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- Tasks: Prepare financial reports and support audits in a dynamic energy trading environment.
- Company: Join Petroineos, a leading European energy trading company with a strong market presence.
- Benefits: Enjoy a fixed-term contract with opportunities for professional growth and development.
- Why this job: Be part of a crucial finance team that impacts the energy sector while enhancing your skills.
- Qualifications: Degree in Accounting/Finance; CIMA/ACCA/ACA qualified preferred with relevant industry experience.
- Other info: Proficiency in SAP and Excel is essential; flexibility for month-end deadlines 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.
Person Requirements
- 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.
Other Requirements
- 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: Petroineos Trading Limited
Contact Detail:
Petroineos Trading Limited 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, IFRS 13, and IFRS 15, as these are crucial for the role. Being able to discuss how you've applied these standards in previous roles will demonstrate your expertise.
✨Tip Number 2
Highlight any experience you have with SAP and Microsoft Excel, particularly in creating complex formulas and macros. Be prepared to share specific examples of how you've used these tools to improve reporting processes.
✨Tip Number 3
Showcase your analytical skills by discussing past projects where you've successfully managed multiple tasks under tight deadlines. This will illustrate your ability to thrive in a fast-paced environment like Petroineos.
✨Tip Number 4
If you have experience in the Oil and Gas industry, make sure to emphasise this in your discussions. Understanding the nuances of trading accounting in this sector will set you apart from other candidates.
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. Use specific examples that demonstrate your proficiency with IFRS standards and any relevant software like SAP.
Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities of the Senior Financial Reporting Analyst role. Emphasise your analytical skills, ability to multitask, and any experience with month-end reporting processes.
Highlight Relevant Qualifications: Clearly state your qualifications, such as your degree in Accounting/Finance and any certifications like CIMA, ACCA, or ACA. Mention your proficiency in Microsoft Excel and any experience with trading systems like Openlink Endur.
Show Enthusiasm: In your application, convey your enthusiasm for the role and the company. Mention why you are interested in working for Petroineos and how you can contribute to their success in the energy trading sector.
How to prepare for a job interview at Petroineos Trading Limited
✨Know Your Financial Standards
Familiarise yourself with IFRS 9, IFRS 13, IFRS 15, and IAS 2. Be prepared to discuss how these standards apply to the role and provide examples of how you've implemented them in your previous positions.
✨Demonstrate Industry Knowledge
Showcase your understanding of the Oil and Gas industry, particularly in trading and refining. Discuss any relevant experience you have and how it relates to the responsibilities outlined in the job description.
✨Highlight Technical Skills
Be ready to talk about your proficiency in SAP and Microsoft Excel, especially complex formulas and macros. If you have experience with Openlink Endur or Plan Logic EOS, make sure to mention that as well.
✨Prepare for Scenario Questions
Expect questions that assess your analytical skills and ability to multitask. Prepare examples from your past work where you successfully managed tight deadlines or resolved discrepancies in financial reporting.
