At a Glance
- Tasks: Lead hedge accounting and financial reporting for a global manufacturing business.
- Company: Join a dynamic global manufacturing firm with a strong focus on financial innovation.
- Benefits: Enjoy a full-time role with opportunities for professional growth and development.
- Why this job: Make an impact in risk management while working with cutting-edge financial instruments.
- Qualifications: 5+ years in financial accounting, expertise in IFRS 9 and hedge accounting required.
- Other info: Ideal for those passionate about finance and looking to advance their career.
The predicted salary is between 48000 - 72000 £ per year.
I have recently been instructed on a brilliant role for a global manufacturing business. The role is responsible for complex hedge accounting and leading on everything IFRS 9 within the function.
The main responsibilities are:
- Hedge Accounting Application: Apply IFRS 9 hedge accounting principles to various hedging activities (fair value hedge and cash flow hedge). Ensure that hedge relationships are documented and maintained in compliance with the standard.
- Hedge Effectiveness Testing: Conduct regular assessments of hedge effectiveness. Ensure hedges meet the criteria for effectiveness under IFRS 9, with a focus on ensuring that hedging strategies are aligned with the company’s risk management objectives.
- Hedge Designation and Documentation: Draft and maintain hedge documentation in accordance with IFRS 9 standards, clearly defining the hedging relationships, the hedged items, the hedging instruments, and the risk management strategy. Ensure that hedge documentation is reviewed and updated as required.
- Financial Reporting: Prepare and review financial reports related to hedge accounting, including the treatment of hedging instruments and hedged items in the financial statements.
- Derivative Valuation and Accounting: Oversee the valuation of derivatives. Work with Treasury and Risk teams to ensure accurate valuations and risk assessments.
- Risk Management Collaboration: Work closely with risk management and treasury teams to identify and analyse financial risks (e.g., interest rate, currency, commodity price risks).
- Audit and Compliance Support: Support internal and external audits associated with financial instruments and hedge accounting.
To be considered, you must have:
- Experience: Minimum of 5 years of experience in financial accounting, with a strong focus on IFRS 9 hedge accounting, derivatives, and risk management. Experience working within a financial institution, corporate treasury, or with hedge accounting tools/software is highly desirable.
- Technical Expertise: Proficiency in understanding of IFRS 9 with specific expertise in financial instruments, derivatives and hedge accounting and its application.
- Communication Skills: Excellent written and verbal communication skills. Ability to explain complex hedge accounting concepts and issues clearly to non-technical stakeholders.
If you would like to be considered, then please apply with your CV!
Treasury Accounting and Financial Instruments Lead employer: Brewer Morris
Contact Detail:
Brewer Morris Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury Accounting and Financial Instruments Lead
✨Tip Number 1
Familiarise yourself with IFRS 9 and its application in hedge accounting. Understanding the nuances of hedge effectiveness testing and documentation will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the treasury and risk management sectors. Engaging with industry peers can provide insights into current trends and challenges, which you can discuss during your interview.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully applied hedge accounting principles. Real-world scenarios will demonstrate your expertise and problem-solving skills.
✨Tip Number 4
Stay updated on the latest developments in financial instruments and derivatives. Showing that you're proactive about your professional growth can impress potential employers and set you apart from other candidates.
We think you need these skills to ace Treasury Accounting and Financial Instruments Lead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with IFRS 9 hedge accounting and derivatives. Use specific examples from your past roles that demonstrate your expertise in these areas.
Craft a Strong Cover Letter: In your cover letter, explain why you are the perfect fit for the role. Discuss your experience in financial accounting and how it aligns with the responsibilities outlined in the job description.
Highlight Communication Skills: Since excellent communication skills are essential for this role, provide examples of how you've effectively communicated complex financial concepts to non-technical stakeholders in your previous positions.
Showcase Technical Expertise: Emphasise your technical knowledge of IFRS 9 and hedge accounting tools/software. Mention any relevant certifications or training that support your qualifications for the position.
How to prepare for a job interview at Brewer Morris
✨Master IFRS 9 Concepts
Make sure you have a solid understanding of IFRS 9 and its application in hedge accounting. Be prepared to discuss specific examples of how you've applied these principles in your previous roles, as this will demonstrate your expertise.
✨Showcase Your Analytical Skills
Highlight your experience with hedge effectiveness testing and derivative valuation. Be ready to explain your approach to assessing hedge effectiveness and how you ensure compliance with IFRS 9 standards.
✨Communicate Clearly
Since the role requires explaining complex concepts to non-technical stakeholders, practice articulating your thoughts clearly and concisely. Use simple language to describe intricate hedge accounting processes during the interview.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in risk management and financial reporting. Think of past experiences where you successfully navigated challenges related to hedge accounting and be ready to share those stories.