Accountant (Commodities Industry)

4 weeks ago


Singapore ACHIEVE CAREER CONSULTANT PTE LTD Full time
Roles & Responsibilities

  • Established MNC Commodities Trading House
  • Attractive Compensation Package
  • Central Business District


Responsibilities:


Trade Accounting:

  • Oversight of Gross Margin Processing: Ensure the timely processing of trading invoices from the trading system to both the invoice analysis database and financial ledgers. This includes posting and analysis but excludes settlement, netting, or cash allocation.
  • Maintenance of Gross Margin Control: Maintain the connection and reconciliation between the financial accounting system and the invoice analysis database (Simba posting table) in near real-time.
  • Conducting Gross Margin Analysis: Regularly compare received invoices with accruals/deals to detect posting errors, prior period adjustments, incorrect deal valuations, incorrect invoices, or weaknesses in processes or systems. Clearly communicate findings to relevant teams.
  • Execution of Trading Inter-co Reconciliations: Perform reconciliations for intercompany trading transactions. Report intercompany P&L and outstanding balance sheet items quarterly, reconciling with group companies and counterparts.
  • Management of Clearing Margin Deposits: Handle margining requirements with AEMO, monitoring cash margining requirements or withdrawal positions to optimize cash holdings with external clearing agents. Coordinate margining entry into SIMBA (CDM) for trade accounting entries with Credit.
  • Monitoring of Back Office (BO) Invoice Process: Validate invoices in SIMBA for accuracy and completeness before recording them in the SAGE accounting system and central clearer for settlement.

General Accounting, Financial Reporting & Planning, Corporate Tax Compliance, Banking & Treasury Support:

  • Assist Finance Manager in period-end balance sheet substantiation and reporting by addressing long-aged items and potential grossing-up issues. Aim to maintain clear balance sheet accounts by addressing old or unreconciled items, closing unused accounts, and assisting in overall chart of accounts maintenance.

Other Duties:

  • Compliance and adhere to Group SOX accounting policies and procedures.
  • Work with application managers and project coordinators on system implementation, enhancements, and process improvements.
  • Handling Annual Government Survey Forms and Ad-hoc Projects.


Requirements:

  • Bachelor’s degree in Accountancy or equivalent
  • CPA or ACCA member
  • Minimum of 4 years of experience
  • Pior working experience in big 4 firms would be at advantage
  • Strong technical understanding of International Financial Reporting Standards relevant to the commodity trading industry


How to apply:


Submit your application by emailing a detailed copy of your updated Resume in MS Word Format to CHOW JIA LING (EA Personnel Reg. No. R24120945, Achieve Career Consultant Pte Ltd EA Licence No. 05C3451) by clicking the “Apply Now” contact 9758 2986 for a confidential discussion.

Please indicate the below information in your resume:

· Current & Expected Salary

· Reason(s) for leaving

· Notice Period / Availability to commence work


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Tell employers what skills you have

Commodity
System Implementation
Treasury
ACCA
Corporate Tax
CPA
Financial Accounting
Accounting System
Trading System
MS Word
Tax Compliance
Deposits
Big 4
Screening
Back Office
Financial Reporting

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