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- Tasks: Prepare financial reports and support audits in a dynamic energy trading environment.
- Company: Join Petroineos, a leading player in the European energy trading sector since 2011.
- Benefits: Enjoy a competitive salary, potential for remote work, and opportunities for professional growth.
- Why this job: Be part of a crucial finance team, contributing to impactful projects in the oil and gas industry.
- Qualifications: Degree in Accounting/Finance; CIMA/ACCA/ACA qualified with relevant industry experience required.
- Other info: This is a 12-month fixed-term contract with potential for extended hours during month-end.
The predicted salary is between 43200 - 72000 £ per year.
Petroineos comprises trading and refining joint ventures between PetroChina International (London) Company Limited and INEOS. Established in 2011, Petroineos is one of Europe’s leading International Integrated Energy Trading Companies. In addition to third-party trading, Petroineos Trading's key functions include the supply of Crude Oil to Petroineos and PetroChina refineries and the arrangement of the sale and distribution of the various products that are produced from the refineries. Products traded by Petroineos include both Crude Oil and Refined Oil Products.
Reporting to the Accounting and Reporting Manager, the Senior Analyst will play a crucial role in the success of the Finance function. This is an initial 12-month fixed-term contract.
Responsibilities:- Prepare the monthly gross margin result for the Crude Oil, Refined Products, Petrochemicals and Biofuels businesses in accordance with IFRS 9, IFRS 13, IFRS 15 and IAS 2.
- Co-work with Financial Control and Product Control team to prepare the monthly Accounts submissions for the above businesses, taking into account the FinControl identified differences between the Finance P&L (MA) and the Risk P&L (MI), and ensuring the correct accounting outcome.
- Facilitate the preparation of the monthly broker exchange reconciliations for the Petroineos Trading Limited entity and liaise with Derivative operations on differences between ledger balance and exchange balance.
- Prepare monthly balance sheet reconciliations for the Petroineos Trading Limited entity and follow up with relevant teams on outstanding actions.
- Provide support on all aspects of the company’s external year-end audit and interim audit.
- Take the lead on the preparation of Petroineos Trading Limited annual statutory report and statutory audit.
- Participate in IT projects to automate the month-end reporting processes.
- Perform other analysis, ad hoc projects and duties as needed.
- Degree in Accounting/Finance or equivalent.
- Qualified CIMA/ACCA/ACA or equivalent.
- Strong trading accounting skills.
- Relevant demonstrable experience in the Oil and Gas industry.
- Proficient in SAP skills.
- Proficient with Microsoft Office Excel (prepare complex formulas and use of macros).
- Knowledge of Openlink Endur and Plan Logic EOS trading systems would be highly desirable.
- Strong analytical skills.
- Ability to multitask and prioritize workload.
- Good interpersonal and communication skills.
- Enthusiastic and proactive.
Due to Month-End deadlines, the successful candidate may be required to work extended hours during the first week of each month. The successful candidate must have permission to work in the UK by the start of their employment.
Senior Financial Reporting Analyst employer: JR United Kingdom
Contact Detail:
JR United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Financial Reporting Analyst
✨Tip Number 1
Familiarise yourself with IFRS standards, especially IFRS 9, 13, and 15, as these are crucial for the role. Consider brushing up on your knowledge of trading accounting practices specific to the Oil and Gas industry to demonstrate your expertise.
✨Tip Number 2
Network with professionals in the Oil and Gas sector, particularly those who have experience with Petroineos or similar companies. Engaging with industry contacts can provide insights into the company culture and expectations, which can be beneficial during interviews.
✨Tip Number 3
Showcase your proficiency in SAP and Microsoft Excel during discussions. Be prepared to discuss specific examples of how you've used complex formulas or macros in previous roles, as this will highlight your technical skills relevant to the position.
✨Tip Number 4
Prepare to discuss your experience with external audits and statutory reporting. Highlight any past projects where you led similar initiatives, as this will demonstrate your capability to handle the responsibilities outlined in the job description.
We think you need these skills to ace Senior Financial Reporting Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial reporting and the oil and gas industry. Emphasise your qualifications such as CIMA, ACCA, or ACA, and showcase your proficiency in SAP and Excel.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities mentioned in the job description. Explain how your skills and experiences align with the role of Senior Financial Reporting Analyst at Petroineos.
Highlight Relevant Skills: In your application, focus on your strong analytical skills, ability to multitask, and experience with month-end reporting processes. Mention any familiarity with Openlink Endur and Plan Logic EOS trading systems.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A well-presented application reflects your attention to detail, which is crucial for a financial reporting role.
How to prepare for a job interview at JR United Kingdom
✨Know Your IFRS Standards
As a Senior Financial Reporting Analyst, you'll be dealing with various IFRS standards. Brush up on IFRS 9, IFRS 13, IFRS 15, and IAS 2 before your interview. Be prepared to discuss how you've applied these standards in your previous roles.
✨Demonstrate Your Analytical Skills
This role requires strong analytical skills. Prepare examples of how you've used data analysis to solve problems or improve processes in your past positions. Highlight any specific tools or methodologies you used.
✨Familiarise Yourself with SAP and Excel
Proficiency in SAP and advanced Excel skills are crucial for this position. Be ready to discuss your experience with these tools, including any complex formulas or macros you've created. If possible, bring examples of reports you've generated.
✨Show Enthusiasm for the Oil and Gas Industry
Petroineos operates in the Oil and Gas sector, so it's important to convey your interest in this industry. Research current trends and challenges in the sector, and be prepared to discuss how your background aligns with their business needs.
