Entity:

Finance

Job Family Group:

Finance Group

Job Description:

The Accounting Policy Lead provides assurance on the application of accounting policy in ST&S, supporting and reporting to the ST&S Senior Manager Accounting Policy. The role covers policy guidance and assurance for the ST&S Gas & Power Trading (GPT) businesses.

The ST&S Accounting Policy team is responsible for establishing bp accounting policies that relate to ST&S in line with external reporting standards and providing advice and training within ST&S on the application of these policies. They also have a responsibility to provide a level of assurance to management that relevant accounting policies have been effectively applied. The team provides advice on all new business initiatives within ST&S and thus the role is an excellent opportunity to learn about a wide variety of ST&S activities and to work with a broad spectrum of people within the organisation.

What you will do...

• Understand new business activities within GPT and provide advice on the accounting treatment of these transactions.
• Lead the provision of advice to Finance & Risk teams on the application of the Group Reporting Manual, in particular in relation to commodity contracts, derivative accounting, lease accounting, and working capital management.
• Assist with ensuring that the existing accounting policies within the GRM which specifically relate to ST&S are accurate and updated to reflect the current state of authoritative literature.
• Provide oversight to the year end submission of data for ARA/20-F disclosures of ST&S’s activities.
• Stay abreast of emerging accounting literature, acting as a subject matter expert on new guidance affecting ST&S’s business. Lead the implementation effort in respect of any new accounting standards.
• Support the ST&S Senior Manager Accounting Policy at the APDT and Due Diligence meetings, preparing and presenting on required updates and results.
• Liaise with other ST&S functions, including commodity and market risk, accounting, reporting and control, credit, legal and marketing and origination teams, in understanding ST&S operations and their impact on policy.
• Network with other Group accounting policy teams to share best practices and lessons learned, ensuring consistent application of policy across the Group.
• Lead training on accounting policy matters to a variety of audiences.

What you will bring...

• Technically proficient in IFRS, especially on the application of IFRS 9 to energy trading commodity transactions.
• Significant experience in a public accounting firm in relation to the application of IFRS or experience in the accounting for a trading business, preferably commodities based.
• The ability to construct and articulate a logical argument in applying accounting literature to a particular transaction, both orally and in writing.
• An ability and interest in understanding the commercial justification and economics behind structured transactions.
• Demonstrable experience of managing people.
• Assertive, self-starter coupled with integrity, confidence, and credibility
• Accounting qualification (ACA, CIMA, ACCA, or CPA)

Why join us?

We’re committed to supporting leaders who want to make an impact. At bp, you’ll have the chance to shape and influence outcomes across businesses. You’ll be part of an inclusive environment where diverse perspectives are valued, and where your contribution to performance and integration matters. We invest in the growth and wellbeing of our people, providing the resources, networks, and development opportunities needed to thrive.

Our total rewards package includes competitive pay, bonuses, share options, and a range of flexible benefits designed to meet your needs — from healthcare and retirement plans to paid time off and agile working. We recognise that people have multifaceted lives, and we strive to offer a career experience that reflects that.

Travel Requirement

Negligible travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Accounting Policies, Accounting Standards, Business process control, Collaboration, Commercial Acumen, Decision Making, Digital Fluency, Financial Reporting, Influencing, Internal control and compliance, Reporting, Risk Management, Stakeholder Engagement, Strategic Planning

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.