Junior Hedge Accounting Consultant
- London, England, United Kingdom London England GB
- Permanent, Full time
- Chatham Financial Corp
- 01 Aug 18 2018-08-01
The role is comprised of highly quantitative and technical accounting work and frequent consulting with clients at the highest levels of accounting and finance in their organisations.
Chatham Financial is an independent financial risk management firm helping clients overcome common yet complex capital markets challenges. Chatham works with over 2,000 clients globally, providing advisory and technology solutions to Corporations, Financial Institutions, Private Equity and Real Estate companies. Since its founding in 1991, Chatham has hedged over $5 trillion notional, helping clients understand and use debt and derivatives as a critical piece of their financial strategy. Chatham is a multiple bottom line firm committed to delivering trust and transparency in the capital markets.
As a purpose-driven organization, we are committed to making a positive impact for our clients, our colleagues, our communities and the capital markets at large. We are an employee-owned, view-neutral services firm, with no affiliation to any financial institution allowing us to serve as independent advisors. Chatham has worked hard to create a distinct work environment that values people, teamwork, integrity and client service. We always strive to do what is right, just and fair, even when no one is looking. We would rather be governed by principles than rules. We believe leadership should be gained through influence and personal character, not by title or tenure. As a result, we have a non-hierarchical, team-oriented organization that is highly collaborative.
The role sits within our European Hedge Accounting Practice with offices in London and Krakow, which forms part of our global 50-member team of qualified chartered accountants that focus exclusively on providing hedge accounting services to clients. The role is comprised of highly quantitative and technical accounting work and frequent consulting with clients at the highest levels of accounting and finance in their organisations. Individuals in this role have strong accounting skills and an interest in technical accounting (IFRS 9/IAS 39/ IFRS 13). Members of this team spend time advising clients on the most suitable hedging strategies, running and analysing effectiveness tests, drafting hedge designation memos, creating inputs for future journal entries and running and reviewing monthly hedge accounting reports for clients using ChathamDirect, our online portal. They develop an excellent understanding not only of the accounting but also of the underlying economics of interest rate, foreign exchange and commodities hedging, interacting daily with Chatham’s traders. The consultants are responsible for all relationships with the clients in their assigned portfolio, directly communicating with CFOs or Heads of Treasury, but there is constant collaboration and peer review prior to sending deliverables to clients.
We are looking to expand our team by hiring a selected individual who will thrive in our culture and make a significant impact over the long term. We have found that people with the following experience will thrive in this role:
- A qualified chartered accountant
- 1-3 years (or more) of post-qualified experience in financial reporting, auditing or technical accounting advisory
- Good working knowledge of IFRS, particularly IFRS 9
- A basic understanding of derivative financial instruments
- Experience in treasury or accounting systems and strong Excel skills
- Good analytical and numerical skills
- Ability to articulate themselves well in front of a variety of different stakeholders
- Passionate about helping clients
Many of our team members do not come to Chatham with a deep understanding of derivatives or hedge accounting; therefore, we do a lot of on the job training. We are in search of people who want to make consulting on financial instruments their career and have consistently demonstrated drive, determination, and substantial academic and professional accomplishment throughout their lives. We are looking for individuals who want to make a long-term commitment to Chatham. We make a large investment in each of our employees and we hope that those who join us will be an integral part of our future growth and success.