Deal Accountant (Internship)

About the role

Vitol is looking for a detail-oriented, analytical Deal Accountant to join its Accounts team at its ATB refinery in Pontian, Johor Darul Ta'zim, Malaysia. The role covers the accounting control of an assigned portfolio of commodity trading transactions, ensuring revenues, costs and profits are complete, accurate and recognised in the correct period. It works closely with commercial, operations, trade settlements and finance teams, supports financial closing, investigates accounting discrepancies and keeps trading-related financial information accurate.

Key responsibilities

• Deal accounting and cost control: review sales revenue, purchase costs and related costs such as freight, storage and handling; review cost estimates and follow up on aged cost balances; monitor transactions to completion and perform transaction closure and controlled reopenings in the trading system
• Investigate accounting exceptions and coordinate their resolution with the relevant teams
• Month-end, quarter-end and year-end closing, accruals for unreceived invoices, and preparation and review of adjustments and reclassifications for cargoes in transit, deferred costs, prepayments and borrowed commodities
• Reconcile realised trading P&L between the trading system and the accounting system, and perform foreign-exchange revaluations and other month-end checks
• Inventory and intercompany accounting: review cost allocation, valuation and reconciliations of commodities in storage or in transit, and review intercompany recharges between group companies
• Reconcile broker statements and clearing accounts, prepare schedules and explanations for financial reporting, audit and tax, and maintain a clear audit trail
• Work with system support teams on accounting accuracy and closing issues, and help identify controls improvements and test system enhancements

Required profile

• Degree in Accounting or an equivalent qualification, or a recognised professional qualification such as CA, ACCA or CPA
• At least five years of experience in accounting or auditing, with a good understanding of IFRS and/or SFRS
• Strong understanding of accruals, reconciliations, accounting cut-off and balance sheet classification
• Familiarity with physical commodity transactions, inventory accounting or financial derivatives is an advantage
• Strong analytical and investigative skills, attention to detail, proactive ownership of issues, clear communication and ability to work across teams and offices
• Ability to manage competing priorities and deliver accurate work within tight financial closing deadlines

Required skills

• Strong Excel skills and ability to work with large datasets
• Experience with integrated trading and accounting systems