Senior Accountant

Adecco; London; On-site; GBP 70,000 - 110,000; Full time

Job summary

A leading company is seeking a Financial Control Lead to oversee financial accounting and reporting processes related to commodities and foreign exchange. The successful candidate will manage the transformation of financial control processes, ensuring the integrity and accuracy of reporting systems. Ideal applicants will be qualified accountants with expertise in financial markets and relevant accounting principles.

Qualifications

• Qualified Accountant with experience in financial energy markets.
• Proficient in FX trading and accounting for transactions.
• Understanding of IFRS 9 and IFRS 13 regulations.

Responsibilities

• Lead financial accounting and reporting processes for commodities and foreign exchange.
• Transform Financial Control processes and support offshore transitions.
• Monitor and account for FX hedges and ensure integrity in reporting.

Skills

Financial accounting

Reporting

FX trading

Accounting for transactions

Data analysis

Education

Qualified Accountant

Tools

SAP

Power Apps

Job description

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