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-