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Job Description
The role:
The role holder will lead one of the Financial Control sub-teams in developing financial accounting, reporting and related control processes whilst maintaining an effective system of internal control to ensure integrity and accuracy of financial reporting throughout a sustained period of change.
Responsibilities:
- Own the financial accounting, reporting and related control processes for the valuation of commodities and foreign exchange positions and other parts of the group.
- Transform and modernise Financial Control processes including identifying processes that could be transferred offshore and support development of interfaces between the ERP (SAP) and trading source systems (Endur/Falcon), ensuring integrity and accuracy of financial reporting throughout a sustained period of change
- Support the completion of stats for all the Entities with reference to derivative and fair value disclosures and adjustments. This includes providing commentary for Legal Entity team / Group BPM / Group Tax and liaising with auditors on questions on these entities
- Own the FX Reporting for the Group including monitoring and helping set up the accounting of FX hedges for other areas, as well as monitoring the 3 CE FX books to ensure they are accounted for correctly in SAP
Requirements:
- Qualified Accountant.
- Experience of physical and financial energy markets and accounting for transactions in these markets
- Experience of FX trading and accounting for FX transactions
- Understanding of trading concepts covering long/short positions; forwards/futures/ options/swaps; realised/unrealised positions; bid-offer spreads
- Understanding of accounting for IFRS 9 Financial Instruments and IFRS 13 Fair Value Measurement; derivatives; foreign currency transactions; revaluation; hedge accounting
- Ability to process and interrogate large trade datasets (50,000+ rows) quickly through spreadsheet, Power Apps or other analysis tools
- Experience with financial accounting and reporting systems e.g., SAP, BPC or similar systems
- Ability to learn and understand commercial aspects and associated accounting for a variety of contract types
