Accountant

Vitol · Shanghai

Apply on the company website

Company 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

Job Description

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 Manager with ad hoc tasks and projects as directed
• Other duties as
  assigned

Successful Candidates will:

• Demonstrate strong
  accountability, self-motivation and ownership of deliverables, with a
  proactive approach to ambiguous problems.
• Bring a strong
  learning ability — picking up new concepts, systems and workflows quickly
  in a fast-paced environment.
• Manage time
  effectively, prioritising competing tasks across multiple workstreams and
  meeting tight deadlines.
• Build relationships
  across global teams and communicate clearly and openly with colleagues
  across offices and departments.
• Continuously assess,
  improve and optimise processes and controls.

Job Skillset / Knowledge:

• Accounting: Solid knowledge of China accounting standards (China GAAP) and IFRS, with strong bookkeeping skills and
  hands-on experience in financial statement preparation. Candidates with
  group reporting experience
  are preferred.
• Taxation: Working knowledge of major Chinese tax categories
  (VAT, CIT, etc.), with the ability to independently perform tax-accounting
  reconciliations, identify key differences, and support tax declaration
  processes.
• Tools: Excellent Excel skills (including pivot tables, functions,
  and building auxiliary working papers). Experience with BI analysis
  software is preferred.
• Language: Good English reading and writing
  skills, with the ability to use English as a working language.

Qualifications

• Bachelor’s degree or above, majoring in
  finance, accounting or related field. CPA License is preferred
• 5-8 years of experience in accounting
  (subject to adjustment based on market conditions)
• Experience of Big Four accounting firms
  and/or a background in commodity trading, retail, manufacturing, or
  complex supply chain enterprises are preferred.

Additional Information

• Please use the message to the hiring team to explain how your skills, experience, and interests make you a strong fit for this role.
• Ability to work in a high-pressure trading environment.
• Have a strong sense of accountability and ownership of key deliverables
• Be comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic business
• Demonstrate the ability to both understand the ‘big picture' and have a willingness to ‘dig into the details'
• Demonstrate the ability to clearly communicate accounting concepts to senior management and translate them in terms of the commercial business
• Continually assess, challenge, and improve processes
• Earn the trust of others by continuously demonstrating the ability to follow-through
• Be curious, creative, and up for a challenge
• Effectively communicate with other departments/ external counterparties (written and verbal)

Vitol Asia is committed to providing equal opportunities to all staff. Globally, Vitol seeks to conduct its business in accordance with the UN Global Compact’s ten principles, including those on human rights, one of which is to “Ensure a diverse and inclusive work place, where possible, free from discrimination regardless of age, gender, race, cultural heritage, ethnicity, sexual orientation, religion or disability.”

Only successful candidates will be contacted.

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