Commodity Risk, Accountant

We are a company specializing in supply and trading of marine fuel and bunkering, backed by oil major companies with established global presence. The role sits in the Finance department reporting to the Risk Manager. The successful candidate will be accountable to manage the PnL of the trading activities, monitor the firm’s exposure and mark-to-market price movements and mitigate the risks due to price volatility. The role will give the successful candidate a rewarding experience of physical oil trading primarily in Singapore and China markets as well as globally, along with hedging using derivatives. The successful candidate will also build a good understanding of the trade flow from trading to operations, as well as the different facets of Finance including accounting and risk.

Key Accountabilities:

• Monitor daily exposure in trading system to ensure risk exposure is within tolerance level.
• Prepare daily and monthly trades and MTM PnL report and analysis for Management.
• Check deal recaps against trades inputted into trading system.
• Calculate trader’s PnL base on their physical and paper trades and inventory.
• Perform daily, monthly and year-end closing of books in trading system to capture trading PnL.
• Booking paper hedges PnL into SAP and other finance job if needed.
• Daily and Monthly paper reconciliation within trading system, SAP and counterparty’s statements.
• Maintain and enhancement of trade and risk management system.
• Other tasks including bunker deal verification in SAP and managing audit requirements.
• Review of company policies relating to job scope on yearly basis.
• Handle ad-hoc projects as and when required by the Management.

Requirements:

• Bachelor degree or above. Major in Accounting orQualified Accountant (ACCA or equivalent) is an added advantage.
• Minimum 2 years’ experience in trade exposure and daily PNL analysis or hedging accounting in Oil trading or related company
• Understand hedging technical and experience in hedging accounting.
• Experience in trading system is an added advantage.
• Experience in SAP system is an added advantage.
• Excellent communication skills in English and Mandarin (to liaise with Chinese counterparts).
• Proficient in Microsoft Excel.
• Team player with close communication in the team and coverage for other colleagues when needed.
• Ability to perform within the company's compliance requirement.
• Willing to work overtime occasionally and during month-end closing.