Group Treasury Accounting Manager

　　Job Req ID: 28750

　　Posting Date: 19 Jan 2024

　　Function: Finance

　　Location:

　　Building 31, Budapest, Hungary

　　Salary: Competitive

　　Why BT?

　　We’ve always been an organisation with purpose; to use the power of communications to make a better world. 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 - those are the values we live by whilst also 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 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

　　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 strategy

　　Supports planning

　　What I'll be doing - your accountabilities

　　Group Treasury financial reporting (in the fields of FX, interest, derivatives, hedging, loans and borrowings, cash & cash equivalents and Investments, pension)

　　Assist in the preparation of the Group annual report (including disclosures)

　　Submit, review and approve journals

　　Produce management reporting materials

　　Operate controls effectively

　　Contribute to essential review of workings within the team

　　Liaise with internal and external auditors

　　Assist with testing during system upgrades

　　Assist with 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

　　Advantage to have at least 2 years Treasury Accounting experience (including preparation of disclosures to the annual report)

　　Advantage to have an accounting qualification

　　Excellent excel skills

　　Appreciation for controls

　　Good at meeting deadlines

　　DESIRED skills :

　　Experience with Treasury products

　　Experience with SAP

　　Ability to quickly become proficient in systems

　　Good stakeholder management