Derivative Accountant
Vitol | Houston | www.resume-library.com |
Job Description
The Derivative Accountant will join the Paper Ops team and be responsible for reconciling, validating and processing Vitol’s financial trading activity. The primary role is to mitigate risk surrounding Vitol’s cleared financial trading activity.
This entails reconciling exchange traded financial activity to clearing statements, working with Treasury to forecast and settle margin activity, and understanding settlement procedures for financial markets. In this role you will work closely with the Accounting Department in performing monthly duties such as cost control and budget review and booking relevant journal entries.
In addition, you will work closely with the commercial team to support them in trade reconciliation on a daily basis. This role is performing critical daily and monthly controls. Thus, it’s imperative the candidate recognizes this risk and exhibits strong analytical skills and possesses attention to detail to perform the duties as expected.
Specific job duties will include:
Confirming margins daily with FCMs, including using forecasting tools to calculate Variation Margin and monitoring IM requirements
Reconciling Vitol’s cleared paper trades daily to our FCM clearing statements
Reconciling NGX daily trades
Managing trade and position reconciliation for all Securities, Equities and Bonds
Reporting and escalating discrepancies in financial trading activity timely with appropriate follow up
Budgeting, monitoring and invoicing Clearing and Exchange Fees
Invoicing all Futures, Swaps, and Options PNL and Premiums
Processing financial settlements for bilateral financial trading activity
Calculating Futures Accruals and booking monthly journal entries related to financial trading accruals
Analyzing mark to market differences and reporting when necessary
Overseeing the First Trading Day Control in Houston which triggers month end batch reporting
Facilitating Market Access requests and new trader setups on exchanges
Actively seeking process efficiencies and engaging with the team to action them
Providing information for Compliance related requests
Working actively with Treasury in forecasting large payments as they relate to financial positions that physically deliver
Other duties as assigned
The Derivative Accountant will join the Paper Ops team and be responsible for reconciling, validating and processing Vitol’s financial trading activity. The primary role is to mitigate risk surrounding Vitol’s cleared financial trading activity.
This entails reconciling exchange traded financial activity to clearing statements, working with Treasury to forecast and settle margin activity, and understanding settlement procedures for financial markets. In this role you will work closely with the Accounting Department in performing monthly duties such as cost control and budget review and booking relevant journal entries.
In addition, you will work closely with the commercial team to support them in trade reconciliation on a daily basis. This role is performing critical daily and monthly controls. Thus, it’s imperative the candidate recognizes this risk and exhibits strong analytical skills and possesses attention to detail to perform the duties as expected.
Specific job duties will include:
Confirming margins daily with FCMs, including using forecasting tools to calculate Variation Margin and monitoring IM requirements
Reconciling Vitol’s cleared paper trades daily to our FCM clearing statements
Reconciling NGX daily trades
Managing trade and position reconciliation for all Securities, Equities and Bonds
Reporting and escalating discrepancies in financial trading activity timely with appropriate follow up
Budgeting, monitoring and invoicing Clearing and Exchange Fees
Invoicing all Futures, Swaps, and Options PNL and Premiums
Processing financial settlements for bilateral financial trading activity
Calculating Futures Accruals and booking monthly journal entries related to financial trading accruals
Analyzing mark to market differences and reporting when necessary
Overseeing the First Trading Day Control in Houston which triggers month end batch reporting
Facilitating Market Access requests and new trader setups on exchanges
Actively seeking process efficiencies and engaging with the team to action them
Providing information for Compliance related requests
Working actively with Treasury in forecasting large payments as they relate to financial positions that physically deliver
Other duties as assigned
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