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- Tasks: Join us as a Senior Analyst, preparing financial reports and collaborating with teams for accurate accounting.
- Company: Petroineos is a leading energy trading company, formed by PetroChina and INEOS, since 2011.
- Benefits: Enjoy a fixed-term contract with opportunities for professional growth and development in finance.
- Why this job: Be part of a dynamic team, contribute to impactful projects, and enhance your skills in the energy sector.
- Qualifications: Degree in Accounting/Finance; CIMA/ACCA/ACA qualified; experience in Oil and Gas preferred.
- Other info: Expect extended hours during month-end; must have UK work permission.
The predicted salary is between 48000 - 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 IAS2.
- 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.
Financial Reporting Senior Analyst employer: Petroineos Trading Limited
Contact Detail:
Petroineos Trading Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Reporting Senior Analyst
✨Tip Number 1
Familiarise yourself with IFRS standards, especially IFRS 9, IFRS 13, and IFRS 15, as these are crucial for the role. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to the financial reporting field.
✨Tip Number 2
Highlight any experience you have with SAP and Microsoft Excel, particularly in creating complex formulas and macros. Being proficient in these tools is essential for the role, so be ready to discuss specific examples of how you've used them in past positions.
✨Tip Number 3
Network with professionals in the Oil and Gas industry, especially those who work in financial roles. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the company culture at Petroineos.
✨Tip Number 4
Prepare to discuss your analytical skills and how you've applied them in previous roles. Be ready to provide examples of how you've tackled complex financial problems or improved reporting processes, as this will showcase your suitability for the Senior Analyst position.
We think you need these skills to ace Financial Reporting Senior 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 any specific skills related to trading accounting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention your understanding of IFRS standards and how your previous experience aligns with the responsibilities outlined in the job description.
Highlight Technical Skills: Clearly list your proficiency in SAP and Microsoft Excel, especially your ability to prepare complex formulas and use macros. If you have experience with Openlink Endur or Plan Logic EOS, make sure to include that as well.
Showcase Analytical Abilities: Provide examples in your application that demonstrate your strong analytical skills and your ability to multitask. This could be through specific projects or challenges you've faced in previous roles.
How to prepare for a job interview at Petroineos Trading Limited
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in SAP and Microsoft Excel during the interview. Be prepared to discuss specific examples of how you've used complex formulas or macros in previous roles, as this will demonstrate your capability to handle the technical demands of the position.
✨Understand the Industry
Familiarise yourself with the Oil and Gas industry, particularly the trading aspects relevant to Petroineos. Being able to discuss current trends or challenges in the sector will show your genuine interest and understanding of the business, which can set you apart from other candidates.
✨Prepare for Scenario-Based Questions
Expect questions that assess your analytical skills and ability to multitask. Prepare for scenario-based questions where you might need to explain how you would handle month-end deadlines or reconcile discrepancies between financial reports. This will showcase your problem-solving abilities.
✨Demonstrate Your Interpersonal Skills
Since the role involves co-working with various teams, be ready to discuss your interpersonal and communication skills. Share examples of how you've successfully collaborated with others in past roles, as this will highlight your ability to work effectively within a team environment.
