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- Tasks: Join us as a Senior Financial and Reporting Analyst, handling monthly gross margin results and audits.
- Company: Petroineos is a leading energy trading company, formed by PetroChina and INEOS in 2011.
- Benefits: Enjoy a fixed-term contract with opportunities for professional growth and development.
- Why this job: Be part of a dynamic team, contributing to impactful financial processes in the energy sector.
- Qualifications: Degree in Accounting/Finance; CIMA/ACCA/ACA qualified; experience in Oil and Gas preferred.
- Other info: Must be ready for extended hours during month-end; UK work permission required.
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.
Senior Financial and Reporting Analyst employer: Petroineos Trading Limited
Contact Detail:
Petroineos Trading Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Financial and Reporting 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 standards expected at Petroineos.
✨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 Senior Financial and Reporting Analyst position, so be ready to discuss specific examples of how you've used them in past roles.
✨Tip Number 3
Showcase your analytical skills by preparing to discuss past projects where you successfully managed multiple tasks under tight deadlines. This will illustrate your ability to multitask and prioritise, which is vital given the month-end reporting requirements.
✨Tip Number 4
Network with professionals in the Oil and Gas industry, especially those with experience in trading accounting. Engaging with industry contacts can provide valuable insights and potentially lead to referrals, increasing your chances of landing the job with us at StudySmarter.
We think you need these skills to ace Senior Financial and Reporting Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounting and finance, particularly in 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 and Reporting Analyst at Petroineos.
Highlight Analytical Skills: In your application, provide examples of how you've used your analytical skills in previous roles. Mention any specific projects where you automated reporting processes or improved financial outcomes.
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 analyst role.
How to prepare for a job interview at Petroineos Trading Limited
✨Showcase Your Financial Acumen
Make sure to highlight your understanding of IFRS standards, especially IFRS 9, IFRS 13, and IFRS 15. Be prepared to discuss how you've applied these in previous roles, particularly in relation to trading accounting within the Oil and Gas industry.
✨Demonstrate Analytical Skills
Prepare examples that showcase your strong analytical skills. Discuss specific instances where you successfully analysed financial data or resolved discrepancies, particularly in a trading context.
✨Familiarise Yourself with Relevant Software
Brush up on your SAP skills and be ready to discuss your proficiency with Microsoft Excel, including complex formulas and macros. If you have experience with Openlink Endur or Plan Logic EOS, make sure to mention it.
✨Emphasise Team Collaboration
Since the role involves co-working with various teams, prepare to talk about your experience in collaborative environments. Highlight how you've effectively communicated and worked with others to achieve common goals, especially during month-end processes.
