Responsibilities

Trade and Transaction Management:

. Maintain up an up-to-date vessel-wise profitability report for the management, including freight, demurrage, and port charges

. Conduct regular account reconciliation and analysis of vessels with traders on physical trading.

. Reconcile derivative trades (futures/options) withtraders/brokers/clearing houses.

. Coordinate with trade finance teams for settlement of Letters of Credit (LCs) and other structured instruments

. Ensuring the correctness of LC charges by the Banks

. Accounting and Reporting:

. Ensure smooth flow of processes from recording income and expenditures on the system to regular reporting of AR/AP.

. Prepare monthly MIS, including but not limited to P&L, Balance Sheet, and statement of cash flows for the management,including intercompany reconciliations.

. Monitor and review income and expenditure sclassifications as per the requirements of the Global Traders Program (GTP) and prepare a progress report for management.

. Handle financial and taxation-related enquiries from financiers, bankers, tax authorities, and inter-group companies.

. Ability to lead timely completion of annual audit and prepare necessary schedules for annual tax return.

Education and Experience requirements

CPA/ACCA/CA qualified.
Accounting degree/diploma or equivalent.
Knowledge of generally accepted accounting practices and principles.
Knowledge of audit practices & principles, applicable laws, codes and regulations in Singapore.
Knowledge and experience of using accounting software, - XERO.
Minimum of 5 years of experience in the accounting of business transactions, management of financial systems and budgets, financial reporting, financial data analysis, auditing and taxation.
Knowledge of accounting procedures and practices incommodity trading industry.
3 years experience with commodity trading /shipping preferred.

Key Competencies

Excellent attention to detail with data maintenance and reporting.
Problem identification, analysis and resolution.
Good planning, organisational and time management ability.
Strong communication and inter-personal skills.
Accurate and timely information & task monitoring.
Self-starter with a flexible mind and ability to deal with pressure.
Ability to work well in a diverse team.
Fluent in English as you will dealing with international managers and traders.
Fluency in Mandarin would be advantageous.

Senior Finance Executive