Trading Accountant recruitment
POSITION PURPOSE
Perform compliance procedures and processes to ensure accuracy of daily trading positions, trading P/L and internal product price model. Ensure mark to market figures are accurate and close trading P/L on a monthly basis.
PRINCIPLE ACCOUNTABILITIES/RESPONSIBILITIES
1. Liaise with other functional groups inter and/or intra Business Units and/or across functions (e.g. Operations, Traders, Treasury, I/T, Trade Structured Finance, Risk ) regularly to resolve issues
2. Work with the accounting team to review existing work process / flow, recommend changes and new processes which promote efficiency and effectiveness in scope of data/information, its flow and timeliness.
3. Ascertain that Cargill's and Petroleum's policies are complied with.
4. Provide department cover for absence of team member(s).
5. Prepare daily Trading P/L spreadsheets for assigned product and verify trading positions, P/L and costs in spreadsheets to PetroTrade system, with a displayed understanding of the trading strategy adopted by Traders. Work closely with Traders and Operations team to resolve any differences promptly.
6. Responsible and accountable for month end closing of assigned trading books, reconcile pnl numbers between Trading P/L, Trading system and JDE. Assist in the overall month/year-end close across all trading books (include checking for accuracy and completeness in accounting for transactions and reasonableness of financial statements).
Decision - Making Responsibility:
- Independent decisions - Routine questions from other functional groups are expected to answer independently.
- Recommendations - changes to procedures, work processes and internal controls
- Refer to higher authorities - accounting policies; issues related to credit management, risks management and ethics/guiding principles
- Demonstrated ability to work with minimal supervision and under tight deadlines/schedules
POSITION CONTACTS
- Peers: daily to provide assistance support, to enhance cooperation
- Traders: daily, to clarify profit loss and position
- Operations: daily, for transaction clarification
- Treasury: as required, for payments and receipts processing
- Supervisor: daily, 2-way communication on daily events
- Geneva CP: ad hoc questions, to provide/request for information/data
- Auditors: as required; to provide information for audit purposes
- Corporate: as required, for Corporate's reporting requirements
ENVIRONMENT POSITION CHALLENGE
- Volatility of petroleum markets impacts workload.
- The ability to adapt to new businesses and products, and cope with ever changing priorities is essential. It is a fast paced environment, hence the ability to perform well under pressure and stressful environment is a must.
- Keeping abreast with market and industry changes may require constant upgrading of skills and knowledge.
Skills
Experience:
- 3+ years of demonstrated trade accounting/product control experience.
Skills/Knowledge:
- Possess good analytical and organization skills and an effective team player
- Strong process procedure orientation
- Proven attention to detail and quality work
- Strong PC skills, especially in MS Excel
- Strong Trading acumen
- Proven knowledge of INCO terms and their impact on P/LS
- Experience working in high pressure environment with daily deliverables
- Experience in closing trading books, marking open positions, physical and paper, inventories etc
- Demonstrated knowledge of controls required in trading businesses
- Ability to share experience and knowledge with other members of the team
Education/Qualification:
- Accounting degree or similar
Language/ Communication:
- Good verbal and written communication skills, able to communicate effectively with peers, traders, operations