Financial Accountant

Working arrangements

Please note this role does offer hybrid working, our model sets out a minimum 60% onsite / 40% home working split.

In this role, you will:

The Financial Accountant will be an integral member of our small but dedicated finance team. You will drive compliant reporting, support policy and framework development, and lead on technical and systems projects. Reporting directly to the Group Financial Controller, this position is fundamental to the smooth operation of the business. We anticipate continued future growth and with it comes opportunities for personal development and progression within the company.  This role could suit a candidate looking to make their first move from practice to industry but practice experience is not mandatory, just good technical accounting skills coupled with motivation to be continually challenged and a drive to learn.

Requirements

Group Reporting

• Group consolidation of management accounts and financial statements.
• Balance sheet reconciliations and schedules
• Intercompany transaction management and compliance with internal policies.
• Fixed asset and lease schedule management
• Payroll journals and reconciliations for all entities
• Ownership of WIP accounting and revenue recognition, collaborating with Project Managers to ensure accurate revenues and COS reporting

Subledger Oversight

• Subledger and payables/receivables oversight, supported by the Assistant Management Accountant
• Collaboration with Procurement function for supplier, credit and approval flow management
• Build-out of manufacturing accounting framework and processes

Technical & Statutory

• Statutory accounts preparation under IFRS and supporting Group Financial Controller in other disclosures and reporting
• Monthly VAT returns, ONS reporting and annual Corporation Tax preparation
• Audit management and R&D tax credit process/reporting/tracking
• Ensure IFRS and local GAAP compliance, particularly IAS 20, IFRS 15, and IFRS 16
• Support the creation and implementation of accounting policies, and draft interpretations of accounting standards
• Support other tax, compliance and project areas, such as payroll, grants and government schemes
• Develop robust internal controls to safeguard the organisation’s assets and ensure the integrity of financial data
• Develop systems expertise and lead finance projects focusing on setup, integrations, compliance, and process streamlining

Requirements

• ACA or ACCA Qualified, CIMA would be considered if experienced in preparation of consolidated statutory accounts to IFRS
• Proven experience in key areas of accounting and management as outlined above
• IT literate, highly proficient in the use of Microsoft 365
• Experience with accounting software (Microsoft Business Central preferred)
• High level of accuracy and attention to detail in all aspects of work
• Ability to communicate effectively with stakeholders at all levels
• Solution orientated problem-solving skills, an ability to be curious, investigate issues with recommendations
• Strong time-management skills and ability to maintain confidentiality

Benefits

• Salary dependent on skills and experience and will be discussed from the outset
• 28 days (inclusive of festive break) holiday plus bank holidays
• Eligible for discretionary performance related bonus
• Share options scheme
• Pension scheme
• Financial benefits – including; group life insurance, critical illness, health cash plan and discount scheme 
• Innovation and Merit bonuses
• Investment in training and development to support career progression
• Opportunity to work on and contribute to world class innovation

Company background

What if there was a limitless, safe, clean, low-cost energy source, providing much needed global energy security?  What if that energy source could also help address climate change?  The answer is fusion energy – the power of the stars. Tokamak Energy is a leading global commercial fusion energy company based near Oxford with have an unrivalled track record designing and operating spherical tokamaks; the optimal route to commercial fusion.

In addition to fusion, Tokamak Energy is recognised as a world leader in transformative High Temperature Superconducting (HTS) magnet technology. Our dedicated HTS magnet team, in collaboration with key manufacturing partners, is focussed on enabling new levels of performance and becoming the leading supplier of HTS magnets to multiple markets, including renewable energy, medicine, science and propulsion in water, land, air and space. 

The company, founded in 2009 as a spin-off from UK Atomic Energy Authority, currently employs a growing team of over 260 people with experts from the UK and around the world.  It combines world leading scientific, engineering, industrial and commercial capabilities.  The company has more than 75 families of patent applications and has raised $335 million, comprising $275m from private investors and $60m from the UK and U.S. governments.  Our U.S. subsidiary, Tokamak Energy Inc, was established in 2019.

Come and be a part of a dynamic and innovative team striving to provide a solution to one of humanity’s greatest challenges: clean and sustainable fusion energy for all.

Important information for candidates

Pre-employment screening

Please note that the appointment of the successful candidate will be subject to standard pre-employment screening, as applicable to the post. This will include right-to-work, proof of identity and references.

Data privacy

Please note that any personal data submitted to Tokamak Energy as part of the job application process will be processed in accordance with the GDPR and related UK data protection legislation, for more information regarding GDPR please see:  https://www.gov.uk/government/publications/guide-to-the-general-data-protection-regulation

Equality of opportunity

Entry into employment with the Tokamak Energy and progression within employment will be determined only by personal merit and the application of criteria which are related to the duties of each post and the relevant salary structure. In all cases, ability to perform the job will be the primary consideration. No applicant or member of staff shall be discriminated against because of age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex, or sexual orientation