Derivative Accountant - Houston, United States - Vitol

Vitol

Verified Company

Houston, United States

4 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Company Description

Vitol is a leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon.

From 40 offices worldwide, we seek to add value across the energy supply chain, including deploying our scale and market understanding to help facilitate the energy transition.

To date, we have committed over $2 billion of capital to renewable projects, and are identifying and developing low-carbon opportunities around the world.

Specific job duties will include:

Confirming margins daily with FCMs, including using forecasting tools to calculate Variation Margin and monitoring IM requirements
Reconciling Vitol's cleared paper trades daily to our FCM clearing statements
Reconciling NGX daily trades
Managing trade and position reconciliation for all Securities, Equities and Bonds
Reporting and escalating discrepancies in financial trading activity timely with appropriate follow up
Budgeting, monitoring and invoicing Clearing and Exchange Fees
Invoicing all Futures, Swaps, and Options PNL and Premiums
Processing financial settlements for bilateral financial trading activity
Calculating Futures Accruals and booking monthly journal entries related to financial trading accruals
Analyzing mark to market differences and reporting when necessary
Overseeing the First Trading Day Control in Houston which triggers month end batch reporting
Facilitating Market Access requests and new trader setups on exchanges
Actively seeking process efficiencies and engaging with the team to action them
Providing information for Compliance related requests
Working actively with Treasury in forecasting large payments as they relate to financial positions that physically deliver
Other duties as assigned

Qualifications

Bachelor's degree in Accounting, Finance, Business, or a related field
2 or more years of experience in financial trading reconciliation and analysis
Experience in Accounting, Finance, or Auditing also desired
Familiarity and experience with general accounting concepts and journal entries
Attention to detail
Organizational skills
Strong communication skills, both internally within the team and externally
Sense of ownership and responsibility

Additional Information

Be curious, creative and up for a challenge
Be organized and deadline sensitive
Have a genuine desire to build relationships across a global business
Be comfortable undertaking new concepts and ideas associated with a fastpaced, dynamic business
Have strong quantitative, analytical and critical thinking skills
Continually assess, challenge and improve processes
Have a strong sense of accountability and ownership of key deliverables
Be an open communicator who is eager to share and receive information
Earn the trust of others by continuously demonstrating the ability to followthrough

Work Environment

This job operates in a professional office environment. Because of the collaborative, fastpaced, and high energy nature of our business, Vitol requires team members to work from our fullyequipped office
All your information will be kept confidential according to EEO guidelines._