Senior Group Derivative Accountant

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 role of the Senior Group Accountant
- Financial Instruments & Reporting is a key position within Group Control.

This is a high-profile role within Group Control with a core focus on financial instruments and derivative accounting, supporting Scottish Power's significant investment programme and complex commercial arrangements.

You’ll play a key role in assessing and reporting on derivatives and hedging activities, while also gaining broader exposure across Group Reporting and technical accounting.

Scottish Power is playing a leading role in delivering a low-carbon energy system in the UK, currently investing £18 million every working day between 2024 and 2028. This investment programme is driving increasingly complex commercial arrangements and financial instrument activity, creating a unique opportunity to build expertise in this evolving area.

This role is ideally suited to a technically strong qualified accountant looking to develop deeper expertise in financial instruments, complex transactions, and group reporting within a large international group.

While the role includes exposure to derivatives and hedging arrangements, it is not a narrow specialist position - you will gain broad experience across Group Control and financial reporting.

• Responsible for preparing the financial results associated with financial instruments for key reporting cycles (actuals, forecast, budget), ensuring accuracy, completeness and timeliness
• Supporting the assessment and accounting treatment of complex transactions, including derivatives and embedded financial instruments, from inception through to reporting and close-out
• Preparing disclosures for financial instruments within the Scottish Power Group's consolidated financial statements and statutory accounts, ensuring compliance with IFRS and company law
• Contributing to the Iberdrola reporting pack, including additional disclosure requirements at key reporting periods
• Supporting the implementation of new or complex accounting treatments and policy changes across the Group
• Maintaining a strong financial control environment in line with Group Financial Governance procedures
• Working closely with external auditors to support the resolution of technical accounting matters
• Updating and maintaining clear process documentation
• Supporting 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…