The Company

This is an exciting opportunity to join our client who are a global leader in the critical mission to transition the world to low carbon energy for a more sustainable future.

The Role

A new opportunity has arisen to join a fantastic client of ours who we are on the lookout for a new Treasury Accountant to join them on a permanent basis. As they accelerate their growth trajectory, there Finance function is continuously growing, adapting, evolving to support this growth and complexity.  Reporting to the Head of Group Accounting, this newly created role is responsible for providing specialist technical accounting support to the Group and to become a key business partner to their Treasury, Energy Trading and Structured Finance functions ensuring all FX, Interest rate and Energy Price risks are accounted for in an accurate and timely manner.

To assist them in delivering their growth targets, it is essential to maintain visibility and control over risk exposures. This role will ensure compliance with the Group hedging strategy, control over hedge and shareholder loan documentation, adherence to IFRS and the development and automation of internal processes and procedures to support internal and external compliance requirements.

Key Responsibilities & Exposures

FX & Risk Management:

  • Mark to market and hedge accounting under IFRS 9 for all financial derivatives (including FX, Interest rates, Energy trading and Virtual PPA’s)
  • Ensure governance over FX Risk Management policy
  • Business partnering with Treasury and Structured Finance functions providing technical accounting guidance around FX risk management and Energy trading activities
  • Review & implementation of hedge documentation, accounting, fair value of financial instruments, effectiveness testing, counterparty risk (CVA/DVA)
  • Reviewing hedge accounting models and MTM valuations on VPPA’s
  • Work closely with Treasury to conduct scenario and risk analysis

Liquidity Management & Reporting:

  • Manage the accounting of the corporate and project finance facilities, including but not limited to management reports on usage/headroom, balance sheet reconciliations, month-end process, accruals of interest & guarantee fees
  • Responsible for capitalisation of all loan interest and advisor fees
  • Support forecasting and budgeting process for all Corporate Facility liquidity funding requirements, interest charges and fees
  • Ensure all bank related charges and corporate facility costs are accounted for correctly
  • Prepare monthly management reports around corporate facility headroom, regional liquidity forecasting accuracy and currency exposures
  • Running the monthly P&L volatility analysis on hedge accounting and investigating significant volatility movements
  • Liaise with the technical accounting team

Compliance:

  • Manage communications with external auditors on relevant technical accounting issues
  • Review treasury policies giving advice on technical issues on hedge accounting, refinancing
  • Stay abreast of international and local GAAPs and reporting requirements pertaining to Treasury activities across the markets and manage ongoing compliance across the Group
  • Preparing annual disclosures in accordance with IFRS 7
  • Provide detailed analysis around material monthly FX and derivative movements and variance to budget/forecast
  • Close engagement with the FP&A team and the wider business to support the annual budget and quarterly forecasting processes around FX and derivative activities.
  • Manage all inter-company accounting relationships – loans, interest, accruals, capitalisation etc

The Candidate

  • Strong understanding of IFRS (particularly IFRS 7 & 9)
  • Ability to manage and control large volumes of data and cross border transactions across the Group
  • Strong stakeholder management skills
  • Excellent communication skills (written, oral and interpersonal)
  • Ability to present financial information to senior level stakeholders.
  • Excellent MS Office skills, particularly Excel
  • Exceptionally strong analytical skills
  • Ability to challenge and be willing to get involved and help with decisions that affect the development of the business
  • ACA, ACCA or CIMA qualified with 3+ years post qualified experience
  • Relevant Treasury qualifications preferred (studying or otherwise)

How to Apply

If you are interested in being considered for this opportunity, please email your CV to Craig Perkins via craig@treasuryrecruitment.com or call +44 203 603 4448 to discuss further

Apply for Role

To apply for this job email your details to craig@treasuryrecruitment.com.

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