Lead, Treasury Accountant

Job Title:

Lead, Treasury Accountant

Location:

Bond Street, London (Hybrid 3 days a week in office)

The role:

The position is part of the Global Financial Accounting and Reporting team. The individual will have exposure to stakeholders across the business and will be responsible for assisting with the accounting and reporting of corporate entities.

• Chanel Limited (UK Corporate) Reporting of all elements of the treasury cycle, including various affiliate loan agreements, significant cash balances, dividend income accounting, third party debt arrangements, foreign exchange swap and spot, etc.
• Preparation of monthly account analysis including bank reconciliations for multiple cash accounts
• Preparation of quarterly balance sheet reconciliations
• Account for ongoing global cash pooling project, for which UK Corporate is the Header
• Be the main point of contact for accounting queries relating to the global cash pool
• Fulfill group reporting requirements, including quarterly intercompany reconciliations in ARCs
• Completion of actuals and forecast cashflow reporting
• Assist with the accounting for derivatives and apply hedge accounting where applicable
• Assist with year-end audit process with external auditors

• Maintain general ledger in D365
• Accounting of third-party debt and intercompany loan, which is the sole activity of the entity
• Assist with year-end audit process with external auditors including preparation of the statutory accounts

• Assist with quarterly and year-end accounting for other corporate entities
• Other ad hoc projects

• Qualified Chartered Accountant (ACA/CA) with two years post qualification experience
• Excellent reconciliation skills
• Excellent verbal and written communication skills
• Critical thinking and analytical skills
• Organised and detail-orientated
• Ability to work independently and in a hands‑on environment

• D365
• Oracle (Account Reconciliation and Financial Close and Consolidation)
• Reval (Treasury tool)
• TM1
• Coupa (S2C and P2P system)

• An opportunity to work for the corporate group of a multi‑national company with a strong brand and heritage in the luxury market sector
• A workplace that supports the growth and success of its employees
• A job that will be challenging, develop the overall skill set and with the ability to move in other areas of the business within the UK or Internationally Chanel is a world leader in creating, manufacturing and distributing luxury products, including Ready‑to‑Wear, Accessories, Fragrances, Makeup, Skincare, Jewellery and Watches. Founded by Gabrielle Chanel in 1910, the House remains dedicated to quality craftsmanship and offering high‑end creations
• At present, Chanel employs more than 32,000 people worldwide
• As an independent company, its core values are grounded in:
  Exceptional creation and client experience Nurturing human potential Having a positive impact – on people, the environment and communities around the world
• As part of this, the House promotes arts, culture and creativity, while investing significantly in key areas including research & development, sustainability, and innovation
• Chanel is dedicated to creating the conditions for people to perform at their best, building on their strengths and enabling them to benefit from new opportunities
• It offers a unique working environment where people are given time to understand the brand, the business, and develop their personal motivations. This means everyone can grow, continue to be inspired and feel included, now and in the future
• The company fosters true collaboration and respect for all, grounded in the belief that diversity is essential to the success of the organisation and its people
• Chanel remains committed to rewarding people competitively, as well as offering initiatives such as wellbeing programmes, learning and development opportunities, and parental leave for all parents globally