Chief accountant -Steel Trading

Chief accountant -Steel Trading


    Job Summary: As the Chief Accountant, you will be responsible for overseeing and managing all financial activities within our steel trading company. You will play a vital role in ensuring accurate financial reporting, compliance with accounting standards, effective financial management, and expertise in handling Letter of Credits (LC). This is a senior-level position that requires strong leadership skills, extensive knowledge of accounting principles, and a minimum of 5 years of experience as a Chief Accountant or Accounting Manager in a trading company.

    Key Responsibilities:

    1. Financial Management:
      • Develop and implement financial policies, procedures, and internal controls to safeguard company assets and ensure compliance with accounting standards.
      • Manage the day-to-day financial operations, including accounts payable and receivable, general ledger, payroll, and tax compliance.
      • Monitor cash flow, prepare cash flow forecasts, and manage banking relationships.
      • Oversee budgeting and forecasting processes, providing accurate financial information to support business decision-making.
    2. Financial Reporting and Analysis:
      • Prepare and present timely and accurate financial statements, including income statements, balance sheets, and cash flow statements.
      • Conduct variance analysis and provide insights on financial performance to senior management.
      • Coordinate and ensure the timely completion of audits, tax filings, and other statutory reporting requirements.
      • Implement and maintain a comprehensive system of financial reporting, ensuring compliance with relevant laws, regulations, and accounting principles.
    3. Expertise in Letter of Credits:
      • Demonstrate a high level of expertise and know-how in handling Letter of Credits (LC) in the context of steel trading operations.
      • Collaborate closely with the trading team to review LC terms, documents, and related financial aspects.
      • Ensure compliance with LC requirements and coordinate with banks and relevant stakeholders for LC-related matters.
      • Provide guidance and support to the team in managing LC transactions, documentation, and reconciliation.
    4. Team Leadership and Development:
      • Lead a team of accountants and finance professionals, providing guidance, mentorship, and performance management.
      • Foster a collaborative and high-performing work environment, encouraging continuous learning and professional development.
      • Coordinate with other departments to facilitate cross-functional collaboration and achieve organizational goals.
    5. Compliance and Risk Management:
      • Stay updated on changes in accounting regulations and ensure compliance with relevant laws and standards.
      • Identify and mitigate financial risks, proposing and implementing appropriate controls.
      • Collaborate with internal and external stakeholders, such as auditors and regulatory authorities, to address compliance and risk-related matters.

    Qualifications and Requirements:

    • Bachelor’s degree in Accounting, Finance, or a related field.
    • Minimum of 5 years of experience as a Chief Accountant or Accounting Manager in a trading company, with a strong understanding of  trading operations.
    • Extensive knowledge of accounting principles, financial management, and regulatory requirements.
    • High expertise and know-how in handling Letter of Credits (LC) within the steel trading industry.
    • Proficiency in using accounting software and advanced MS Excel skills.
    • Excellent analytical and problem-solving abilities, with keen attention to detail.
    • Exceptional leadership skills, with the ability to inspire and motivate a team.
    • Strong communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels.

    Job Details

    • Offered Salary:
    • Career Level:
    • Experience:
      5-8 years
    • Gender:
      No preference
    • Qualification:
      Master degree

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