Commodity Derivatives Accountant

Company

ScottishPower is part of the Iberdrola Group, one of the world's largest integrated utility companies and a world leader in wind energy.

ScottishPower is the first integrated energy company in the UK to generate 100% green electricity. Our focus is on wind energy, smart grids and driving the change to a cleaner, electric future and we're investing over £7m every working day to make this happen. We're committed to speeding up the transition to cleaner electric transport, improving air quality and over time, driving down bills. Business

Energy Wholesale Control forms part of our Corporate function. At ScottishPower, we know people are central to building a better future, quicker and we are seeking new talent to join our team. Purpose

You will be responsible for the provision of accurate, timely and robust financial results for Commodity Derivatives (and associated foreign exchange trades) for the Liberalised Business. Ensure the provision of accurate, timely and robust analysis of Commodity Derivatives providing information to enable the manager to make appropriate operational, commercial and strategic decisions - delivering pre-emptive, high quality analysis explaining the key performance drivers and giving reasons for fluctuations in performance. Make sure that the ledger (for Reported and Actuals) is updated correctly/accurately and ensuring the appropriate level of monitoring/analysis and maintenance of the control environment. Responsibilities

Support the manager in providing technical accounting advice and opinions to the Energy Wholesale (EW) business on new or unusual and often leading edge, transactions and contracts and identify and develop creative strategies to mitigate P&L volatility. Plan, prepare and complete the month end actual and forecast processes for management information on commodity activities. Plan, prepare and complete the EW subsidiary statutory accounting process for commodity activities. Be capable of explaining to external audit EW's assessment of accounting treatment for commodity and hedge relationships to ensure that they satisfy external audit requirements. Pro-actively keep up to date with ongoing developments in financial accounting under IFRS, interpreting these developments and review and articulate the potential implications for ScottishPower. Make a significant contribution to the design and implementation of the hedge accounting and reporting systems, challenging proposals and presenting alternatives. Identify and communicate opportunities to improve business processes and activities. Develop relationships with key staff across the wider Control team and the operational and commercial area within Global Energy Management such that the business activities are understood and accurately reflected in the accounts. Skills and Requirements

We are looking for individuals with great analytical mindset; strong technical accounting knowledge of International Financial Reporting Standards; strong financial modelling skills. You will need to demonstrate as a minimum: Qualified accountant with post qualification experience. High level of commercial awareness. Confidence, ability and presence to constructively challenge at all levels What we Offer

This is a Permanent Full-time contract. Salary for this role will be min. from £37120 per annum, annual Bonus up to 10%. As part of our commitment to a supportive and inclusive place to work, we recognise that our employees have different personal circumstances and want a suitable work-life balance. We are working hard to support flexible and alternative ways of working where possible including: Flexible Working, Shared Parental Leave, Career Breaks, Wellbeing / Employee Assistance Programme.

You will also have access to our flexible benefits programme where you can decide what is important for you. 'Happy to talk flexible working' Other Information

Location: Glasgow HQ Selection Method: Competency based interview CLOSING DATE: 11 Sept 2020