Job DescriptionA dynamic opportunity awaits professionals seeking to elevate their careers within a leading agricultural product wholesaler, renowned for its commitment to innovation and sustainable growth. Our client is looking for a capable Trade Accountant:
Trade Accountant
Role PurposeThe Trade Accountant is responsible for the accurate accounting, reconciliation and reporting of commodity trading transactions. The role supports front, middle and back-office functions by ensuring timely trade monitoring, inventory valuation, profit and loss reporting, and compliance with internal controls and applicable accounting standards.
Key ResponsibilitiesTrade Accounting & Profit and Loss
Record and reconcile physical and derivative commodity trades within the trading or ERP system. Prepare monthly profit and loss reports for each trading strategy. Reconcile trader profit and loss to accounting records and investigate variances. Ensure the accuracy and completeness of trade-related accounting transactions.
Settlements & Operations Accounting
Maintain accurate trade and operational records. Reconcile purchase and sales contracts. Reconcile freight, insurance, demurrage and other trade-related costs. Liaise with operations, logistics teams and counterparties to resolve discrepancies. Monitor open contracts and ensure the timely recognition of revenue and costs.
Inventory & Cost Accounting
Ensure accurate accounting of inventory and related accruals. Perform reconciliations for warehouse, silo and in-transit inventory. Assist with inventory valuation and cost reporting.
Financial Reporting
Support month-end and year-end financial close processes. Prepare balance sheet reconciliations relating to trading activities. Assist with internal and external audit requirements. Ensure compliance with relevant accounting standards and company policies.
Stakeholder Management
Work closely with traders, operations, logistics, suppliers and external stakeholders. Provide financial support to operational and strategic initiatives. Resolve financial queries relating to trading activities.
Risk, Compliance & Process Improvement
Ensure compliance with internal controls and segregation of duties. Identify opportunities to improve systems and automate processes. Support continuous improvement initiatives within the finance function.
Minimum Requirements
Degree in Finance or Accounting
Experience2–5 years' experience in trade accounting. Experience within a commodity trading, energy or shipping environment is preferred.
Technical SkillsAdvanced Microsoft Excel. Microsoft Office 365. Microsoft Teams and SharePoint. Experience working with ERP systems such as PeopleSoft or similar. Exposure to Power BI and process automation would be advantageous.
Knowledge & Skills
Strong understanding of the physical commodity trading lifecycle. Experience preparing and analysing profit and loss reports. Strong balance sheet reconciliation skills. Excellent analytical and problem-solving ability. High level of accuracy and attention to detail. Ability to work effectively under pressure and meet deadlines. Strong verbal and written communication skills. Self-motivated with a proactive approach.
Advantageous Experience
Knowledge of derivative products and hedging instruments. Experience working within a multi-currency, multi-entity environment.
How To Apply
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Attach your Application letter, updated Curriculum Vitae (CV) and any supporting documents required.
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Send your application before the closing date.
Note: Only shortlisted candidates are contacted.
