New Retained Job - The Weir Group, Glasgow City Centre

Reporting to the Group Accounts Manager, the Group Treasury Controller is a critical position that will have important stakeholder management responsibilities across Group Finance, Group Treasury and the CFO, liaising and supporting divisional FDs and FCs globally. Key accountabilities include treasury/FX accounting and reporting under IFRS and IFRS9 / IAS 39 regulations, advising on the treasury implications of tax structuring and involvement with transactions and M&A activity.  Based in Glasgow city centre, you will have line management responsibility for one direct report.

 The Job / Responsibilities

Statutory reporting

•  Manage hedge accounting for the Group Treasury function and provide advice to other Group operations also applying hedge accounting
• Monitor hedge effectiveness, produce necessary documentation and carry out testing
• Prepare disclosure notes under IFRS 9 / IFRS 7 for year end and half year reporting
• Liaise with the external auditors

Management accounting

•  Preparation, review, and provision of financial management information for a variety of treasury related entities
• Consolidation and review of monthly management information for exchange, derivatives, net debt and interest for the Group as a whole
• Valuation, analysis and reporting of derivative instruments including responsibility for the maintenance of hedge accounting relationships
• Preparation and completion of quarterly budgets and forecasts for relevant entities within the Group
• Preparation, analytical review and challenge of exchange, interest and net elements of the consolidated Group budgets and forecasts
• Management reporting and analysis of all treasury balances
• Net investment hedge accounting
• Valuation of derivatives
• Annual budget and quarterly forecasting of P&L and cash flow positions

  Operational duties

• Liaise with global treasury teams on hedge accounting issues, providing pertinent advice re. accounting treatment of potential new products/derivatives
• Manage cash flow forecasting
• Support treasury and accounting staff with reporting and analysis functions
• Involvement in ad hoc and topical improvement

 M&A

• Analysing the impact of acquisitions and making recommendations on the implications from a treasury perspective, as well as supporting newly acquired businesses with implementation of controls

Systems

• Review and approve all systems changes to reflect new facilities, derivative valuations, etc.
• Provide training on Treasury Management System around Group

Candidate Requirements:

•  CA/ACA/ACCA/CIMA qualified with minimum 5 years post qualification experience
• Recent experience in a Managerial role
• ACT qualification helpful but not essential

This rare opportunity will offer a competitive basic salary with a generous package. To discuss in confidence please contact the retained advisor, [email protected] or call 07494 280 152.