Record To Report Ops Assoc Manager

Skill required: Record To Report - Financial Consolidation & Close Operations

Designation: Record to Report Ops Assoc Manager

Qualifications:Chartered Accountant

Years of Experience:10 to 14 years

What would you do? This role would suit a qualified accountant with excellent Excel and / or data science skills and a passion for continuous improvement.
The role provides a fantastic opportunity to understand the complexities of a commodity trading business across a wide range of trading strategies and books. Reporting to the Head of Financial Control within the Finance team, this role will primarily support the Group Risk Management carried out by the CE business in London.
The role holder will support the FC team 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.

Record to Report (R2R) is a finance and accounting process that involves collecting, processing, and delivering accurate financial data. This includes recording transactions, reconciling accounts, and preparing financial statements. The goal is to provide a clear and accurate picture of a company s financial performance. Effective R2R processes ensure compliance with accounting standards and support informed decision-making. It is essential for financial transparency and accountability.
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 within Finance as the need arises

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

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

What are we looking for?

Understanding of trading concepts covering long/short positions; forwards/futures/ options/swaps; realized/unrealized 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 spreadsheets, Power Apps or other analysis tools (SQL/Python etc.)

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

Experience with financial accounting and reporting systems would be preferable. e.g. SAP, BPC, BW

Ability to learn and understand accounting and trading concepts

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

Technically savvy and desire to learn how to operate with trading systems (e.g. Endur, EOS, Falcon) and process and interrogate large trade datasets (50,000 rows) quickly through spreadsheet (or other) analysis tools

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

Accounting Graduates with minimum 3 - 5 years of relevant experience in F&A (CA, ICWAI or CMA preferred)

Relevant understanding of accounting for IFRS 9 Financial Instruments and IFRS 13 Fair Value Measurement; derivatives; foreign currency transactions; revaluation; hedge accounting.

Understanding of trading concepts covering long/short positions; forwards/futures/ options/swaps; realized/unrealized positions; bid-offer spreads. Presenting P&L and balance sheet to client stakeholders for review and signoff process

Good Accounting Skills & Sound understanding of Concepts & Principles.

Advanced MS Excel

SAP S4 HANA

Power BI

Good Oral & Written communication skills

Flexibility and Adaptability to a situation in quick time

Ability to work under pressure.

Experience with financial accounting and reporting systems would be preferable. e.g. SAP, BPC, BW

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

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

Roles and Responsibilities: Support the Month-End Financial Control process for CE. Examples include:

Journal upload & ensuring data integrity in SAP

Integrity review process with other Finance stakeholders

Income Statement/Balance Sheet/Cash Flow reporting deliverables

Month-End submission and controls completion

Year End and Half Year additional reporting requirements including Auditor deliverables
Help drive continuous improvement through the Finance automation agenda:

Gain efficiencies through using Microsoft Power Apps

Re-design and move process onto Power BI

Work with the rest of the team to build a world class accounting and reporting function

Develop effective working relationships with the wider Centrica Finance, Business Finance and Product Control teams to ensure the trading of the business is accurately represented in the external reporting.

Qualification Chartered Accountant