Job title: Transaction Accountant (6 month Fixed Term Contract)
Reports to: Purchases and Expenses Control Manager
(Will also work closely with and assist other members of the wider Finance team)
EDF Trading is a leader in the international wholesale energy markets. The company manages a portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.
EDF Trading is active in the electricity, natural gas, LNG, LPG, coal and freight and environmental products markets. It is one of the largest wholesale market traders in Europe for power and gas and one of the leading marketers of gas and power in the US. Its affiliate, EDF Energy Services is one of the main providers of generation services for power generation companies in the US and a leading US energy retailer for large commercial and industrial customers. In , EDF Trading broadened the scope of its coal and freight activities in the form of a minority (33%) stake in JERA Trading, one of the leading utility backed global coal traders.
EDF Trading is a % owned subsidiary of EDF, one of the world’s biggest electricity generators.
EDF Trading has around employees with key offices in London, Paris, Singapore, Houston and Calgary.
The Finance Department is responsible for all aspects of Financial Control for EDF Trading and the EDF Trading Group, including accounting for, controlling, and reporting on all commodity trading activity, subsidiary entities (holding structured transactions, and specialised investment or operating assets), group accounting and controlling activities, budgeting, planning and forecasting, and all internal and external financial reporting.
The Transaction Control team within Finance are responsible for transaction processes relating to overheads costs, supplier management, and employee expenses for EDF Trading. Additionally, the team is responsible for maintaining up-to-date and accurate accounting records in financial systems for selected EDF Trading subsidiaries.
Registering ~ invoices a month, matching to purchase order and checking the accuracy of coding.
Posting, checking and reconciliation of staff expense claims
Reconciliation of accounts to supplier statements
Provide first line of support for all invoice queries, ensuring timely resolution.
Set up of new suppliers in the ledger and updating on excel spreadsheet
Build and maintain relationships with suppliers
Review of aged creditors report, highlighting and clearing old balances as required.
Maintain up to date and accurate accounting records in EDFT financial systems
Primarily responsible for the daily overheads payments process, including UK suppliers (BACS), Foreign payments and expenses payment runs. Checking bank details for payments, payment runs and organising verifiers and authorisers to release payments
Resolving settlements issues
Contributing to continuous improvement initiatives e.g. system enhancements, workflow and automation
Static data maintenance Ledger system
Challenge, maintain, operate and review internal controls and processes
Produce late payment reports
Cash postings and allocations
General office administration
Assist with on-going departmental projects and ad-hoc tasks/reporting
Proficient in the use of Microsoft, must have good Excel skills
Understanding of basic accounting functions - AP/AR, reconciliations, double-entry bookkeeping is essential
General ledger experience (SUN Systems beneficial)
- SUN systems experience beneficial
- Workday Financials system experience beneficial
Ability to problem solve
Ability to manage multiple deadlines
Good numerical analysis skills
Excellent interpersonal and communication skills within team and across operational departments
Ability to organise, prioritise and manage workload effectively
High levels of self-motivation and engagement
Attention to detail
High levels of accuracy
Ability to perform checks (including own work)
Ability to work individually or part of a team
Desire to learn and develop
Confidence to ask questions
Hours of work: 8:30am – 5:30pm Monday to Friday