Senior Treasury Accounting Manager - Southwark, United Kingdom - Reed Finance

Reed Finance
Reed Finance
Verified Company
Southwark, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description
This public sector organisation is looking for a Senior Treasury Accounting Manager that is an IFRS 9 SME.

You do not need public sector experience. Private sector experience in treasury management is more relevant.

Leads the provision of a robust and accurate reporting and control function for the Group Treasury department.

Ensures compliance with statutory/regulatory requirements of the organisations borrowings, derivatives and investment portfolios, highlightingany significant financial/legal/regulatory issues, and identifying and implementing improvements to controls and processes.


The role leads the provision of the transactional accounting, management, financial reporting and back-office control function for the Group Treasury department.

The individual ensures compliance with statutory/regulatory requirements of the organisationsborrowings, derivatives and investment portfolios, highlighting any significant financial/legal/regulatory issues, and identifying and implementing improvements to controls and processes.


The key deliverables that these tasks have an impact on are the the organisations Financial Statements, prudential borrowings limits and reporting to the GLA/Central Government and other statutory returns.


The consequences of not delivering the financial statements are a legal breach of our statutory obligations, which is significant reputational damage to the organisations has a potential default on our debts.

The consequences of not delivering and monitoringour prudential borrowings limits are that the organisations would be in breach of our legal borrowings limits and would result in Directors and the organisations acting ultra vires (beyond the law).

There is a lot of technical understanding required to monitor these limits as it is not a straightforward calculation.


This role is a key specialist responsible for leading the provision of a complete back-office finance support function to the Treasury team as well as for the accuracy and robustness of the organisations financial instrument reporting.

The role holder needsto be an expert on IFRS 9 Financial Instruments and related standards. They would also need to understand not only the theory but also the practical implications of hedge accounting.


Must be:
Qualified accountant.

Must have:
Specific treasury accounting experience.

Desirable:
AMCT qualification (diploma in treasury management)
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