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Interim Senior Treasury Accountant

  • Location: Birmingham
  • Salary: Competitive
  • Job type: Contract/Temp
  • Job reference: GM168885
  • Sector: Commerce & Industry
Job Description

As Interim Senior Treasury Accountant, you will have responsibility for supporting Group Treasury from an accounting perspective. You will need to have strong skills and experience in both accounting and treasury, including corporate funding and costs, complex hedge accounting and financial instruments reporting.

 

Key responsibilities:

  • Required to maintain a complete understanding of all of the Group’s treasury transactions and balances, in particular its long term debt arrangements, financing costs and derivative hedging instruments - commodities (fuel), interest and foreign exchange.
  • Required to accurately account for these transactions and to be fluent with the Group’s treasury systems (Reval in particular, and also City Financials). The candidate will also need to have thorough knowledge of applicable International Financial Reporting Standards, including IFRS 9.
  • Regular testing of hedge effectiveness is fundamental to the role, as is the need to collaborate with front office and provide timely advice on the accounting impacts of new instruments proposed.
  • Required to communicate effectively with divisional finance staff on treasury accounting matters and to provide expertise. Also required to work effectively with external audit.
  • Responsible for monthly accounting and reporting of the Group’s financing costs, as well as forecasting costs for the annual budget and three-year strategic plan. Also responsible for monthly and year end management of a subsidiary company that holds the Group’s fuel hedging contracts.
  • Responsible for all of the disclosures in the Group’s Annual Report relating to financial instruments. For the December 2018 Annual Report, will need to research and apply for the first time the latest financial instrument disclosures as per IFRS 7 & 9.
  • Responsible for managing one member of staff who provides administrative support to the role.

 

Additional responsibilities include:

  • Preparing hedge documentation and processing and maintaining trades through Reval.
  • Assisting the Deputy Group Controller with any future developments in IFRSs.
  • Assessing half yearly compliance with banking covenants.
  •  Ad hoc analysis and reporting as required.
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