Derivative Accountant

The Role

Scope:

• Preparing IFRS-compliant derivatives accounting entries by applying accounting rules, to fair value and then report future commodity transactions.
• Production of the associated analysis, commentary and year-end disclosures.
• Operating important controls when preparing the results and do first line analysis of key drivers. .
• Over time you will gain understanding of the key IFRS accounting principles underpinning derivatives.
• You’ll learn that there can be material differences between Market Risk valuations (Fair economic value) and the accounting valuation – that’s why it’s vital that you can forge effective working relationships with Market Risk teams;
• Outside the closing periods you will support Europe Gas Settlement team in daily billing activities.

Requirements

• A qualified accountant (5 to 6 years), you’ve acquired good finance experience (including accounting & reporting) either in a commodity trading environment or with an accounting practice or other large corporate.
• Candidates with prior derivative accounting experience would be at an advantage.
• Strong knowledge of MS Excel
• You should be comfortable working with different systems and prior experience with the trading system such as Aligne, Endur, or DEX will be an advantage
• Able to link an underlying process and set of activities to broader accounting concepts and able to understand “why” activities are needed; not just the “what”
• Able to apply some judgement and make practical recommendations taking into account (amongst other factors), data availability, systems, time etc
• Strong communications skills including the ability to relate concepts clearly when dealing with senior stakeholders and management
• Able to work as part of a virtual global team, bringing a positive and proactive approach to managing and solving problems.
• The role needs good attention to detail and an enquiring mindset; being on alert for new trades, for changes in the way they are entered and continually asking “does this make sense”.

Other

• Roles supporting UK, to follow UK timezones. Outside of period close, there may be more flexibility to work local hours

Disclaimer:

Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.

For further information, and to apply, please visit our website via the “Apply” button below.