Trade Accountant - London, United Kingdom - eTech Partners

eTech Partners
eTech Partners
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

An opportunity has arisen for a Trade Accountant to join the London finance team of a global Commodity Trading Company.

You will be managing a small team responsible for the accounting for and financial control over the commodity trading activity.


You will be a Qualified Accountant with several years post qualification experience with a detailed understanding of the Commodity trading business

Responsibilities

  • Management of a small team, including setting and prioritising objectives, training/ coaching, and monitoring performance.
  • Trading Margin accounting, including technical accounting judgement to achieve IFRS compliant accounting treatment for all trades and structures, including complex trades involving optionality and financing components
  • Reconciliation from Commercial to IFRS/ IAS compliant Financial P&L and validation of all adjustments
  • Accounting for Trading/ Commodity components of other income/ expense.
  • Calculation and validation of financial returns by business unit/ desk in accordance with defined methodology
  • Detailed working capital analysis by business unit/ desk, including forecast and variance analysis


  • Intercompany reconciliation

  • Trade
  • Accounting for Trading finance agreements (e.g. Loans to counterparts)
  • Trading accruals/ prepayments (e.g. Structured long term transactions)
  • Analysis for reported Trading Margin & other income/expense
  • Researching and agreeing technical accounting treatments for Trading/ Commodity transactions, including discussion and agreement with the external auditor
  • Analysis and reporting for statutory financial reporting primarily IFRS
  • Maintaining accounting documentation for Trading/ Commodity transactions
  • Budget Assumptions (Trading Margin)
  • Review, analysis and control checks on currency balance sheets (trading)
  • Cash flow hedge accounting

Experience required

  • Qualified Accountant with several years post qualification experience
  • Detailed understanding of a commodity trading business
  • Efficient and controlled management of large and complex data sets (systems and analytical tools, e.g. Access, Excel)
  • Reconciliation of trade financial data from commercial reporting to IFRS compliant financial reporting, including calculation and validation of financial accounting adjustments.
  • Management of reconciliation processes across a large international group.
  • Critical analysis of financial data and identification/ investigation of inconsistent/ unusual data
  • Presentation and justification of accounting treatment for complex/ structured transactions, including preparation of accounting summary papers for auditor review

Benefits that come with this Trading Accountant role:

  • Hybrid working (3 days in the office/2 days WFH)
  • Discretionary bonus up to 20%
  • Enhanced pension
  • Private Healthcare
  • Travel allowance
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