Group Financial Controller

Number of employees

220

Milton, United Kingdom

Posted on: 2024-08-22

Category: renewables

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Employment type:

Full time

Experience required:

Intermediate

Salary

Salary not provided

About the company:

The world needs a clean and reliable source of base-load energy to develop sustainably into the future. That’s what Tokamak Energy is striving to achieve.

Tokamak Energy is a private company accelerating the development of fusion power.

Fusion – the energy source that powers the sun – is globally accepted as the best way to generate plentiful, safe, secure and clean energy. The tokamak is the most heavily researched and best understood of all the different paths to fusion.

It is now acknowledged that the spherical tokamak design offers the smallest and most cost-effective solution. This is our solution. Yet there are many complex engineering challenges that need to be overcome for demonstration and commercialisation of this technology.

Our team of world-class fusion scientists and magnet engineers is tackling these challenges to develop efficient and affordable fusion power. Our unique approach is centred on rapid innovation using the latest materials and technology – but building on decades of scientific research and experience. This strategy gives us – and the world – a faster way to fusion.

Once fusion electricity is achieved, our scalable technology could be rolled out across the world as a solution to one of humanity’s greatest challenges: clean and sustainable energy for all.

In this role you will oversee the group financial control function and adherence to policies and procedures, working autonomously and reporting to the Finance Director.

You will be responsible for leading and managing the global financial operations and developing a highly capable, flexible and effective team, leading by example.

Working arrangements

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

Requirements

  • Lead all aspects of group financial accounting
  • Develop and enforce the group's internal control environment, through a robust yet efficient system of internal controls, checks and balances to ensure completeness and accuracy.
  • Prepare and manage the group's statutory reporting requirements
  • Lead the annual audit process and implement any recommendations
  • Manage and update all group accounting policies
  • Maintain accurate and complete books of account to defined standards and in accordance with the group's accounting policies.
  • Manage and improve the group's financial systems and processes, through supporting the selection, implementation and enhancement of systems, platforms, and solutions to deliver first-class financial operations and reporting
  • Define and manage standard, efficient and timely month-end and year-end processes
  • Ownership of the Group's cash management, adhering to the agreed controls and strategies in the Group's treasury policy.
  • Manage group tax compliance and submissions globally (payroll taxes, VAT, US sales taxes, corporation/income taxes, withholding taxes).
  • Stay informed about changes in financial and tax regulations and ensure the company's compliance with them.
  • Provide input and support to the FP&A team for business planning and ad hoc projects

Requirements

You will need to be a qualified accountant with significant industry experience, capable of leading the Finance team and contributing to the strategic thinking of the business.

Your experience will include:

 

  • Proven PQE experience and track record in a similar role, ideally in the technology sector
  • Strong technical accounting background/knowledge (IFRS)  
  • Ability to lead and develop a Finance team
  • Knowledge and direct working experience of business taxes and compliance – ideally in an international and/or group environment.
  • Direct experience of preparing and submitting claims under the UK R&D tax credit scheme.
  • Cashflow, banking, and treasury management skills 
  • Track record of internal control and process development
  • Experience in accounting software & ERP packages (ideally MS Business Central or Dynamics).
  • Work with integrity, delivery focus and accountability 
  • An interest in our mission   

Benefits

  • Salary dependent on skills and experience and will be discussed from the outset
  • 28 days holiday plus bank holidays
  • Eligible for performance related bonus
  • Share options scheme
  • Generous pension scheme
  • Private medical, critical illness & other financial benefits
  • Innovation & merit recognition bonus potential
  • A truly collaborative working environment
  • 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

About Us

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 reduce climate change? We believe that’s fusion energy. Tokamak Energy is a leading global commercial fusion energy company based near Oxford, UK. We have an unrivalled track record designing and operating spherical tokamaks; the optimal route to commercial fusion energy.

In addition to fusion energy, Tokamak Energy is recognised as the leader in High Temperature Superconductor (HTS) magnet, design, numerical modelling, and prototyping. Our dedicated HTS magnet team, in collaboration with key manufacturing partners, is focussed on becoming the leading supplier of HTS magnets to multiple markets.

The company, founded in 2009 as a spin-off from the UK’s Culham Centre for Fusion Energy, currently employs a growing team of over 250 people with experts from the UK and around the world. It combines world leading scientific, engineering, industrial and commercial capabilities. The company has 70 families of patent applications and has raised $250 million, comprising $200m from private investors and $50m from the UK and US governments. Our US subsidiary, Tokamak Energy Inc, was established in 2019.

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

Important information

Please note that any personal data submitted to Tokamak Energy will be processed in accordance with the GDPR and related UK data protection legislation.

If you do not meet all the listed criteria for this position, we would still welcome your application.

Entry into employment with 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.

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