Procurement Accountant Specialist

1 day ago

Kolkata, West Bengal, India beBeeAccountant Full time ₹ 15,00,000 - ₹ 25,00,000
Job Title: Procurement Accountant Specialist

The Procurement Accountant Specialist plays a vital role in ensuring the accuracy and timeliness of commodity transactions. This position supports various functions within the organization to maintain compliance with internal controls and external regulations.

Key Responsibilities:
  • Financial Accounting:
  • Record and reconcile commodity purchases, sales, transfers, and related financial transactions accurately and efficiently.
  • Reconciliations:
  • Monitor and reconcile trading positions, trade costings, futures and options, foreign exchange and P&L with trading desks according to established processes.
  • Investigate and resolve discrepancies in transactional data, trade P&L, and general ledger balances promptly.
  • Valuation and Reporting:
  • Track weekly mark-to-market valuations and report on trading profit and loss to stakeholders.
  • Assist in monthly/quarterly/annual closing processes, including valuation of inventory and open positions.
  • Calculate and report monthly commodity margins, P&L statements, and inventory valuations accurately.
  • Support financial close processes, including accruals, reconciliations, and variance analysis.
  • Prepare reports for internal stakeholders and regulatory agencies as required.
Qualifications and Skills:
  • Education:
  • Bachelor's degree in accounting, finance, or related field is essential.
  • CA (Qualified)
  • Experience:
  • Minimum 2–5 years of accounting experience, preferably in commodities, energy, or trading environments.
  • Experience with ERP systems and commodity trading systems is desirable.
  • Skills:
  • Strong knowledge of accounting principles and financial reporting.
  • Analytical mindset and attention to detail are essential.
  • Proficient in Microsoft Excel; familiarity with data analysis tools is beneficial.
  • Strong communication and interpersonal skills are necessary.

Work Environment:

  • Typically office-based but may involve occasional travel.
  • Fast-paced environment with tight deadlines, especially during financial close cycles.

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