Permanent

Ireland

Applications are invited for the above permanent role in our Finance & Legal Directorate.

Background

 EirGrid Group is responsible for the safe, secure and reliable supply of electricity – now and in the future.  We have a pivotal role in the economies of Ireland and Northern Ireland, supporting competition in energy, promoting economic growth, facilitating renewable energy and providing essential services.

The Group develops, manages and operates the electricity transmission grid through EirGrid in Ireland and SONI (System Operator Northern Ireland) in Northern Ireland.  The transmission grid brings power from where it is generated to where it is needed to supply industries and businesses that use large amounts of electricity.  The grid also powers the distribution network, which supplies electricity for everyday use in homes and businesses across the Island.

We operate the SEM (Single Electricity Market) which is the wholesale electricity market on the Island of Ireland and we own and operate the East West Interconnector, a high voltage link between Ireland and Great Britain.   We see ourselves at the forefront of innovations in the industry, transitioning towards a low-carbon, technology enabled smart future.

Group Financial Control 

The Group Financial Control team is responsible for providing timely and insightful financial information to the Board and to management.  It ensures that the Group is tax compliant in its existing and new business arrangements. The team ensures the Group has access to adequate funding and also has responsibility for the ongoing development of the Group’s internal control procedures and financial information system to fulfil regulatory and statutory requirements.

Job Description

The role holder will be responsible for the management of, and regular reporting on, EirGrid Group tax and treasury activities. This includes developing a detailed understanding of the taxation arrangements of the existing corporate structures within the Group and compliance under all relevant tax areas.

The role holder will also need to understand and develop the funding requirements for each business across the EirGrid Group and develop corporate models for the medium and long term. The role also includes responsibility for the Group’s insurance programme including specialised asset insurance on the East-West Interconnector.

Reporting Relationship:      Group Financial Controller

Key Responsibilities

  • Develop a detailed understanding of all the taxation (VAT, corporate, stamp duty, RCT, etc) requirements for the EirGrid Group.
  • Point of contact within the Group for taxation matters.
  • Ensure compliance under all relevant tax areas.
  • Monthly reporting of treasury position for EirGrid Group, including quarterly reporting to the Board.
  • Develop a detailed understanding of the funding requirements for each business across the EirGrid Group.
  • Develop corporate models for the medium and long term to address issues such as funding requirements for significant infrastructure projects, lender requests, dividend frameworks, regulatory modelling etc.
  • Match funding terms with respective capital investment programmes.
  • Develop new lending facilities with various banks to support cash flow projections and requirements.
  • Continuous monitoring of forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities.
  • Manage cash balances including the security of placing deposits, assessing returns from deposits and minimising interest costs in accordance with the Group treasury policy.
  • Manage risks for the Group’s short, medium and long-term funding and liquidity management requirements.
  • Manage liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities.
  • Manage the Group’s exposure to interest and foreign exchange rate risks.
  • Develop and share knowledge of, and demonstrate compliance with, various conditions of lending agreements, including timely settlement of obligations.
  • On-going development of and compliance with the Group treasury policy to respond to regular changes in the EirGrid funding situation.
  • Manage reporting requirements to banks and other institutions as required.
  • Manage the EirGrid treasury TWIN system, including inputs and reporting on a regular basis.
  • Assist the wider business with ad hoc treasury matters e.g. grant applications, project reporting, compliance reporting etc.
  • Manage the Group’s overall insurance programme.
  • Deal with internal and external auditors in relation to taxation and treasury matters.
  • Contribute to the year end process and the budgetary process as it relates to taxation and treasury accounting and disclosures.
  • Contribute to the development of the Group’s financial systems.
  • Support the activities of colleagues in Group Finance and the wider Finance team.

Knowledge, Skills and Experience

 Essential:

  • Qualified accountant (ACA/ACCA) with a minimum of 5+ years relevant post qualification experience
  • Tax experience/qualification.
  • Excellent working knowledge of accounting packages and excel
  • Excellent interpersonal skills
  • Strong analytical, problem solving and decision making skills
  • Excellent financial modelling skills
  • Proven ability to manage critical processes against tight deadlines
  • Ability to identify issues arising and work with senior management towards resolutions
  • Proactive approach to work

Desirable:

  • Experience of working in a company/group treasury function (including knowledge of lending agreements).
  • Knowledge of Regulatory reporting requirements

Closing date: 11/12/2017

 

         EIRGRID IS AN EQUAL OPPORTUNITIES COMPANY