Senior Management Accountant Trading at Sasol

Purpose of Job

• To support the business financial activities and processes (gatekeeper for Finance), financial decision support to business/ and be a pro-active business partners to achieve optimal financial performance.
• To provide finance support for the buying and selling of crude oil, petroleum products and fuel blending components including other activities such as shipping and risk management (hedging) operations.
• To provide a comprehensive accounting service to the trading team and various Sasol stakeholders which facilitates the decision-making process related to business direction and participates in the day to day supervision of/and the execution of financial related activities

Recruitment Description / Key Accountabilities

• Develop sufficient accounting knowledge and maintain close involvement with business activities in order to identify business issues and establish the impact on the cash management, accounting and financial reporting. 
• Ensure strict controls over cash management including ensuring payments are made on time, letters of credit or other guarantees are issued when required, daily monitoring of transactions, working closely with the trading team, as well as reporting for group purposes. Preferable to have a good understanding of hedging, and be able to explain in detail price and volume variances. 
• Provide input into contractual matters and dispute resolutions (where applicable). Develop, implement and maintain a sustainable internal control framework through good corporate governance, strategy, systems, policies, procedures and risk management to ensure compliance within the internal and regulatory operational framework. 
• Report to the VP Trading & JV Management and Head of Trading on the daily, monthly, budget, forecasted financial performance, or other ad-hoc requests. 
• Perform variance analysis for management and group reporting. 
• Prepare the budget and forecast, including full financials and detailed cash flow requirements. 
• Maintain the accounting (in terms of relevant standards and Sasol Group Accounting Manual), perform analysis of transactions, accounting and reporting of hedge transactions (knowledge of hedge accounting required). 
• Report to the Crude Oil Procurement Committee and Hedging Committee (including Sasol Oil Board) regarding hedging status and progress. 
• Liaise with both internal and external auditors and ensure compliance to SOX and internal control.

Formal Education

• University Bachelor's Degree or higher

Min Experience

• 6 Years Relevant Experience