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Trade Accountant

Frank Consult
Cape Town City Centre Cape Town Cape Town Region, South Africa
Closing date
Jul 18, 2024

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Job Role
Contract Type
Full Time
Join a highly successful commodity trading company in Somerset West specializing in international physical deliveries. They seek a Trade Accountant to join their dynamic team. This is an exceptional opportunity to work with a reputable company that values expertise, professionalism, and innovation in the industry.
As the primary contact for our customers and internal parties, you will play a crucial role in ensuring seamless contract execution, planning, and customer service. Your attention to detail, excellent communication skills, and proficiency in Microsoft Excel will be key in delivering top-notch customer experiences.
Enjoy competitive compensation, a supportive work culture, and room for professional growth.
Minimum qualifications and experience:

- 1+ years' experience in a grain trading environment preferred.
Tertiary qualification in Risk Management, Finance, or Accountancy (or related field).
Minimum of 2 years of demonstrated experience in a similar role.
Knowledge of accepted accounting practices and principles.
Exposure to derivative markets, risk management environments, and the grains industry.

Duties & Responsibilities:

Review trade position accuracy.
Review open contracts.
Compile daily PNL report.
Daily valuation of new deals.
Daily FX valuation.
Realized PNL valuation.
Ensure accurate recording and analysis of revenues and expenses.
Prepare supporting schedules according to monthly close schedule.
Prepare monthly account reconciliations per commodity.
Perform monthly intercompany reconciliations and recording of transactions.
Execute general ledger system operations and month-end close responsibilities.
Prepare commercial reports.
Assist with internal and external audits.
Perform balance sheet reconciliations.
Review and approve payments.
Validate and maintain data integrity.
Handle ad-hoc duties as needed.

Essential skills:

Intermediate to advanced MS Excel proficiency.
Understanding of derivative markets and/or risk management.
Excellent numerical reasoning and problem-solving skills.
Attention to detail and high accuracy.
Experience in a fast-paced environment.
Strong teamwork and collaboration skills.
Ability to work well under pressure.
Effective planning, organizing, and time management.
Critical thinking and emotional resilience.
Proactive and adaptable.
Strong communication and listening skills.
Positive attitude.
Computer literacy (MS Office, Word, Outlook, web-based platforms).
Collaboration at all levels within the organization.
Excellent written and verbal communication skills.
Aptitude for continuous system enhancements and automation.

Desirable skills:

Completed SAFEX examination: Agri Market Dealers.
Exposure to the grains industry.

Join their team and be part of a company that values excellence in execution and exceptional customer service. Apply now and contribute to our mission of delivering top-quality services to our valued customers.
We offer
Medical Aid Contribution, Provident Fund Contribution, Annual Bonuses

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