At a Glance
- Tasks: Manage trading accounting and business control for energy transactions in a dynamic environment.
- Company: Join ENGIE UK, a leader in energy management and trading.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Collaborative team of 6, based in London with excellent career advancement potential.
- Why this job: Make an impact in the energy sector while developing your finance skills.
- Qualifications: 5+ years in finance roles with strong analytical and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Supply and Energy Management ("SEM") is one of the global business units of ENGIE. Its mission is to ensure the competitiveness of the group's business units and develop its own franchise through a comprehensive range of services related to trading and energy management. The Energy Management UK ("EM UK") business platform, within SEM, aims at developing SEM's activities in the UK & Irish markets. It is organized as a fully‑fledged platform with its own Front Office and Support Functions, working together with Expertise Centres and other Business Platforms spread across geographies, to deploy locally the global know‑how and tools of the BU.
Trading Activity
- Commodities traded: Power, Gas and environmental certificates such as REGO, RGGOs, and CO₂.
- Instruments: Commodity forwards, futures, swaps, options, and FX hedges.
- Contract structures: GTMA, NBP, ISDA, IETA, EFET, PPAs, Exchange Rules and bespoke contracts.
Role Overview
The position is within the UK business platform called Energy Management UK ("EM UK") and is also part of the FINOPS Expertise Centre ("EC FINOPS"). You will work closely with colleagues from both teams. The company is normally based at the Broadgate Tower, London, and offers hybrid working.
Accountabilities
Trading Accounting
- IFRS 9 reporting – responsible for reporting MtM accounting entries for monthly financial close, year‑end, statutory accounts and the budget process.
- Analyse MtM variances and provide commentaries during the financial closing and audit processes.
- Ensure all derivative transactions are correctly identified, documented, reported and valued to ensure compliance with IFRS, SEM and ENGIE policies and guidance at all times.
- Liaise with other teams in BP UK to brief them on the IFRS 9 impacts of trading decisions.
- Lead on IFRS accounting standards for BP UK activity (e.g., IFRS 9, 15, 16, IAS 32) and implement updates to accounting standards and policies in operational processes.
- Identify accounting risks and take proactive steps to address them with new processes and controls.
Business Control and Analysis
- Develop profitability analysis to support the business review process, including deep dives into various business and accounting issues.
- Create new reports, KPIs and reconciliations and embed them into business processes.
New Business Support
- Ensure trading transactions are structured and booked to meet the most optimal and compliant derivative accounting for the group.
- Analyze, agree and document the accounting treatment of new business in a timely manner and ensure booking follows agreed treatment.
Cost Control
- Manage the monthly opex accounting process and the annual opex budgeting process.
- Liaise with the SEM cost control teams to report BP’s opex accurately and manage within budget while keeping budget holders updated on spend.
Finance Operations
- Provide cover to the accounting team during busy periods and annual/sick leave.
- Process invoices and payment runs, accounting journals, cash collateral payments and similar tasks.
Project Work
- Lead continuous improvement processes and controls to keep them fit for purpose.
- Represent FINOPS in various projects and committees and respond to other reasonable reporting and project requests.
Integration within EC FINOPS / Finance Line
You are expected to liaise with and promote the integration of BP UK within the EC FINOPS and finance line communities across ENGIE.
Skills and Competencies
- Relevant professional experience in the energy industry and/or trading.
- Analytical and quantitative skills, combined with a hands‑on approach.
- Team‑player – eager to share information with different departments and coordinate with the front office.
- Advanced knowledge of office tools like Excel and information systems (SAP, Orchestrade).
- Experience with data analytics tools (VBA, Python, Dataiku) is advantageous.
- Well organised, proactive and able to manage multiple tight deadlines.
- Assertive, inquisitive, stress resistant and high integrity.
- Pragmatic, logical attitude combined with problem‑solving skills.
- Client‑focused mindset with a desire to deliver practical solutions.
- Strong business drive, tenacious, with a desire to learn and coordinate inputs/actions of various units.
- Excellent communication – articulate and clear, including to non‑accountants (write accounting papers).
Experience
- 5 or more years in Finance roles in the energy industry and/or a trading environment with experience in Mark‑to‑Market accounting.
- Good understanding of the UK energy market is a plus.
- Ability to balance accounting and control requirements with the commercial needs of the organisation.
- Experience interpreting complex contracts and applying IFRS (IAS 39 & other relevant) standards.
- Experience implementing accounting standard and policy changes within a business area.
Qualifications
- University degree in finance, economics or related field.
- Post‑degree accounting qualification (ACA, ACCA, CIMA or equivalent).
Team & Location
- Team of 6 people, no direct reports.
- Business Unit: Supply & Energy Management.
- Legal Entity: ENGIE UK Limited.
- Location: Broadgate Tower, London (hybrid working).
Employment Level
- Senior (experience >15 years).
- Education level: Master’s Degree.
Company
ENGIE UK
Senior Trading Accountant and Business Controller in City of London employer: Engie
ENGIE UK is an exceptional employer, offering a dynamic work environment at the iconic Broadgate Tower in London, where hybrid working fosters flexibility and work-life balance. With a strong focus on employee growth, ENGIE provides opportunities for professional development within the energy sector, alongside a collaborative culture that encourages innovation and teamwork. Employees benefit from engaging in meaningful projects that directly impact the energy market, all while being part of a supportive team dedicated to excellence in trading and financial operations.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Trading Accountant and Business Controller in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the energy and trading sectors on LinkedIn. Join relevant groups, attend webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research ENGIE and its SEM division thoroughly. Understand their trading activities and recent developments in the UK energy market. This will help you tailor your answers and show that you're genuinely interested in the role.
✨Tip Number 3
Show off your skills! Bring examples of your analytical work or reports you've created in previous roles. If you’ve used tools like Excel, VBA, or Python, be ready to discuss how they helped you solve problems or improve processes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at ENGIE and contributing to their mission in the energy sector.
We think you need these skills to ace Senior Trading Accountant and Business Controller in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Trading Accountant and Business Controller role. Highlight your relevant experience in trading, IFRS standards, and any analytical skills that match what we're looking for.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this position. Share specific examples of your past achievements in finance and how they relate to the responsibilities outlined in the job description.
Showcase Your Skills:Don’t forget to mention your proficiency with tools like Excel, SAP, and any data analytics software you’ve used. We want to see how your technical skills can contribute to our team!
Apply Through Our Website:For the best chance of success, apply directly through our website. This ensures your application gets to the right people and shows us you're serious about joining our team at StudySmarter.
How to prepare for a job interview at Engie
✨Know Your IFRS Inside Out
Make sure you brush up on IFRS 9, 15, and 16 before the interview. Be ready to discuss how these standards impact trading accounting and how you've applied them in your previous roles. This will show that you're not just familiar with the concepts but can also implement them effectively.
✨Showcase Your Analytical Skills
Prepare examples of how you've used your analytical skills to solve complex problems in trading or finance. Whether it's developing profitability analyses or creating new KPIs, be ready to share specific instances where your insights made a difference.
✨Demonstrate Team Collaboration
Since this role involves liaising with various teams, think of examples where you've successfully collaborated across departments. Highlight your ability to communicate complex accounting issues clearly to non-accountants, as this is crucial for the position.
✨Be Ready for Technical Questions
Expect technical questions related to commodity trading, derivatives, and financial reporting. Brush up on your knowledge of the UK energy market and be prepared to discuss how you would approach new business support and cost control in this context.
