Accountant at Vitol

Shanghai, Shanghai, China -

Full Time

Start Date

Immediate

Expiry Date

10 Sep, 26

Salary

0.0

Posted On

12 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

China GAAP, IFRS, Financial Statement Preparation, Tax Accounting Reconciliation, VAT, CIT, Excel, BI Analysis Software, English Proficiency, Bookkeeping, Trade P&L Analysis, Month-end Close, External Audit Support, Deal Settlements, Process Improvement, Financial Reporting

Industry

Oil and Gas

Description

Company Description Vitol is a leader in energy and commodities. Vitol produces, manages and delivers energy and commodities to consumers and industry worldwide. In addition to its primary business of trading, Vitol is invested in infrastructure globally, with $10+billion invested in long-term assets. Vitol’s customers include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves its customers from some 40 offices worldwide. Revenues in 2024 were $331bn. For more information: vitol.com Job Description 1. Trade P&L & Accounting Owning the month-end close process for a range of product groups and legal entities Reviewing and analysing Trade P&L, inventory valuations, accruals and balance sheet accounts Performing reconciliations between the trade capture system and accounting/tax declaration systems Regularly engaging with commercially-focused teams (operations, commercial analysts) and middle/back-office teams (IT systems, treasury, settlements, contracts) to understand commercial activity captured in the trading system Ensuring all transactions are recorded, documented and supported in line with company policies 2. Financial Reporting & Compliance Preparing financial statements in accordance with IFRS and Chinese GAAP, including statutory accounts and management accounts Supporting the annual external audit process Assisting with tax-accounting reconciliation and identifying key tax-accounting differences 3. Settlements & Operations Coordinating and executing daily deal settlements and VAT special invoice flows Ensuring timely and accurate processing in collaboration with relevant internal teams 4. Process Improvement & Projects Contributing to adhoc projects, including integrating new business developments and supporting IT system improvement initiatives Continuously assessing and improving accounting processes and controls 5. Finance Manager Support Assisting the Finance Manager with ad hoc tasks and projects as directed Other duties as assigned Successful Candidates will: Demonstrate strong accountability, self-motivation and ownership of deliverables, with a proactive approach to ambiguous problems. Bring a strong learning ability — picking up new concepts, systems and workflows quickly in a fast-paced environment. Manage time effectively, prioritising competing tasks across multiple workstreams and meeting tight deadlines. Build relationships across global teams and communicate clearly and openly with colleagues across offices and departments. Continuously assess, improve and optimise processes and controls. Job Skillset / Knowledge: Accounting: Solid knowledge of China accounting standards (China GAAP) and IFRS, with strong bookkeeping skills and hands-on experience in financial statement preparation. Candidates with group reporting experience are preferred. Taxation: Working knowledge of major Chinese tax categories (VAT, CIT, etc.), with the ability to independently perform tax-accounting reconciliations, identify key differences, and support tax declaration processes. Tools: Excellent Excel skills (including pivot tables, functions, and building auxiliary working papers). Experience with BI analysis software is preferred. Language: Good English reading and writing skills, with the ability to use English as a working language. Qualifications Bachelor’s degree or above, majoring in finance, accounting or related field. CPA License is preferred 5-8 years of experience in accounting (subject to adjustment based on market conditions) Experience of Big Four accounting firms and/or a background in commodity trading, retail, manufacturing, or complex supply chain enterprises are preferred. Additional Information Please use the message to the hiring team to explain how your skills, experience, and interests make you a strong fit for this role. Ability to work in a high-pressure trading environment. Have a strong sense of accountability and ownership of key deliverables Be comfortable undertaking new concepts and ideas associated with a fast-paced, dynamic business Demonstrate the ability to both understand the ‘big picture' and have a willingness to ‘dig into the details' Demonstrate the ability to clearly communicate accounting concepts to senior management and translate them in terms of the commercial business Continually assess, challenge, and improve processes Earn the trust of others by continuously demonstrating the ability to follow-through Be curious, creative, and up for a challenge Effectively communicate with other departments/ external counterparties (written and verbal) Vitol Asia is committed to providing equal opportunities to all staff. Globally, Vitol seeks to conduct its business in accordance with the UN Global Compact’s ten principles, including those on human rights, one of which is to “Ensure a diverse and inclusive work place, where possible, free from discrimination regardless of age, gender, race, cultural heritage, ethnicity, sexual orientation, religion or disability.” Only successful candidates will be contacted.

Responsibilities

Manage the month-end close process, trade P&L analysis, and financial reporting in accordance with IFRS and Chinese GAAP. Coordinate daily deal settlements and support the annual external audit and tax reconciliation processes.