Group Treasury Controller
Rutherford Cross
Published
December 17, 2020
Location
Glasgow, United Kingdom
Job Type
Region
- Glasgow
Sector
Industry and Commerce
Specialism
Tax and Treasury

Description

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.

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