Accountant - Coal Trading
- Employer
- Ikwezi Mining
- Location
- Midrand Midrand, Gauteng North Johannesburg, South Africa
- Salary
- Competitive
- Closing date
- Jan 17, 2025
View more categoriesView less categories
- Job Role
- Accountant
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
You need to sign in or create an account to save a job.
As a Accountant, you will be responsible for managing the financial aspects of mining operations, ensuring that they are financially sustainable, efficient, and compliant with relevant regulations. Key Responsibilities:
Financial Reporting:
Financial Reporting:
- Prepare and maintain accurate financial records related to coal mining and coal trading transactions
- Generate monthly, quarterly, and annual financial statements specific to trading activities
- Reconcile trading revenue and expense accounts
- Track costs related to coal procurement, shipping, storage, and trading
- Analyze trading margins and profitability for individual contracts or deals
- Develop financial models to support pricing decision
- Assist in preparing budgets and forecasts for trading operations
- Monitor budget vs. actual performance and provide variance analysis
- Monitor and record coal purchase and sale agreements, ensuring proper financial documentation
- Manage invoices, accounts payable, and receivable for trading operations
- Work closely with logistics and operations teams to reconcile trade volumes and costs
- Ensure adherence to financial regulations, tax laws, and trade-specific policies
- Monitor exchange rate fluctuations, commodity price movements, and other financial risks
- Support internal and external audit
- Maintain accurate records of coal inventory, including valuation and stock adjustments
- Coordinate with warehouse and supply chain teams to reconcile physical stock with records
- Handle tax filings related to coal imports, exports, and domestic trading
- Ensure compliance with government and industry-specific reporting requirements
- Bachelor's degree in Accounting, Finance, or a related field (CPA/CA certification preferred)
- Minimum of 5 years' accounting experience in coal mining is mandatory
- Familiarity with commodity trading practices, documentation, and regulations
- Proficiency in ERP systems (SAP,) and trading-specific tools. Advanced MS Excel skills are essential
- Strong analytical and problem-solving skills
- High attention to detail and accuracy in financial reporting
- Excellent communication and negotiation skills
- Understanding of coal market dynamics and pricing trends
- Ability to work under pressure and meet strict deadlines
You need to sign in or create an account to save a job.
Get job alerts
Create a job alert and receive personalized job recommendations straight to your inbox.
Create alert