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Financial Control Officer

BxT Trading
Dubai, UAE
Full Time
Senior
2 weeks ago
Financial ControlTrade AccountingReconciliationFinancial ReportingFinancial AnalysisIFRS
Free

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Financial ControlTrade AccountingReconciliation
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Role Purpose

  • BxT Trading is seeking a Financial Control Officer to strengthen the finance control function in a growing refined products trading business.
  • The role is primarily focused on financial control, trade accounting, reconciliations, financial reporting, financial analysis, audit readiness and process documentation.
  • A key part of the role will be supporting reconciliation between Middle Office P&L, Accounting P&L and the general ledger.
  • The role will also provide limited support to back office activities where required.

Key Responsibilities

  • Support the Financial Controller with monthly, quarterly and year end close activities.
  • Prepare and review journals, accruals, prepayments and supporting accounting schedules.
  • Prepare and maintain balance sheet reconciliations, including bank, intercompany, trade receivables, trade payables, broker, clearing and other control accounts.
  • Support the preparation of monthly management accounts and financial reporting packs.
  • Assist with working capital, cash flow and liquidity reporting.
  • Support VAT/tax and other statutory or regulatory reporting requirements where applicable.
  • Maintain clear and complete accounting documentation to support internal review and external audit.
  • Support accurate accounting for physical and derivative trading activity.
  • Assist with accounting analysis for physical cargoes, derivatives, freight, demurrage, premiums, financing costs, accruals and timing differences.
  • Support the Financial Controller and CFO on technical accounting matters.
  • Prepare accounting memos and supporting documentation for material or judgmental accounting areas.
  • Support the application of IFRS or equivalent accounting standards to the company's trading activities.

Required Experience

  • Approximately 7 10 years of experience in financial control, accounting, audit, product control, trade accounting, back office support or financial analysis.
  • Qualified accountant with strong technical accounting knowledge.
  • Prior experience in commodities trading, energy trading, oil and refined products trading, shipping or physical trading businesses is strongly preferred.
  • Strong experience in month end close, balance sheet reconciliations, management reporting, audit support and financial control documentation.
  • Experience with trade accounting, including physical cargoes, derivatives, freight, demurrage, premiums, accruals, timing differences and trading related costs.
  • Experience preparing financial analysis, variance analysis, P&L analysis, working capital analysis, cash flow analysis or management reporting.
  • Understanding of back office processes for paper derivatives would be advantageous.
  • Experience working in a lean or fast growing environment where processes, controls and reporting frameworks are still being developed.
  • Ability to operate hands on while also improving processes, documentation, reporting quality and control discipline.

Qualifications and Skills

  • Qualified accountant required: ACA, ACCA, CIMA, CPA or equivalent.
  • Good knowledge of IFRS or equivalent accounting standards.
  • Strong Excel and financial analysis skills.
  • Experience with accounting systems, trading systems, treasury platforms, broker portals or ERP systems would be advantageous.
  • Strong analytical and problem solving skills.
  • Good written and verbal communication skills.
  • Ability to work with detail while understanding the wider business context.

Key Attributes

  • Strong ownership mindset.
  • High attention to detail.
  • Practical and hands on approach.
  • Comfortable working across finance, control, trade accounting and back office processes.
  • Able to work constructively with senior and junior stakeholders.
  • Good judgment and ability to escalate issues early.
  • Organised, reliable and deadline driven.
  • High integrity and discretion.
  • Willingness to support both routine control work and ad hoc business needs.

Success Measures

  • Improved quality and timeliness of financial close support.
  • Stronger balance sheet reconciliations and accounting documentation.
  • Clear reconciliation between Middle Office P&L, Accounting P&L and general ledger reporting.
  • Timely identification and resolution of P&L breaks, valuation differences, accrual issues and accounting adjustments.
  • Improved documentation and substantiation of trading P&L for management reporting, audit and shareholder review.
  • Reduced key person dependency within the finance control function.
  • Better linkage between trading activity, back office records and accounting outputs.
  • Improved audit readiness and control evidence.
  • Effective limited support to back office without diluting the primary financial control focus.

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