Global Sugar Group Trading Accountant

Tate & Lyle Sugars - London

Posted 769 days ago
  • Experience
    Mid-Senior level
  • Job function
    Finance, Accounting/Auditing, Other
  • Employment type
    Full-time
  • Industry
    Consumer Goods, Food Production, Food & Beverages
  • Job ID
    3560014

This is a preview of the Global Sugar Group Trading Accountant job at Tate & Lyle Sugars. To view the full job listing, join LinkedIn - its free!Join LinkedIn - its free!

About this job

Job description

Purpose of Role

Commercial trading support / Daily Reporting

  • Keep up-to-date profit and position/ risk reports on the physical trading book, which includes hedging derivatives, and speculative books.
  • Preparation of Daily Profit & Loss and Position Report, analyse results and provide explanations to traders and wider stakeholders.
  • Analyse Foreign Exchange exposure.
  • Review mark to market valuations.
  • Discuss with management the changing risks facing the business.
  • Drive planning, budgeting, forecasting and production of appropriate performance measures.
  • Help the traders understand their responsibilities in maintaining a visible control over their business.

Accounting / Monthly reporting

  • Process month end ITAS activities - book the inventory journal entry, reconcile raw and white sugar inventory.
  • Analyse and develop regular reports to allow operational understanding and accounting for stocks processing eg yield results.
  • Prepare monthly P&L, balance sheet and cash flow statements.
  • Analyse the monthly performance, work out key performance drivers and produce commentary.
  • Focus on continuously improving processes and methods of regular routines to allow increasing focus on providing business support, analysis and financial advice.

Other Tasks

  • Resolve differences on inter-company balances and transactions to/from trading business.
  • Reconcile differences between trading and accounting system.
  • Support internal and external audit processes.

Provide support to the trade operations team re vessel accounting.

Desired Skills and Experience

  • Be a qualified accountant (CIMA/ACCA/ACA) or Equivelant
  • Have experience of world market commodity trading including Futures and Options.
  • Experience in SAP and BI or equivalent data warehousing and reporting tools.
  • Have advanced Excel modelling skills and the ability to adapt models for users with less advanced Excel skills.
  • Have experience of modelling “projects” and “what-if” scenarios and of providing interpretation and advice.
  • Have experience in writing reports and developing presentations.
  • Must be able to work effectively under time pressure.
  • Must be commercially aware and be comfortable working in a fast paced trading environment.
  • Must be a strong character capable of building and developing relationships throughout the business. Must be credible and reliable.
  • Must be inquisitive and capable of challenging the status quo in a constructive manner.
  • Must be able to identify and deliver change in methods and ways of working.
  • Must be proactive in identifying and leading initiatives.
  • Must be able to manage and prioritise multiple “projects” at the same time.  
  • Must develop a robust understanding of the business and systems from Trading through to sales and marketing.
  • Must be willing to understand the factors influencing the market price for world and preferential sugars.

 

About this company

Tate & Lyle Sugars

Tate & Lyle Sugars has been refining sugar continuously at Thames Refinery since 1878. Over 130 years later it’s still going strong and today employs around 500 people. Not many companies have remained a favorite household brand - producing the same family of products, at the same location, for well over a century - so what’s the secret of its success? The answer lies in its people and its core values: ambition, innovation and pace. So, while Tate & Lyle Sugars may still be based in the same place, new developments continue. In 2008, Tate & Lyle Sugars became the largest ever UK food and drink brand to switch to Fairtrade (starting with its granulated white sugar) and a project is currently underway to slash the refinery’s carbon footprint by over 25%, thanks to pioneering green technology developed by Tate & Lyle Sugars research and technology teams. In 2010 Tate & Lyle Sugars was acquired by American Sugar Refining, Inc., based in Yonkers, New York, it is the world’s largest cane sugar refining company, dedicated to cane sugar with a total refining capacity of over 6 million tons of sugar per annum. The company produces a full line of consumer, industrial, food service and specialty sweetener products. Across North America, American Sugar Refining owns and operates six sugar refineries -- in New York, California, Maryland, Louisiana, Canada and Mexico -- as well as specialty sweetener production facilities and a strategic warehousing and distribution system that combine to provide seamless production and delivery of its products to customers across the United States, Canada and Mexico. In the European Union, the company owns and operates sugar refineries in England and Portugal American Sugar Refining’s products are marketed through its brand portfolio that includes the premiere sugar brands Domino®, C&H®, Florida Crystals®, Redpath® and Tate & Lyle®.

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