Commodities Accounting Specialist

The Commodity Accountant is responsible for the accurate recording, reconciliation, and reporting of commodity transactions. 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.

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.

Collaboration :

Liaise with traders, operations, shipping, risk management, and trade finance teams to ensure alignment on financial data.

Work closely with IT or system support teams on trading system enhancements and data accuracy.

Qualifications :

Education :

Bachelor’s degree in accounting, Finance, or related field.

CA (Qualified)

Experience :

2–5 years of accounting experience, ideally in commodities, energy, or trading environments.

Experience with ERP systems and commodity trading systems.

Skills :

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.