Hedge & Derivatives Accountant

SmartestEnergy Limited; Greater London; On-site; GBP 65,000 - 76,000; Full time

Benefits offered by this job

Flexible working for up to 30 days a year

Commitment to diversity and inclusion

Dynamic global team

Job summary

SmartestEnergy Limited is seeking a Hedge & Derivatives Accountant to deliver its first hedge accounting programme. This role involves ownership of derivative accounting and financial reporting under IFRS standards, contributing to a collaborative team environment.

The ideal candidate will be a qualified accountant with experience in financial instruments, particularly within the energy sector. The position offers opportunities for global impact and flexible hybrid working arrangements.

Qualifications

• Post-qualification experience in derivatives or financial instruments accounting.
• Hands-on experience of IFRS 9 hedge accounting, including hedge designation.
• Technical knowledge of IFRS standards including fair value measurement.

Responsibilities

• Take ownership of derivative accounting, valuation, reconciliations, and financial reporting.
• Translate complex trading activity into accurate financial reporting.
• Ensure compliance with IFRS 9 and IFRS 13 across diverse portfolios.

Skills

Qualified Accountant (ACA, ACCA or CIMA)

Experience in derivatives or financial instruments accounting

Strong technical knowledge of IFRS 9 and IFRS 13

Experience with hedge accounting

Understanding of PPAs, forwards, and power contracts

Education

Qualified Accountant (ACA, ACCA or CIMA)

Job description

Yearly salary 65,000.00 GBP - 76,000.00 GBP.

We are looking for a technically strong Hedge & Derivatives Accountant to play a key role in delivering the Group's first hedge accounting programme. Reporting to the Derivatives Controller, you will take ownership of derivative accounting, valuation, reconciliations, and financial reporting, ensuring compliance with IFRS 9 and IFRS 13 across a diverse portfolio of financial hedges, PPAs, and intercompany power contracts. Working closely with Finance, Risk, Trading, and Front Office teams, you will translate complex trading activity into accurate financial reporting while supporting the continued development of the Group's hedge accounting framework.

This is an excellent opportunity for an experienced technical accountant who enjoys working in a collaborative, fast‑paced environment and wants to help shape a growing and evolving hedging function.

What skills/experience do I need to be successful?

• Qualified Accountant (ACA, ACCA or CIMA) with post‑qualification experience in derivatives or financial instruments accounting, ideally within the energy, utilities or commodities sector.
• Proven hands‑on experience of IFRS 9 hedge accounting, including hedge designation and documentation, effectiveness testing, cash flow hedges, and accounting for OCI reserves.
• Strong technical knowledge of IFRS 9, IFRS 13 and IFRS 7, including fair value measurement, financial instrument disclosures, own‑use exemption, and fair value option elections.
• Experience accounting for and reporting on derivative financial instruments, with a good understanding of products such as PPAs, forwards, and power contracts, and their treatment under IFRS 9.

What sets us apart?

Global Impact

With offices in the UK, US, and Australia, and plans for further expansion, you'll be part of a dynamic, globally-minded team, with opportunities to explore new markets and make a difference on a global scale.

Flexible Working

Embrace the freedom to work from anywhere in the world for up to 30 days a year. We prioritise work‑life balance, recognising that your well‑being matters.

Commitment to Diversity and Inclusion

We celebrate our diverse culture and value individuals irrespective of background, disability, religion, gender identity, sexuality, or ethnicity. Join a team where diversity is not just welcomed but celebrated as a key driver of growth and innovation.

What does hybrid working mean to us?

Hybrid working typically means 2 days in the office location listed on this advert and 3 days working at home each week. Some occasional travel to our other offices may be required.