Accounting New Business Advisor, Trading

Job Description

Job descriptionA great introduction to one of the worlds largest commodity trading businessesyoull sharpen your accounting expertise, learn about deal drivers and valuation techniques, and become a valued business partner to diverse decision-makers all over the world.Where you fit inShells Trading & Supply business is a significant part of the Shell Group, acting as interface between different business units and external customers. It is involved in optimisation and trading for profit and has a strong track record of growth and constantlydeveloping new and innovative deal structures.Trading & Supply is at the forefront of Shells Powering Progress strategy, supporting Energy Transition with significant activity in renewables, emissions credits, and biofuels, alongside the more traditionalgas, LNG, and oil businesses.Whats the role Youll be part of a 30+ strong global team (based in London, Singapore, and Houston) which advises on the accounting treatment of new business proposals as well as appraising business performance on an ongoing basis.Youll work collaboratively with stakeholdersacross finance and the business, be interested in understanding this fast-evolving business and deal drivers and have a hand in how they get implemented and reported.More specifically, your role will include:

• Supporting business growth through provision of accounting advice on new deals in gas & power and carbon emissions trading and input on how deals are structured and set up in the trading systems
• Developing new accounting policies and guidance where needed and communicating this across the finance organisation
• Analysing complex and judgmental areas (e.g., impairments, market liquidity assessment, balance sheet presentation and derivative valuation)
• Act as the subject matter expert on IFRS derivative accounting standards and apply these to value and account for derivatives in Trading
• Support for Group led initiatives to implement new accounting standards, analysing the impact on Trading and developing practical application guidance that wider finance team can follow.
• Identify accounting risks and take proactive steps to address them, including influencing other finance teams and designing new processes and controls.

What we need from youA Qualified Accountant, with significant finance experience (including accounting & reporting) either in a commodity trading environment or with an accounting practice or other large corporate.A thorough knowledge of accounting standards such as financial instruments (IFRS 9 and 7), fair value (IFRS13) and leasing (IFRS16).But the ever-evolving nature of deals means equally important is the ability to identify key deal features and be able toresearch issues, apply concepts and provided clear written analysis and advise.Able to handle ambiguity in deal fact pattern and apply judgment as for many deals, there will not be prescriptive policies or IFRS guidance.Able to work across different multi-disciplinary finance as well as commercial teams, an ability to influence others and to make supportable and actionable recommendationsthus ensuring advice is understood and gets implemented correctlyThe successful candidate will also:

• Bring a positive, proactive approach to managing and solving problems.Collaboration across the team is key, to ensure consistent advice, to learn (and share learnings) and to balance workload across the team.
• Have a genuine interest in developing a full understanding of end-to-end deal economics and how accounting outcomes might influence the returns or presentation of a deal.
• Be able to stand ground when presenting accounting recommendations.For instance, persuading the auditor why one treatment is justified over another; or delivering advice that may be unpopular with business stakeholders.

About Shell UK Shell started operations in the United Kingdom more than 110 years ago. Since then, we have grown into a leading innovative Oil & Energy company that rewards its employees by investing heavily in their careers and learning. Our people are our greatest asset,and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UKsgrowing energy demand, whilst using innovative technologies to develop cleaner energy. We are the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy. As well as processing 35% of the gas cominginto the UK, we serve more than four million customers at our filling stations each week. Shell employs some 6,400 skilled staff as well as many contractors.An innovative place to work Theres never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.Join us and youll be adding your talent and imagination to a business with the ambition to shape the futurewhether by investing in renewables, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently,everyone at Shell does their part.An inclusive place to work To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are nurturing an inclusive environmentone where you can express your ideas, extend your skills, and reachyour potential

• Were creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and well take it from there.
• Were closing the gender gapwhether thats through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
• Were striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
• We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.

A rewarding place to work Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice. Were huge