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$65k–$76k/yr
Full-time
professional certificate
Flexible Working, Work From Anywhere (up to 30 days a year), Diversity And Inclusion Commitment
Posted 43d ago
~40 hrs/week
Responsibilities
The role involves taking ownership of derivative accounting, valuation, and financial reporting to deliver the Group's first hedge accounting programme. You will translate complex trading activity into accurate reports while ensuring compliance with IFRS standards across various financial hedges and power contracts.
Requirements
Candidates must be a qualified accountant (ACA, ACCA, or CIMA) with post-qualification experience in derivatives or financial instruments, preferably in the energy or commodities sector. Proven hands-on expertise in IFRS 9 hedge accounting, including designation, documentation, and effectiveness testing, is required.
Full job description
We are looking for a technically strong Hedge & Derivatives Accountant to play a key role in delivering the Group's first hedge accounting programme. Reporting to the Derivatives Controller, you will take ownership of derivative accounting, valuation, reconciliations, and financial reporting, ensuring compliance with IFRS 9 and IFRS 13 across a diverse portfolio of financial hedges, PPAs, and intercompany power contracts. Working closely with Finance, Risk, Trading, and Front Office teams, you will translate complex trading activity into accurate financial reporting while supporting the continued development of the Group's hedge accounting framework.
This is an excellent opportunity for an experienced technical accountant who enjoys working in a collaborative, fast-paced environment and wants to help shape a growing and evolving hedging function.
What skills/experience do I need to be successful?
Qualified Accountant (ACA, ACCA or CIMA) with post-qualification experience in derivatives or financial instruments accounting, ideally within the energy, utilities or commodities sector;
Proven hands-on experience of IFRS 9 hedge accounting, including hedge designation and documentation, effectiveness testing, cash flow hedges, and accounting for OCI reserves;
Strong technical knowledge of IFRS 9, IFRS 13 and IFRS 7, including fair value measurement, financial instrument disclosures, own-use exemption, and fair value option elections;
Experience accounting for and reporting on derivative financial instruments, with a good understanding of products such as PPAs, forwards, and power contracts, and their treatment under IFRS 9.
What sets us apart?
Global Impact: With offices in the UK, US, and Australia, and plans for further expansion, you'll be part of a dynamic, globally-minded team, with opportunities to explore new markets and make a difference on a global scale.
Flexible Working: Embrace the freedom to work from anywhere in the world for up to 30 days a year. We prioritize work-life balance, recognizing that your well-being matters. Find out more here.
Commitment to Diversity and Inclusion: We celebrate our diverse culture and value individuals irrespective of background, disability, religion, gender identity, sexuality, or ethnicity. Join a team where diversity is not just welcomed but celebrated as a key driver of growth and innovation.
What does hybrid working mean to us?
Hybrid working typically means 2 days in the office location listed on this advert and 3 days working at home each week. Some occasional travel to our other offices may be required.
What happens next?
Once we receive your application, it will be reviewed by a human – no bots here! The average process typically takes around 2-3 weeks, with 2 stages of video interviews using Teams. However, this can vary depending on the role. We may invite you for a face-to-face meeting or require only 1 video interview. If you have any questions or need support, our Recruitment Team is here to assist you.
Ready to join us on our journey to digitise, decarbonise, and localize the future of energy? Apply now.
We're committed to making the application process easy and comfortable. Let us know how we can help you with any reasonable adjustments that can be tailored to your needs. At the bottom of each of our adverts you can find one of our recruitment teams' contact details. Please reach out so we can discuss with you further.
SmartestEnergy is a people-powered energy company, empowering switched on customers, generators and partners to get to net zero. We know the journey to 100% renewable energy is complex, because everyone’s at different stages with unique needs. That’s why our model is flexible, our advice is unbiased, and our innovative retail solutions are realistic.
We’re driving the worldwide transition to net zero with offices in the UK, the United States and Australia. As a growing community, we can make the system fairer and more powerful. We can better show the realities and rewards of switching from fossil fuels to clean energy. Connect generators to customer demand. Accelerate the market. Create jobs. And champion greener, smarter energy for generations.
SmartestEnergy. Empowering a greener generation.
Offices: The Columbus Building, 7 Westferry Circus, London, E14 4HD, GB · Grafton House, 15-17 Russell Road, Ipswich, IP1 2DE, GB · 333 W Washington St., Syracuse, New York 13202, US · Ridgeworth House, Liverpool Gardens, Worthing, BN11 1RY, GB · Level 4, 36 Carrington Street, Sydney, NSW 2000, AU
Business ElectricityRenewable ElectricityPower Purchase Agreementsand Renewable CertificatesEnergy
SmartestEnergy is a people-powered energy company, empowering switched on customers, generators and partners to get to net zero. We know the journey to 100% renewable energy is complex, because everyone’s at different stages with unique needs. That’s why our model is flexible, our advice is unbiased, and our innovative retail solutions are realistic.
We’re driving the worldwide transition to net zero with offices in the UK, the United States and Australia. As a growing community, we can make the system fairer and more powerful. We can better show the realities and rewards of switching from fossil fuels to clean energy. Connect generators to customer demand. Accelerate the market. Create jobs. And champion greener, smarter energy for generations.
SmartestEnergy. Empowering a greener generation.
Offices: The Columbus Building, 7 Westferry Circus, London, E14 4HD, GB · Grafton House, 15-17 Russell Road, Ipswich, IP1 2DE, GB · 333 W Washington St., Syracuse, New York 13202, US · Ridgeworth House, Liverpool Gardens, Worthing, BN11 1RY, GB · Level 4, 36 Carrington Street, Sydney, NSW 2000, AU
Business ElectricityRenewable ElectricityPower Purchase Agreementsand Renewable CertificatesEnergy