Our Accounting team have an opportunity for an audit trained qualified accountant to join in the role of Trade Accountant to support the operation of SEFE Market & Trading’s (SM&T’s) sub-group financial netting processes and controls under IFRS.
WHAT YOU WILL DO
Using your technical ability, you will
· For a specific set of business units, ensure monthly trading balances, as reported in SAP ERP comply with both IFRS and SEFE Trading Group Accounting Polices
· 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 senior members of the Team, take appropriate action to ensure reporting obligations are met
· Take ownership of the monthly preparation of key financial data and business commentary for a specific set of business units, specifically for balance sheet results at entity level, and presentation across the team
· Take ownership of the SM&T sub-group derivative balance sheet, operating financial netting under IFRS, GL assignment and other controls to ensure all unrealised trades are correctly presented across asset and liability accounts.
· Support new business opportunities through timely analysis, advice, and input for sign off, ensuring that any new commodities, markets, or deal structures SEFE Marketing & Trading (SM&T) transacts, can be accurately and completely reported in company, group, and SM&T’s parent company accounts. This will Include liaison with other impacted teams, both within finance, and across middle and front office.
WHAT YOU WILL BRING
You will be a qualified chartered accountant, audit trained with proven post qualification experience and hands-on experience of working with physical commodities (desirable) combined with experience of the following:
· Substantiating foreign currency transactions in SAP, including realised and unrealised gains and losses on revaluation and cash clearing
· Owning a derivative financial netting process, understanding both the IFRS rules followed, as well as some of the challenges in its application
· Business transformation or experience within a fast-paced change environment
· Working with vast amounts of data, and financial reporting thereon
· Strong MS Excel experience; explicitly the use and manipulation of pivot tables on often large amounts of transactional level data.
