Senior Group Derivative Accountant

Job Title: Senior Group Accountant – Financial Instruments & Reporting

Location: Scottish Power HQ, Glasgow (Hybrid)

Salary: from £55,200 per annum, up to 15% bonus, private medical cover + other excellent benefits

Reporting to the Projects and Financial Governance Manager (PFGM), the Senior Group Accountant – Financial Instruments & Reporting is a key role within Group Control.

This position focuses on financial instruments and derivative accounting, supporting Scottish Power’s significant investment programme and complex commercial arrangements. You’ll assess and report on derivatives and hedging activities while gaining exposure to broader Group Reporting and technical accounting.

• Prepare financial results for financial instruments across key reporting cycles (actuals, forecast, budget), ensuring accuracy, completeness and timeliness
• Support the assessment and accounting treatment of complex transactions, including derivatives and embedded financial instruments, from inception through to reporting and close‑out
• Prepare disclosures for financial instruments within the Scottish Power Group’s consolidated financial statements and statutory accounts, ensuring compliance with IFRS and company law
• Contribute to the Iberdrola reporting pack, including additional disclosure requirements at key reporting periods
• Support the implementation of new or complex accounting treatments and policy changes across the Group
• Maintain a strong financial control environment in line with Group Financial Governance procedures
• Work closely with external auditors to support the resolution of technical accounting matters
• Update and maintain clear process documentation
• Support wider Group Reporting and ad‑hoc projects as required

• Support the implementation of financial instrument and accounting policy changes within Scottish Power
• Maintain up‑to‑date technical knowledge of IFRS, particularly in areas relating to financial instruments (e.g. IFRS
  9)
• Provide technical accounting support to business units on complex transactions and reporting treatments
• Collaborate with Iberdrola Group, Treasury, and senior stakeholders across the business
• Identify opportunities to improve processes, controls, and reporting efficiency
• Contribute to a positive and collaborative team environment across Group Control and the wider business

• ICAS (or equivalent) qualified accountant with post‑qualified experience
• Strong grounding in IFRS and technical accounting
• Experience in audit, group reporting, or technical accounting roles within a large organisation or practice
• Exposure to financial instruments, complex accounting areas, or IFRS 9 (desirable but not essential)
• Strong commercial awareness and ability to understand business drivers
• Ability to work independently and take ownership of deliverables
• Confidence to engage with and challenge stakeholders at all levels
• Strong organisational skills with the ability to manage competing priorities
• Advanced Excel skills and high attention to detail
• Strong written and verbal communication skills

As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we’ll double match your contribution up to a company contribution of 10%.

• 36 days annual leave
• Holiday Purchase – extra annual leave
• Share Schemes
• Payroll Giving and Charity Matched Funding
• Technology Vouchers – save more and spread the cost of your technology purchases
• Electric Vehicle Schemes – to help you transition to green/clean driving
• Cycle to Work scheme and Public Transport Season Ticket Loans
• Healthcare benefit options including:
  Dental Insurance, Private Medical Insurance, Health Cash Plan and annual Health Assessments
• Life Assurance (4x salary)
• Access to Savesmart financial wellbeing support
• Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more

Scottish Power is committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy‑related support. If you need support, please reach out to

Mobility:
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.

Job posting will close at 23:59 GMT on July 9, 2026.