Job Information
National Grid Lead Accountant Treasury in London, United Kingdom
We’re looking for a passionate Lead Accountant Treasury Financial Reporting to join our Group Financial Control team. The Lead Accountant role reports to a Treasury Financial Reporting Manager, with responsibilities to work with all members of the Treasury Finance team and thus covering different aspects of the portfolio, to ensure accurate data capture and subsequent accounting in both the transaction system (Quantum) and into the reporting ledgers (SAP and BPC). Significant opportunities to work independently, while developing critical technical accounting skills while gaining exposure and understanding to Treasury execution and operations.
Additionally, The Treasury Finance team has responsibility for ensuring the complete and accurate financial and management reporting of the Group (UK and US) Treasury activity including circa £45bn financing portfolio with significant number of associated hedging derivatives and reported financing costs of c£1.8bn. The team provides business partnering supports to the Treasury function including debt capital markets, money markets, corporate finance and operational/ and banking teams.
This role is be based out of our Strand office, and we’d hope to see you at least two/three days per week but you’re welcome to be in the office more often if that would work best for you. We’re happy to discuss any additional flexibility in working patterns or requirements that you feel could help to make this job work for you!
What You'll Do
Delivery of quality forecast information as part of the quarterly reforecasting process. This requires direct engagement with the front office and detailed volume rates analysis.
Management of the monthly analyses and proofs on treasury business, which validate reported financial numbers. This will include Sarbanes Oxley documentation. Areas for responsibility likely to include, but not limited to interest analysis and the hedging of foreign currency investment and revenues
Co-ordination of the US Treasury portfolio reporting, both for IFRS Group and US statutory requirements, ensuring completion of SOX controls and efficient validation procedures for the US portfolio and developing partnering relationships with the US based Treasury team and the US finance team.
Analysis and co-ordination for the Group Annual Report and Accounts (and half year) consolidated IFRS reporting for the treasury and financial risk related disclosures in the published financial statements of National Grid plc and of other listed companies and subgroups within the National Grid. Responsible for further analysis to report UK GAAP for UK finance subsidiaries and US GAAP for the US division statutory reporting.
Participation in treasury management system (TMS) enhancements, maximising leverage and efficiencies from the system capabilities. Ensuring continuous improvement on business process and flexibility to meet changing demands from stakeholders. Assist in ad-hoc projects as required to leverage the TMS system, and reporting tools and processes.
Oversight of analysis and verification for treasury information and disclosures as required for trading statements, interim and final result announcements, shareholder or bond circulars, and for UK regulatory (OFGEM) returns.
Stakeholder engagement is an important component of the role, understanding, and exceeding expectations to become a trusted source of information and providing innovative and flexible solutions to challenges received
What You'll Have
Graduate and ACA qualified accountant or equivalent.
Good technical accounting under IFRS and UK GAAP and awareness of Treasury related accounting standards IFRS 9, FRS 101 and 102 and IFRS 7.
Awareness of treasury financial instruments together with relevant accounting and financial reporting.
Strong analytical and financial reporting skills.
Enthusiastic and self-motivated and commitment to professional delivery.
Excellent communication and team working skills.
Experience of relevant systems Quantum (TMS), S4H or BPC is preferred but not essential.
Don’t meet every single requirement? Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid, we are committed to building a diverse, inclusive, and authentic workplace for everyone. So, if you’re excited about this role but your experience or qualifications don’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one.
What You'll Get
Up to £74,000 dependent on experience.
Plus:
Up to 15% Annual Bonus (based on personal and company performance).
28 days annual leave, plus eight statutory days in addition.
The option to buy additional or sell holiday days every year.
A generous contributory pension scheme - we will double match your contribution to a maximum company contribution of 12%.
Financial support to help cover the cost of professional membership subscriptions.
Life Insurance 10 x base salary.
Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days).
Access to apps which support health, fitness, and wellbeing.
Further Information
This is a hybrid working role from our Strand office with circa 2/3 days in the office. The closing date for this vacancy is Midnight 25 Nov 24, with interviews due to take place w/c 2 Dec 24 onwards. We encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.
About us
Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business
At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.
Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated and able to reach their full potential.
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