Treasury Accountant
Do you have strong technical management accounting experience working within Treasury Finance? Are you looking for a new challenging role? If the answer is yes to both of these then please read on!
This leading Financial Services organisation is looking to recruit a dynamic and progressive Finalist/Newly Qualified ACCA/ACA/CIMA Accountant who has experience of working within Treasury Finance (Not core Treasury) and IAS39.
Key Purpose of the job:
Ensure that banking transactions are accounted for in the optimal way under IFRS to minimise income statement and equity volatility.
Role requires an in-depth knowledge of banking products and their impact on banking volatility.
Responsible for the identification, documentation, testing and accounting for bespoke micro hedge accounting packages and also for the management of the macro cash flow and the macro fair value models.
The manager plays a key role in developing both existing processes and the control environment.
Production of MI and analytics to assess various hedge accounting relationships.
Liaison with other Finance teams as part of the reporting process, and liaison with other GCT Front Office teams as part of the day-to-day hedge accounting activities.
Accountabilities
Compile daily IFRS profit and loss reporting.
Analysis of new trades to determine appropriate accounting treatment under IAS39.
Identification, designation and documentation of micro hedge accounting relationships.
Retrospective and prospective testing of hedge accounting relationships to ensure compliance with IAS39.
Investigation into hedge ineffectiveness on new and existing hedge accounting relationships.
Ensuring the appropriate accounting treatment of existing hedge accounting relationships.
Continual assessment of the control environment, involving the design and implementation of control reports where applicable.
Continual improvement of existing IT processes to enhance the efficiency of the team’s activities.
Ad hoc work/projects as required, particularly at month end.
Technical Skills/Experience
Finalist/Qualified accountant or relative experience in a similar role (Interest rate and FX environment)
Good knowledge of banking products and the accounting for financial instruments
Good understanding of IAS 39, especially hedge accounting rules and application.
Intermediate/Advanced Excel
An aptitude and willingness to learn other IT processes
This role is interviewing now.
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