EU Physical Gas Specialist

⭐ Middle Office Analyst - Physical Natural Gas (Europe)

London | Full‑time | Competitive Salary + Bonus + Benefits

Are you an experienced Middle Office professional with a deep understanding of the

European physical natural gas market

?

This is an exceptional opportunity to step into a

high‑impact, trader‑facing role

supporting a fast‑moving physical gas portfolio across European hubs, storages and transport systems.

You'll sit at the centre of commercial, operational and risk‑related activity - ensuring accurate P&L, strong controls and seamless interaction between Trading, Finance, Operations and Scheduling teams.

• *⭐

What You'll Be Doing:**P&L & Reporting

• Produce

daily/weekly/monthly P&L

for physical gas portfolios (flows, balancing, transport, storage).

• Break down key drivers: realised vs unrealised, accruals, provisions, market moves, FX, fees and constraints.
• Validate trade capture & market data (curves, indices, FX) and resolve discrepancies with Trading & IT.
• Support month‑end with reconciliations, journals, commentary packs and audit‑ready documentation.

Storage, Nominations & Operational Support

• Support the capture and reconciliation of

storage fees

, optionality and commercials.

• Assist with resolving storage disputes and validating operator statements.
• Provide operational insight to ensure accurate nomination and storage‑related reporting.

Balancing & Imbalance Management

• Produce imbalance reporting across EU hubs/TSOs.
• Perform root‑cause analysis and escalate issues to Trading/Scheduling where needed.

Invoicing, Settlements & Dispute Resolution

• Manage end‑to‑end invoicing for physical gas deliveries, verifying:

▪ volumes

▪ price/index formulas

▪ averaging windows

▪ FX

▪ fees, shaping, losses

• Reconcile counterparty statements and resolve breaks.
• Provide clear operational evidence to support credit and collections teams.

Data, Controls & Continuous Improvement

• Maintain high‑quality reference data (points, hubs, TSOs, units, calendars, VAT/tax fields).
• Build and enhance tools using

Excel/VBA

,

Power Query

,

SQL

or

Python

depending on skillset.

• Strengthen controls, streamline processes and contribute to automation initiatives.

⭐

What We're Looking For:

You will thrive in this role if you bring:

✅ Experience in European physical natural gas operations / middle office

✅ Strong understanding of the physical gas life-cycle (flows, nominations, storage, balancing)

✅ Familiarity with storage contract mechanics

✅ Confidence analysing and explaining P&L attribution

✅ Experience with ETRM systems (Endur/Allegro/Trayport beneficial)

✅ Strong Excel skills (pivots, lookups, VBA is an advantage)

✅ Excellent attention to detail and analytical ability

✅ Clear communication skills - able to provide concise commentary to traders & finance

✅ Ability to manage daily reporting deadlines and cross‑functional stakeholders

⭐

What's On Offer:

• Competitive base salary + discretionary bonus
• 25 days annual leave (plus public holidays)
• Comprehensive benefits: medical, dental, life insurance, pension contributions
• Additional subsidised benefits
• Access to internal and external training and professional development
• A chance to work in a collaborative, high‑performing environment with real impact and visibility

If you're looking for a role where you can combine

physical gas expertise

,

commercial impact

, and

cross-functional exposure

, I'd love to hear from you.

Apply now

or message me directly to arrange a confidential conversation.

Kerice.Williams-