Hedge Accountant (IAS39/IFRS9) Hedge Accountant (IAS39/IFRS9) …

Fraser Carver Executive Search
in London, England, United Kingdom
Permanent, Full time
Last application, 15 Jun 19
c. £60-65k + Excellent Benefits
Fraser Carver Executive Search
in London, England, United Kingdom
Permanent, Full time
Last application, 15 Jun 19
c. £60-65k + Excellent Benefits
Fraser Carver are working with a reputable Bank in the City who are looking to hire a Qualified ACA with ideally 1-2 years post qual experience into their Banking Volatility Team sitting within Group Corporate Treasury. The ideal candidate will be Big 4 trained and have 1-2 years Treasury experience encompassing accounting for financial instruments/ Hedge Accounting (IFRS/ IAS39), and be looking for a move into industry.

Accountabilities


- Compile intra-month IFRS profit and loss reporting.
- Analysis of new trades to determine appropriate accounting treatment under IAS39.
- Identification, designation and documentation of micro hedge accounting relationships.
- Retrospective and prospective testing of hedge accounting relationships to ensure compliance with IAS39.
- Investigation into hedge ineffectiveness on new and existing hedge accounting relationships.
- Ensuring the appropriate accounting treatment of existing hedge accounting relationships.
- Continual assessment of the control environment, involving the design and implementation of control reports where applicable.
- Continual improvement of existing IT processes to enhance the efficiency of the team’s activities.
- Ad hoc work/projects as required, particularly at month end.

KEY COMPETENCIES

- Adapting to change and uncertainty
- Attention to detail
- Team working and coaching
- Providing excellent customer service
- Clear and regular communication with stakeholders
- Ability to manage change

KEY KNOWLEDGE / SKILLS

- Ability to work and communicate well in a team
- Willingness to proactively interact with other areas of finance and the business to communicate issues affecting other areas
- Capacity to continually raise, challenge and resolve issues as and when they arise

Technical Skills/Experience

- Qualified accountant
- Good knowledge of banking products and the accounting for financial instruments
- Strong understanding of IAS 39, especially hedge accounting rules and application.
- Intermediate/Advanced Excel

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