Senior Oil Trade Accountant – Corporate & Transactional Exp.

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  • Position status: Closed
  • This position has been filled.

For an Intl Trading Co. based in Switzerland we are looking for a Senior Oil Trade Accountant

 

Tasks

Executive Accounting

  • Maintains records of the financial transactions by establishing accounts and posting transactions
  • Performs data entry, captures and balances bank accounts on a daily basis
  • Balances general ledger by preparing a trial balance; reconciling entries
  • Monthly reconciliation of the Balance Sheet – ARAP, Intercompany transactions and comprehensive analysis for sales/purchase – analytical accounting

Budget control

  • Review and control of overhead costs and financial results – SG&A cost monitoring actual versus budget in line with agreed business plan

Financial Reporting & Closing

  • Ensure the delivery of timely, accurate and meaningful financial reporting and financial performance analysis – statutory financial statements according to the local GAAP and IFRS for future consolidated financial statements
  • Responsible for development and amendment of Group reports

Management

  • Manage the transaction flows between Execution/Trading and Financial Control functions
  • Oversee balance sheet reconciliation – Accounts Receivable, Accounts Payable, Bank Accounts, Inventory, inter-company flows and hedge accounts

Audit

  • Liaison with the external auditors for the statutory audit and the audit of the consolidated financial reports
  • Review of the annual audited financial statements of the subsidiaries

Tax

  • Preparation of the information for the tax return form and VAT return

Consolidation

  • Implementation of the consolidation matrix tool and set up of the consolidated financial statements
  • Verification of the compliance of the accounting group policy and IFRS standard
  • Review and improve the quality of the financial information in the consolidation reports
  • Preparation of the IFRS disclosure and presentation requirement for the notes of the consolidation reports

Trading & Hedge accounting

  • Calculation of the mark-to-mark monthly Profit & Loss for physical, hedge (futures, options, OTC) and forex positions
  • Analysis of the monthly variations – new contracts, mark-to -market price variations, realized futures
  • Reconciliation of the traders estimates to the actual P&L
  • Preparation of the entries to the ledgers
  • Monthly Broker statements reconciliation
  • Verification of the basis, prices and costing, comparison with industry benchmarks/averages
  • Ensure compliance with control standards and risk requirements

 

Profile

  • 5 – 8 years of experience in Accounting in an Oil Trading Co.
  • Qualified with relevant accreditations – Swiss Brevet / CPA (in progress / completed) an advantage
  • Experience with an excellent grasp of Oil Accounting (hedging & physical)
  • Fluent in English – French a +
  • Good understanding of IT (interface between hedging, physical and financial accounting) – WinEUR a+
  • Flexible – Focused – Details-oriented – Quality driven

 

Answers will be given only to corresponding profiles and to applications formulated in English including a CV in Word format (with a picture)

 

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