Job Description

Main Purpose:

This role is responsible for analysis and accounting of financial instruments and other balance sheet positions, which includes and not limited to derivatives, hedge rule applications, stock etc. The role will involve discussions with various internal departments to finalize the accounting treatment and reporting to management, getting involved with various accounting projects and related activities.

Knowledge Skills and Abilities, Key Responsibilities:

Key Responsibilities

• Review of trial balance and analyses / commentary of major movements.
• Perform and review revenue recognition checks to ensure compliance with accounting standard for all product supply entities
• Evaluate accounting of various physical and derivative positions and determine application of hedge accounting where appropriate.
• Review areas of required grossing up or netting of the balance sheet and ensure the same is applied per accounting standards.
• Prepare disclosure schedule and lead audit related requirements with internal and external auditors.
• Partnering on various accounting projects
• Ensure proper stock reconciliations are performed by Deals Desk and Operations. Review trade information between the various trading systems and the accounting system (Sun). Work closely with the Front/Mid Office in a fast moving business where inherent risk has to be mitigated by implementing effective controls.
• Preparation & posting of various journals for month end process like prepayment, reclassifications etc
• Internal Recharges
• Inventory valuation

• Mandatory

• Chartered Accountant with prior experience in derivative accounting will be a significant advantage
• Highly developed communication skills and experience of operating in an international environment, preferably from working for an international company.
• Self-motivated with a mature attitude. Able to work independently in a professional manner and maintain high standards of integrity.
• Ability to question and challenge the existing processes, with a view to creating reporting efficiencies and improvements.
• International outlook. Able to cope with working with staff in different offices worldwide.
• Drive and determination to obtain understanding of complex, business-driven transactions and report these accurately according to the appropriate accounting standards.
• Can work with various data sets and comfortable using various systems.
• Having good knowledge of excel to initiate automation through use of excel. Knowledge on macro creation is an added advantage.
• Team player with an enthusiastic approach to fresh challenges and helps various teams.
• Strong communication skills. Comfortable to liaise with non-accounting staff at all levels on a routine basis.

• Business Controllers
• Deals Desk (who calculate daily trading result and market risk)
• Operations /Chartering (logistics)
• Trade Finance
• External Audit teams

• Manager