At Eleven, our knowledge of the oil trading, shipping and supply industry is born out of experience. Our parent company Ashley and Dumville, who put down roots in coal and coke sales during the 1880s, saw the family business diversifying into industrial oil trading and shipping in the 1950s, expanding into domestic oil trading and shipping in the 1970s.
This experience positioned us well to understand the needs and complexities of each submarket in the international trading arena and find the best in mid-level, senior management and C-suite professionals within the sector.
We know front office back to front, specialising in trading, origination, sales, derivative marketing and quant analytics. Our risk and finance team are highly skilled at matching candidates with roles in risk management, analysis, finance, compliance and legal, as well as refinery planning and optimisation. We work with candidates in chartering, trading operations, vessel operations and bunkering. To complement our activity in operations, we also represent roles in demurrage, claims and loss control.
Our portfolio of clients globally includes leading commodity trading businesses, IOCs, NOCs, refiners, tanker owners, brokers and investment banks, with a focus on London and Switzerland as well as Singapore, the Middle East and the US.
Get in touch with our specialist consultants to discuss your needs.
Finance and Performance Accountant
Exciting opportunity for an experienced Financial and Performance Accountant to join a top level global commodity trading company. The role is based in London with excellent prospects. The ideal candidate will have experience working for a trading company in either oil, gas, power, metals or LNG, or have gained exposure to the industry through significant audit exposure. The role is Temp to Perm. Responsibilities: Manage all financial planning, forecasting, analysis and reporting activities in order to support the company’s management in business decision making and steering. Implement and administer performance management policies, procedures and practices. Develop, analyse and interpret information in order to appraise business results in terms of profitability, performance against budget and other matters. Participate in management team decision making processes and influence investment decisions. Play a key role in customising policies, procedures and practices. Lead target setting and alignment Define, create and analyze regular reports for senior management. Analyse KPIs and proactively manage performance Design, implement and produce effective performance management reports for both entities - this includes both regular and ad-hoc performance reporting with in-depth analysis across multiple dimensions (price, freight, demurrage etc). Provide financial analysis, interpretation of variances from budgets and standards, and advice to management Act as project manager for finance and controlling projects Manage financial planning, forecasting, analysis and reporting activities driving business performance proactively Set internal controls for prevention of inaccuracies in financial statements and ensure active compliance with issued controlling guidelines and standards Optimises and harmonises controlling relevant IT systems Skills and Experience Qualified Accountant ( ACA,ACCA, CIMA) 8 years + plus experience working in a commodity trading organisation or gained exposure to the industry through significant audit exposure Strong technical accounting background For more information about this role please contact Sarah Stott on +44 01565 626767 or apply directly via our website.
Are you a graduate with internship experience within an investment bank or trading company? Do you have 1–2 years experience within an investment bank or trading company in commodities or energy trading in trade support or operational documentation? We have an exciting opportunity to join a top level commodity trading company who is looking to expand. With excellent opportunities the required candidate should: have a degree in either Mathematics, Accounting, Engineering, Economics or similar (minimum of 2:1) be an excellent team player with great networking skills possess good interpersonal and communication skills be energetic, enthusiastic, positive and proactive have a strong knowledge of MS Office suite including excellent Excel and VBA skills, Matlab & SQL be highly organised with a good attention to detail be able to work to tight deadlines. For more information please contact Sarah Stott at firstname.lastname@example.org or via +44 (0)797 419 4008
Market Risk Analyst – Crude and Derivatives
We are looking for an experienced Risk Analyst to join an International Commodities Trading Firm in Central London. The crude & derivatives market risk team provides daily performance and market risk analysis for both physical crude and flow trading business and will work very closely with the traders and the other parts of the business. The team provides real-time front-line control and management information for management, and traders. This includes daily PNL & risk reporting, ad hoc risk analysis. The role also involves participating projects in improving the ETRM system. Because of the unique position of the team in the middle of the business commercial activities, the team will also support broader commercial activities This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business. KEY RESPONSIBILITY AREAS Ensure that all risk limits are adhered to and assist in implementing new limits when necessary; Assist in identifying the significant risk within the business, ensuring that they are transparent to senior management Maintain a good knowledge of the current physical crude market as well as the refinery system; Support front office in new products and non-standard products approval; Contribute to the month and quarter-end activities with Back Office/Accounting for crudes and derivatives portfolios; Develop and maintain strong business relationship with different functions, e.g FO, BO, IT, Planning & Control; Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests; CANDIDATE SPECIFICATIONS University degree in economics, finance and / or engineering discipline; Good knowledge of derivatives trading and EMEA oil market Previous work experience/internship within a bank and trading environment is a plus; Strong and solid knowledge of MS Office suite including excellent Excel and VBA skills, Matlab & SQL knowledge a plus; Ability to build and nurture effective relationships internally and externally; Full command of English language (spoken and written).