Finance Analyst

Petroineos Trading Limited; Greater London; On-site; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Private Medical

Dental

Travel Insurance

Life Assurance

Gym Allowance

Contributory Pension

25 days annual leave

Discretionary Bonus

Job summary

Petroineos Trading Limited invites applications for a Finance Analyst role based in London. This 12-month fixed-term position focuses on day-to-day financial operations and trading accounting across multiple business lines.

You will work with Product Control and Front Office Operations to explain P&L differences and ensure correct accounting treatment. The role involves reconciliations, ongoing audits, and leading the annual statutory report, with involvement in IT projects to automate month-end

Qualifications

• Degree in Accounting/Finance or equivalent.
• Qualified CIMA/ACCA/ACA or equivalent.
• Strong trading accounting skills (at least 3 years).
• Experience in Oil & Gas Industry.
• Experience of accounting for trading activities within Oil & Gas Industry.
• Proficient in SAP skills, Microsoft Excel (complex formulas/macros). Power BI desirable.
• Knowledge of ETRM systems (Endur/EOS/Pioneer/Symphony) desirable.

Responsibilities

• Prepare monthly trading margin results for Crude Oil, Refined Products, Petrochemicals and Biofuels in line with IFRS 9/13/15 and IAS2.
• Explain breaks between Risk P&L and Accounting P&L and assess accounting judgments.
• Coordinate with Settlements to post invoices in SAP and reconcile MI/MA differences.
• Prepare monthly broker exchange reconciliations and liaise with Derivative operations.
• Prepare and present monthly balance sheet reconciliations for Petroineos Trading Limited.
• Support external year-end and interim audits; lead annual statutory report and audit.
• Participate in IT projects to automate month-end reporting processes.
• Perform ad hoc analyses and other duties.

Skills

Trading accounting skills

Strong analytical skills

Interpersonal and communication skills

Ability to multitask

Extended hours during month-end

Education

Accounting/Finance degree

CIMA/ACCA/ACA or equivalent

Tools

SAP

Microsoft Excel (complex formulas/macros)

Power BI

ETRM systems (Endur/EOS/Pioneer/Symphony)

Job description

The Finance Analyst will play a key role in the day to day financial operations of the business. This is a 12-month fixed-term position, based in our London office.

Key Responsibilities

• Prepare the monthly trading margin result for the Crude Oil, Refined Products, Petrochemicals and Biofuels businesses in accordance with IFRS 9, IFRS 13, IFRS 15 and IAS2.
• Work closely with Product Control team and Front Office Operations to identify and explain the breaks between the Risk P&L (MI) and Accounting P&L (MA) and make accounting judgements on whether they meet the accounting standard to be included in the Accounting P&L.
• Work closely with Settlements team to ensure accurate and timely posting of primary invoices and secondary cost invoices in SAP and to reconcile MI/MA differences.
• Prepare the monthly broker exchange reconciliations for the Petroineos Trading Limited entity and liaise with Derivative operations team to explain differences between ledger balance and exchange balance.
• Prepare and present the 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.

Skills, Knowledge & Expertise

• Degree in Accounting/Finance or equivalent
• Qualified CIMA/ACCA/ACA or equivalent
• Strong trading accounting skills (at least 3 years)
• Experience in Oil & Gas Industry
• Experience of accounting for trading activities within Oil & Gas Industry
• Proficient in SAP skills, Microsoft Office Excel (prepare complex formulas and use of macros). Use and knowledge of Power BI would be highly desirable
• Knowledge of ETRM systems would be highly desirable, particularly Endur, EOS, Pioneer and Symphony
• Strong analytical skills, ability to multitask and prioritize workload
• Good interpersonal and communication skills
• Energetic, enthusiastic, positive and proactive
• Mandarin speaking is desirable
• Due to Month-End deadlines, the employee may be required to work extended hours during the first week of each month.

Job Benefits

This role offers a competitive salary (commensurate with experience), plus a comprehensive benefits package, including Private Medical, Dental and Travel Insurance cover, Life Assurance, Annual Gym Allowance, Contributory Pension Scheme, 25 days annual leave, Discretionary Bonus, and more. This is a full-time position, with the successful candidate being required to attend the London office 4 days per week.