Job at a glance
About the role The Treasury Accountant is responsible for managing and overseeing the treasury accounting activities covering bank, intercompany reconciliations, Treasury financials and derivative financial instruments. This role involves ensuring accurate reporting, and compliance with accounting standards and regulatory requirements. The same needs strong understanding of accounting principles and financial practices, with excellent analytical and organizational skills.
What is in it for you At Tesco, we are committed to providing the best for you. As a result, our colleagues enjoy a unique, differentiated, market- competitive reward package, based on the current industry practices, for all the work they put into serving our customers, communities and planet a little better every day. Our Tesco Rewards framework consists of pillars - Fixed Pay, Incentives, and Benefits. Total Rewards offered at Tesco is determined by four principles - simple, fair, competitive, and sustainable. Salary - Your fixed pay is the guaranteed pay as per your contract of employment. Performance Bonus - Opportunity to earn additional compensation bonus based on performance, paid annually Leave & Time-off - Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company’s policy. Making Retirement Tension-FreeSalary - In addition to Statutory retirement beneets, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF. Health is Wealth - Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family.
Our medical insurance provides coverage for dependents including parents or in-laws. Mental Wellbeing - We offer mental health support through self-help tools, community groups, ally networks, face-to-face counselling, and more for both colleagues and dependents. Financial Wellbeing - Through our financial literacy partner, we offer one-to-one financial coaching at discounted rates, as well as salary advances on earned wages upon request. Save As You Earn (SAYE) - Our SAYE programme allows colleagues to transition from being employees to Tesco shareholders through a structured 3-year savings plan. Physical Wellbeing - Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle. You will be responsible for Following our Business Code of Conduct and always acting with integrity and due diligence and have these specific risk responsibilities: Review and Reconciliation for Bank and Intercompany Treasury related transactions.
Support Investigating and resolving discrepancies in a timely manner with relevant documentation. Oversee Derivative and Hedge Accounting including but not limited to forwards, options, swaps, and futures. Ensure proper recognition and measurement in accordance with relevant accounting standards, Applying hedge accounting principles, including documenting hedge relationships, assessing hedge effectiveness, and recording hedge gains and losses Prepare and analyze treasury reports, including cash flow statements and bank fee analysis.
Prepare and review financial reports related to derivatives, including disclosures in financial statements. Develop and maintain internal controls on treasury related procedures and assist with internal and external audits of financial instruments and related financial statements. Liaise with Audit teams to Provide necessary documentation and explanations. Identify opportunities to improve accounting processes and systems.
Implement best practices to enhance efficiency and accuracy. Manage month end close processes including Journals, reconciliation and HFM Consolidation &n