TECHNICAL ACCOUNTING MANAGER

  • Gazprom

Job Description

This position will be responsible for effectively managing financial reporting risk, providing value add advice to commercial deals and lead financial training across the GM&T Group. Gazprom Marketing & Trading (GM&T) is a subsidiary of the Gazprom group – the world’s largest gas producer and one of the world’s largest energy companies. Headquartered in London, GM&T operates to provide Gazprom group with a global marketing reach, round the clock operational coverage and excellent customer service. Established in 1999, GM&T has grown from a single office in London into a truly global organisation, with around 1000 employees worldwide. With offices in Europe, Asia and the USA, GM&T trades energy commodities including gas, power, oil, LPG, helium, emissions, LNG and FX and also operates a retail business, trading as Gazprom Energy. Our culture is defined by our people. Through living our values every day we continue to create a culture that enables us all to succeed. We work as one team with our customers, our parent company and each other in order to understand each other’s needs. With an unstoppable passion for excellence, growth and learning, we’re committed to creating an environment that fosters the development of knowledge, skills and experience, so that our people can thrive and prosper in their careers with us. We believe that we have the best team in the industry which makes us a trusted partner across international capital and energy markets. Our diverse employee base, with a wealth of expertise, knowledge and experience makes GM&T a truly exciting place to work. We encourage new ideas and initiatives as innovative thinking is central to how we do business. Most importantly, we are a growing and developing business where inspired individuals can make a difference and help shape our future. ROLE OBJECTIVES This position will be responsible for effectively managing financial reporting risk, providing value add advice to commercial deals and lead financial training across the GM&T Group. DUTIES & RESPONSIBILITIES Technical Accounting: • Evaluation of specific commercial issues relating to GMT’s trading, origination and business development activities, with direct liaison with finance and non finance senior management across the business. • Review and maintenance of established Group accounting procedures and policies, ensuring ongoing accuracy with commercial and IFRS developments, compliance and consistency across the Group • Act as centre of expertise for technical accounting issues across GMT’s global subsidiaries, in addition GMT’s parent company and the wider Gazprom Group. This would involve a high level of liaison with senior management across the Group • Advice to business and Finance Managers on technical accounting issues (e.g. statutory reporting and disclosure issues, month end reporting issues, budgeting, planning and forecasting issues, with focus on high value and complex items such as new contracts, acquisitions and reorganisations) including development of relevant workshops if necessary. • Proactively manage GMT’s external auditors on a broad range of issues – including technical accounting, reporting & disclosures, operational and commercial. Develop robust IFRS papers, based on a deep commercial understanding to support the audit process. • Complete financial decision support papers for Director of Finance and other senior finance management to aid established internal corporate governance processes. • Perform technical assessment of new financial reporting developments, including providing comments to the IASB on proposed changes to IFRS standards • Work on special ad hoc projects seen across the GMT and Gazprom Group, including M&A activity, corporate restructuring & debt arrangements. • Run and manage the GMT Global Finance Academy – provide tailored monthly training to GMTs global finance staff. Representation at Industry Forums: • Attendance at industry seminars/peer group meetings – Big 4 Round table events and the International Energy Accounting Forum. • Liaison with peer group utility, energy and trading companies on IFRS developments and active participation at lobbying forums with the IASB and other relevant bodies. Management: • Aid the Head of Accounting & Control covering implementation of finance related projects including implementation of new trading and financial reporting systems. • Aid the Head of Accounting & Control in reviewing and managing the work of the Finance department. • Aid the Head of Accounting & Control in staff supervision and development. SKILLS & COMPETENCIES Skills: • Very strong accounting skills required, particularly IFRS. These skills must have been demonstrated in practice; theoretical knowledge will not be sufficient. • Outstanding technical accounting skills are essential, i.e. the ability to understand and interpret complex trading contracts, place that interpretation into the conceptual accounting framework and subsequently ensure the derived treatment is applied in practice. • Detailed understanding of financial instruments is essential. Competencies: • Ability to quickly build trust with senior management in non finance functions. • Very strong team-player with ability to demonstrate flexibility in terms of tasks to ensure compliance with reporting deadline. • Proactive self starter, comfortable to develop and run projects on own initiative with minimal input, as well as being able to work as an effective member of a team. • Ability to work effectively cross-functionally with all areas of the business and across different geographies, particularly the USA and Singapore. • Exposure to new systems implementation would be an advantage. EXPERIENCE • Experience of working in, or with, the trading or financial services sectors strongly preferred. • Experience in the energy industry, or significant experience of auditing energy industry clients is essential EDUCATION • Bachelor or Masters degree preferred, or equivalent experience. • Qualified accountant – preferably ACA or ACCA.