Junior SAFEX Accountant

Found in: Talent ZA C2 - 3 weeks ago


Stellenbosch, South Africa Helen Wilson Recruitment Full time

Western Cape
Base Salary + Benefits

JOB DESCRIPTION

This is a very hands-on, high visibility role and will require intensive commitment.
Incumbent will be required to be involve in a wide variety of tasks which will vary from routine capturing and daily PNL reporting to FX hedging and accounting.

Essential Requirements for consideration:

  • Relevant Bachelor’s degree or studying towards degree with 1 year’s work experience in a SAFEX environment (Agri Commodity Trading)

Education and Experience

  • Preference will be given to individuals with exposure to the grain industry
  • Knowledge of accepted accounting practices and principles

Main Responsibilities

  • Daily Pnl
  • Compile daily trade Pnl.
  • Review position and market price to ensure accuracy of Pnl.
  • Prepare supporting schedules according to monthly close schedule.
  • Prepare Commercial Reports
  • Ensure accurate recording and analysis of transactions.
  • Perform daily and monthly reconciliations between the PNL and general ledger.
  • Brokers
  • Entering of daily SAFEX trades into front office trading system
  • Review, Analise & Reconcile Brokers Accounts
  • Posting of Monthly Journals
  • Prepare supporting schedules according to monthly close schedule.
  • Prepare Commercial Reports
  • FX
  • Involvement in calculating FX position, Pnl and exposure.
  • Send instructions to FX desk to book trades.
  • Reconcile trades between central FX system and front office trading system.
  • Balance sheet reconciliations
  • Payment review and approval
  • Data validation and integrity
  • Preparation for internal and external audits
  • Execute usual accounting functions, which include operating the general ledger system and month-end close responsibilities.
  • Ad hoc duties as required

If you have not received any feedback from us within 5 working days please consider your application unsuccessful.

**By sending your CV along with other additional documents you give consent to HWR to process and retain your personal information for the current opportunity as well as for future opportunities**


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