Main Purpose:

This role is responsible for the accounting, reporting and control of the Trading legal entities with primary responsibilities of monthly closing of the books, entity-specific accounting policy, legal entity maintenance, account reconciliation & account structure management. The role will require an in-depth understanding of these entities including their business strategies, associated technical accounting and disclosure requirements.

Knowledge Skills and Abilities, Key Responsibilities:

Experience, Knowledge and Skills

• Chartered Accountant
• 4-10 Years of proven experience
• Strong interpersonal skills
• Determined and able to take end-to-end ownership
• Keen to question and challenge the existing processes with a view of creating reporting efficiencies and improvements.
• Can work with multiple data sets, various systems and Excel
• Eager to take up fresh challenges and support the team wherever required
• Comfortable to work with non-accounting teams for regular activities and projects

Key Responsibilities     

Balance Sheet Review & Control

• Provide input into the end-to-end control and ownership of legal entity balance sheets for the division supported
• Drive the monthly financial close which entails analytical review and sign off of the balance sheet, profit and loss accounts for entities of the specified trading division
• Perform the month end close process including but not limited to revenue recognition checks, stock verification and valuation, debtors aging along with provision review, intercompany & related party balance confirmation
• Ensure strong control framework by implementing and maintaining effective internal controls
• Attend to impromptu requests from diverse customers and partners, including tax, consolidation, and regional accounting teams.
• Coordinate with multiple teams on matters relating to intercompany settlements, transfer pricing, legal, compliance
• Analyse impact of various journals and processes on trial balance areas.

MIS reporting

• Inter-co, Portfolio and Broker reconciliation
• Debtor/Creditor reconciliation & reporting
• VAT reconciliation and reporting
• Inter/Intra-co invoicing and reallocation of costs/income

Audit

• Liaise with external auditors during the group & statutory audits
• Coordinate with various functions to provide auditable support & evidence to external auditors
• Prepare disclosure schedules and audit documentation

Change Management

• Lead change projects to support any accounting policy changes or new reporting requirements for the legal entities in scope
• Challenge the current processes for improvement and constantly review processes for efficiencies
• Steer a wide variety of projects in the transformation of the trading and GL systems from the design, functional requirements and testing to supporting implementation

Key Relationships and Department Overview:

• Business Controllers
• Deals Desk (Product Control team)
• Operations /Chartering (logistics)
• Trade Finance
• Treasury and Bank reconciliation
• External Audit teams