Lead Trade Accountant
Welcome to ConocoPhillips, where innovation and excellence create a platform for opportunity and growth. Come realize your full potential here.
Who We Are
We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.
We’re grounded by our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business – but not at all costs. We believe it’s not just what we do – it’s how we do it – that sets us apart.
Fostering an Inclusive Work Environment
To deliver superior performance, we create an environment that respects the contributions and differences of every individual. Wherever possible, we use these differences to drive competitive business advantage, personal growth and, ultimately, create business success.
Job Summary
ConocoPhillips is one of the world’s largest independent E&P companies based on production and proved reserves. The company has a relentless commitment to safety, a passion for innovation and an ability to adapt to a dynamic marketplace. The ConocoPhillips Europe Commercial Office is based in Angel Court in the heart of the City of London, and is actively involved in the marketing and trading of crude oil, NGLs, natural gas and LNG.As a member of the Commercial Finance team, the Lead Trade Accountant will be primarily responsible for ensuring realised physical and financial trades are accurately accounted for and settled in a timely manner. This role plays a pivotal part in upholding the company's financial integrity and supporting its commercial operations.
Position Overview
Primary Role Objectives
- Oversee and coordinate month-end accounting close processes to ensure timely and accurate financial reporting
- Ensure all procedures are executed and documented in compliance with SOX control standards
- Perform monthly revenue accounting journals in SAP for gas, crude, LNG, and emissions trading activities
- Responsible for ensuring that the settlement process for all commodities is performed in a timely and accurate manner
- Manage electronic and paper gas trade confirmation processes
- Perform daily review of reconciliation between trade capture system and clearing broker statements for exchange traded derivatives
- Perform trade reporting process to regulatory bodies to ensure compliance with REMIT and EMIR regulations
- Manage UK and EU Emission registry deliveries
- Compile and present monthly financial results and analyses to senior management
- Prepare and submit monthly cashflow statement to Treasury
- Manage CVA volume reporting process
- Collaborate with the Senior Accountant to review and update SOX control documentation
- Provide audit support to the Senior Accountant
- Participate in ad-hoc projects as required to support business objective
Competency Requirements
- Bachelor's degree in Accounting, Finance, or a related field
- Professional accounting qualification (e.g., ACA, ACCA, CIMA)
- Demonstrable experience in commodity trade accounting (preferably in energy trading)
- Strong knowledge of financial accounting principles and regulatory compliance
- Proficiency in using accounting software and Microsoft Office applications
- Strong attention to detail and ability to work under pressure
- Effective communication and interpersonal skills
- Self-motivated