Financial Gov + Projects Snr Accountant

Job TitleFinancial Gov Projects Snr Accountant

LocationGlasgow

Salary from 52400 up to 15% bonus and health cover

Flexible Working Pattern

Help us create a better future quicker

Reporting to the Projects and Financial Governance Manager (PFGM) the role of the Project and Financial Governance Senior Accountant (PFGSA) is a critical role in Control. It is a varied role with different challenges providing good exposure to all of SPs key financial reporting processes and liaising with a wide range of stakeholders across the group.

SP are playing a leading role in the delivery of a clean low-carbon system for the UK currently investing 18 million every working day between 2024 and 2028 to help create a better future quicker. SPs focus on investment in renewable energy and the electricity grid alongside measures to support the electrification of heat and transport align with the crucial pillars in achieving the UK Governments climate targets and energy security goals.

The group is expected to continue to enter complex hedging instruments to mitigate any FX commodity interest or inflation exposures associated with these large capital expenditure projects. As suppliers look to pass on price risk there will also be an increasing number of embedded derivatives within purchase contracts. The postholders main purpose is to deliver an endtoend service-from coordinating with the relevant business and business control teams to determine the appropriate technical accounting treatment for derivatives at inception through to ensuring these derivatives are accurately reflected in the financial results of both the entity and the wider IBE Group as they are executed and subsequently closed out. They will also have responsibility for the preparation of both entity and consolidated disclosures for Iberdrola reporting and statutory accounts.

The PFGSA will also have responsibility for; the implementation of derivative related accounting policy changes within the SP Group and ad-hoc projects within the SP Group.

As a member of the Group Control team they will support the Group Financial Controller and the PFGM as required driving delivery of the Group Control Team objectives. The PFGSA will support other processes within the Group Reporting team as and when required.

They will actively encourage a positive team environment within their own team the wider Control team and the Business areas building relationships and fostering good ways of working across all areas such that a co-operative approach is taken to all issues projects and initiatives.

Whatyoullbe doing

• Responsible for preparing the derivative financial results of ScottishPower for key IBE financial cycles (actuals reported rev and budget). The individual will be responsible for the integrity completeness and accuracy of the results all of which must be produced within the required timelines.
• Responsibility for the preparation of the year end Iberdrola Reporting Pack of SP in line with IBE Control requirements and timelines for the areas associated with derivative financial instruments. This also includes meeting the additional disclosure requirements specified by IBE at 30 June and 30 September.
• Responsibility for preparing all financial instrument disclosures for the SP Groups consolidated financial statements and for subsidiaries statutory and regulatory accounts ensuring full compliance with relevant company law and applicable accounting standards.
• Responsible for the implementation of new or complex derivative transactions or accounting policy changes within financial reporting. This includes IBE Reporting SP Reporting and the related subsidiary accounts.
• Responsibility for ensuring a strong control environment ensuring that all processes are delivered comply with the Group Financial Governance Procedure.
• Support the external auditor in all of the above processes assisting in the successful resolution of any audit issues identified.
• Updating processes and procedures documents clearly and concisely and maintaining them thereafter.
• Supporting in other ad-hoc projects as and when required.

Technical Financial Governance and Control

• Ensure that new derivative related accounting policies or processes are implemented into ScottishPower including preparation of comprehensive process notes and risk documents by the relevant SP business and work with the Internal Assurance team to ensure the control environment associated with these changes is fit for purpose.

• Maintain technical knowledge to ensure that external reporting information complies with relevant accounting standards and legal practice. Providing IFRS technical support to the business units advising on complex accounting issues associated with derivatives. This will involve liaison with IBE Control team Business control teams the Control senior leadership team Treasury and Senior Leaders within the IBE and UK businesses.
• Contribute to a positive team environment within own team
• Continually challenge current business processes to seek and deliver on-going efficiencies.

Whatyoullbring

• Qualified Accountant with PQE of at least one year and a strong current technical and business knowledge
• High level of commercial awareness with a good understanding of SP markets and the relationships across the SP group.
• Pro-active person who anticipates issues and problems and puts in place effective strategies to manage these.
• Confidence ability and presence to constructively challenge at all levels.
• Strong self-performance management and delivery focus with the ability to balance conflicting requirements. Ability to plan organise and prioritise workload.
• Strong spreadsheet skills
• Attention to detail when completing all tasks.
• Strong written and verbal communication skills

Whatsin it for you

As well as a competitive salary which is reviewed annually you can also enjoya number ofother benefits. With our pension schemewelldouble match your contribution up to a company contribution of 10%.

At ScottishPower we believeitsthelittle thingswe do in life that makea big difference. From helping you look after your familys wellbeing save for yourfutureand take personal steps for climate action our benefits are designed to help you do just that - so that you have everything you need to take care of your world today and tomorrow.Thatswhy our benefits include:

• 36 days annual leave

• Holiday Purchase perfect your work/life balance with extra annual leave

• Share Schemes

• Payroll Giving and Charity Matched Funding

• Technology Vouchers save more and spread the cost of your technology purchases

• Electric Vehicle Schemes to help you transition to green/clean driving

• Cycle to Work scheme and Public Transport Season Ticket Loans

• Healthcare benefit optionsincluding:Dental Insurance Private Medical Insurance Health CashPlanand annual Health Assessments

• Life Assurance (4x salary)

• Access toSavesmartfinancial wellbeing support

• Plusshopping leisure restaurant and gym discounts and unique employee deals on travel insurance and more

Why ScottishPower

ScottishPower is part of the Iberdrola Group one of the worlds largest integrated utility companies and a world leader in wind energy. With a commitment to generateall ofour energy from renewable resources and a drive to create the energy infrastructure of the futurewereat the forefront of the journey to Net Zero and investing over 6m every working day to make this happen. With diverse opportunities across our businesses and a commitment to invest in our own internal talent ScottishPower can offer people real career opportunities that meet personal and professional goals in a global organisation.

Inclusion diversity and a social purpose are at the heart of everything we do. Together with our values they bring us together into a stronger more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours so whatever your backgroundyoullfit right in.

ScottishPower is committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities long term conditions mental health conditions or who are neurodivergent or require pregnancy-related support. If you need support please reach out to.