Our client is looking for a capable Trade Accountant to join a leading agricultural product wholesaler, renowned for its commitment to innovation and sustainable growth.
The Trade Accountant is responsible for the accurate accounting, reconciliation and reporting of commodity trading transactions. The role supports front, middle and back-office functions by ensuring timely trade monitoring, inventory valuation, profit and loss reporting, and compliance with internal controls and applicable accounting standards.
Experience
- Degree in Finance or Accounting
- 2–5 years’ experience in trade accounting.
- Experience within a commodity trading, energy or shipping environment is preferred.
Technical Skills
- Advanced Microsoft Excel.
- Microsoft Office 365.
- Microsoft Teams and SharePoint.
- Experience working with ERP systems such as PeopleSoft or similar.
- Exposure to Power BI and process automation would be advantageous.
Knowledge & Skills
- Strong understanding of the physical commodity trading lifecycle.
- Experience preparing and analysing profit and loss reports.
- Strong balance sheet reconciliation skills.
- Excellent analytical and problem-solving ability.
- High level of accuracy and attention to detail.
- Ability to work effectively under pressure and meet deadlines.
- Strong verbal and written communication skills.
- Self-motivated with a proactive approach.
Advantageous Experience
- Knowledge of derivative products and hedging instruments.
- Experience working within a multi-currency, multi-entity environment.
Key Responsibilities
Trade Accounting & Profit and Loss
- Record and reconcile physical and derivative commodity trades within the trading or ERP system.
- Prepare monthly profit and loss reports for each trading strategy.
- Reconcile trader profit and loss to accounting records and investigate variances.
- Ensure the accuracy and completeness of trade-related accounting transactions.
Settlements & Operations Accounting
- Maintain accurate trade and operational records.
- Reconcile purchase and sales contracts.
- Reconcile freight, insurance, demurrage and other trade-related costs.
- Liaise with operations, logistics teams and counterparties to resolve discrepancies.
- Monitor open contracts and ensure the timely recognition of revenue and costs.
Inventory & Cost Accounting
- Ensure accurate accounting of inventory and related accruals.
- Perform reconciliations for warehouse, silo and in-transit inventory.
- Assist with inventory valuation and cost reporting.
Financial Reporting
- Support month-end and year-end financial close processes.
- Prepare balance sheet reconciliations relating to trading activities.
- Assist with internal and external audit requirements.
- Ensure compliance with relevant accounting standards and company policies.
Stakeholder Management
- Work closely with traders, operations, logistics, suppliers and external stakeholders.
- Provide financial support to operational and strategic initiatives.
- Resolve financial queries relating to trading activities.
Risk, Compliance & Process Improvement
- Ensure compliance with internal controls and segregation of duties.
- Identify opportunities to improve systems and automate processes.
- Support continuous improvement initiatives within the finance function.
Kindly note that you will be redirected to the Ditto website in order to submit your application for this position.