Overview
Accountant Trading Gold Jobs in Dubai · UAE at BIZ GOLD TRADING LLC
Accountant – Gold Bullion Trading
Dubai, UAE
Biz Gold Trading L.L.C
Job Overview
We are looking for a detail-oriented and experienced Accountant with a strong background in bullion / commodities trading. The candidate will be responsible for managing trade accounting, inventory reconciliation, financial reporting, and compliance in a high-value gold trading environment.
Key Responsibilities
1. Trade Accounting & Lifecycle Management
- Record and manage the full trade lifecycle: booking → pricing → settlement → reconciliation
- Account for spot, forward, and hedging transactions
- Handle fixed-price and floating-price contracts (Fix / Unfix deals)
- Accurately record premiums, discounts, refining charges, and logistics costs
- Monitor and record unrealized and realized P&L on open and closed positions
2. Inventory & Metal Accounting
- Maintain and reconcile physical gold inventory vs trading positions
- Manage karat-wise stock (22K, 24K, etc.) and conversions
- Conduct regular stock reconciliations with vault holdings
- Implement controls to prevent inventory discrepancies, losses, or fraud
3. Hedging & Risk Accounting
- Account for hedged vs unhedged positions using futures/forwards
- Track price exposure and risk positions
- Align accounting records with trading desk positions
- Support risk management through accurate reporting
4. Banking, Treasury & Forex
- Handle high-value and international payments
- Manage instruments like Letters of Credit (LCs) and Bank Guarantees (BGs)
- Perform multi-currency accounting (USD, AED, INR, etc.)
- Track and reconcile forex gains/losses, bank charges, and settlements
5. Compliance & Regulatory Requirements
- Ensure adherence to KYC / AML policies
- Identify and escalate suspicious or high-risk transactions
- Support internal and external audits
- Ensure compliance with VAT/GST regulations applicable to gold trading
6. Reconciliation & Controls
- Reconcile trade ledgers with counterparties/brokers
- Match accounting records with physical inventory and customer balances
- Investigate and resolve discrepancies in trades, stock, or payments
- Strengthen internal controls and reporting accuracy
7. Reporting & Business Support
- Prepare daily reports including:
- Trade P&L
- Inventory valuation
- Exposure reports
- Provide insights to traders for better decision-making
- Support management with financial analysis and reporting
Requirements
- Proven experience in bullion / commodities / precious metals accounting
- Strong understanding of gold pricing (LBMA), spot & forward markets
- Experience with trade lifecycle accounting and reconciliation
- Knowledge of hedging, risk management, and inventory accounting
- Familiarity with AML/KYC compliance frameworks
- Proficiency in accounting software and MS Excel
- Strong analytical, problem-solving, and reconciliation skills
- High level of integrity and attention to detail
Desired Skills
- Ability to handle high-pressure, high-value trading environments
- Strong coordination with traders, operations, and compliance teams
- Excellent communication and reporting skills
- Experience in Dubai bullion market or international trading firms
- Quick decision-making and risk awareness mindset
Title: Accountant Trading Gold
Company: BIZ GOLD TRADING LLC
Location: Dubai · UAE
