Derivative Accountant
Vitol
- Houston, TX
- Permanent
- Full-time
- 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
- Bachelor's degree in Accounting, Finance, Business, or a related field
- 2 or more years of experience in financial trading reconciliation and analysis
- Experience in Accounting, Finance, or Auditing also desired
- Familiarity and experience with general accounting concepts and journal entries
- Attention to detail
- Organizational skills
- Strong communication skills, both internally within the team and externally
- Sense of ownership and responsibility
- Be curious, creative and up for a challenge
- Be organized and deadline sensitive
- Have a genuine desire to build relationships across a global business
- Be comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic business
- Have strong quantitative, analytical and critical thinking skills
- Continually assess, challenge and improve processes
- Have a strong sense of accountability and ownership of key deliverables
- Be an open communicator who is eager to share and receive information
- Earn the trust of others by continuously demonstrating the ability to follow-through
- This job operates in a professional office environment. Because of the collaborative, fast-paced, and high energy nature of our business, Vitol requires team members to work from our fully-equipped office