Senior Middle Office Analyst, Asia

Czarnikow Group; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Czarnikow Group in Singapore seeks an independent control function professional to challenge valuation assumptions, ensure trading data integrity and escalate material valuation, control or reporting concerns. You will validate MTM valuation of physical and derivative positions, review P&L variances, reconcile positions, and support month-end cut-offs with Operations, Accounting and FP&A.

The role requires 5–8 years in Product Control, Middle Office or Valuation Control in commodity trading,

Qualifications

• 5-8 years experience in Product Control, Middle Office, Valuation Control, Risk, or Finance in commodity trading.
• Strong understanding of MTM, pricing curves, valuation adjustments and P&L attribution.
• Good knowledge of physical commodity trading, derivatives, hedging and supply chain/logistics.
• Strong Excel and data analysis capability.
• Ability to identify valuation breaks, explain P&L movements and challenge assumptions.
• Strong attention to detail and ability to work to daily, weekly and month-end deadlines.
• Good stakeholder management skills across Trading, Operations, Risk and Accounting.
• Ability to speak a second language.
• Experience providing guidance, support and supervision to junior team members.

Responsibilities

• Validate MTM valuation of physical and derivative positions using independent market data and pricing curves.
• Challenge traders’ P&L and explain differences between actual results and expected performance.
• Review and validate operational accruals with Operations on a monthly basis.
• Work with Operations and Accounting to support accurate month-end cut-off and inventory valuation.
• Maintain independent oversight of valuation controls across the trade lifecycle.
• Review and challenge valuation assumptions, reserves, model inputs and manual adjustments.
• Produce and/or review daily or weekly trading P&L reporting.
• Analyse P&L variances, including price movements, new trades, operational cost impacts and differences versus expectations.
• Reconcile P&L, derivative positions and inventory on at least a weekly basis, ideally daily.
• Ensure valuation outputs reconcile to the single dataset used by BU Controllers, Accounting, FP&A and STF and Treasury.
• Resolve enquiries from internal stakeholders especially Commercial, Finance teams and Asia Management about P&L reporting and analysis.
• Acting as a communication bridge with Commercial Heads about how their P&L interpretation aligns with what is financially reported in Actuals and vs Budget and Full Year estimates.
• Support reporting to CRO, CFO, Risk Committee BU Controllers and Commercial Team on trading P&L and relevant risk metrics.

Skills

Product Control

Middle Office

Valuation Control

Risk

Finance

Excel

Data Analysis

Tools

Excel

Job description

The role acts as an independent control function responsible for challenging valuation assumptions, ensuring the integrity of trading information and escalating material valuation, control or reporting concerns. The position provides assurance that realised and unrealised trading results are complete, accurate, supportable and aligned with company valuation policies and accounting requirements.

Tasks & Responsibilities

• Validate MTM valuation of physical and derivative positions using independent market data and pricing curves.
• Challenge traders’ P&L and explain differences between actual results and expected performance.
• Review and validate operational accruals with Operations on a monthly basis.
• Work with Operations and
• Accounting to support accurate month-end cut-off and inventory valuation.
• Maintain independent oversight of valuation controls across the trade lifecycle.
• Review and challenge valuation assumptions, reserves, model inputs and manual adjustments.
• Produce and/or review daily or weekly trading P&L reporting.
• Analyse P&L variances, including price movements, new trades, operational cost impacts and differences versus expectations.
• Reconcile P&L, derivative positions and inventory on at least a weekly basis, ideally daily.
• Ensure valuation outputs reconcile to the single dataset used by BU Controllers, Accounting, FP&A and STF and Treasury
• Resolve enquiries from internal stakeholders especially Commercial, Finance teams and Asia Management about P&L reporting and analysis
• Acting as a communication bridge with Commercial Heads about how their P&L interpretation aligns with what is financially reported in Actuals and vs Budget and Full Year estimates
• Support reporting to CRO, CFO, Risk Committee BU Controllers and Commercial Team on trading P&L and relevant risk metrics.

Compliance & Governance

• Identify and escalation valuation issues, unexplained P&L movements, late trade capture, incorrect revenue recognition and period-end reporting concerns.
• Ensure valuation methodologies, pricing curves and market data sources are appropriately documented and approved.
• Escalate valuation breaches, unexplained P&L movements, control weaknesses and policy exceptions.
• Support internal and external audit reviews and provide valuation evidence and supporting documentation.
• Ensure appropriate audit trails exist for all material valuation adjustments and P&L explanations.

Systems & Data

• Participate in Project & Finance transformation process, including but not limited to input of user requirements to Product Team and/or subsequent UAT testing, in order to ensure the new system will support Trade Validation and Valuation Control requirements.
• Provide day-to-day supervision, coaching and technical guidance to Middle Office Analyst.
• Together with BU Controllers, Lead Commercial (Net Revenue) annual Budgeting and FY Estimates processes in accordance with Group guidelines and strategy

Other

• To take responsibility for your performance and to work together to achieve our organisational goals.
• To be fully conversant with the Employee Handbook and supporting policies, including Health & Safety legislation and fire and emergency procedures.
• To comply with any reasonable instruction issued by your manager.

Changes in the business may occasionally require alterations in this job description and these will be agreed with the post holder as appropriate.

About you

We are looking for someone with the following skillset and attributes:

• 5-8 years experience in Product Control, Middle Office, Valuation Control, Risk, or Finance in commodity trading.
• Strong understanding of MTM, pricing curves, valuation adjustments and P&L attribution.
• Good knowledge of physical commodity trading, derivatives, hedging and supply chain/logistics.
• Strong Excel and data analysis capability.
• Ability to identify valuation breaks, explain P&L movements and challenge assumptions.
• Strong attention to detail and ability to work to daily, weekly and month-end deadlines.
• Good stakeholder management skills across Trading, Operations, Risk and Accounting.
• Ability to speak a second language
• Experience providing guidance, support and supervision to junior team members.