Vitol

Energy

Accountant

$245–390k ~AI est. Shanghai, Shanghai, China FULL TIME
Market Sentiment
HIGH DEMAND

Neural analysis suggests this role is
optimal for executive candidates.

The Brief

“Accountant at Vitol. Skills: Trade P&L, Accounting, Financial Reporting, Compliance. Own month-end close process. Review Trade P&L”

Industry & Context.

Energy
Problems you'll solve

Ambiguous problems

Eligibility Requirements

High-pressure trading environment

What They're Looking For.

Must Have

Bachelor's degree or above, 5-8 years of experience in accounting

Nice to Have

CPA License is preferred, Group reporting experience are preferred, Experience with BI analysis software is preferred, Experience of Big Four accounting firms, Background in commodity trading, Background in retail, Background in manufacturing, Background in complex supply chain enterprises

What You'll Do.

Own month-end close process

Analyse inventory valuations

Analyse balance sheet accounts

Perform reconciliations

Engage with commercially-focused teams

Engage with middle/back-office teams

Ensure transactions are recorded

Ensure transactions are documented

Ensure transactions are supported

Prepare financial statements

Support annual external audit

Assist with tax-accounting reconciliation

Identify key tax-accounting differences

Coordinate daily deal settlements

Execute daily deal settlements

Ensure timely processing

Ensure accurate processing

Contribute to adhoc projects

Integrate new business developments

Support IT system improvement initiatives

Assess accounting processes

Improve accounting processes

Assist Finance Manager

How You'll Work.

Team & Collaboration

Engage with commercially-focused teams; Engage with middle/back-office teams; Collaborate with relevant internal teams; Build relationships across global teams; Communicate clearly and openly; Communicate with other departments; Communicate with external counterparties

Communication Scope

Communicate accounting concepts; Translate concepts commercially

Full Job Description

Vitol is a leader in energy and commodities. Vitol produces, manages and delivers energy and commodities to consumers and industry worldwide. In addition to its primary business of trading, Vitol is invested in infrastructure globally, with $10+billion invested in long-term assets. Vitol’s customers include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves its customers from some 40 offices worldwide. Revenues in 2024 were $331bn. For more information: [vitol.com](http://www.vitol.com) 1. Trade P&L & Accounting * Owning the month-end close process for a range of product groups and legal entities * Reviewing and analysing Trade P&L, inventory valuations, accruals and balance sheet accounts * Performing reconciliations between the trade capture system and accounting/tax declaration systems * Regularly engaging with commercially-focused teams (operations, commercial analysts) and middle/back-office teams (IT systems, treasury, settlements, contracts) to understand commercial activity captured in the trading system * Ensuring all transactions are recorded, documented and supported in line with company policies 2. Financial Reporting & Compliance * Preparing financial statements in accordance with IFRS and Chinese GAAP, including statutory accounts and management accounts * Supporting the annual external audit process * Assisting with tax-accounting reconciliation and identifying key tax-accounting differences 3. Settlements & Operations * Coordinating and executing daily deal settlements and VAT special invoice flows * Ensuring timely and accurate processing in collaboration with relevant internal teams 4. Process Improvement & Projects * Contributing to adhoc projects, including integrating new business developments and supporting IT system improvement initiatives * Continuously assessing and improving accounting processes and controls 5. Finance Manager Support * Assisting the Finance M

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