Accountant - Coal Trading

Key Responsibilities: Financial Reporting: Prepare and maintain accurate financial records related to coal mining and coal trading transactions Generate monthly, quarterly, and annual financial statements specific to trading activities Reconcile trading revenue and expense accounts Costing and Margin Analysis: Track costs related to coal procurement, shipping, storage, and trading Analyze trading margins and profitability for individual contracts or deals Develop financial models to support pricing decision Budgeting and Forecasting: Assist in preparing budgets and forecasts for trading operations Monitor budget vs. actual performance and provide variance analysis Transaction Management: Monitor and record coal purchase and sale agreements, ensuring proper financial documentation Manage invoices, accounts payable, and receivable for trading operations Work closely with logistics and operations teams to reconcile trade volumes and costs Risk Management and Compliance: Ensure adherence to financial regulations, tax laws, and trade-specific policies Monitor exchange rate fluctuations, commodity price movements, and other financial risks Support internal and external audit Inventory and Stock Valuation: Maintain accurate records of coal inventory, including valuation and stock adjustments Coordinate with warehouse and supply chain teams to reconcile physical stock with records Taxation and Regulatory Reporting: Handle tax filings related to coal imports, exports, and domestic trading Ensure compliance with government and industry-specific reporting requirements Minimum Requirements: Bachelors degree in Accounting, Finance, or a related field (CPA/CA certification preferred) Minimum of 5 years accounting experience in coal mining is mandatory Familiarity with commodity trading practices, documentation, and regulations Proficiency in ERP systems (SAP,) and trading-specific tools. Advanced MS Excel skills are essential Strong analytical and problem-solving skills High attention to detail and accuracy in financial reporting Excellent communication and negotiation skills Understanding of coal market dynamics and pricing trends Ability to work under pressure and meet strict deadlines

Location: Midrand, ZA

Posted Date: 12/22/2024