Key Responsibilities:Financial Reporting:Prepare and maintain accurate financial records related to coal mining and coal trading transactionsGenerate monthly, quarterly, and annual financial statements specific to trading activitiesReconcile trading revenue and expense accountsCosting and Margin Analysis:Track costs related to coal procurement, shipping, storage, and tradingAnalyze trading margins and profitability for individual contracts or dealsDevelop financial models to support pricing decisionBudgeting and Forecasting:Assist in preparing budgets and forecasts for trading operationsMonitor budget vs. actual performance and provide variance analysisTransaction Management:Monitor and record coal purchase and sale agreements, ensuring proper financial documentationManage invoices, accounts payable, and receivable for trading operationsWork closely with logistics and operations teams to reconcile trade volumes and costsRisk Management and Compliance:Ensure adherence to financial regulations, tax laws, and trade-specific policiesMonitor exchange rate fluctuations, commodity price movements, and other financial risksSupport internal and external auditInventory and Stock Valuation:Maintain accurate records of coal inventory, including valuation and stock adjustmentsCoordinate with warehouse and supply chain teams to reconcile physical stock with recordsTaxation and Regulatory Reporting:Handle tax filings related to coal imports, exports, and domestic tradingEnsure compliance with government and industry-specific reporting requirementsMinimum Requirements:Bachelors degree in Accounting, Finance, or a related field (CPA/CA certification preferred)Minimum of 5 years accounting experience in coal mining is mandatoryFamiliarity with commodity trading practices, documentation, and regulationsProficiency in ERP systems (SAP,) and trading-specific tools.
Advanced MS Excel skills are essentialStrong analytical and problem-solving skillsHigh attention to detail and accuracy in financial reportingExcellent communication and negotiation skillsUnderstanding of coal market dynamics and pricing trendsAbility to work under pressure and meet strict deadlines