Senior Derivatives Accountant

Marlin Selection Ltd; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A financial recruitment agency is seeking a skilled professional to lead the hedge accounting framework, ensuring compliance and effective documentation. The role requires expertise in IFRS standards and experience in hedge accounting within the upstream oil and gas sector. Candidates should possess strong analytical skills, excellent communication abilities, and a proactive approach. Key responsibilities include overseeing derivative valuations and driving system integrations with SAP, contributing to finance transformation projects.

Qualifications

• Must hold an accounting qualification such as ACA, ACCA, or CIMA.
• Practical understanding of IFRS standards is essential.
• Experience in hedge accounting particularly within upstream oil and gas commodity markets is important.

Responsibilities

• Lead hedge accounting framework enhancement and compliance.
• Oversee derivative valuations, reporting, and performance analysis.
• Drive integration of Treasury and Trading systems with SAP.

Skills

Accounting qualification (ACA, ACCA, CIMA or equivalent)

Understanding of IFRS standards (IAS 32, IFRS 7/9)

Advanced Excel and analytical skills

Excellent communication skills

Stakeholder management skills

Proactive, self-starting approach

Education

Accounting qualification

Tools

Treasury Management System

Job description

• Leading and enhancing the hedge accounting framework, ensuring robust documentation, effectiveness testing, and compliance across commodities, FX, and interest rate instruments.
• Overseeing derivative valuations and reporting, including mark-to-market calculations, interest accruals, and performance analysis for P&L and balance sheet reporting.
• Driving Treasury and Trading system integration with SAP, ensuring accuracy and efficiency of financial data flows.
• Contributing to finance transformation projects, such as Treasury Management System implementation and accounting process improvements.
• Partnering with internal stakeholders to support financial reporting, audits, and treasury-related transactions, ensuring consistency and strong financial controls.

You will need to have the following experience:

• Accounting qualification (ACA, ACCA, CIMA or equivalent).
• Understanding of IFRS standards (IAS 32, IFRS 7/9) and their practical application.
• Experience of hedge accounting within upstream oil and gas commodity markets
• Advanced Excel and analytical skills, with strong attention to detail and accuracy.
• Excellent communication and stakeholder management skills across Finance, Treasury, and Trading teams.
• A proactive, self-starting approach with the ability to deliver under pressure in a fast-paced environment.
• Experience of using a Treasury Management System is preferred.

If you are interested, please do apply or get in touch with Paula at Marlin Selection.