Trading & General Accountant

Profil du candidat

• You have a Master’s Degree level or equivalent in Accounting or Finance
• You have 2 to 3-year of experience in a Trading company, preferably in Power sector.
• You have strong skills in mathematics, IT / Excel,
• You have great communication and organisational skills.
• You are able to proactively look for help to address problems and offer solutions.
• You are able to work to deadlines under some time pressure.
• Self-motivation to continuously enhance processes and control procedures.
• Good temperament with ability to respond calmly, but effectively, to problems.

Activités

Support and training :

Support the Trading Accounting Manager in establishing objectives and organising the team’s work, and assist in training and development of junior / less experienced staff.

Processes :

• Manage the daily flow of all trading invoices from the trading system to both the invoice analysis database and the financial ledgers
• Follow up the control of cash allocation via a new cash monitoring process that assist and ensures settlements and treasury stay on top of the short-term allocation process, and that any issue is immediately reflected in the accounting system.

Control :

• Maintain the link and the reconciliation between the financial accounting system and the invoice analysis database (Simba posting tables) on a virtually real-time basis.
• Continuously apply and enhance (internal and SOX) controls to ensure all invoice documents are captured and processed correctly.

Proactively contribute to short and long-term cash control.

Ensure complete and accurate balance sheet control and revaluation.

Analysis :

• On a regular basis compare invoices received to accruals / deals to identify posting errors, prior period adjustments, incorrect deal valuations, incorrect invoices, or weaknesses in the actual / accrual processes or systems, and clearly communicate findings to Trading Control, Middle Office, Back Office or IT teams as appropriate.
• Analyse outstanding bank suspense, aged debt items, and liaise with Settlements and Treasury to resolve any cash monitoring issues.

Intercompany reconciliations :

• On a monthly basis report, the intercompany P&L and outstanding balance sheet items with group companies and on a quarterly basis agree these values directly with the particular counterparts.
• Identify problems in the process and work alongside the Intercompany Co-ordinator and with particular group counterparts to find efficient solutions.

Futures accounting :

Oversee the representation of exchange-based futures in the financial statements, reconciling positions and deliveries between the exchange, the book and the financial systems, ensure correct representation of realised / delivered results and appropriate deferral / release of mark-to-market variation margin.

Futures aged debt :

Perform and stabilise the process for reconciling and allocating delivered futures cash to the P&L or against invoices as appropriate in order for this process to be delegated to the appropriate team.

Projects :

Contribute to the ongoing development of operational systems and processes and proactively take ownership of various aspects to ensure delivery of any evolutions or enhancements, and ensure continuity of working processes.

System and process developments :

Contribute ideas to, assist the testing of, and help maintain system and process developments.

Contexte et environnement

Our Culture We are committed to meet the energy needs of a growing population and we are committed to the energy transition.

The volatility of the energy trading markets requires excellence in risk management and a culture of innovation. We are fully embracing the digital revolution.

Our people flourish in an environment that promotes expertise, entrepreneurship spirit, agility and a purpose-driven culture, generating boundless opportunities to learn, grow and achieve collaborative success.

Reinforcing the competencies of our people is a key pillar of our culture : we train our people to ensure their development and we pledge to encourage safety in all our actions.

We look for passion, ambition and open-mindedness. While we evolve in a demanding industry that requests to be always on the edge, we cultivate a friendly workplace where our people feel good, where team spirit and respect guide our daily routine, where the diversity of our people and their skills create a nourishing experience for all of us.

Job dimension The Trading activity accounts for more than 90% of Gas and Power’s revenue, representing over £15 billion per annum of delivered natural gas, LNG, power, coal and emissions.

Transactions average in excess of 10,000 per month covering both intra-desk and external counterparty deals. There are over 400 counterparts for these operations and contracts take various forms (such as long-term contracts, forwards, futures, options, swaps, transportation and storage).

Cash accounting is performed across multiple currencies for multiple bank, exchange and collateral accounts.