Financial Trading Controller
other jobs JS Recruitment Ltd
Added before 6 Days
- England,London,City of London
- full-time
- £65,000 - £80,000 per annum
Job Description:
Our client are an international commercial organisation who are looking for additional Financial Controllers to join their London team. This is a hybrid role and comes with endless opportunities. They are open on experience and will consider newly qualified people or someone with multiple years experience.
Tasks:
*For specific business units, ensuring that the monthly trading balances, as reported in SAP ERP comply with both IFRS and Trading Group Accounting Polices, additionally responsible for all correct mapping and assignment to parent company GL for onward financial consolidation.
*Reconcile legal entity results in SAP ERP, for at least one trading desk and/or legal entity, to Product Control monthly estimates, investigating all material differences. Working with more senior members of the Team, take appropriate action to ensure reporting obligations are met. Includes the preparation of corrective journals to company with IFRS, for manager review and sign off before recording in SAP.
*Support Senior Trading Controller in operating the SM&T’s sub-group financial netting processes and controls under IFRS to ensure all unrealised trades are correctly presented across asset and liability accounts.
*For specific business units, ownership over monthly preparation key financial data and business commentary, specifically for balance sheet results at entity level, and presentation across the team.
*Support new business opportunities through timely analysis, advice, and input to the Senior Trading Controller for review, supporting that any new commodities, markets or deal structures SM&T transacts, can be accurately and completely reported in company, group, and SM&T’s parent company accounts. Includes liaison with other impacted teams, both within finance, and across middle and front office.
*Build strong relationships with the technical accounting team to support the Team where advice is given it is seen through to physical implementation, both for existing business activity as well as new structures taken on.
*Together with more senior members in the team, work closely with ultimate parent company teams to implement and maintain any required changes and updates to the local and parent company chart of accounts, as operated in SAP for trading balances.
*Supporting overall data management, supporting the team that all logic, mapping tables and GL assignments are actively maintained and validated within SM&T’s ETRM to SAP interface layer, I&R. Support improvement projects to improve and simplify such logic, in line with team and departments objectives.
Education and experience:
*Qualified Chartered Accountant, with 2 years or more experience post qualification.
*Understanding of derivative financial netting process, understanding both the IFRS rules followed, as well as some of the challenges in its application.
*Experience of working with vast amounts of data, and financial reporting thereon.
*Hands-on experience working with a physical commodity, as well as cash settled derivative chart of accounts, within SAP ERP/ECC would be an advantage.
*Experience substantiating foreign currency transactions in SAP, including realised and unrealised gains and losses on revaluation and cash clearing would be an advantage.
*Experience of business transformation or a fast-paced change environment.
*Strong MS Excel experience; explicitly the use and manipulation of pivot tables on often large amounts of transactional level data.
Competencies:
*Strong expertise in IFRS: business segments, national and international subsidiaries, consolidation, and group reporting.
*Proactive and decisive mindset, with experience working to tight close timescales.
*Thrives in a high-pressure environment with challenging deadlines.
*Highly motivated and proactive individual and team player.
*Diligent and dependable, approaching work with an attention to detail.
*Ability to work on own initiative as well as being an effective member of a team.
*Solid understanding of business processes and controls, ability to analyse and identify improvements.
*Strong desire to learn and develop professionally and take a willingness to share expertise and develop others.
*Strong project management skills.
*Strong communication skills.
*Highly effective written and verbal communication skills.
Tasks:
*For specific business units, ensuring that the monthly trading balances, as reported in SAP ERP comply with both IFRS and Trading Group Accounting Polices, additionally responsible for all correct mapping and assignment to parent company GL for onward financial consolidation.
*Reconcile legal entity results in SAP ERP, for at least one trading desk and/or legal entity, to Product Control monthly estimates, investigating all material differences. Working with more senior members of the Team, take appropriate action to ensure reporting obligations are met. Includes the preparation of corrective journals to company with IFRS, for manager review and sign off before recording in SAP.
*Support Senior Trading Controller in operating the SM&T’s sub-group financial netting processes and controls under IFRS to ensure all unrealised trades are correctly presented across asset and liability accounts.
*For specific business units, ownership over monthly preparation key financial data and business commentary, specifically for balance sheet results at entity level, and presentation across the team.
*Support new business opportunities through timely analysis, advice, and input to the Senior Trading Controller for review, supporting that any new commodities, markets or deal structures SM&T transacts, can be accurately and completely reported in company, group, and SM&T’s parent company accounts. Includes liaison with other impacted teams, both within finance, and across middle and front office.
*Build strong relationships with the technical accounting team to support the Team where advice is given it is seen through to physical implementation, both for existing business activity as well as new structures taken on.
*Together with more senior members in the team, work closely with ultimate parent company teams to implement and maintain any required changes and updates to the local and parent company chart of accounts, as operated in SAP for trading balances.
*Supporting overall data management, supporting the team that all logic, mapping tables and GL assignments are actively maintained and validated within SM&T’s ETRM to SAP interface layer, I&R. Support improvement projects to improve and simplify such logic, in line with team and departments objectives.
Education and experience:
*Qualified Chartered Accountant, with 2 years or more experience post qualification.
*Understanding of derivative financial netting process, understanding both the IFRS rules followed, as well as some of the challenges in its application.
*Experience of working with vast amounts of data, and financial reporting thereon.
*Hands-on experience working with a physical commodity, as well as cash settled derivative chart of accounts, within SAP ERP/ECC would be an advantage.
*Experience substantiating foreign currency transactions in SAP, including realised and unrealised gains and losses on revaluation and cash clearing would be an advantage.
*Experience of business transformation or a fast-paced change environment.
*Strong MS Excel experience; explicitly the use and manipulation of pivot tables on often large amounts of transactional level data.
Competencies:
*Strong expertise in IFRS: business segments, national and international subsidiaries, consolidation, and group reporting.
*Proactive and decisive mindset, with experience working to tight close timescales.
*Thrives in a high-pressure environment with challenging deadlines.
*Highly motivated and proactive individual and team player.
*Diligent and dependable, approaching work with an attention to detail.
*Ability to work on own initiative as well as being an effective member of a team.
*Solid understanding of business processes and controls, ability to analyse and identify improvements.
*Strong desire to learn and develop professionally and take a willingness to share expertise and develop others.
*Strong project management skills.
*Strong communication skills.
*Highly effective written and verbal communication skills.
Job number 1675935
metapel
Company Details:
JS Recruitment Ltd
Company size: 5–9 employees
Industry: Sales
JS3 Recruitment was established in order to deliver quality recruitment solutions across multiple sectors to both clients and candidates. Whatever you...