A vital and highly specialised role within the TfL Finance Directorate to provide a reporting and control function for the Group Treasury Department. By demonstrating a strong understanding of hedging accounting and derivative financial instruments you will ensure compliance with statutory and regulatory requirements of TfL’s borrowing, derivatives and investment portfolios, highlighting any significant financial/legal/regulatory and counterparty credit risks reporting.
Key Accountabilities
Provide knowledge on Local Authority Capital Finance Regulations and IFRS and keeping abreast of constant developments
Calculation and monitoring of Prudential Indicators for Capital Finance as legally required by the CIPFA Prudential Code, and annual statistical returns to CLG on Treasury Management covering capital expenditure, debt and investments
Maintain the database for debt and derivatives and keep interest payable and receivable costs and collateral settlements under review, ensuring the SAP accounting records correctly reflect the data
Ensure effective and robust management systems are in place to manage treasury risks such as counterparty or credit default risks
Daily monitoring of all Treasury activity to ensure compliance with the TfL Board approved Treasury Management Policy and Annual Treasury Management Strategy and the Prudential Indicators at all times
Daily monitoring and reporting of derivative and investment positions, and weekly reporting to the Managing Director, Finance, Capital Finance Office (CFO) and Group Treasurer of all positions
Ensure all derivatives transactions qualify as cashflow hedges under IFRS, keep hedge documentation fully up to date and advise on the impact of any changes to accounting standards on the hedging programme
Ensure correct calculation and submission of interest payable, receivable, investments and borrowings for budget and forecasts purposes (calculated correctly and in a timely manner) periodically
Knowledge
Professional accounting qualification
(Essential)
Treasury qualification
(Desirable)
Graduate or graduate calibre
(Essential)
Very good technical accounting knowledge (IFRS essential)
(Essential)
Excellent spreadsheet and word skills (Microsoft Office)
(Essential)
Knowledge of SAP
(Desirable)
Good understanding of treasury systems
(Essential)
Understanding of public sector environment
(Desirable)
Skills
Excellent analytical skills with the ability to analyse and report financial information
(Essential)
Ability to work individually and as part of a team
(Essential)
Ability to deliver to tight deadlines
(Essential)
Ability to manage complex tasks in a structured and efficient manner requiring the input from many stakeholders
(Essential)
Ability to scope, plan and deliver discrete pieces of work to improve quality and efficiency of the department and to collaborate with other programmes
(Essential)
Highly numerate
(Essential)
Accuracy and attention to detail
(Essential)
Excellent verbal, written and presentational skills
(Desirable)
Ability to communicate financial information to non-financial managers
(Essential)
Self-starter able to work on own initiative and cope with fast moving environment
(Desirable)
Influencing, networking and cross-functional working skills
(Desirable)
Building and sustaining strong team relationships within and outside the department
(Essential)
Experience
Significant experience in a senior financial accounting position
(Desirable)
Experience of working in the Group Finance function of a large organisation with multiple divisions and practical experience of management and statutory consolidations, or equivalent experience of auditing similar organisations
(Desirable)
Experience of financial risk management and treasury reporting activities
(Essential)
Excellent benefits include:
30 days holiday plus public and bank holidays
Final salary pension scheme
Free Tube travel and travel concessions including discounted Eurostar travel
Private medical insurance
To apply for this role please submit an up-to-date CV and covering letter (maximum 2x A4 sides) detailing how you meet the knowledge, skills and experience criteria as detailed above.
Important
Due to the nature of this role an offer of employment will be subject to a satisfactory financial probity and CRB screening as part of our pre-employment screening process.
Closing date: 25
th
November 2012 at 23:00hrs
Transport for London - 6 months ago
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