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MOL Group is looking for IFRS Financial Instruments Expert (x)

Portfolio

2009. december 21. 08:00

MOL Group, an international integrated oil & gas company is recruiting a colleague for Accounting and Tax Department, Budapest for

IFRS Financial Instruments Expert
position

Goal:
To prepare and implement accounting regulations within the Group and comply with reporting tasks in accordance with International Financial Reporting Standards (IFRS), with special focus on financial instruments (derivatives, hedge accounting, structured deals, etc.).

Tasks:

Prepares, analyzes and implements accounting policies and practices relating to MOL Group trading activities (commodity, power, foreign exchange under IAS 32 and 39); elaborates and prepares hedge documentation and effectiveness testing
Supports the most effective accounting and tax treatment of these activities under accounting and tax legislation
Cooperates with Risk Management, Trading and Treasury functions within MOL and its subsidiaries
Participates in strategic initiatives (due diligences, acquisitions, divestitures, financial projects in domestic and foreign environment)
Supervises monthly, quarterly and annual consolidation and IFRS reporting processes, prepares consolidated financial statements and quarterly stock exchange reports of MOL Group
Prepares uniform, best practice accounting and consolidation procedures on Group level
Supports functional integration between MOL Group members
Reviews and comments Group regulations and complex transaction contracts
Operates work-teams and participates in project teams

Requirements for the position:

University or college degree in finance or accounting
Excellent knowledge on international and domestic accounting standards, regulations and best practices as well as consolidation procedures
Special expertise in practical application of IAS 39 and IAS 32 (fair valuation, hedge accounting, effectiveness testing etc.)
Professional English
At least 5 years professional experience, or 3 years with specialized (international reporting, trading or banking) background
General financial expertise
Focus, creativity, openness for new information
Excellent verbal and written communication

Advantages:

Experience in oil, gas or power industry
ACCA qualification
Knowledge on SAP R/3
Experience in multinational companies or international environment

Other skills necessary:

Focus on delivering results and time management
Conflict-management
Problem-solving attitude
Analytical skills

If this advertisement has attracted your attention, please apply directly through the MOL Group Job Portal http://www.mol.hu .

Your HR Recruiter Partner: Klára Kövér (06-1-464-1186)

Submission deadline for application: 2010.01.15.