Senior Corporate Finance Manager - BATIF in London

BAT is evolving at pace into a global multi-category business. Our purpose is to create A Better Tomorrow™ by Building a Smokeless World. To achieve our ambition, we are looking for colleagues who are ready to join us on this journey!

British American Tobacco United Kingdom has an exciting opportunity for a Senior Corporate Finance Manager - BATIF in London. BATIF and BATOF are the key treasury vehicles for the British American Tobacco p.l.c. Group (the “BAT Group”). The role holder is responsible for preparation of the BATIF group and BATOF financial statements and management accounts, as well as forecasting and budgeting of the BAT Group’s Net finance cost (“NFC”). In addition, the role holder is responsible for the preparation of the BAT Group’s treasury related notes for the Annual Report and Accounts.

Your key responsibilities will include:

• Preparation of statutory financial accounts for BATIF Group and BATOF
• Review and approval of journals for BATIF/BATOF and ensuring timely close of BATIF/BATOF’s general ledger for monthly/quarterly reporting cycle, including review and maintenance of hedge documentation for swaps and review of effectiveness reports and net investment hedges, ensuring relevant SOX controls are operational and effective
• Reporting the BAT Group’s net finance cost, borrowings, cash, derivatives and investments held at fair value
• Forecasting of the BAT Group’s Net Finance Cost at current and constant rates (circa £1.8 billion) and tracking the actuals against forecast. Having regular catch ups with central treasury and CP&A regarding forecasted NFC and approval BATIF/BATOF’s BATCASH forecast
• Work closely with the Corporate Finance Controller responsible for cash management within CP&A on the BAT Group’s Net Debt targets and actual reporting (circa £40 billion)
• Provision of accurate financial instrument accounting advice to BAT Group companies and maintenance of GMAPP as necessary
• Provision of accounting support to the Global Treasury team during EMTN, SEC bond issuances and program updates including representation letters
• Support in defining functional requirements for BAT Group systems related projects eg Nexus Genesis / Pulse and performing user acceptance testing where necessary
• Involvement in ad-hoc projects which are driven by Group treasury team or Group Statutory Reporting team, including the drafting of technical accounting papers
• Assist U.S. Treasury company (BATCAP) with hedge accounting in respect of swaps and forecasting of NFC and provide accounting support to Group treasury and Group Tax

What are we looking for?

• Degree educated with professional qualification (CA/ACCA/CIMA/CPA/MBA)
• Experience of accounting/auditing for financial instruments, particularly as governed by IAS 32, IFRS9, IFRS7 and IAS 21 (and UK GAAP equivalents)
• Understanding of treasury risks and the management of those risks through financial instruments.
• Ability to simplify complex situations and synthesize, communicate and present complex information
• Detailed schedules are kept in Excel: ability to maintain, change and improve them.
• Knowledge of BPC reporting tool (stat and mgmt.)
• Understanding of SAP, in particular the Treasury module is desirable
• Previous experience in using Bloomberg software is desirable

What we offer you?

We offer a market leading annual performance bonus (subject to eligibility). Our range of benefits varies by country and includes diverse health plans, initiatives for work-life balance, transportation support, and a flexible holiday plan with additional incentives. Your journey with us isn't limited by boundaries; it's propelled by your aspirations. Join us at BAT and become a part of an environment that thrives on internal advancement, where your career progression isn't just a statement – it's a reality we're eager to build together. Seize the opportunity and own your development; your next chapter starts here. You'll have access to online learning platforms and personalized growth programs to nurture your leadership skills. We prioritise continuous improvement within a transformative environment, preparing for ongoing changes.

WHY JOIN BAT? We’re one of the few companies named as a Global Top Employer by the Top Employers Institute – certified in offering excellent employee conditions. At BAT, we champion collaboration, inclusion, and partnership as the bedrock of our values. We wish to foster an environment where every individual can thrive, irrespective of factors such as gender, sexual orientation, marital or civil partnership status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability, age, skills, experience, education, socio-economic and professional background, as well as diverse perspectives and thinking styles. We recognise that our strength lies in embracing talent from all walks of life, empowering us to develop our culture of inclusivity and better achieve our business objectives. We view career breaks not as obstacles but as opportunities and encourage everyone, without hesitation, to apply. Through our Global Returners program, we provide support to professionals seeking to re-enter the workforce after an extended absence, be it for family care, parental leave, national service, sabbatical, or starting their own venture. Come bring your difference and see what is possible for you at BAT. Learn more about our culture and our award winning employee experience here. We take pride in being a Disability Confident Employer. If you need any reasonable adjustments or accommodations to be made during the recruitment process to support you performing at your best, please inform the recruitment partner who will be in touch should your profile be selected for the role you applied for. We are wholeheartedly committed to optimising your prospects of success by making suitable arrangements so that you may showcase your full potential.