Sugar Trading Accountant- Futures, Options, Commodities
Full Job Description
Sugar Trading Accountant/ Commodities Trading assistant - Futures, Options, Sugar, Risk, Report, PL, Accountancy
London - £ 50,000
Commodities, Trading, Accountant, Futures, Options, derivatives, Risk, Agriculture, Sugar, Risk Reporting, Back Office, SAP, Excel, PL, Trader
Our client is a global provider of distinctive, high quality ingredients and solutions to the food, beverage and other industries. There have a dominant presence across the globe is agricultural trading - with a particular focus on sugar. Due to the company's recent success and growth they are looking to a hire a mid-senior level hire in their trading department.
This international commodities trading company is looking to hire an experienced Sugar Trading Accountant/ Commodities Trading assistant with strong derivatives (Futures and Options) knowledge and an excellent academic background (Math's, Economics and Accountancy). Soft Commodities Trading knowledge is very desirable.
The key responsibilities for the Sugar Trading Accountant/ Commodities Trading assistant - (Futures, Options, Sugar, Risk, Report, PL, and Accountancy) requires.
Commercial trading support / Daily Reporting
*
Keep up-to-date profit and position/ risk reports on the physical trading book, which includes hedging derivatives, and speculative books.
* Preparation of Daily Profit Loss and Position Report, analyse results and provide explanations to traders and wider stakeholders.
* Analyse Foreign Exchange exposure.
* Review mark to market valuations.
* Discuss with management the changing risks facing the business.
* Drive planning, budgeting, forecasting and production of appropriate performance measures.
* Help the traders understand their responsibilities in maintaining a visible control over their business.
Accounting / Monthly reporting
* Process month end ITAS activities - book the inventory journal entry, reconcile raw and white sugar inventory.
* Analyse and develop regular reports to allow operational understanding and accounting for stocks processing e.g. yield results.
* Prepare monthly PL, balance sheet and cash flow statements.
* Analyse the monthly performance, work out key performance drivers and produce commentary.
* Focus on continuously improving processes and methods of regular routines to allow increasing focus on providing business support, analysis and financial advice.
The desirable skills and requirements needed for the Sugar Trading Accountant/ Commodities Trading assistant - (Futures, Options, Sugar, Risk, Report, PL, Accountancy) role requires
* Be a qualified accountant (CIMA/ACCA/ACA) or Equivalent
* Have experience of world market commodity trading including Futures and Options.
* Experience in SAP and BI or equivalent data warehousing and reporting tools.
* Have advanced Excel modelling skills and the ability to adapt models for users with less advanced Excel skills.
* Have experience of modelling "projects" and "what-if" scenarios and of providing interpretation and advice.
* Have experience in writing reports and developing presentations.
* Must be commercially aware and be comfortable working in a fast paced trading environment.
* Must be inquisitive and capable of challenging the status quo in a constructive manner.
* Must be proactive in identifying and leading initiatives.
* Must develop a robust understanding of the business and systems from Trading through to sales and marketing.
* Must be willing to understand the factors influencing the market price for world and preferential sugars.
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