Overview / Brief
LDC is a global merchandiser of commodities, a major asset owner and processor of agricultural goods, and a unique place to grow your career, your experience, and your abilities. LDC offers a multi-national learning experience across multiple products with its presence in more than 55 countries across the globe.
The Freight Platform both charters and operates vessels, offering a wide range of services and support both internal and external customers with offices in Geneva, Singapore and Wilton. While chartering activities has traditionally concentrated on the agricultural trades, today nearly half of the chartering supports its diverse third-party customer base, including major global miners, steel mills, utilities, and other industrial organizations.
As a Junior Operational Control Analyst for the Freight Platform, your primary responsibilities will be to support the day-to-day operations of the Platform in Singapore including Daily P&L and Positions and payment validation. You will also be involved in various monthly closing activities including financial and management reporting, production of statutory accounts and IT projects, process improvement and efficiency projects when required.
Diversity & Inclusion
LDC is driven by a set of shared values and high ethical standards
Diversity is part of our DNA. LDC strives to create a diverse and inclusive work environment where people can thrive regardless of gender, sexuality, ethnicity or background.
Sustainability
Sustainable value is at the heart of our purpose as a company
We are passionate about creating fair and sustainable value, both for our business and for other value chain stakeholders: our people, our business partners, the communities we touch and the environment around us.
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.
Experience
- 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.
