Lead of Derivative Reporting & Technical Accounting

Job summary

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

At bp, we’re reimagining energy for people and our planet. With operations working across almost every part of the energy system, we’re leading the way in reducing carbon emissions and developing more sustainable methods for solving the energy challenge. We’re a diverse team of engineers, scientists, traders and business professionals determined to find answers to problems that must be solved. But we know we can’t do it alone. We’re looking for people who share our passion for reinvention to bring a new point of view, collaborative spirit, and to challenge our thinking in our ambition to achieve net zero!

Role Synopsis

The Lead of Derivative Reporting & Technical Accounting is part of the Accounting and Reporting team (ARC) in the GPTA business. The ARC team supports the commodity trading and marketing business of GPTA and is primarily responsible for the monthly financial reporting and close processes as well as the related accounting, financial analysis, and internal controls activities. Additionally, this role supports the preparation of the BPEC audited financial statements. This position will report to the Senior Manager Derivative Accounting.

Accountabilities

Lead the monthly and quarterly close processes with respect to derivative accounting activity for all GPTA commodities

Lead the drafting of the annual derivative disclosures to be included in Group and statutory reporting.

Ensure a high standard of internal control relating to all derivative accounting activities.

Support the quarterly and annual internal and external audits

Support the statutory reporting and monthly reporting requirements related to the standalone BP Energy Company financials.

Expertise in IFRS technical accounting guidance/ standards related to derivative accounting

Interact with the business and other functions (e.g., Commodity Risk) to ensure the accuracy/integrity of financial accounts and reports

Liaise with other T&S areas and other accounting policy teams to share best practices and lessons learned.

Assist with training on reporting and policy guidance and application to a variety of audiences

Requirements

Bachelor’s degree in Accounting or Finance

6-8 years of financial accounting experience in either public accounting or industry

6-8 years of energy derivative accounting experience in the North American natural gas or power industries

Some experience in IFRS or US GAAP, especially on the application of IFRS 7/ASC 815 to energy trading commodity transactions.

Highly proficient in Microsoft Excel

Strong analytical skills; the ability to grasp and communicate trading concepts and their economic effects

High attention to detail and organization while managing multiple priorities in a fast-paced environment

Advanced degree or CPA strongly preferred.

Why join us?

At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.

There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Travel Requirement

No travel is expected with this role

Relocation Assistance:

Relocation may be negotiable for this role

Remote Type:

This position is a hybrid of office/remote working

Skills:

Accounting for financial instruments, Accounting for financial instruments, Accounting policy, Agility core practices, Agility tools, Analytical Thinking, Analytics, Business process control, Business process improvement, Commercial Acumen, Commercial assurance for external reporting, Communication, Creativity and Innovation, Credit Management, Curiosity, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Automation, Digital fluency, Financial Reporting, Influencing, Internal control and compliance, Long Term Planning {+ 4 more}

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.