Job details

Analyst - Accounting - job 2 of 2

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:

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.
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.
Analyse impact of various journals and processes on trial balance areas.

MIS reporting

Inter-co, Portfolio and Broker reconciliation
Debtor/Creditor reconciliation
Debtor/Creditor reporting
VAT reconciliation and reporting
Inter/Intra-co invoicing and reallocation of costs/income
Daily suspense balance clearing and reporting

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

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 efficienciesSteer 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)T
Trade Finance
Treasury and Bank reconciliation
External Audit teams

About Us
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.

Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries.

Trafigura Glassdoor Company Review

3.6

Trafigura DE&I Review

No rating

CEO of Trafigura

Jeremy Weir

Approve of CEO

By Trafigura

How do we ADVANCE TRADE around the world?Trafigura helps bring commerce to life. We move physical goods from where they are plentiful to where they are needed most – reliably, efficiently and responsibly.

FUNDING

INDUSTRY

TEAM SIZE

LOCATION

Hybrid, based in Singapore, Singapore

DATE POSTED

June 9, 2023