Our client is one of the world's leading Energy & Commodity Trading businesses with a successful history of growth. Their distinct culture thrives on values, giving them a strong base and passion to succeed as a team. Employees enjoy an environment that allows them to develop their skills, knowledge and experience giving them every opportunity to have successful careers. New ideas and initiatives are encouraged as it is widely believed that inspired individuals can make a difference and help shape the future of the business.
As the Trading Accountant you will:
- For specific business units, ensuring that the monthly trading balances, as reported in SAP ERP comply with both IFRS and Trading Group Accounting Polices, additionally responsible for all correct mapping and assignment to parent company GL for onward financial consolidation.
- Reconcile legal entity results in SAP ERP, for at least one trading desk and/or legal entity, to Product Control monthly estimates, investigating all material differences. Working with more senior members of the Team, take appropriate action to ensure reporting obligations are met. Includes the preparation of corrective journals to company with IFRS, for manager review and sign off before recording in SAP.
- Support Senior Trading Accountant in operating the sub-group financial netting processes and controls under IFRS to ensure all unrealised trades are correctly presented across asset and liability accounts.
- For specific business units, ownership over monthly preparation key financial data and business commentary, specifically for balance sheet results at entity level, and presentation across the team.
- Support new business opportunities through timely analysis, advice, and input to the Senior Trading Accountant for review, supporting that any new commodities, markets or deal structures in which the company transacts, can be accurately and completely reported in company, group, and parent company accounts. Includes liaison with other impacted teams, both within finance, and across middle and front office.
- Build strong relationships with the technical accounting team to support the Team where advice is given it is seen through to physical implementation, both for existing business activity as well as new structures taken on.
- Supporting overall data management, supporting the team that all logic, mapping tables and GL assignments are actively maintained and validated within the ETRM to SAP interface layer, I&R. Support improvement projects to improve and simplify such logic, in line with team and departments objectives.
REQUIREMENTS
- Qualified Chartered Accountant, with relevant post qualification.
- Understanding of derivative financial netting process, understanding both the IFRS rules followed, as well as some of the challenges in its application.
- Experience of working with vast amounts of data, and financial reporting thereon.
- Hands-on experience working with a physical commodity, as well as cash settled derivative chart of accounts, within SAP ERP/ECC would be an advantage.
- Experience substantiating foreign currency transactions in SAP, including realised and unrealised gains and losses on revaluation and cash clearing would be an advantage.
- Experience of business transformation or a fast-paced change environment.
- Strong MS Excel experience; explicitly the use and manipulation of pivot tables on often large amounts of transactional level data.
- Strong stakeholder management experience with the ability engage both internal and external audiences
- Effective communication skills (both written and verbal) with the ability to quickly build trust with senior stakeholders in non-finance functions
- The ability to work on own initiative as well as being an effective member of a team
- Accuracy and attention to detail whilst delivering against challenging deadlines
- Flexibility of approach to ensure compliance with deadlines
- A proactive and decisive mindset
- Strong project management skills
- Highly effective written and verbal communication skills