£60,000 to £85,000 Salary depending on Experience

A newly created opening for a qualified person with experience in treasury and hedge accounting to join the expanding department within the group head office based in Stoke-on-Trent. The purpose of this position is to enhance the Group’s current treasury function, reporting directly to the Group Chief Accountant and the Main Board. There will normally be 2 persons reporting to the Treasury manager / hedge accountant and the role will require readiness to be hands on and able to work as part of a small team.

Main duties & responsibilities of person

• Responsible for the currency hedging and transactional banking activities of the Group
• Daily Cash Management and Payment Authorisation for the UK entities; consisting of over 30 UK bank accounts and the management of balances within the set down overdraft limits
• Projected cash flow reporting; short and long term (2 year rolling) cash flow forecasting
• Management of the Group’s FX, including the proposal of hedging strategies to the board and working with the key banks to execute the approved hedging strategy.
• Conduct key accounting and reporting activities for the Group’s cash flow hedging activities – formal reporting twice a year in line with the Group’s published accounts with reviews of the currency ledgers on a quarterly basis.
• Implementation and maintenance of hedge accounting relationships for the Group consistent with the requirements of IFRS 9, including the preparation of hedge documentation, performing hedge designations or de-designations and supporting hedge effectiveness testing process when required
• Preparation of general ledger account reconciliations for derivative transactions to ensure integrity of accounting data
• Providing insight into derivatives movements and provide suitable commentary for review
• Execution of currency swaps and forward contracts using the FX portals of the Banks.
• Provide support to the Board when renewing / rolling existing banking facilities and any applications for new facilities.
• Any additional activities as deemed appropriate.

Requirements:

• Qualified accountant (ACA, ACCA, or CIMA) with significant technical accounting experience with in depth knowledge of hedge accounting under IFRS 9 (commodities, currency and interest rate hedging)
• Recognised Treasury qualification (ACT or equivalent) is desirable
• An eye for detail and accuracy in reporting
• Readiness to be hands on and work as part of a small team
• A discerning, challenging individual who is determined to add value to the role and is looking to provide practical real world solutions to what can be complex theoretical problems.
• To live or move to a location that is within 45 minutes max traveling time to Stoke on Trent  A relocation allowance would be considered.

For more information please forward you CV in confidence to John Hutchinson and I will call you to discuss further.