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Midrand: Accountant – Coal Trading posted by Ikwezi Mining (Pty) Ltd

Accountant – Coal Trading

Posted on 2025-03-09

Employer Ikwezi Mining (Pty) Ltd
Salary 0
Category Finance Accounting
Location Gauteng  /  Midrand

Job Summary

Key

Responsibilities:

Financial Reporting:

  • Prepare and maintain accurate financial records related to coal mining and coal trading transactions
  • Generate monthly, quarterly, and annual financial statements specific to trading activities
  • Reconcile trading revenue and expense accounts

Costing and Margin Analysis:

  • Track costs related to coal procurement, shipping, storage, and trading
  • Analyze trading margins and profitability for individual contracts or deals
  • Develop financial models to support pricing decision

Budgeting and Forecasting:

  • Assist in preparing budgets and forecasts for trading operations
  • Monitor budget vs. actual performance and provide variance analysis

Transaction Management:

  • Monitor and record coal purchase and sale agreements, ensuring proper financial documentation
  • Manage invoices, accounts payable, and receivable for trading operations
  • Work closely with logistics and operations teams to reconcile trade volumes and costs

Risk Management and Compliance:

  • Ensure adherence to financial regulations, tax laws, and trade-specific policies
  • Monitor exchange rate fluctuations, commodity price movements, and other financial risks
  • Support internal and external audit

Inventory and Stock Valuation:

  • Maintain accurate records of coal inventory, including valuation and stock adjustments
  • Coordinate with warehouse and supply chain teams to reconcile physical stock with records

Taxation and Regulatory Reporting:

  • Handle tax filings related to coal imports, exports, and domestic trading
  • Ensure compliance with government and industry-specific reporting requirements

Minimum

Requirements:

  • Bachelor’s degree in Accounting, Finance, or a related field (CPA/CA certification preferred)
  • Minimum of 5 years’ accounting experience in coal mining is mandatory
  • Familiarity with commodity trading practices, documentation, and regulations
  • Proficiency in ERP systems (SAP,) and trading-specific tools. Advanced MS Excel skills are essential
  • Strong analytical and problem-solving skills
  • High attention to detail and accuracy in financial reporting
  • Excellent communication and negotiation skills
  • Understanding of coal market dynamics and pricing trends
  • Ability to work under pressure and meet strict deadlines

Accountant – Coal Trading position available in Gauteng, Midrand. This job position was posted by Ikwezi Mining (Pty) Ltd. The job has been posted as a char8000 ad on 2025-03-09 at 01:21:05 in the Finance Accounting category

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