Trade Accountant

B.B. Energy; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading energy trading company in Singapore seeks a proactive Trade Accountant to manage all trading desk accounts. This role includes ensuring timely financial reporting, managing intercompany reconciliations, and preparing tax computations. The ideal candidate will have over 5 years of experience in trade accounting and strong knowledge of IFRS. A competitive salary and benefits package is offered, along with a dynamic work environment in the energy sector.

Benefits

Competitive salary and benefits package

Flat management structure

Dynamic work environment

Qualifications

• 5+ years of experience in energy and oil & gas commodity trading or relevant audit roles.
• Strong understanding of full desk accounting and commodity trading lifecycle.
• Strong knowledge of IFRS and financial reporting requirements.

Responsibilities

• Own end-to-end accounting for all trading desks.
• Perform cargo posting for physical trades.
• Prepare withholding tax computations.

Skills

Attention to detail

Analytical skills

Problem-solving skills

Education

Degree in Accounting; CA/CPA/ACCA preferred

Tools

Microsoft Excel

Microsoft Dynamics

Job description

The Company

BB Energy has a legacy spanning more than six decades. Today, the Group provides expertise across energy trading, operations, logistics, storage and retail. Our diversified portfolio cuts across many segments of the energy industry from trading crude oil and petroleum products to natural gas and renewables. With global operations anchored out of five hub offices in London, Dubai, Singapore, Houston and Athens, BB Energy has a global network of nearly 500 employees in a dozen offices across five continents. Growth and diversification remain cornerstones of BB Energy's business strategy as it supports an energy ecosystem capable of delivering affordable, secure, and increasingly clean energy to the societies that need it most.

For our office in Singapore, we are looking for a proactive and detail-oriented Accountant to join our Accounting & Controlling Team. This role will be responsible for the full spectrum of accounting and financial reporting for several investment holding entities, as well as supporting critical financial processes for our main trading entity. The ideal candidate will have strong technical accounting skills, ability to manage audit processes, and a solid grasp of accounting for trading operations and investment holding entities.

Why Join Us?

• We are a fast growing business in one of the most dynamic markets.
• Our team includes some of the leading experts in this field.
• We have a strong entrepreneurial spirit
• We are a well established business with a strong heritage and track record of success globally.
• We have a flat management structure and open management style - all voices heard and all voices count.
• Competitive salary and benefits package offered.

Job Summary

We are seeking a proactive and detail-oriented Trade Accountant to join our Finance team within an energy and oil & gas commodity trading environment. This role will be responsible for full desk accounting across all trading desks including intercompany reconciliations, tax and audit support. The ideal candidate will have a strong understanding of commodity trading operations, and the ability to work closely with front and middle office teams to ensure accurate, timely and compliant financial reporting.

Key Responsibilities

Full Desk Accounting – Trading Desks

• Own end-to-end accounting for all trading desks, ensuring accurate financial reporting
• Perform cargo posting for physical trades including inventory recognition and booking of trade-related accruals
• Ensure accurate and timely booking of all paper trade transactions for the trading entity.
• Ensure all trade accounting entries are recorded in compliance with Group accounting policies and applicable accounting standards (IFRS).
• Assist with desk-level P&L reconciliation between accounting and risk systems, investing and explaining variances in coordination with Middle Office teams.

Intercompany Reconciliation and Transfer Pricing

• Perform monthly reconciliation of intercompany balances and transactions with group entities, ensuring accuracy and timely resolution of differences.
• Perform the transfer pricing exercise with group entities including preparation of transfer pricing calculations and workings, booking of transfer pricing adjustments and ensuring alignment with Group transfer pricing policies and documentation.

Tax Support

• Prepare withholding tax (WHT) computations and supporting schedules for filing.
• Assist in the preparation of tax computation workings and respond to queries from external tax advisors.
• Liaise with internal tax teams and external tax advisors to resolve tax-related queries and ensure compliance.

Financial Reporting & Audit Support

• Prepare balance sheet schedules and supporting documentation for the trading entity, ensuring completeness, accuracy, and audit readiness.
• Support the preparation of financial reporting package for the trading entity in accordance with Group reporting requirements.
• Assist with the re-quantification and reassessment of leases in accordance with applicable lease accounting standards when required.
• Provide support during external audits, including preparation of audit schedules, provision of supporting documents, and timely responses to audit queries.

Additional Responsibilities

• Assist in ad hoc projects and work, including system enhancements and process automation.
• Any other tasks or responsibilities as assigned

Requirements

• Degree in Accounting; CA/CPA/ACCA qualifications is preferred
• 5+ years of experience in energy and oil & gas commodity trading, trade accounting or relevant audit roles
• Strong understanding of full desk accounting and commodity trading lifecycle
• Strong knowledge of IFRS and financial reporting requirements
• High attention to detail with strong analytical and problem-solving skills
• Proficiency in accounting system and Microsoft Excel.
• Experience with Microsoft Dynamics is preferred
• Ability to work independently and collaboratively in fast-paced environment