Accounting Policy Manager

Recruiter
Goodman Masson
Location
London
Salary
55000.0000
Posted
16 Apr 2017
Closes
16 May 2017
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
The Accounting Policy Manager role provides guidance and assurance on the application of accounting policy in supporting and reporting to the Head of Accounting Policy as part of a small team.

The Accounting Policy team is responsible for establishing accounting policies that relate to external reporting standards and providing advice and training on the application of these policies.

The Accounting Policy team also has a responsibility to provide a level of assurance to
management that relevant accounting policies have been effectively applied. The team provides advice on all new business initiatives and thus the role is an excellent opportunity to learn about a wide variety of activities and to work with a broad spectrum of people within the organisation.

Key accountabilities
1. Understand new business activities and provide advice on the accounting treatment of these transactions.
2. Provide advice to Finance teams on the application of the Group Reporting Manual, in particular in relation to commodity contracts, derivative accounting, leases and inventory accounting.
3. Participate in annual reviews for the various regions/businesses on the application of the Group Reporting Manual to routine and non-routine transactions.
4. Perform reviews of the year end submission of data for ARA/20-F disclosures of their activities.
5. Be aware of emerging accounting literature / new accounting standards, contribute to the implementation of new guidance affecting the business.
6. Support the Head of Accounting Policy and Assistant Head of Accounting Policy through the quarter-end Due Diligence process.
7. Liaise with other areas, including commodity risk, accounting and reporting, and trading managers and marketing and origination (M&O), in understanding operations and their impact on policy.
8. Interact with other Group accounting policy teams to share best practices and lessons learned, ensuring consistent application of policy across the group.
9. Participate in delivery of training on accounting policy matters to a variety of audiences.

The successful candidate will be a Qualified Accountant (ACA, CIMA, ACCA, or CPA) and technically proficient in IFRS, especially on the application of IAS 39 to energy trading commodity transactions.

They will have experience in a large public accounting firm in relation to the application of IFRS, demonstrable experience of making accounting policy judgements, or experience in the accounting for a trading business, preferably commodities based.