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20/08 Vinita
Cortaal Global Pvt. Ltd.

Views:4137 Applications:78 Rec. Actions:Recruiter Actions:26

Management Accounting Specialist - Commodity Trading (3-6 yrs)

Mumbai Job Code: 160150

We currently have an opening for the position of a Management Accounting Specialist with the world's third largest commodities trading company.

Location: Mumbai

Outstation candidates please apply only if you can attend the interview on Monday - telephonic interviews will not be conducted

- We are looking only at first attempt Chartered Accountants with a strong academic background.

Main Purpose

- Working under the leadership of the Business Controller in Geneva this role is responsible for the preparation of clean Trial Balances for Metals. The role supports all aspects of monthly financial and management reporting.

- This role will involve learning and taking on the tasks involved in the preparation of the Trial balances, but within a year it is envisaged that a suitable candidate would become involved with projects and adhoc activities as allocated by the Business Controllers.

Experience, Knowledge and Skills:

Mandatory:

- Qualified Accountant with first time passes

- Strong academic background

- Highly developed communication skills and experience of operating in an international environment, preferably from working for an international company.

- Self motivated with a mature attitude. Able to work independently in a professional manner and maintain high standards of integrity.

- Ability to question and challenge the existing processes, with a view to creating reporting efficiencies and improvements.

- International outlook. Able to cope with working with staff in different offices worldwide.

- Drive and determination to obtain understanding of complex, business-driven transactions and report these accurately according to the appropriate accounting standards.

- Intermediate/advanced excel skills and a willingness to use technology to complete/ improve daily tasks.

- Team player with an enthusiastic approach to fresh challenges.

- Strong communication skills. Comfortable to liaise with non accounting staff at all levels on a routine basis.

Desirable:

- Experience of working in complex businesses

Key Responsibilities:

- Perform revenue recognition checks on trading ledgers to ensure compliance with Metals accounting policy. Follow up exceptions with Deals desk and Operations teams.

- Ensure proper stock reconciliations are performed by Deals Desk and Operations. Reconcile trade information between the various trading systems and the accounting system (Sun). Prepare journals to disclose stock correctly in Sun.

- Work closely with the Front/Mid Office in a fast moving, business where inherent risk has to be mitigated by implementing imaginative and effective controls.

- Ensure appropriate Accounting of joint venture agreements and liaising with the Tax departments on any issues that may arise.

- Maintain fixed asset schedules where relevant and ensure these are depreciation in line with the guidelines of the organization.

- Identify and review areas of required grossing up or netting of the balance sheet and ensure this is consistently applied. Ensure discounted receivable balances are appropriately disclosed.

- Review prepayments and pre-financing balances and ensure these agree to the Finance division.

- Review of holding deal balances and reconciliations.

- Arrange for the reallocation of corporate funding costs to the appropriate trading desks

- Preparation and posting of all reclassification journals where applicable.

- Preparation of schedules and analysis for inclusion in monthly management and financial reporting packs and which enable the Business Controllers to perform meaningful balance sheet review and commentary.

- Submit monthly results via Hyperion packs to Group Accounting.

- Investigation of data anomalies identified during month end reviews. Follow up with Front/Mid Office to clear unjustified balances via regular meetings.

- Daily review of the transfer pricing documentation provided by Front Office to ensure adherence with divisional policy.

- Review and sign-off of Intercompany Payment orders.

- Perform Hedge effectiveness test on forward trades and stock hedges.

- Prepare audit documentation and liaise with external auditors bi-annually.

Key Relationships:

- Business Controllers

- Deals Desk (who calculate daily trading result and market risk)

- Operations /Chartering (logistics)

- Trade Finance

- Group Tax

- External Audit teams

Please apply only if you have a desire for handling a core accounting role.

Alternatively, please get in touch on 022-40560819

Vinita Kini
Cortaal Global

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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