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29/11 Swasti Verma
HR at Trafigura

Views:3739 Applications:165 Rec. Actions:Recruiter Actions:136

Trafigura - Senior Analyst - Management Accounting - CA (4-6 yrs)

Mumbai Job Code: 770336


Trafigura is a leader in the commodities trading business. Trafigura Global Services Private Ltd. is the Shared Services Centre for Trafigura, one of the world's leading independent commodity trading and logistics houses. Its business is advancing trade for a growing array of customers and counterparties around the world. The company directly employs over 4,000 people through a network of 61 offices in 36 countries. We source, store, blend and deliver essential raw materials and commodities. In 2014 we traded 205.4 million tonnes of oil and petroleum products and 60 million tonnes of metals and minerals products. We operate responsibly, adding real value for our clients, our stakeholders and our shareholders. Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in recent years, growing revenue from USD 18 billion in 2004 to USD 180.7 billion in 2018.

Department: Management Accounting

Location: Mumbai

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. With a total asset base of USD48.6 billion, strong balance sheet controls become critical to achieve the overall business goals and maximize financial performance.

Experience, Knowledge and Skills

- Chartered Accountant /post-graduation accounting qualification

- 4-6 Years of relevant experience

- Strong communication skills

- Self-driven 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 and support 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

- Prepare and post journals with respect to accruals & prepayments, derivatives netting adjustments, depreciation

- Evaluate accounting of various physical and derivative positions and determine application of hedge accounting where appropriate

- Ensure strong control framework by implementing and maintaining effective internal controls

- Address ad hoc requests from various stakeholders and counterparts like tax, consolidation and regional accounting teams

- Coordinate with multiple teams on matters relating to intercompany settlements, transfer pricing, legal, compliance

Management Reporting

- Analyse trial balance movements on a monthly basis and highlight and explain the significant movements based on agreed thresholds

- Perform analytical review and provide comments on the business rationale of balance sheet movements

- Prepare, analyse and present monthly, quarterly and annual financial reporting to the consolidation team

- Prepare management reporting packs on monthly/quarterly basis


- 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

- Drive 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 the implementation

Key Relationships

- Business Controllers

- Deals Desk (Product Control team)

- Operations /Chartering (logistics)

- Trade Finance

- External Audit teams

Women-friendly workplace:

Maternity and Paternity Benefits

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