Main Purpose:
Trafigura is a leading commodities group, owned by its employees and founded over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through MorGen Energy and joint venture Nala Renewables.
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs over 13,000 people, of which over 1,400 are shareholders and is active in over 150 countries.
Working for the regional Controllers in Trafigura’s three regional hubs (Singapore, Geneva, Houston) this role is responsible for the preparation of clean Trial Balances for Trafigura’s Energy & Non Ferrous Trading entities and other associated entities. The role supports all aspects of monthly financial and management reporting.
This role will give exposure to a number of different areas in a trading business, as well as the opportunity to liaise with other business departments on an international level.
Knowledge Skills and Abilities, Key Responsibilities:
Knowledge and Skills:
- Qualified Accountant
- 3-5 years of solid experience in Accounting roles, where analysis and reporting is valued
- Highly developed communication skills and experience of operating in an international environment, preferably from working for an international company
- Good understanding of IFRS in particular on the areas of: derivatives, revenue recognition and inventories : IFRS 9 – IFRS 13 – IFRS 15 – IFRS 16
- Ability to use technology effectively, especially: multiple general ledgers systems (Oracle, Peoplesoft, SUN, Navision), consolidation and reporting systems, BI-tools (Business Objects/Qlikview) and Excel
- Working experience in auditing in a Big Four is valued
- Familiar with international accounting principles
- Fluent in English/advanced level (is a MUST)
- Excellent Excel skills
Key Responsibilities:
- Perform revenue recognition checks on trading ledgers to ensure compliance with Oil & Non Ferrous accounting policy. Follow up exceptions with Deals desk and Operations teams.
- Ensure proper stock reconciliations are performed by Deals Desk and Operations.
- Reconcile trade information between the various trading systems and the accounting systems.
- Prepare journals to adjust balances in order to comply with accounting standards.
- Reconcile local vs Group financials.
- Work closely with the Mid Office in a fast moving, business where inherent risk has to be mitigated by implementing imaginative and effective controls.
- Analyze accruals, aged debtors and intercompany breaks.
- Identify and review areas of required grossing up or netting of the balance sheet and ensure this is consistently applied.
- Ensure discounted receivable balances are appropriately disclosed.
- Review prepayments and pre-financing balances.
- Transfer Pricing review and approval.
- Hedge effectiveness testing.
- Document of work processes and procedures and identification of efficiencies where possible.
- Ability to adapt to provide support in any applicable task.
Key Relationships and Department Overview:
Equal Opportunity Employer
We are an Equal Opportunity Employer and take pride in a diverse workforce. We do not discriminate in recruitment, hiring, training, promotion, or other employment practices for reasons of race, colour, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or handicap, disability, or any other legally protected status.