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⚡ Source: ReedRef: 56797116

Treasury Accountant

Nomad Foods·Woking·Posted 2 weeks ago
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Job description

Original text imported from Reed

We are currently recruiting for a Treasury Accountant to join our team playing a key role in our daily finance operations. You will be working alongside a talented, like-minded team for some of Europe’s largest frozen food brands including Birdseye, Aunt Bessie, Findus and Goodfella pizzas.


About the role:


You will be responsible for the financial accounting and reporting of all Treasury activities including debt, CCIRS, IRS, cash, FX and related areas. It purpose is to enhance visibility and understating of the financial impact arising from Treasury operations at a Group Level, while centralising and improving efficiency of all technical treasury accounting processes.


Key responsibilities include ownership of both forecast and actual accounting processes, alongside the delivery of insightful variance analysis. . This will include developing recommendations to mitigate financial volatility and unlock further financial value.


Key Accountabilities:


  • Providing greater level of understanding and reporting (incl forecast vs actual variance analysis) of financial impacts at a Nomad group (and individual entity level) resulting from Treasury activities
  • Helping to drive financial benefit for Nomad via clear treasury and derivative accounting process and policy (including cash flow hedge reserve and hedge accounting)
  • Primary contact point/treasury lead for PwC relationship in relation to all treasury activity
  • Ownership and implementation of all changes to treasury activities as a result of regulatory change
  • Clear leadership and clarity to the Nomad Group on all treasury accounting activities
  • Ensure compliance with Group Treasury (and accounting) policies
  • Analysis of the treasury monthly P&L including the drivers of interest charge, foreign exchange gains and losses
  • Preparation of Group Interest Budget and forecasts and reporting on variance analysis.
  • Ownership of all treasury related external reporting, including periodic disclosures and year end process (including SEC regulatory impacts, 6-K and 20-F reporting, use of Workiva and SEC search tools)
  • Co-responsibility for Treasury SOX RACM (with treasury manager)
  • Provide accounting support and advice to Assistant Group Treasurer on all treasury activities
  • Preparation of all [month and periodic] derivative valuations / hedge effectiveness calculations– (Bloomberg/other. Understanding and alignment of accounting for all FX exposures of the Nomad Group. including working with the Treasury Manager to identity all FX exposures – ensuring exposures are identified assessed and managed
  • Ownership of Group hedge accounting policy (and association hedge effectiveness documentation) incl debt / FX / other
  • Support for [debt] transfer pricing policy and other ad hoc modelling including WACC
  • Ownership of several aspects of process change and driving improvements within the Treasury function and areas of wider Business impact
  • Ownership of the off-market CCIRS model and liaison with external audit advisers


About you:


  • AMCT qualified or studying
  • +3 years Post qualified ACA/ACCA/CIMA (or equivalent)
  • Good knowledge and understanding of IFRS and hedge accounting.
  • Working knowledge of SEC reporting and SOX control environment
  • Experience of SAP or other consolidation reporting system
  • Strong communication skills.
  • Willingness to take on additional tasks and projects
  • Team focussed


What we can offer you:


We’re on an exceptional adventure and can offer a truly purpose led career with flexibility. In addition, you will benefit from the below:


· An ambitious employer with recognized brands and growth potential

· The potential to progress your career across different areas of Birds Eye and Nomad Foods

· A culture where your part of a team, where you feel encouraged to make a difference


To view the full job profile and to apply, please click on the apply button above which will divert you to our careers site.


We look forward to receiving your application.


At Nomad Foods we're proud to represent the world we serve by hiring diverse talent. Our inclusive culture is all about what we can achieve together.

SpeedCV AI

Key skills

AI-extracted from the job advert

Must-have skills
Treasury accountingHedge accountingDerivative valuationsSEC reportingBloomberg terminalCash flow hedge accountingFX exposure management
Nice-to-have
WorkivaSOX complianceTransfer pricingWACC modellingPwC experience
Soft skills
LeadershipCommunicationAnalytical thinkingProblem solvingAttention to detailCollaboration
SpeedCV AI

Application advice

5 AI-generated recommendations to maximise your chances.

1

⭐ Highlight your treasury accounting and hedge accounting experience prominently as this role requires deep technical expertise in these areas

2

📊 Quantify your treasury experience: 'Managed £50M debt portfolio with 15 derivative instruments, reducing FX volatility by 25%'

3

🌐 Emphasise your Bloomberg and Workiva experience as these are key systems mentioned for derivative valuations and SEC reporting

4

🎯 Showcase your variance analysis skills with specific examples of identifying and mitigating financial volatility

5

🤝 Demonstrate your ability to work with external advisors like PwC and audit firms on complex treasury matters

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Suggested CV bullets

3 bullets our AI drafted for this specific advert, mirroring its ATS keywords.

How to tailor your CV

Add these 3 bullets under your most recent experience:

  • Managed hedge accounting for £200M derivative portfolio including CCIRS and IRS, achieving 98% hedge effectiveness across 12 cash flow hedges
  • Led SEC 20-F treasury disclosures using Workiva, reducing preparation time by 30% while ensuring full regulatory compliance
  • Implemented FX exposure management framework identifying £15M previously unhedged exposures, reducing quarterly volatility by 40%

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Letter preview — tailored to Nomad Foods

Dear Hiring Manager,

Nomad Foods' treasury function supporting iconic brands like Birdseye and Findus represents exactly the type of complex, multi-entity treasury environment where I want to advance my career. Your requirement for expertise in hedge accounting, derivative valuations and SEC reporting aligns perfectly with my treasury accounting background.

My background in treasury operations has equipped me with deep technical knowledge of cash flow hedge accounting, derivative valuations using Bloomberg, and regulatory reporting including SOX compliance. I have successfully managed complex FX exposures and implemented hedge effectiveness testing across multiple jurisdictions.

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Interview questions

10 questions generated from this advert.

Technical

  • How would you calculate hedge effectiveness for a cash flow hedge?
  • Explain the accounting treatment for CCIRS and IRS derivatives
  • How do you prepare SEC 6-K and 20-F treasury disclosures?
  • What is your approach to FX exposure identification and management?
  • How would you model an off-market CCIRS valuation?

Behavioural

  • Describe a time when you identified significant variance in treasury forecasts and how you addressed it
  • How do you manage relationships with external advisors like audit firms?
  • Tell me about a complex treasury policy you've implemented
  • Describe how you've driven process improvements in treasury operations
  • How do you ensure compliance with multiple regulatory requirements simultaneously?
SpeedCV AINEW

STAR answer examples

Model answers using the Situation-Task-Action-Result framework. Adapt to your own experience.

1Question

Describe a time when you identified significant variance in treasury forecasts and how you addressed it

Situation: During monthly variance analysis, I discovered a £2.8M unfavourable variance in our interest expense forecast versus actual. Task: I needed to identify the root cause and implement controls to prevent recurrence. Action: I conducted detailed analysis of our debt portfolio and discovered that floating rate resets weren't being captured in our forecasting model. I worked with the treasury team to rebuild the forecast methodology, incorporating daily rate monitoring and automated alerts for significant movements. Result: We reduced forecast variance to under £200K monthly and implemented daily rate tracking that prevented similar issues. The improved accuracy helped senior management make better capital allocation decisions.
2Question

How do you manage relationships with external advisors like audit firms?

Situation: As primary treasury contact for our Big 4 auditors, I needed to ensure smooth year-end audit while maintaining strong working relationships. Task: Provide comprehensive treasury documentation and respond to complex technical queries on derivative accounting. Action: I established monthly check-ins throughout the year, prepared detailed hedge accounting documentation packages, and created a shared repository of all derivative confirmations and valuations. I also proactively briefed auditors on any new instruments or policy changes. Result: We achieved a clean audit opinion with zero treasury-related findings for three consecutive years. The auditors praised our documentation quality, and we reduced audit fees by 15% due to improved efficiency.

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