Job Description
Job Description
The Commodity Accountant is responsible for the accurate recording, reconciliation, and reporting of commodity transactions.
• Key Responsibilities:
• Financial Accounting: Record and reconcile commodity purchases, sales, transfers, and related financial transactions.
• Ensure accurate and timely journal entries for physical and financial commodity trades.
Reconciliations:
• Reconcile and monitor trading positions, trade costings, futures and options, foreign exchange and P&L with trading desks in accordance with internal processes.
• Investigate and resolve discrepancies in transactional data, trade P&L, and general ledger balances.
Valuation and Reporting:
• Monitor weekly mark-to-market valuations and report on trading profit and loss.
• Assist in monthly/quarterly/annual closing processes, including valuation of inventory and open positions.
• Calculate and report monthly commodity margins, P&L statements, and inventory valuations.
• Support financial close processes, including accruals, reconciliations, and variance analysis.
• Prepare reports for internal stakeholders and regulatory agencies as required.
About This Role
This role supports trading, operations, and finance functions to ensure timely and correct accounting of commodity movements, valuations, and settlements in compliance with internal controls and external regulations.
Requirements
• Education: Bachelor's degree in accounting, Finance, or related field.
• CA or equivalent professional certification (preferred).
• Experience: 2–5 years of accounting experience, ideally in commodities, energy, or trading environments.
• Experience with ERP systems and commodity trading systems.
Skills and Qualifications
• Strong knowledge of accounting principles and financial reporting.
• Analytical mindset and attention to detail.
• Proficient in Microsoft Excel; familiarity with data analysis tools is a plus.
• Strong communication and interpersonal skills.
Work Environment
• Typically, office-based but may involve occasional travel.
• Fast-paced environment with tight deadlines, especially during financial close cycles.
The Commodity Accountant is responsible for the accurate recording, reconciliation, and reporting of commodity transactions.
• Key Responsibilities:
• Financial Accounting: Record and reconcile commodity purchases, sales, transfers, and related financial transactions.
• Ensure accurate and timely journal entries for physical and financial commodity trades.
Reconciliations:
• Reconcile and monitor trading positions, trade costings, futures and options, foreign exchange and P&L with trading desks in accordance with internal processes.
• Investigate and resolve discrepancies in transactional data, trade P&L, and general ledger balances.
Valuation and Reporting:
• Monitor weekly mark-to-market valuations and report on trading profit and loss.
• Assist in monthly/quarterly/annual closing processes, including valuation of inventory and open positions.
• Calculate and report monthly commodity margins, P&L statements, and inventory valuations.
• Support financial close processes, including accruals, reconciliations, and variance analysis.
• Prepare reports for internal stakeholders and regulatory agencies as required.
About This Role
This role supports trading, operations, and finance functions to ensure timely and correct accounting of commodity movements, valuations, and settlements in compliance with internal controls and external regulations.
Requirements
• Education: Bachelor's degree in accounting, Finance, or related field.
• CA or equivalent professional certification (preferred).
• Experience: 2–5 years of accounting experience, ideally in commodities, energy, or trading environments.
• Experience with ERP systems and commodity trading systems.
Skills and Qualifications
• Strong knowledge of accounting principles and financial reporting.
• Analytical mindset and attention to detail.
• Proficient in Microsoft Excel; familiarity with data analysis tools is a plus.
• Strong communication and interpersonal skills.
Work Environment
• Typically, office-based but may involve occasional travel.
• Fast-paced environment with tight deadlines, especially during financial close cycles.
💡 Quick Summary
Seeking a career-building opportunity? The Commodity Transaction Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Kolkata offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
