Overview:
Nomad Foods is a leading frozen foods company with annual revenues of approximately €3 billion. The Group has built a global portfolio of best-in-class food companies and iconic brands within the frozen food category. Our well-known brands include Birdseye, Findus, igloo, Aunt Bessie’s and Goodfella’s. The Group’s Head Office is located in Woking.
The Group Treasury Team operate through a clearly defined front-office and back-office structure, supported by a dedicated treasury accounting and reporting function.
The treasury team embraces a flexible Hybrid working model, typically attending the office 2-3 days per week to promote effective collaboration, face to face interaction with other team members, other Head Office functions, banking relationship meetings or on an “as needs” basis
The role 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.
Depending on the candidate, the role may also provide back up support to the Treasury Manager across a range of treasury activities. In addition, it will include operational oversight of the treasury analyst on areas related to treasury accounting.
Responsibilities:
- 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
Qualifications:
Essential
-
Graduate
- 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
Desirable
-
Bloomberg
-
ION/Reval
-
Refinitiv
-
ION/Reval
-
S4 Hannah
-
360T trading platform
