Trade Accountant

Introduction

Leading agricultural commodity trading concern

Description

A dynamic opportunity awaits professionals seeking to elevate their careers within a leading agricultural product wholesaler, renowned for its commitment to innovation and sustainable growth. Our client is looking for a capable Trade Accountant: Role Purpose The Trade Accountant is responsible for the accurate accounting, reconciliation and reporting of commodity trading transactions. The role supports front, middle and back-office functions by ensuring timely trade monitoring, inventory valuation, profit and loss reporting, and compliance with internal controls and applicable accounting standards. Key Responsibilities Trade Accounting & Profit and Loss

• Record and reconcile physical and derivative commodity trades within the trading or ERP system.

• Prepare monthly profit and loss reports for each trading strategy.

• Reconcile trader profit and loss to accounting records and investigate variances.

• Ensure the accuracy and completeness of trade-related accounting transactions.

Settlements & Operations Accounting

• Maintain accurate trade and operational records.

• Reconcile purchase and sales contracts.

• Reconcile freight, insurance, demurrage and other trade-related costs.

• Liaise with operations, logistics teams and counterparties to resolve discrepancies.

• Monitor open contracts and ensure the timely recognition of revenue and costs.

Inventory & Cost Accounting

• Ensure accurate accounting of inventory and related accruals.

• Perform reconciliations for warehouse, silo and in-transit inventory.

• Assist with inventory valuation and cost reporting.

Financial Reporting

• Support month-end and year-end financial close processes.

• Prepare balance sheet reconciliations relating to trading activities.

• Assist with internal and external audit requirements.

• Ensure compliance with relevant accounting standards and company policies.

Stakeholder Management

• Work closely with traders, operations, logistics, suppliers and external stakeholders.

• Provide financial support to operational and strategic initiatives.

• Resolve financial queries relating to trading activities.

Risk, Compliance & Process Improvement

• Ensure compliance with internal controls and segregation of duties.

• Identify opportunities to improve systems and automate processes.

• Support continuous improvement initiatives within the finance function.

Minimum Requirements

• Degree in Finance or Accounting

Experience

• 2–5 years' experience in an accounting role

• Experience within a commodity trading, energy or shipping environment IDEAL

Knowledge & Skills

• Experience preparing and analysing profit and loss reports.

• Strong balance sheet reconciliation skills.

• Excellent analytical and problem-solving ability.

• High level of accuracy and attention to detail.

• Ability to work effectively under pressure and meet deadlines.

• Strong verbal and written communication skills.

• Self-motivated with a proactive approach.

Advantageous Experience

• Knowledge of derivative products and hedging instruments.

• Experience working within a multi-currency, multi-entity environment.

Profile

Completed degree and possibly articles. Some commercial accounting exposure. We are looking for a candidate who wants to learn a dynamic sector and improve their technical skills. KINDLY NOTE THAT YOU WILL BE REDIRECTED TO THE DITTO WEBSITE IN ORDER TO SUBMIT YOUR APPLICATION FOR THIS POSITION.

We offer

Basic salary + medical aid + pension