Main Responsibilities:
- Prepare daily trading PNL for assigned desk and close the trading P/L on a timely basis. This includes preparation of journal entries for accounting team to book.
- Review and validate daily freight payable transactions in accounting system for accurate and timely payments.
- Update futures/options margin accounts breakdown by desk, per broker statement.
- Review general month-end accounting tasks by accounting team to ensure that the financial results are prepared and reported timely in accordance with IFRS and Singapore accounting standards as well as internal policies. This includes Statutory and Management reporting.
- Perform month-end trading and accounting PNL reconciliation to ensure no major discrepancies and differences are accounted for, provide commentaries as required.
- Work closely with Freight Operations, Trading, Execution and Accounting teams to ensure that financial transactions including trading accruals and provisions pertaining to trading books are accounted for properly in both trading and accounting systems, and that they are in line with IFRS.
- Liaise with Accounting teams in offshore Shared Services Centre to ensure that non-trading activities are booked accurately.
- Coordinate and liaise with external parties like external auditors, tax agents, local tax and government authorities where required, during quarterly GST filing, annual statutory audits, and annual MSI-AIS Award submissions.
- Engage actively in the ongoing process of automating tasks and constantly look for areas of improvement.
- Assist the Manager/Controller to assess and identify risks within the business and any other adhoc tasks as required.
Experiences:
- 1-2 years of experience in Product Control/Business Analysis/Management Accounting/Audit/FP&A from shipping/commodities industries preferred.
- Good understanding of futures markets, hedging and derivatives mechanisms.
- Strong verbal and written communication skills, ability, and willingness to interact effectively with all levels of employees & management.
- Ability to handle multiple responsibilities and to prioritize.
- Self-starter with ability to work independently and to take initiative, proactive attitude toward problems and issues.
- Ability to work in a high-pressure atmosphere. Flexibility on working time during periodic closings.
- High level vision with and attention to detail.
- Ability to identify/control weaknesses and implement process improvements.
- Strong analytical skills.
- Highly proficient with Microsoft Excel / SAP / IMOS systems.
Academics
- Degree in Accounting/Business/Economics or similar field.
