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(Senior) Commodity Accountant

RWE Supply & Trading GmbH, Swindon, United Kingdom (GB)  

To start as soon as possible, Full time, Permanent


(Senior) Commodity Accountant


Playing an integral part of our business – we know the value of your accounting skills!


The UK Commodity Accounting team is responsible for producing RWE Supply & Trading GmbH’s (RWEST) monthly financial accounts for commodities traded in the UK under both IFRS and German GAAP (HGB).


RWEST provides the interface between RWE and energy markets around the globe. Around 1,600 employees from 40 countries trade electricity, gas, commodities and CO2 emission certificates. RWE represents change, innovation and sustainability. As one of the world’s leading generators of electricity from renewable energy sources, we aim to be carbon-neutral by 2040 and to enable a sustainable life for people around the world. To achieve this, we are looking for dynamic and motivated people to join us in creating a sustainable and secure energy future.


Can you use your skills support these key areas?


Accounting Principles:

  • Ability to review complex contracts and apply knowledge of IFRS 7, 9 and 13 to advise appropriate accounting treatment.
  • Prepare technical accounting papers in conjunction with the Accounting Principles team in Essen outlining key aspects of contracts ready for presentation to and discussion with external auditors.
  • Keep up to date with developments in accounting standards to ensure accounting policies are applied correctly across the Commodity Accounting team.


Commodity Accounting:

  • On a monthly basis complete month end reporting efficiently and accurately and reconcile IAS results with the Risk department’s monthly P&L reports and work to resolve/explain issues or differences.
  • Review control environment to ensure integrity of information leaving the team.
  • Ability to develop, nurture and manage close relationships across the business and in multiple locations.
  • Present and explain financial results to Risk, Controlling and the wider Accounting teams.
  • Reconcile and analyse key balance sheet accounts and prepare commentary.
  • Prepare ad-hoc management reports, carry out project work as required and respond to specific questions or requests as appropriate.
  • Prepare information for, and respond to, audit queries.
  • Identify and implement improvements to the reporting process.


We want your talent!


We are looking for someone with:

  • Strong knowledge of IFRS (in particular IFRS 7, 9 and 13) preferably with Mark-to-Market accounting experience in a commodity trading business.
  • Qualified accountant (ACA/ ACMA/ ACCA) preferably with audit background and 5 years post qualified experience.
  • Good commercial awareness.
  • Have a questioning and inquisitive mind with a proven ability to challenge and revise processes as required.
  • Be a confident and articulate communicator with the ability to develop trusting and credible relationships at all levels of the business and across various teams.
  • Flexible and comfortable working under time pressure to meet deadlines.
  • Advanced Excel skills and knowledge of SAP.
  • Ability to travel to other RWEST locations as required once globally safe to do so.
  • Some flexibility to work from home in an agile manner.


Your Opportunity.


As the successful candidate you will be a key player within the UK and German Finance teams. You will get involved in our most important projects and together with external auditors work on the provision of technical accounting treatment advice on commodity contracts. You will also learn the ins and outs of the industry by working closely with Front and Back Offices, Risk and Controlling colleagues.


We are also able to offer you the following:

  • Competitive salary plus annual discretionary bonus
  • Extensive benefits package; company pension, private medical insurance, in house gym & canteen, additional holidays, company shares and more
  • Open and diverse company culture
  • Flexible working policy


Promoting diversity (40x40)flexible working times (40x40) cafeteria/canteen (40x40) company pension scheme (40x40) health services (40x40)Free parking (40x40) shareholding (40x40) staff events (40x40) training/human resources development (40x40) career promotion (40x40)attractive remuneration (40x40) accessibility (40x40) employee discounts (40x40) Graduate programme (40x40) company car (40x40) free bridging days (40x40)


Apply now with just a few clicks: ad code 26760, application deadline 06.12.2020.

Any questions? Steph Turi (Recruiting), E: stephanie.turi@rwe.com


We value diversity and therefore welcome all applications, irrespective of gender, disability, nationality, ethnic and social background, religion and beliefs, age or sexual orientation and identity.

Of course, you can find us on LinkedIn, Facebook, Twitter and Xing, too.


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