing business accounting (invoicing counterparties and overall reconciliation of monthly results).

Monthly accounting tasks such as the construction of earnings flashes and balance sheet variance analysis. Processing Broker commission and various subscription fees.

Liaising with varied groups within Phillips 66 such as Treasury, Trading, Operations and Finance Management. Participation in various ‘ad hoc’ projects arising, such as the processing of charity payments.

Critical Skills/Leadership Criteria

Hold the legal right to live and work in the UK on a permanent basis without restrictions, or meet the relevant criteria for employer sponsorship under the UK points-based immigration system.

Effective team player.

Able to communicate with staff at different levels.

Good knowledge of Excel.

Good attention to detail and able to manage workload to meet deadlines.

Knowledge of SAP is an advantage but is not a pre-requisite.

Knowledge of Right Angle is an advantage but is not a pre-requisite.

Hold the legal right to live and work in the UK on a permanent basis without restrictions, or meet the relevant criteria for employer sponsorship under the UK points-based immigration system.

Effective team player.

Able to communicate with staff at different levels.

Good knowledge of Excel.

Good attention to detail and able to manage workload to meet deadlines.

Knowledge of SAP is an advantage but is not a pre-requisite.

Knowledge of Right Angle is an advantage but is not a pre-requisite.

Phillips 66 has significant marketing operations in Europe. In the UK the business is primarily wholesale, selling fuels to distributors (some of whom are branded JET) and resellers. The fuels are either collected by customers or delivered through a contracted road tanker fleet operating out of a number of UK distribution points. In addition, Phillips 66 Limited supplies a network of approximately 330 independently owned petrol forecourts, all of which are branded JET.

Other markets served are aviation, marine and LPG. JET supplies some of the UK’s growing secondary airports using owned and shared refuelling tankers and storage, and delivers to airlines through contracted refuelling operations. Marine markets are served using contracted vehicles, as is the LPG business.

To be considered:
In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of Monday 7th February 2022.

Phillips 66 is an Equal Opportunity Employer

Requisition ID: 55441

Location: GBR - London

Job Field: Accounting/Finance

Division : Finance - International

Technical Req : No