At a Glance
- Tasks: Lead complex treasury and hedge accounting, ensuring compliance with IFRS standards.
- Company: Join Newcastle Building Society, a diverse and inclusive employer.
- Benefits: Competitive salary, hybrid working, generous leave, and health perks.
- Other info: Flexible working options and a supportive environment for career growth.
- Why this job: Make a real impact in financial reporting while developing your technical expertise.
- Qualifications: Qualified accountant (ACA, ACCA, or CIMA) with strong analytical skills.
The predicted salary is between 49317 - 65000 £ per year.
As a Technical Accountant, you’ll join the External Reporting & Accounting team as a senior technical specialist, with a particular focus on treasury and hedge accounting across the Group. This is a highly visible role where you’ll lead and support complex accounting areas, ensuring the accurate treatment of treasury-related financial instruments and compliance with IFRS requirements.
You’ll act as the subject matter expert for treasury accounting, partnering closely with Treasury, Balance Sheet Management and wider Finance teams. From providing technical guidance on complex transactions to supporting the delivery of high-quality external reporting, you’ll play a key role in maintaining robust financial reporting and strong controls.
You will be a qualified accountant (ACA, ACCA or CIMA) with strong technical expertise, particularly in hedge accounting and the application of IFRS 9 / IAS 39. You’ll bring hands-on experience of working with complex financial instruments, alongside the ability to interpret and apply accounting standards with confidence and clarity.
With excellent analytical skills and attention to detail, you’re comfortable navigating complex accounting judgements and providing clear, well-reasoned recommendations. You’re also a strong communicator who can influence and collaborate effectively with stakeholders across Finance, Treasury and beyond.
Our functional vision is built on leadership, partnering for value, building specialised teams and ensuring our technology roadmap is based on future focused systems. The Financial Operations & Control function brings together all operational activities and centres of excellence within Finance. This includes everything from closing the ledger, through to regulatory reporting and technical accounting, as well as accounts payable and payroll.
As an inclusive employer and member owned mutual, we aim to reflect the diverse communities we serve and encourage applications from candidates of all backgrounds. We believe everyone should feel valued, respected, and celebrated for who they are, we want colleagues to feel this is a place they belong. A place to be you.
What do you get in return? As well as receiving a competitive annual salary based on above-market pay scales, our reward package includes:
- Financial Corporate bonus scheme (on target 10%, up to a maximum 15%)
- Pension scheme (up to 9% employer contribution)
- Annual performance related pay reviews
- Colleague mortgage scheme
- Electric car salary sacrifice scheme
- Life assurance (4x salary) and income protection
- Access to our financial advisers
- Access to a range of high street and online discounts
Work/Life Balance
- A 35-hour weekly contract - We are happy to talk flexible working and welcome discussions
- 30 days’ annual leave + bank holidays
- The option to buy and sell up to 5 days’ holiday
- Hybrid working (typically 3 days’ home based)
- Above statutory family leave entitlement - 3 months full pay, 3 months half pay, regardless of gender or route to parenthood
Health and Wellbeing
- Private medical insurance
- Access to a health cash plan through a Medicash scheme
- Access to an employee assistance programme
- Free onsite gym at our Cobalt head office and access to discounted gyms
- Two paid volunteering days each year
- Cycle to work scheme
Recognising there’s no one-size-fits-all approach to recruitment, we’re committed to ensuring every candidate has the opportunity to showcase their full potential throughout the recruitment process. We strive to make our processes as accessible as possible, if there are any ways in which we can provide support or make adjustments, we would love to discuss this with you.
Technical Accountant employer: Newcastle Building Society
Contact Detail:
Newcastle Building Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Technical Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in treasury or accounting. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on IFRS standards and hedge accounting specifics. We recommend practising common technical questions with a mate or in front of the mirror to boost your confidence.
✨Tip Number 3
Showcase your analytical skills during interviews. Bring examples of how you've tackled complex financial instruments or accounting challenges in the past. This will help you stand out as a strong candidate.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining our team.
We think you need these skills to ace Technical Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Technical Accountant role. Highlight your qualifications, especially your experience with hedge accounting and IFRS standards. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you the perfect fit. We love seeing genuine enthusiasm and clear communication.
Showcase Your Analytical Skills: As a Technical Accountant, strong analytical skills are key. In your application, provide examples of how you've navigated complex accounting issues in the past. We want to know how you approach problem-solving!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Newcastle Building Society
✨Know Your IFRS Inside Out
As a Technical Accountant, you'll need to demonstrate your expertise in IFRS 9 and IAS 39. Brush up on these standards and be ready to discuss how you've applied them in past roles. Prepare examples of complex financial instruments you've worked with to showcase your hands-on experience.
✨Showcase Your Analytical Skills
Highlight your analytical skills during the interview by discussing specific scenarios where you navigated complex accounting judgements. Be prepared to explain your thought process and the recommendations you made, as this will show your ability to provide clear, well-reasoned insights.
✨Communicate Effectively
Strong communication is key in this role. Practice articulating your thoughts clearly and confidently, especially when discussing technical topics. Think about how you can influence and collaborate with stakeholders, and prepare to share examples of successful partnerships you've built in previous positions.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that test your problem-solving abilities in treasury and hedge accounting. Prepare by thinking through potential challenges you might face in the role and how you would address them. This will help you demonstrate your proactive approach and readiness for the complexities of the job.