[Career Site] : CA Eep req at Multinational commodity trading company as Analyst - Oil Accounting
Analyst - Oil Accounting
Overview
- 3389
Description
Trafigura is one of the world's leading independent commodity trading and logistics houses. Our business is advancing trade for a growing array of customers and counterparties around the world. The company directly employs over 8,000 people through a network of 167 offices in 58 countries. We source, store, blend and deliver essential raw materials and commodities. In 2013, we traded 117.8 million tonnes of oil and petroleum products and 32.9 million tonnes of non-ferrous and bulk commodities. 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 turnover from USD18 billion in 2004 to USD133.0 billion in 2013.
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Main Purpose
• Month end book close
• Review and provide month end accruals, amortization, depreciation etc.
• Deep dive analysis of entire overhead expenses of the company
• Monthly reporting to department owners and provide variance analysis vis-à-vis budget
• Preparation of budgets and forecasts
• Review of balance sheet and post necessary journals
• Interacting with auditors and resolution of audit queries
Key Responsibilities
- To be responsible for all demurrage/TDL/Regular Oil payments/Finance Payments & Transfers/Cash Transfers/ Swifts/Offsets/Intercompany Payments ensuring payments are made efficiently and to deadline.
- Liaise with demurrage/TDL/Operations personnel to ensure any queries are dealt with swiftly.
- Create and read reports to ensure deadlines and payment cut offs are met with accuracy.
- Deal with foreign currency payments, liaising with the Treasury FX department to ensure that all
payments are made with the correct FX rates
- To be responsible for all demurrage/TDL/Regular Oil/ Refined Metals related receipts and bank account movements.
- Liaising with Athens personnel, (who head up the demurrage department) informing them of all demurrage related funds received.
- Posting the receipt of funds accurately in the Trafigura system, ensuring it reflects the bank statements.
- Reconciling all accounts internally through daily reports sent by the accounts department.
Knowledge Skills and Abilities
o Qualified Chartered Accountant
o Strong academic background
o Highly developed communication skills and experience of operating in an international environment, preferably from working for an international company.
o Self-motivated with a mature attitude. Able to work independently in a professional manner and maintain high standards of integrity.
o Ability to question and challenge the existing processes, with a view to creating reporting efficiencies and improvements.
o International outlook. Able to cope with working with staff in different offices worldwide.
o Drive and determination to obtain understanding of complex, business-driven transactions and report these accurately according to the appropriate accounting standards.
o Intermediate/advanced Excel skills and a willingness to use technology to complete/ improve daily tasks.
o Team player with an enthusiastic approach to fresh challenges.
o Strong communication skills. Comfortable to liaise with non-accounting staff at all levels on a routine basis.
Key Relationships
- Demurrage Personnel
- Oil Derivatives Personnel
- Treasury team
- Accounting department
- Banks (for queries) - Permanent
- Full-Time
- 3 - 5 Years
- Mumbai
- Accounting
- Bachelors Degree
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