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.
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.
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
Apply now or message me directly to arrange a confidential conversation.
Kerice.Williams-
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your resume and details on file so when we see similar roles or see skillsets that drive growth in organizations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.
That's why we recommend registering your resume so you can be considered for roles that have yet to be created.
Yes, we help with resume and interview preparation. From customized support on how to optimize your resume to interview preparation and compensation negotiations, we advocate for you throughout your next career move.