Trade Accountant

Job highlights

• Full time
• Baar, Zug, Switzerland
• Trade Accounting

We are looking for a motivated and eager candidate with a keen interest in the commodity trading and derivative environment to join the Finance Back Office team.

The main tasks and responsibilities include:

Period close

• Execute the month end trade accounting close per profit center based on International Financial Reporting Standards ‘IFRS’
• Review the department’s trial balance for IFRS technical compliance
• Prepare detailed monthly IFRS P/L and working capital reporting
• Reconcile the middle office and trade accounting month end P/L’s and document and explain any breaks
• Review and reconcile department SG&A/overhead reporting
• Review and reconcile department management reporting
• Support regional offices with technical accounting issues during period close

Intra period close

• In collaboration with the Middle Office, remedy processes leading to prior month P/L reconciliation breaks
• Support the front and middle office including corporate teams with the preparation of ad-hoc departmental financial reports and analysis
• Coordinate the department’s external audit, internal audit and financial governance processes
• Execute departmental financial governance testing
• Maintain professional and technical accounting, finance and controls knowledge
• Review and control the department’s application access and segregation of duties

Structure deals

• In collaboration with the Middle Office, conclude on and document the IFRS accounting treatment for new structured deals in advance of execution

Price curve modelling

• Validate the IFRS compliance of Middle Office price curves

Projects

• Automate manual journal entries to ensure straight through processing to the general ledger
• Review and control the calibration of system generated journal entries
• In collaboration with other trade accounting teams, identify and implement accounting best practice including processes and internal controls

Qualifications and requirements:

• Background in Accounting with three to five years of trade accounting experience in a commodity trading or financial institution
• Chartered Accounting qualification (CA/CPA/ACCA)
• Working knowledge of commodity trading systems and ERP integration
• Working knowledge of ERP’s, especially SAP FI/Co and BW
• Advanced knowledge of MS Office tools, especially Excel
• Advanced English language ability, both written and spoken
• Keen interest in trading, derivatives, business process automation, internal control, efficiency and improvement

The ideal candidate is:

• Adaptable, dynamic and organised with a positive and enthusiastic attitude
• Good communicators, that interact well within a team and actively manage expectations
• Take initiative in resolving issues in a structured methodical manner
• Have a high sense of responsibility and ownership, and are attentive to detail, in a fast-moving environment

Benefits

• We are committed to providing benefits, which promote mental, physical, and financial well-being. From healthy meal options in our restaurants and bistros to free use of the in-house gym including sport classes with professional trainers.
• We reimburse public transport for commuting to work; alternatively, we offer free parking space.
• We provide tuition assistance for further education and training courses.
• We have a competitive parental leave policy. Our childcare benefits also include emergency childcare services and financial assistance towards daycare costs.
• Employees’ Swiss Pension 2nd pillar is fully paid by Glencore.

Who we are

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.

With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.

Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.

We will support the global effort to achieve the goals of the Paris Agreement through our efforts to decarbonise our own operational footprint. We believe that we should take a holistic approach and have considered our commitment through the lens of our global industrial emissions. Against a restated 2019 baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions by 15% by the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions by the end of 2050, subject to a supportive policy environment. For more information see our 2024-2026 Climate Action Transition Plan and the About our emissions calculation and reporting section in our 2023 Annual Report, available on our website at glencore.com/publications.