Management Accountant - Funds

Octopus Energy

3800

London, UK, United Kingdom

Posted on: 2023-08-15

Category: energy

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Expired

Employment type:

Full time

Experience required:

Intermediate

Salary

Salary not provided

About the company:

We're on a mission to make a big green dent in the universe by building a truly sustainable energy system globally.

That means making power greener, smarter, and more affordable for everyone.

We put customers at the heart of everything we do: with always-fair prices, transparency and outrageous customer service.

We drive system change: with transformative tech to make renewable energy the norm and end global reliance on fossil fuels.

Octopus Energy Group is made up of 10 businesses spanning 6 countries across 3 continents, including: Octopus Energy Retail, Kraken Technologies, Octopus Energy Generation, Kraken Flex, Octopus Electric Vehicles, and the Octopus Centre for Net Zero. More on OEG @ octopusenergy.group

Help us make a big green dent in the universe. We're on a mission to drive the global renewable energy revolution, and we need loads more people to help us make our vision a reality.

As part of the wider Octopus Energy group, Octopus Energy Generation (OEGEN) are one of Europe’s leading and most experienced specialist renewable energy and transition investors, investing since 2010. We are a fund manager, committed to best-in-class responsible investment activity, offering solutions to like-minded investors to invest their capital sustainably. We currently manage investments in energy generating assets valued in excess of £5 billion across 14 different countries.

Our mission is to change the entire energy lifecycle and make every green electron matter, delivering the best outcomes for customers, investors, the environment and society, accelerating the transition to net zero. Octopus Energy Generation is part of the Octopus Energy Group.

The role sits within the Octopus Energy Generation’s Funds Finance team, reporting directly into a Finance Manager. OEGEN Funds Finance are responsible for the financial reporting and analysis for an expanding portfolio of renewable assets that are owned by a number of Retail, Institutional and Listed Funds. These assets have a growing international presence across the UK, Europe and Australia.

While much of the day to day operations and accounting are outsourced at both the asset (SPV) level and fund level, this role will be responsible for the quality of the management accounts and financial information.

A high proportion of your time will therefore be managing the performance of the external accounting teams.

We strongly encourage applications from a variety of candidates - we believe that different experiences result in increased ideas, collaboration and success. The first stage of the process will include a run through of our company culture, as well as a conversation around what is important for you in your next role.

If this sounds like you then we'd love to hear from you.

Studies have shown that some groups of people, like women, are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are, if you like one of our jobs, we encourage you to apply as you might just be the candidate we hire. Across Octopus, we're looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success. As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.

What you'll do

Supporting and improving information flows between teams, managing the quality of their outputs and establishing appropriate controls.

Review and challenge management accounts provided by external accountants.

Report on the financial performance of the operational portfolios at monthly Customer Board meetings.

Ensure financial information and commentary is accurately presented in Investor Reports.

Prepare distribution forecasts and manage all distribution payments up to the fund.

Deal with all queries – taking ownership of requests and issues, creating stakeholder goodwill by providing appropriate solutions in a timely manner.

Working closely with the OEGEN commercial asset managers to monitor all costs against budgets and assist with quarterly valuations.

Project manage audits and review of statutory financial statements and corporation tax returns; liaising with external auditors as required.

Manage payment approvals as appropriate.

Ensure a robust control environment is present throughout the portfolio.

Ad hoc reports and analysis as required. This is a wide-ranging role and will require the ability to manage a range of stakeholders and deliver to tight timelines.

The team interacts with several other teams across OEGEN and its wider business, so it is imperative that the Management Accountant is able to build strong working relationships with both internal and external stakeholders

What you'll need

Qualified accountant (ACA/ACCA)

Good technical knowledge of UK GAAP

Able to complete and review consolidations

Experience of working with renewable energy investment assets and an understanding of relevant subsidy schemes is preferable

Good understanding of CIR and other basis tax rules would be an advantage

Highly organised, able to plan ahead to deliver accurate information to tight reporting deadlines

Excellent communication skills, with a proven ability to work well with different teams and manage a range of different stakeholders

Self-motivated and aspirational, comfortable working in a fast-paced changing environment

Why else you'll love it here

Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!

Octopus Energy is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We won best company to work for in 2022, on Glassdoor we were voted 50 best places to work in 2022 and our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We’ve also been placed in the top 10 companies for senior leadership

Visit our UK perks hub - Octopus Employee Benefits

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