Director of Treasury Accounting, Open to flexible working

Location
Brentford (City/Town), London (Greater)
Salary
£Competitive
Posted
20 Apr 2021
Closes
14 May 2021
Ref
286333
Contract Type
Permanent

GlaxoSmithKline Healthcare is looking for a highly experienced Treasury specialist to join our rapidly growing Group External Reporting and Accounting team. This is a unique opportunity to join us in a newly created role as we separate the GSK Healthcare division from the wider GSK Group as an independent business. As a result, we are looking for someone with excellent technical skills (specifically IFRS 9, IAS 32 and IFRS 7), as well as initiative and resilience to anticipate needs and navigate new processes, all while leading, motivating and building a team.

The Director of Treasury Accounting is primarily responsible for providing accounting advice on financial instruments, hedging and funding strategies to Corporate Treasury and to report the nature of these transactions in the appropriate legal entities and the Group accounts. The role leads the Treasury Accounting team and has key responsibilities for managing and coordinating the reporting activities for GSK Consumer Treasury companies and that of the Group. This role is involved in high profile transactions and will act as the main accounting adviser for the Treasury elements of these transactions and hedging proposals assisting other businesses within the Group to understand the accounting of hedging activities in order to mitigate foreign exchange and interest risk. In addition to the operational elements of the role, the job holder will have project responsibilities, such as the implementation of a new Treasury Management System and the improvement and development of existing processes.

In addition to the above, the key responsibilities will be:

  • Manage the monthly and annual statutory reporting of the Treasury finance entities and in-house cash entities (covering the cash pooling, sweeping, intercompany netting and "payments on behalf of") leading a team of four Treasury professionals
  • Co-ordination of the timely and accurate delivery of information for Corporate Reporting relating to Corporate Treasury's hedging activities and financial instrument valuations and its impact on GSK Consumer Healthcare Group's income statement, balance sheet and cash flow statement;
  • Co-ordination and review of the financial instrument disclosures for the Annual Report
  • Management of the SOX controls framework for the team
  • Support other teams on analysis of net debt, hedging and exchange issues in the group cash flow and balance sheet, liquidations and restructuring
  • Work closely with Corporate Treasury
  • Management of the documentation and effectiveness of accounting hedges under IFRS 9
  • Providing finance support to Corporate Treasury on bond issues and any other regulatory filing requirements relating to existing bond programmes
  • Resourcing, motivating, developing and training the members of the team

Basic Qualifications:

  • ACA/ACCA qualification or equivalent
  • MCT qualification
  • Experience in a large Group treasury function and good understanding of derivative financial instruments
  • Experience of managing a team
  • Knowledge of the impact of relevant accounting standards (IAS 7, IAS 32, IFRS 9, IFRS 7 and IAS 21), including practical exposure to hedge accounting principles in a large multinational
  • Have strong numerical skills and excellent attention to detail
  • A strong control focus is essential

Preferred Attributes:

  • Communication skills: Must be able to communicate confidently and effectively (verbal and written) within the team and with people in a range of disciplines from external auditors and other functions within the Group which may have varying levels of knowledge and understanding of Treasury's hedging activities.
  • Ability to work across boundaries: Stakeholders may be based in different locations around the world or within other functions within the Group.
  • Ability to prioritise and work on multiple activities in parallel: The role covers daily operational deliverables and ad hoc projects with focus on managing multiple reporting deadlines and delivering results.
  • Ability to explain complex financial concepts in simple terms: The role is involved in managing and accounting for potentially complex financial instruments. The role holder is expected to be able to explain complex financial concepts in simple terms to a wide range of stakeholders.

As a company driven by our values of Patient focus, Transparency, Respect and Integrity, we know inclusion and diversity are essential for us to be able to succeed. We want all our colleagues to thrive at GSK bringing their unique experiences, ensuring they feel good and to keep growing their careers. As a candidate for a role, we want you to feel the same way.

As an Equal Opportunity Employer, we are open to all talent. In the US, we also adhere to Affirmative Action principles. This ensures that all qualified applicants will receive equal consideration for employment without regard to race/ethnicity, colour, national origin, religion, gender, pregnancy, marital status, sexual orientation, gender identity/expression, age, disability, genetic information, military service, covered/protected veteran status or any other federal, state or local protected class*(*US only).

We believe in an agile working culture for all our roles. If flexibility is important to you, we encourage you to explore with our hiring team what the opportunities are.

As you apply, we will ask you to share some personal information which is entirely voluntary. We want to have an opportunity to consider a diverse pool of qualified candidates and this information will assist us in meeting that objective and in understanding how well we are doing against our inclusion and diversity ambitions. We would really appreciate it if you could take a few moments to complete it. Rest assured, Hiring Managers do not have access to this information and we will treat your information confidentially.

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