OFGEM Hiring for Financial Accounting Manager Job at London, England Full Time

219481

£30,950 – £46,699

Glasgow: £30,950-£43,474 London: £33,400-£46,699

Permanent

OFGEM – Corporate Services

Accountancy
Corporate Finance
Environment and Sustainability
Finance

Flexible working, Full-time

1

Glasgow, London

Make an impact on the nation’s future with your unwavering standards.

With a focus on securing a sustainable, safe and environmentally-friendly source of energy for the UK, Ofgem is tasked with some of the nation’s most important projects. It is vital that we reduce our reliance on fossil fuels, and that we protect energy consumers from the type of price rises that we have recently witnessed. As such, this is a fascinating time to join us in our regulatory work, particularly as we are working towards Net Zero ambitions by 2050.

As a member of our friendly and collaborative team, you will provide financial accounting expertise across the entire organisation to ensure robust financial control measures and processes are in place. With responsibility for delivering month-end processes including balance sheet reconciliations, VAT returns and cash flow forecasts, you will play a vital role in preparing Ofgem’s Annual Report and Accounts, undertaking the relevant analysis and data collation to prepare the financial statements sections of this report. Overseeing the work of other team members, you will ensure deadlines are being met and you will be keen to share your knowledge with them, so that they continue to develop their own professional capabilities.

CCAB qualified (or equivalent) you will have experience in financial and statutory accounting. With a robust knowledge of UK tax legislation (including VAT), financial reporting standards and audit requirements, you will be capable of translating complex knowledge for a variety of audiences, and you will be an influential individual who can make effective decisions. Bringing a flexible approach to every challenge, we will expect you to have good leadership and communication skills, and you will enjoy coming up with solutions to complex problems.

Ofgem relies on having a workforce that reflects the society we serve, so we welcome candidates from all backgrounds, and especially those from underrepresented groups. While this is a full-time role, flexible working patterns and job shares are welcome. We will also support you with excellent training and development opportunities, hybrid working options and a competitive benefits package.

Ofgem is a non-ministerial government department and an independent National Regulatory Authority. Our principal objective is to protect the interests of existing and future electricity and gas consumers. We do this by promoting value for money, promoting security of supply and sustainability, for present and future generations of consumers, domestic and industrial users, the supervision and development of markets and competition, regulation and the delivery of government schemes. We work effectively with, but are independent of, government, the energy industry and other stakeholders within a legal framework determined by the UK government and the European Union.

Reporting to the Financial Accounting Team Manager, you will play a critical role in the preparation and audit of the Ofgem Annual Report and Accounts. You will be responsible for delivering month end processes with accuracy and timeliness, and providing financial accounting expertise across Ofgem to ensure robust financial control. You will coach a small team, directing daily tasks.

Undertake analysis, data collation and reporting to prepare the financial statements sections of the Ofgem Annual Report and Accounts in line with government and statutory requirements.

Facilitate the smooth running of the external annual audit cycle, acting as the key day to day contact point for all audit queries.

Manage the balance sheet reconciliation process, ensuring accounts are reconciled and reviewed on a monthly basis, including fixed assets and accounting for leases under IFRS 16.

Support the preparation of the annual licence fee request in order to generate prompt and accurate payments.

Lead the preparation of the monthly VAT return, ensuring VAT is reclaimed in line with HMRC’s Contracted Out Services headings.

Manage the cash flow forecast and submission of HM Treasury returns.

Feed into the production of Ofgem’s Spending Review and Supply Estimates process.

Provide Ofgem teams with accurate financial advice on accounting and financial procedures and practices to inform decision making and actions.

Support compliance and strengthen financial control across Ofgem, contributing to the development of finance policies, guidance and training.

Proactively identify opportunities and implement changes to promote continuous improvement.

Provide task direction to Financial Accounting Team members, prioritising tasks as required to meet deadlines. Develop, guide and coach team members.

Build effective relationships with the Accounts Payables Team, Management Accounting Team, Finance Business Partners and other corporate services functions such as Payroll.

CCAB or equivalent qualified, and experience in financial and statutory accounting

We’ll assess you against these behaviours during the selection process:

• Changing and Improving
• Making Effective Decisions
• Communicating and Influencing
• Delivering at Pace

We’ll assess you against these technical skills during the selection process:

• Please refer to the Candidate Pack attached for full details.

Ofgem can offer you a comprehensive and competitive benefits package which includes; up to 30 days annual leave. Excellent training and development opportunities. The opportunity to join the Civil Service pension arrangements which include a valuable range of benefits. Flexible working hours and family friendly policies. Restaurant and subsidise gym (London only). Interest free season ticket loan.

This vacancy is part of the Great Place to Work for Veterans initiative.

The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment.

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Job contact :

Name :
Ufuoma Eriemo/Ofgem Resourcing Team
Email :
[email protected]

Recruitment team :

Email :
[email protected]