Senior Treasury Accounting Manager

2 weeks ago

London, United Kingdom Transport for London Full time

Job Description - Senior Treasury Accounting Manager (045440)

Senior Treasury Accounting Manager 045440

Organisation

Organisation - Chief Finance Officer Job

Job - Accountancy

Position Type - Full Time

Senior Treasury Accounting Manager 045440 
Band 4 
Salary: Circa £90,000/annum (Depending on experience) 
Contract Type: Permanent
Location: Palestra (Hybrid) 
Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period.Hybrid working arrangements can evolve subject to business requirements.

Job Purpose 

  • Leads the provision of a robust and accurate reporting and control function for the Group Treasury department.
  • Ensures compliance with statutory/regulatory requirements of TfL's borrowings, derivatives and investment portfolios, highlighting any significant financial/legal/regulatory issues, and identifying and implementing improvements to controls and processes. 

Key Accountabilities 

  • Manages the reporting in the Treasury management system from an accounting perspective in respect of debt, derivatives and investments, liaising with Treasury to ensure that at all times the system accurately reflects the correct accounting for all treasury transactions and that hedge accounting requirements are met
  • Manage the Treasury Accountant ensuring treasury postings are made accurately and on a timely basis
  • Manage the period end and year end accounts close processes ensuring that all transactions are recorded accurately and in compliance with Group Accounting Policies.
  • Lead on the preparation of Treasury forecasts, budget and plans, ensuring complex transactions are accurately reflected in SAP and that balance sheet and profit and loss assumptions are consistent, in line with the Group financing strategy and comply with Group Accounting Policies
  • Lead the production of robust and timely financial management reporting to the Treasury department, focusing on performance against budget and providing insightful variance commentary and analysis.
  • Manage the daily monitoring of all Treasury activity to ensure compliance with the TfL Board approved Treasury Management Policy and Annual Treasury Management Strategy and the Prudential Indicators at all times
  • Provide technical guidance and support to the Treasury team, and other business teams on accounting for financing items, including debt instruments, investments, interest rate and fix derivatives and hedging.
  • Control the preparation of the statutory/annual accounts pack(s) for Treasury items, including leading on the preparation of financial instrument disclosures in the financial statements and leading the Treasury audit process with the external auditors.
  • Set and monitor Prudential Indicators for debt affordability for the TfL Group, and report to the TfL Board and Mayor. 

Skills, Knowledge & Experience 

Skills 

  • Strong technical accounting knowledge (IFRS essential)-Excellent ability to analyse and report financial information
  • Knowledge of SAP desirable
  • Excellent spreadsheet and word skills
  • Strong technical understanding of accounting for and reporting on financial instruments 

Knowledge 

  • Forecasting (Experience)
  • Systems and Software (Experience)
  • Risk and control (Expert)
  • Management reporting and external reporting and ad-hoc communication (Experience)
  • Commercial acumen (Experience)
  • Prepare financial transactions, statements and information (Experience)
  • Planning and preparing for Audits (Expert)
  • Controls (Experience)
  • Professional Accounting principles & standards inc. technical accounting advisory (Expert) 

Experience 

  • Significant experience in a senior financial accounting position.
  • Experience of working in the Group Finance function of a large organisation with multiple divisions and practical experience of consolidations and statutory financial statement preparation
  • Significant experience of producing or auditing complex published accounts for listed group or similar organisation
  • Experience of managing finance-related aspects of business acquisitions or similar transactions, including systems, acquisition accounting, reporting, liaison with Tax and Legal advisers etc.
  • Significant experience of accounting for and reporting on treasury activities, including derivative financial instruments and hedge accounting 

Equality, Diversity, and Inclusion 

We are committed to equality, diversity, and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair. 

Application Process 

Please apply using your CV and a two page covering letter. Think carefully about the skills, knowledge and experience in the advert and cover this in your CV and cover letter. 

The closing date for applications is Tuesday 14th May 2024 @ 23:59 

We may close this advert early if we receive a high volume of suitable applications. 

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

  • Final salary pension scheme
  • Free travel for you on the TfL network
  • Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
  • 30 days annual leave plus public and bank holidays
  • TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
  • Tax-efficient cycle-to-work programme
  • Retail, health, leisure and travel offers
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