At a Glance
- Tasks: Manage hedge accounting and financial reporting for a diverse portfolio of financial instruments.
- Company: Join a global energy company with a commitment to innovation and sustainability.
- Benefits: Flexible working, competitive salary, and a focus on work-life balance.
- Other info: Diverse culture that values inclusion and offers excellent career growth opportunities.
- Why this job: Shape the future of energy while working in a dynamic, collaborative environment.
- Qualifications: Qualified Accountant with experience in derivatives and IFRS standards.
The predicted salary is between 60000 - 80000 £ per year.
We are looking for a technically strong Hedge & Derivatives Accountant to play a key role in delivering the Group's first hedge accounting programme. Reporting to the Derivatives Controller, you will take ownership of derivative accounting, valuation, reconciliations, and financial reporting, ensuring compliance with IFRS 9 and IFRS 13 across a diverse portfolio of financial hedges, PPAs, and intercompany power contracts. Working closely with Finance, Risk, Trading, and Front Office teams, you will translate complex trading activity into accurate financial reporting while supporting the continued development of the Group's hedge accounting framework.
This is an excellent opportunity for an experienced technical accountant who enjoys working in a collaborative, fast-paced environment and wants to help shape a growing and evolving hedging function.
What skills/experience do I need to be successful?
- Qualified Accountant (ACA, ACCA or CIMA) with post-qualification experience in derivatives or financial instruments accounting, ideally within the energy, utilities or commodities sector;
- Proven hands-on experience of IFRS 9 hedge accounting, including hedge designation and documentation, effectiveness testing, cash flow hedges, and accounting for OCI reserves;
- Strong technical knowledge of IFRS 9, IFRS 13 and IFRS 7, including fair value measurement, financial instrument disclosures, own-use exemption, and fair value option elections;
- Experience accounting for and reporting on derivative financial instruments, with a good understanding of products such as PPAs, forwards, and power contracts, and their treatment under IFRS 9.
What sets us apart?
- Global Impact: With offices in the UK, US, and Australia, and plans for further expansion, you'll be part of a dynamic, globally-minded team, with opportunities to explore new markets and make a difference on a global scale.
- Flexible Working: Embrace the freedom to work from anywhere in the world for up to 30 days a year. We prioritise work-life balance, recognising that your well-being matters.
- Commitment to Diversity and Inclusion: We celebrate our diverse culture and value individuals irrespective of background, disability, religion, gender identity, sexuality, or ethnicity. Join a team where diversity is not just welcomed but celebrated as a key driver of growth and innovation.
What does hybrid working mean to us?
Hybrid working typically means 2 days in the office location listed on this advert and 3 days working at home each week. Some occasional travel to our other offices may be required.
What happens next?
Once we receive your application, it will be reviewed by a human – no bots here! The average process typically takes around 2-3 weeks, with 2 stages of video interviews using Teams. However, this can vary depending on the role. We may invite you for a face-to-face meeting or require only 1 video interview. If you have any questions or need support, our Recruitment Team is here to assist you.
Ready to join us on our journey to digitise, decarbonise, and localise the future of energy? Apply now.
We're committed to making the application process easy and comfortable. Let us know how we can help you with any reasonable adjustments that can be tailored to your needs.
Hedge & Derivatives Accountant in London employer: SmartestEnergy
Join a forward-thinking company that prioritises global impact and employee well-being, offering a collaborative work culture where diversity is celebrated. As a Hedge & Derivatives Accountant, you'll have the opportunity to shape a growing hedging function while enjoying flexible working arrangements and a commitment to your professional growth in a dynamic environment. With offices across the UK, US, and Australia, you can make a meaningful contribution to the future of energy on a global scale.
StudySmarter Expert Advice🤫
We think this is how you could land Hedge & Derivatives Accountant in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like SmartestEnergy. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Hedge & Derivatives Accountant in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to SmartestEnergy.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on SmartestEnergy's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at SmartestEnergy
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with SmartestEnergy.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at SmartestEnergy will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former SmartestEnergy employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
