Accounting Manager, Sg

COMPANY DESCRIPTION

**About the Company**

JERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader specialising in LNG, Coal and Freight. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading, JERAGM’s shareholders are among the world’s largest utilities.

JERAGM operates one of the largest energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. These insights enable it to help its customers increase security of supply, optimise their portfolios and improve the risk management of their assets.

JERAGM LNG team manages the flexibility of over 35 million tonnes of supply each year, with structural access to both the European and North American gas markets. The coal team manages 60 million tonnes of supply each year for its shareholders and third-party customers and operates a major coal terminal in the Netherlands.

Headquartered in Singapore, JERAGM has a global talent pool of more than 250 people across offices located in four strategic locations: Singapore, Japan (Tokyo), the UK (London) and the US (Baltimore).

JERAGM is strongly capitalised with over US$500 million in paid up capital and a total equity of US$3 billion. JERAGM has retained its A+ Stable rating from R&I, attributable to a robust business model and solid financial base.

DESIGNATION : Accounting Manager, SG

RESPONSIBILITIES

**Department**

The Finance department is responsible for all key accounting, reporting and tax matters affecting the company and for the design, implementation, maintenance and operation of financial processes and internal controls.

The Finance department is accountable for the management and oversight of the following functions:

- Accounting
- Consolidation reporting
- Financial control
- Financial planning & analysis
- Settlements
- Tax

**Key roles and responsibilities**

Mainly responsible for managing and ensuring proper accounting and financial reporting, including effective operations of the general ledger and financial closing for the Singapore, London, and US operations:

- Oversee and manage the accounting functions and ensure the following are effectively performed:

- Maintain the financial books and records in accordance with financial reporting standards and statutory requirement, including assessing the impact of changes in accounting standards and ensuring appropriate accounting treatment of the Group’s business activities.
- Involve in daily analysis of trade flows or transactions
- Perform monthly closing and consolidation process to ensure high quality, accurate and timely group and statutory reporting and in compliance to financial reporting standards and statutory requirement
- Review the reconciliation of accounting to trading systems to ensure the accuracy of accounting ledger
- Perform monthly reconciliation of accounting profit and loss against Middle Office profit and loss. Identify, assess and evaluate discrepancies and consider if any adjustments as necessary to ensure accuracy of gross margin
- Prepare accounting schedules and monthly analytical review of fluctuation in financial positions and performance
- Prepare and analyse the monthly/quarterly financial reporting packages, and annual financial statements under the financial reporting standards to ensure accuracy and completeness
- Establish and/or enhance internal control and processes within accounting function, including developing and/or maintaining accounting manual and policies
- Manage and support audit and review process by external auditors, internal control/audit team
- Identify opportunities for process and controls improvements and execute them to raise operational efficiency and enhance the quality of financial reporting
- Lead and perform in the implementation of IT initiatives/projects and other ad-hoc projects
- Lead and perform the implementation of Finance BI functionality
- Support the SVP Finance & Treasury and Senior Financial Controller, and perform other ad-hoc duties as assigned
- Collaborate with other departments to ensure the overall JERAGM’s goals and objectives are achieved
- Work outside of normal business hours will be required at times, such as month-end closing
- Be knowledgeable of and ensure compliance with trading and accounting standards and other compliance requirements
- Manage and develop staff by setting goals, managing performance, providing guidance and maintaining strong team relationships

QUALIFICATIONS

**Key Qualifications, Experience and Requirements**
- Possess a Bachelor’s Degree in Accounting or equivalent professional qualification (e.g. Chartered Accountant or its equivalents)
- At least 10 years of relevant working experience with at least 3 years in a commodity trading company and/or in Big 4 accounting firm experience in audit of commodity trading firm desired
- Strong technical understanding of mark-to-market accounting in the commodity t