Senior Trading Accountant

Job Description

Global Energy Management & Sales ("GEMS") is one of the global business units of ENGIE. Its mission is to ensure the competitiveness of the group’s Business Units ("BU") and develop its own franchise trough a comprehensive range of servicesrelated to Trading and energy management.The UK Business Platform within BU GEM aims at developing GEM’s activities in the UK & Irish markets. It is organized as a fully-fledged platform with its own Front Office and Support Functions, working together with Expertise Centres and other BusinessPlatforms spread across geographies, to deploy locally the global know-how and tools of the BU.Our trading activity includes, but not limited to:

• Commodities traded: UK Power, UK Gas, TTF, and EU & UK Emissions
• Instruments: Commodity Forwards, Futures, Swaps, options, and FX hedges
• Contract structures: GTMA, NBP, ISDA, IETA, EFET, PPAs, Exchange Rules and bespoke contracts.

We are recruiting for a Senior Trading Accountant and Business Controller in London. This is a permanent role, working full time Monday to Friday. On offer, possibility of flexible working, and competitive salary and benefits package.The position is within the Business Platform UK ("BP UK") and part of the FINOPS Expertise Centre ("EC FINOPS"); you will be working closely with colleagues from both these teams.Key Relationships

• Reports to: Head of Finance & Back Office, Back Office, Business Platform UK ("BP UK")
• Team: Working in a team of 6. No direct reports

Key Responsibilities

• IFRS 9 Reporting - Responsible for the reporting of MtM accounting entries for monthly financial close, year-end, Statutory accounts and the Budget process.
• Analyse MtM variances and provide commentaries during the financial closing and audit processes.
• Ensure all derivative transactions are correctly identified, documented, reported, and valued to ensure compliance with IFRS, GEM and ENGIE Policies and guidance at all times.
• Liaise with other teams in BP UK to ensure they are briefed on the IFRS 9 impacts of trading decisions.
• In addition to the above, you will be the lead on IFRS accounting standards with respect to BP UK’s activity (e.g., IFRS 9, IFRS 15, IAS 32, etc), and implement updates to accounting standards and policies in the operational processes.
• Identify accounting risks and take proactive steps to address them with new processes and controls.
• Develop profitability analysis to support the business review process
• Ensure that the trading transactions are structured and booked to meet the most optimal and compliant derivative accounting for the group
• Manage the monthly opex accounting process and the annual opex budgeting process. You will liaise with the GEM cost control teams and ensure the BP’s opex is reported accurately and managed within budget whilst keeping the budget holders updated on theirspend.
• Provide cover to the accounting team when needed, usually during busy times and annual/sick leave. Therefore, from time to time, you will be required to process invoices and payment runs, accounting journals, cash collateral payments and similar.

Key Requirements

• Significant experience in Finance roles in the energy industry and/or a trading environment with experience in Mark-to-Market accounting is essential. A good understanding of the UK energy market is a plus.
• University degree in the finance field (economics or finance)
• Post degree accounting qualification (ACA, ACCA, CIMA or equivalent)
• Ability to balance accounting and control requirements with the commercial needs of the organisation.
• Experience of interpreting complex contracts and applying IFRS (IAS 39 & other relevant) standards.
• Experience in implementing accounting standard and policy changes within a business area
• Analytical and quantitative skills, combined with a hands-on approach
• Eager to work in a team, sharing information with different department and in high coordination with front office
• Advanced knowledge of office tools like Excel and information systems (e.g., SAP, Orchestrade). Experience with data analytics tools (VBA, python, Dataiku etc) is advantageous.
• Well organized, pro-active, and able to manage multiple tight deadlines