Cost- And Hedge Accountant - Free State Oil (Pty) Ltd, Head Office Reitz at VKB Group

Introduction

• Free State Oil (Pty) Ltd is a subsidiary of VKB Agriculture (Pty) Ltd, a dynamic role player in the edible oil industry, situated in Villiers in the Eastern Free State. We offer you the opportunity to establish yourself within a professional, corporate environment in the countryside.

Job Description

• The Cost and hedge accountant will be responsible for capturing and reporting on the hedge positions, as well as the costing of inventory of Free State Oil.

Requirements

• BCom Degree with Accountancy
• Completed articles (SAIPA and/ or SAICA)
• Applicable experience in a fast-moving environment
• Experience in similar position will be advantageous
• Ability to function independently within team context and to accept responsibility
• Strong analytical, numeracy and interpersonal skills
• Excellent computer skills and the ability to work with Excel on an advanced level

Duties and Responsibilities

Capturing of daily trades on the hedge file.
Checking and capturing of daily hedge admin orders.
Matching of hedge trades and updating Market to market prices daily.
Ensuring that all hedge related entries are done according to IFRS.
Analysing and reporting on hedging and inventory on a monthly basis to management
Monthly stock counts, and review of inventory reconciliations.
Monitor and manage cash flow within the budget.
Cost management and inventory control
Compile audit file on hedging and inventory.
Review and approve journals and EFT’s on a daily basis.
Perform reconciliations of trial balance accounts on a monthly basis.
Implementing & monitoring internal controls
Ensuring that the relevant operational and financial information is reported accurately and timeously.
Continuously liaising with internal departments, auditors, clients and suppliers with regards to relevant transactions and services
Skills

• Strong analytical skills
• Attention to detail
• Pro-active in solving problems
• Taking ownership of tasks
• Setting a high standard to deliver quality work
• Ability to work independently
• Time management
• People management
• Good communication skills