Derivative Accountant

Job Description

The Derivative Accountant will join the Paper Ops team and be responsible for reconciling, validating and processing Vitol’s financial trading activity. The primary role is to mitigate risk surrounding Vitol’s cleared financial trading activity. This entails reconciling exchange traded financial activity to clearing statements, working with Treasury to forecast and settle margin activity, and understanding settlement procedures for financial markets. In this role you will work closely with the Accounting Department in performing monthly duties such as cost control and budget review and booking relevant journal entries. In addition, you will work closely with the commercial team to support them in trade reconciliation on a daily basis. This role is performing critical daily and monthly controls. Thus, it’s imperative the candidate recognizes this risk and exhibits strong analytical skills and possesses attention to detail to perform the duties as expected.

Specific job duties will include:

Confirming margins daily with FCMs, including using forecasting tools to calculate Variation Margin and monitoring IM requirements

Reconciling Vitol’s cleared paper trades daily to our FCM clearing statements

Reconciling NGX daily trades

Managing trade and position reconciliation for all Securities, Equities and Bonds

Reporting and escalating discrepancies in financial trading activity timely with appropriate follow up

Budgeting, monitoring and invoicing Clearing and Exchange Fees

Invoicing all Futures, Swaps, and Options PNL and Premiums

Processing financial settlements for bilateral financial trading activity

Calculating Futures Accruals and booking monthly journal entries related to financial trading accruals

Analyzing mark to market differences and reporting when necessary

Overseeing the First Trading Day Control in Houston which triggers month end batch reporting

Facilitating Market Access requests and new trader setups on exchanges

Actively seeking process efficiencies and engaging with the team to action them

Providing information for Compliance related requests

Working actively with Treasury in forecasting large payments as they relate to financial positions that physically deliver

Other duties as assigned

Qualifications:
Qualifications

Bachelor’s degree in Accounting, Finance, Business, or a related field

2 or more years of experience in financial trading reconciliation and analysis

Experience in Accounting, Finance, or Auditing also desired

Familiarity and experience with general accounting concepts and journal entries

Attention to detail

Organizational skills

Strong communication skills, both internally within the team and externally

Sense of ownership and responsibility

Additional Information

Successful candidates will:

Be curious, creative and up for a challenge

Be organized and deadline sensitive

Have a genuine desire to build relationships across a global business

Be comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic business

Have strong quantitative, analytical and critical thinking skills

Continually assess, challenge and improve processes

Have a strong sense of accountability and ownership of key deliverables

Be an open communicator who is eager to share and receive information

Earn the trust of others by continuously demonstrating the ability to follow-through

Work Environment

This job operates in a professional office environment. Because of the collaborative, fast-paced, and high energy nature of our business, Vitol requires team members to work from our fully-equipped office

All your information will be kept confidential according to EEO guidelines.

Qualifications

* Bachelor’s degree in Accounting, Finance, Business, or a related field
* 2 or more years of experience in financial trading reconciliation and analysis
* Experience in Accounting, Finance, or Auditing also desired
* Familiarity and experience with general accounting concepts and journal entries
* Attention to detail
* Organizational skills
* Strong communication skills, both internally within the team and externally
* Sense of ownership and responsibility

Additional Information

Successful candidates will:

* Be curious, creative and up for a challenge
* Be organized and deadline sensitive
* Have a genuine desire to build relationships across a global business
* Be comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic business
* Have strong quantitative, analytical and critical thinking skills
* Continually assess, challenge and improve processes
* Have a strong sense of accountability and ownership of key deliverables
* Be an open communicator who is eager to share and receive information
* Earn the trust of others by continuously demonstrating the ability to follow-through

Work Environment

* This job operates in a professional office environment. Because of the collaborative, fast-paced, and high energy nature of our business, Vitol requires team members to work from our fully-equipped office

_All your information will be kept confidential according to EEO guidelines._

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