Accounting Analyst

**Location**

Singapore, Central Singapore

**Job Type**

Contract

**Salary**

$3,500 - $6,000 Per Month

**Date Posted**

5 hours ago

Additional Details

**Job ID**

133642

**Job Views**

1

**Job Description**:
Roles & Responsibilities
**The Company**:
Aramco Trading was established as Saudi Aramco’s trading arm in 2011 under the approval of Saudi Aramco’s Board of Directors. It established its headquarters in Al-Midra Tower in Dhahran, Saudi Arabia and have 3 other global offices in London, Singapore and Fujairah. With four offices currently operating worldwide, Aramco Trading has broader access to markets, a wider client base, a more talented and diversified workforce, and a more sophisticated and integrated global business model.

Today, the company is recognized globally as a critical trading partner for refiners, shipping companies, financial institutions, end-users, and other product-trading companies. The company trades across the barrel including Crude, Middle distillates, Light distillates, bulk petrochemicals, and polyolefin.

Supporting market growth and the integration of downstream assets, Aramco Trading Singapore (ATS), commenced its trading activities in July 2018. ATS’ focus is on integrating Saudi Aramco’s downstream assets in Asia and expanding third-party trading by focusing on naphtha and, more recently, LNG.

**The Function**:
The Accounting Analyst is responsible for managing the billing process and resolving any errors to ensure timely, accurate and complete settlement of physical and financial commodity transactions and obligations agreed in the contracts through sales invoices to customers and payments to vendors. This is a 6months contract with possibility to extend another 6months.

**Key Accountabilities**:
Role
- Invoicing
- Ensure accurate settlement of physical and financial transactions using the ETRM system
- Produce invoices and remittance statements according to the specific contractual terms for timely settlement
- Perform mid-month and month-end checkouts with counterparties
- Produce monthly accounts receivable aging reports and identify collection issues
- Ensure payments are accurate and timely
- Liaise with Traders, Schedulers, Credit teams and Operations to address issues including contract and movement entries, deal documentation review
- Coordinate with counterparties to resolve invoicing transactions
- Assist the Operations team with the settlement of shipping and duty payments to customs
- Prepare proforma invoice for custom clearance

Role
- Data and Process Management
- Ensure integrity of settlement data within the ETRM system, SAP and interfaces to facilitate accurate reporting
- Develop, document, and maintain procedures for related activities, and modify as required
- Review departmental processes and recommend improvements

Role
- Reporting
- Settlements summary
- Outstanding confirmations aging report
- Statement reports
- Counterparty reports
- Actualization reports
- Accounts receivable aging reports and identify and address collections issues

**Requirements**:

- Bachelor’s degree preferred in Accounting, Finance or related field
- Minimum 4 years of relevant trade settlement and invoicing experience
- Industry knowledge - experience of working with trading counterparties and direct contact with trading desks and good working knowledge of trading systems and shipping knowledge
- Commodities trading knowledge - trading fundamentals, counterparties and key players in market
- Financial knowledge - good knowledge of different accounting reporting requirements (IFRS), experienced in invoicing processes for energy and related products, understanding and experience of the energy settlements processes and market developments
- Good team player with the ability to work both independently and collaboratively in a team
- Able to work under pressure to meet deadlines
**Application**:
Do you have what it takes? If you are keen to grow your career with a leading energy company, this is the role for you.

Tags

accounting

analyst

contract

66months