Senior Group Derivative Accountant

Job Description

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 ScottishPower'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.

ScottishPower 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.

What you'll be doing

• 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 ScottishPower 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

Technical, Financial Governance and Control

• Support the implementation of financial instrument and accounting policy changes within ScottishPower
• 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

What you'll bring

• 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

What's in it for you

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%.

At ScottishPower, we believe it's the little things we do in life that make a big difference. From helping you look after your family's wellbeing, save for your future and take personal steps for climate action - our benefits are designed to help you do just that - so that you have everything you need to take care of your world - today and tomorrow. That's why our benefits include:

• 36 days annual leave
• Holiday Purchase - perfect your work/life balance with 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

Why ScottishPower

ScottishPower is part of the Iberdrola Group, one of the world's largest integrated utility companies and a world leader in wind energy. With a commitment to generate all of our energy from renewable resources and a drive to create the energy infrastructure of the future, we're at the forefront of the journey to Net Zero and investing over £6m every working day to make this happen. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.

Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you'll fit right in.

ScottishPower 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 [email protected].

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.