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Keywords / Skills : Accounting Manager

Posted: 2019-02-12

Industry
Comodities Trading
Function
Finance & Accounts
Role
Accountant
Posted On
12th Feb 2019
Job Ref code
SIN01602
Job Description
Description

This position will:
  • Effectively supervise Singapore Metals and Shippings Accounting & Reporting team to ensure all activities are performed in an efficient and effective manner.
  • Be accountable that the financials for the assigned product-lines and businesses are reported accurately and timely in compliance with US GAAP requirements, local statutory accounting standards and corporate policies.
  • Be responsible for completing the statutory audit, tax accounting and reporting (i.e. GST, corporate tax, transfer pricing documentation, US tax, etc.) and other financial statutory compliances required by statutory bodies (i.e. government surveys).
  • Oversee performance of the Shared Service team and work closely with the leads to deliver quality work as required by the business.
  • Ensure effectiveness of financial control framework for the assigned area.
  • Prepare accurate reports and information for tax.
  • Work closely with the Accounting and Reporting Lead in the deployment and execution of financial control framework to ensure that controls and financial compliance are maintained across multiple financial delivery models, systems and processes.
  • Be an excellent business-partner to Commercial and Trade Execution teams while maintaining fiduciary independence.
  • Support the businesses and work closely with the Accounting & Reporting Lead on providing effective solutioning and executing accounting and reporting activities for new strategy initiated by the businesses for growth and enhancing profitability.

40%:

Perform and supervise trading and general accounting tasks and ensure that the financial reports are prepared accurately and reported timely, in accordance with US GAAP requirements, local statutory accounting standards and corporate policies.

This includes:
  • Perform and monitor overall month end closing activities for the assigned product line and business.
  • Work with the team on derivative related support, including margin account reconciliation, journal entries and finalize PNL.
  • Review and validate MTM valuation of options.
  • Review reconciliation between trading and accounting system.
  • Reconcile accounting and trading P&L.
  • Consolidate and report US GAAP P&L.
  • Report financial statements and schedules required for US GAAP and support shared service on certain schedules, i.e. MTM and derivative disclosures, analytical commentary.
  • Any other month end closing tasks assigned.


10%:

Collaborate with shared service team
This includes:
  • Monitor shared service team performance.
  • Work together to bridge gap between shared service and business.
  • Provide guidance to shared service to support the business.


10%:

Perform balance sheet and income statement accounts analysis
This includes:
  • Provide balance sheet and income statements variance analysis for US GAAP and Control Review Package including Lower Level Financial Statement Review.
  • Provide accounting and reporting related support to other finance teams, including FRM, MI&DS and FP&A to understand the financial statement.


10%:

accounting and business support activities
This includes:
  • Review trade accruals and ensure contracts are closed regularly in trading system.
  • Provide trade accounting related information to trade operation team.
  • Provide effective solutioning and executing accounting and reporting activities for new strategy initiated by the business.


10%:
  • Prepare accurate reports and information for tax (i.e. GST, corporate tax, US tax, transfer pricing, etc.) and other statutory bodies (i.e. ESG, government statistics, etc.) and ensure compliance with the respective reporting requirements.

5%:
  • Provide information related to audits (both internal and external).


5%:
  • Actively engage in on-going process of automating tasks and constantly look for areas of improvement.


5%:
  • Perform record and information management activities and any other ad-hoc duties as assigned.


Qualifications

Required Qualifications
  • University graduate with a degree in Accounting/ Finance.
  • 6+ years of work experience of which 2 years must have been in a predominantly commodity trading with exposure to MTM concept.
  • Good knowledge of Singapore FRS and US GAAP.
  • Good knowledge of derivative, MTM and inventory valuation accounting policies.
  • Good knowledge in tax and transfer pricing.
  • Good analytical skills.
  • Ability to multitask and deliver results under tight deadlines.
  • Good communication and interpersonal skills.
  • Good team player.
  • Strong IT skills, especially in MS Excel.
  • Ability to work with minimal supervision.


Preferred Qualifications
  • Professional CA/ CPA qualifications.
  • JDE, ITAS or any trading system knowledge.
  • Proficient in Mandarin would be an advantages

Key Skill(s)

About Company

Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. We have 155,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work.


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