Accounting New Business Advisor, Trading

London, Greater London, United Kingdom, United Kingdom
Competitive salary
05 Feb 2023
05 Mar 2023
Approved employers
Approved employer
Job role
Experience level
Qualified accountant
A great introduction to one of the world's largest commodity trading businesses - you'll sharpen your accounting expertise, learn about deal drivers and valuation techniques, and become a valued business partner to diverse decision-makers all over the world.

Where you fit in

Shell's Trading & Supply business is a significant part of the Shell Group, acting as interface between different business units and external customers. It is involved in optimisation and trading for profit and has a strong track record of growth and constantly developing new and innovative deal structures. Trading & Supply is at the forefront of Shell's Powering Progress strategy, supporting Energy Transition with significant activity in renewables, emissions credits, and biofuels, alongside the more traditional gas, LNG, and oil businesses.

What's the role?

You'll be part of a 30+ strong global team (based in London, Singapore, and Houston) which advises on the accounting treatment of new business proposals as well as appraising business performance on an ongoing basis. You'll work collaboratively with stakeholders across finance and the business, be interested in understanding this fast-evolving business and deal drivers and have a hand in how they get implemented and reported. More specifically, your role will include:
  • Supporting business growth through provision of accounting advice on new deals in gas & power and carbon emissions trading and input on how deals are structured and set up in the trading systems
  • Developing new accounting policies and guidance where needed and communicating this across the finance organisation
  • Analysing complex and judgmental areas (e.g., impairments, market liquidity assessment, balance sheet presentation and derivative valuation)
  • Act as the subject matter expert on IFRS derivative accounting standards and apply these to value and account for derivatives in Trading
  • Support for Group led initiatives to implement new accounting standards, analysing the impact on Trading and developing practical application guidance that wider finance team can follow.
  • Identify accounting risks and take proactive steps to address them, including influencing other finance teams and designing new processes and controls.

What we need from you?

A Qualified Accountant, with significant finance experience (including accounting & reporting) either in a commodity trading environment or with an accounting practice or other large corporate.

A thorough knowledge of accounting standards such as financial instruments (IFRS 9 and 7), fair value (IFRS13) and leasing (IFRS16). But the ever-evolving nature of deals means equally important is the ability to identify key deal features and be able to research issues, apply concepts and provided clear written analysis and advise.

Able to handle ambiguity in deal fact pattern and apply judgment as for many deals, there will not be prescriptive policies or IFRS guidance.

Able to work across different multi-disciplinary finance as well as commercial teams, an ability to influence others and to make supportable and actionable recommendations - thus ensuring advice is understood and gets implemented correctly

The successful candidate will also:
  • Bring a positive, proactive approach to managing and solving problems. Collaboration across the team is key, to ensure consistent advice, to learn (and share learnings) and to balance workload across the team.
  • Have a genuine interest in developing a full understanding of end-to-end deal economics and how accounting outcomes might influence the returns or presentation of a deal.
  • Be able to stand ground when presenting accounting recommendations. For instance, persuading the auditor why one treatment is justified over another; or delivering advice that may be unpopular with business stakeholders.

About Shell UK

Shell started operations in the United Kingdom more than 110 years ago. Since then, we have grown into a leading innovative Oil & Energy company that rewards its employees by investing heavily in their careers and learning. Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UK's growing energy demand, whilst using innovative technologies to develop cleaner energy. We are the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy. As well as processing 35% of the gas coming into the UK, we serve more than four million customers at our filling stations each week. Shell employs some 6,400 skilled staff as well as many contractors.

An innovative place to work

There's never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you'll be adding your talent and imagination to a business with the ambition to shape the future - whether by investing in renewables, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part.

An inclusive place to work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are nurturing an inclusive environment - one where you can express your ideas, extend your skills, and reach your potential...
  • We're creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we'll take it from there.
  • We're closing the gender gap - whether that's through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
  • We're striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
  • We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.

A rewarding place to work

Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.

We're huge advocates for career development. We'll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.

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