Treasury Officer - Bank Reconciliations in London

At National Grid, we keep people connected and society moving. National Grid supplies us with the environment to make it happen. As we generate momentum in the energy transition for all, we don't plan on leaving any of our customers in the dark. So, join us as a Treasury Accountant, and find your superpower.

The Treasury Finance team play a vital role in providing comprehensive reporting for Group Treasury and are at the forefront of financial operations, reporting, and business partnering within a £47bn financing portfolio, numerous hedging derivatives and £1.8bn in financing costs! We are seeking a passionate Treasury Accountant to enhance our Treasury Financial Reporting team.

In this role, you will be responsible for delivering complete and accurate financial and management reporting for Group Treasury activities across the UK and US. You will provide business partnering support to various Treasury functions, including debt capital markets, money markets, corporate finance, and operational banking teams, to help enhance Treasury financial information, improving decision‐making and control.

This role offers significant opportunities to enhance your technical accounting skills while gaining valuable insights into Treasury execution and operations. You will be part of a forward-thinking finance strategy aimed at establishing a world-class function.

This role will be based in our Strand office, where we encourage you to be present two days a week. However, we welcome you to spend more time in the office if that suits you better. We are also open to discussing flexible working arrangements to ensure this role aligns with your needs.

What You'll Do

• Deliver accurate and timely accounting and financial reporting for Treasury activities, ensuring transactions are appropriately captured within Quantum and Bloomberg HEFF and accurately reflected in SAP and BPC.
• Perform monthly analysis and balance sheet substantiation, ensuring financial results are accurate, well understood and compliant with Sarbanes-Oxley (SOX) controls.
• Deliver quality Treasury forecasts as part of the quarterly reforecasting, partnering with front office teams to understand key movements and analyse the impact of changes in volumes, interest rates and other market drivers.
• Analyse and coordinate consolidated IFRS reporting for the Group Annual Report and Accounts, including treasury and financial risk disclosures, and report UK GAAP and US GAAP for subsidiaries.
• Support the analysis and verification of treasury information required for UK regulatory returns (OFGEM).
• Contribute to enhancements of Treasury Management Systems and reporting processes, identifying opportunities to improve efficiency, strengthen controls and meet evolving stakeholder requirements.
• Build strong relationships across Treasury and Finance, becoming a trusted source of financial insight and providing practical solutions to accounting, reporting and business challenges.
• Support wider Treasury Finance initiatives and ad-hoc projects, providing analysis and technical accounting input where required.

What You'll Have

• Qualified Accountant (ACA, ACCA or CIMA).
• Knowledgeable in technical accounting under IFRS and UK GAAP, particularly in financial instruments (IFRS 9 and IFRS 7).
• Awareness of treasury financial instruments and hedge accounting.
• Strong analytical thinker with excellent financial reporting skills.

Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid, we are committed to building a diverse, inclusive, and authentic workplace for everyone.

As well as your base salary, you will receive a bonus based on personal and company performance with an on target of 15% (maximum 30%) and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.

Further Information

This is a hybrid working role from our Strand office with circa two days in the office. The closing date for this vacancy is Midnight 4 November 26, with interviews due to take place w/c 9 November 26 onwards.

About us

Every day we deliver safe and secure energy to homes, communities, and businesses. To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow.

This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business. At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people.

We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated and able to reach their full potential.