Senior Accountant (Commodity Trading)

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We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We're energisers. One team of 21,000 colleagues that’s energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion and more potential. That’s why working here is #MoreThanACareer. We do energy differently – we do it all. We make it, store it, move it, sell it and mend it. 
 

About your team: 

At Centrica Energy, our mission is to move it.  

We’re energy movers by nature. We’re a global renewable energy trading company which helps move energy from source to use – powering businesses, homes, and societies as they transition to a new sustainable energy future. If the idea of working to create a sustainable energy future also moves you, we may very well be the right place for you.

Centrica Energy (CE) is the trading arm of Centrica. We trade gas, power, LNG and provide the route to market for our upstream and power generation operations.

We are looking for an Senior Accountant to own the financial accounting and reporting for the London Commodity Trading business as well as the valuation of commodities and foreign exchange positions within Centrica Energy and other parts of Centrica. The role provides a fantastic opportunity to understand the complexities of a commodity trading business across a wide range of trading strategies and books. This role would suit a qualified accountant with excellent Excel skills and a passion for continuous improvement.

The role holder will lead one of the Financial Control sub-teams in developing financial accounting, reporting and related control processes whilst maintaining an effective system of internal control to ensure integrity and accuracy of financial reporting throughout a sustained period of change.

This is a London (close to Marble Arch) based role with 3 days per week being office based.

The Job role:

• Own the financial accounting, reporting and related control processes for the valuation of commodities and foreign exchange positions within Centrica Energy and other parts of the Centrica Group

• Transform and modernise Financial Control processes including identifying processes that could be transferred offshore and support development of interfaces between the ERP (SAP) and trading source systems (Endur/Falcon), ensuring integrity and accuracy of financial reporting throughout a sustained period of change

• Support the completion of stats for all Centrica Energy Entities with reference to derivative and fair value disclosures and adjustments. This includes providing commentary for Legal Entity team / Group BPM / Group Tax and liaising with auditors on questions on these entities

• Own the FX Reporting for the Centrica Group including monitoring and helping set up the accounting of FX hedges for other areas of Centrica, as well as monitoring the 3 CE FX books to ensure they are accounted for correctly in SAP

• Own and develop the Month-End Financial Control accounting processes including:

  • Journal upload & ensuring data integrity in SAP

  • Monthly reporting review process for P&L, Cashflow and Balance Sheet with Finance stakeholders

  • Reporting of FX positions working with Treasury

  • FX Hedge Accounting for CE and other Centrica businesses

  • Commodity Hedge Accounting for CE books

  • Group reporting requirements at Year End and Half Year for: Derivatives & Hedge Accounting; Fair Value of Financial Instruments; Financial Risk Management; and Commitments.

• Support delivery of Year End and Interim audits. Create and manage good relationships with the external auditors

• Develop effective working relationships with Business Finance and Product Control to ensure trading is accurately represented in the external reporting.

The Person:

• Qualified Accountant.

• Experience of physical and financial energy markets and accounting for transactions in these markets

• Experience of FX trading and accounting for FX transactions

• Understanding of trading concepts covering long/short positions; forwards/futures/ options/swaps; realised/unrealised positions; bid-offer spreads

• Understanding of accounting for IFRS 9 Financial Instruments and IFRS 13 Fair Value Measurement; derivatives; foreign currency transactions; revaluation; hedge accounting

• Ability to process and interrogate large trade datasets (50,000+ rows) quickly through spreadsheet, Power Apps or other analysis tools

• Experience with financial accounting and reporting systems e.g., SAP, BPC or similar systems

• Ability to learn and understand commercial aspects and associated accounting for a variety of contract types

• A process-focused individual with a passion for continuous improvement and ability to deliver change involving multiple stakeholders

• A self-starter who can identify issues as they arise and resolve them with minimal involvement from manager

• A team player who can collaborate with others as the need arises

• Comfortable with ambiguity and calm under pressure with the ability to juggle and prioritise multiple deliverables with a high degree of self-management

• Ability to present a complex subject in a clear and simple way.

#LI-CET

Why should you apply?  
 
We’re not a perfect place – but we’re a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too. Visit the link below to discover why we’re a great place to work and what being part of more means for you. 
 
https://www.morethanacareer.energy/centricaenergy

If you're full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.   

 
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