Accountant - Coal Trading

4 weeks ago


Midrand, South Africa Ikwezi Mining (Pty) Ltd Full time
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


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