Group Treasury Statutory Reporting Manager

Job Req ID: 38732

Posting Date: 5 Sep 2024

Function: Finance

Unit: Finance & Business Services

Location:

Building 31, Budapest, Hungary

Salary: Competitive

Why BT?

We’ve always been an organisation with purpose; we connect for good. You can trace this back to our beginning as pioneers of the world’s first telecommunications company. At our heart, we’re a technology company with research and innovation in our bones, and a desire to be personal, simple, and brilliant for our customers - the values we live by. Creating an inclusive working environment where people from all backgrounds can succeed.

Our pursuit of progress over the past 180 years has established BT as a strong, successful brand, with huge scale, capable of achieving great things. From supporting emergency services, hospitals, banks and keeping economies around the world online, safe, and secure, to delivering large scale innovative technology infrastructure like the creation of BT Sport.

Today, in this fast changing, always on, digital world, our purpose remains true. Yet the market conditions, regulation and competition we face are tougher than ever before. So if you have the drive, optimism, and resilience to help propel us forward, we’ll offer unrivalled personal development, a wealth of opportunities to learn, experience new things, and pursue new careers. If that’s you, and what you’re looking for.

We’d love you to be part of our future.

Why Business Unit/Function?

Group Corporate Finance helps deliver our strategy and plans for growth. We shape and steer the direction of the business by managing our people, finances, shared services and buildings. We also oversee our legal, regulatory and compliance obligations too.

The primary function of Group Treasury is to manage the provision of liquidity to the BT Group and to manage the underlying financial exposures of the totality of BT’s global operations. We put in place structures and processes to ensure that the group’s cash can be accessed and used where it is needed, and are responsible for all decisions about how the group will raise debt, including quasi financing arrangements within the group’s contractual arrangements.

We also manage the financial risks that the group is exposed to, including changing interest rates and foreign currency exchange rate exposures.

Group Treasury Back Office takes full ownership and responsibility for Financial Instruments/Derivatives, Net debt, Finance expense and FX reporting and BT Group’s Annual report disclosure preparation on the forementioned areas. On top of IFRS accounting and reporting activities, project management, daily trade confirmation and Treasury/hedge accounting advisory also sits in Back Office.

Why this job matters?

This role

• Is key to statutory reporting of Group Treasury operations to the external investment community

• Is key to management reporting of Group Treasury

• Plays a critical role in risk management for the Group

• Supports Group Finance strategy

• Supports planning

What you’ll be doing – your accountabilities

• Manage and own the transactional accounting of UK pension companies within the Group based on the input from Group Pension team

• Manage the UK local statutory accounts process, including planning for year-end UK audits with external auditors and working with other stakeholders including business units’ finance team

• Prepare technical accounting papers for the Pension entities and ensure they are consistent with our Group Accounting Policy Manual

• Prepare annual financial statements and review accounting treatment and financial statement disclosures for Pension entities

• Designing and implementing improvements in the statutory accounts production processes including further simplification and automation

• Submit, review and approve journals

• Produce not just financial, but management reporting materials also

• Operate our controls effectively

• Contribute to essential review of workings within the team

• Assist with Group Treasury Back Office related automation, transformation and process improvement projects

• Provide support to various Group Finance functions when required

Experience you would be expected to have

MANDATORY skills

• You have at least 5 years financial reporting/accounting experience

• Experience with IFRS accounting and financial reporting, including understanding and applying accounting standards, drafting detailed accounting papers

• Advantage of being a member of a professional accountancy body (e.g., ACCA, DipIFR) or being IFRS certified accountant

• Excellent excel skills

• Appreciation for controls and risk based mindset

• Good at meeting deadlines

DESIRED skills

• Advantage of having experience working as, or closely with, an auditor from a professional services firm

• Experience with Treasury products

• Experience with SAP S/4 Hana

• Ability to quickly become proficient in systems

• Great stakeholder management

Additional allowances and benefits

• Bonus

• Health Insurance

• Company car or car allowance

• Cafeteria

• Smart working allowance

Work Schedule: Normal working hours

Home office opportunity: Hybrid work model

Work location: Budapest: BP One Office

A FEW POINTS TO NOTE

Although these roles are listed as full-time, if you’re a job share partnership, work reduced hours, or any other way of working flexibly, please still get in touch.

DON'T MEET EVERY SINGLE REQUIREMENT?

Studies have shown that women and people who are disabled, LGBTQ+, neurodiverse or from ethnic minority backgrounds are less likely to apply for jobs unless they meet every single qualification and criteria. We're committed to building a diverse, inclusive, and authentic workplace where everyone can be their best, so if you're excited about this role but your past experience doesn't align perfectly with every requirement on the Job Description, please apply anyway - you may just be the right candidate for this or other roles in our wider team.