Shell Trading Accountant in London, United Kingdom

Auto req ID 71645BR

Job Title Trading Accountant

Country of Work Location United Kingdom

City, State (if applicable) London

Work Location London - Strand

Company Description

Shell started operations in the United Kingdom more than 110 years ago. Since then we have grown into a leading innovative oil and gas 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 UK’s growing 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 coming into 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.

Job Description

A great introduction to one of the world’s largest commodity trading businesses – you’ll sharpen your accounting standards expertise, learn about deal drivers and valuation techniques and become a valued business partner to diverse decision-makers all over the world.

What’s the role?

You’ll be part of a ten-strong global team (based largely in London and Houston) who advise on the accounting treatment of new business proposals and on the ongoing accounting and reporting of commodity transactions (derivatives) for Shell’s Trading & Supply business.

There are two strands to the role. First, you’ll be preparing IFRS-compliant derivatives accounting entries by applying IFRS accounting rules to fair value and reporting future commodity transactions. You’ll also take care of the associated analysis, commentary and year-end disclosures. Because Shell is a Trading business, this is crucial, so you’ll definitely enjoy good exposure to the deal flow.

Then there’s the wider accounting advisory part of the job, including:

  • Providing financial accounting advice across Shell Trading; for example, to inter alia traders or Trading Finance leaders for new business proposals.

  • Determining the appropriate application of relevant accounting standards (internal and external) for Shell Trading entities; accounting advice on the accounting treatment of commodity and related derivative contracts.

  • Supporting the implementation of new accounting standards (including among others, IFRS 9 and IFRS 16).

You’ll focus on our European and Eastern gas, power and emissions business but you can also look forward to learning about and supporting other areas including Crude, Refined Products and Liquefied Natural Gas (LNG) businesses.

You’ll learn that there can be material differences between Market Risk valuations (Fair economic value) and the accounting valuation – that’s why it’s vital that you can forge effective working relationshipswith Market Risk teams; they manage the underlying fair values calculation and identify deals that aren’t appropriate for IFRS accounting.


What we need from you

A qualified accountant, you’ve acquired good finance experience (including accounting & reporting) either in a commodity trading environment or with an accounting practice or other large corporate.

You should be familiar with IAS39, IFRS7, IFRS13 and IFRS9 but you don’t need encyclopaedic knowledge of IFRS. We’re keen to hear from men and women who can engage with concepts and stakeholders, weigh the options and apply their judgement to make sound decisions. If you’re enthusiastic about developing a full understanding of end-to-end deal economics and accounting, including how it’s reported in the Trading systems, we want to talk to you.

Personally, you’ll bring us a positive, proactive approach to managing and solving problems. A natural collaborator and confident communicator, you enjoy cultivating fruitful working relationships and influencing others to make finance changes happen.

Our values

Shell is a company with shared values. Honesty, integrity, and respect aren't simply a strapline: they are a part of everything we do. What's more, Shell is an equal opportunities company, and we place the highest possible value on the diversity of our people and our inclusive approach.

Join us and you’ll belong to a world where you can feel pride in your achievements and propel your career with global opportunities

Women’s perspective

We care deeply about fostering a truly diverse workplace. We believe in doing everything we can to make Shell as flexible, appealing and supportive a place for women to work as possible. And we've retained our title as a top employer for women in the Times again in 2016.

We help with things like our formal (and informal) flexible working. Like our global and transparent pay policies backed by a leadership team fully supportive of our diversity ambitions. And we'll help foster your career through our Women's Career Development programme and our extensive Women's Network.

People with an impairment

At Shell, we're all about top talent. End of story. We want to encourage those of you who may face an impairment to regard Shell as a place where you'll be fully supported to grow and develop your career. It's as simple as that.

If you'd like to apply, just let us know about your circumstances. We can support you throughout the process. From application, to interview, to your first day of a rewarding career with us.

No. of Positions 1


Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date.

Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Royal Dutch/Shell Group companies around the world.

The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand.

Shell is an Equal Opportunity Employer.

Removal Date 11-Apr-2018