SSE Hiring for Investment Finance Analyst Job at London, England Full Time

SSE has big ambitions to be a leading energy company in a low carbon world. Following our commitment to invest £12.5 billion in low carbon projects over the next 5 years, we have significant growth plans and are well on our way to achieving our ambition to build a world that’s more sustainable and inclusive for you, your family, the community you live in and for generations to come.

Join us on our journey to net zero and help us power change.

About the Role

Base Location: Flexible, however our preference is that you will be based in one of our key UK or Ireland sites, which includes but is not limited to: – Glasgow, Perth, Aberdeen, Inverness, Reading, Havant, London or Dublin

Salary: £28,300 – £42,500 + range of other benefits to support your family, finances and wellbeing.

Working Pattern: Permanent | Full Time | Flexible First options available

This role will be responsible for supporting the financial aspects of the Transmission Capital Investment programme at an exciting time of growth within the industry. As a natural monopoly, our Transmission business is subject to regulatory oversight by the industry regulator, Ofgem. As such we have a ‘Regulatory Contract’ (referred often to as a Regulatory Licence) in which we are required to comply with a number of obligations and underpins our financial and business performance drivers.

We are currently in the second year of this 5-year price control for Electricity Transmission (RIIO-T2). We have a long-term plan to take the business forward as we look towards RIIO-T3 and deliver our RIIO-T2 commitments to support the overall Group. We are on course to invest over £4bn in our RIIO-T2 period. This is part of delivering an ambitious 5-year business plan that will continue to support the transition to a low carbon energy world for the UK and the pathway to net zero emissions by 2050.

You will support the Transmission Capital Investment programme working closely as part of a small team with Transmission Investment Finance Managers and Accountants and other key internal stakeholders. This requires significant financial discipline to underpin decision making and drive value and efficiency. The need to understand the nature of our regulatory obligations under our RIIO price controls is necessary to succeed in this role.

The Finance Analyst is responsible for the execution of comprehensive general accounting and period closing activities for Transmission Investment.

The Finance Analyst will support the Investment Accountant by producing timely and accurate reconciliations, reporting and statutory & regulatory return information.

Your role as Finance Analyst will be to secure, consolidate, analyse and provide accurate fact-based information for Transmission Investment projects. You will support finance forecasting and provide a comprehensive overview of project finances as required to support robust financial control.

The Finance Analyst is expected to provide financial data and insights, to update dashboards and provide recommendations to the Transmission Investment Finance Team and Project Teams.

• Adhere to Group specific policies and procedures.

• Identify and correct errors in a timely manner.

• Extract data to prepare and post journals.

• Support the Investment Accountants with the completion of month end reconciliations.

• Support the Investment Accountants with investigating material variances.

• Support the Investment Accountant with periodic forecasting and budget activities.

• Assist and prepare for Audit(s).

• Prepare data for the submission of regular returns and reports for internal and external users, including Ofgem, HMRC, Companies House & Shareholders

• Continual improvement and evaluation of existing processes and practices.

The above accountabilities & responsibilities are not exhaustive; the applicant may be required to undertake additional duties as the business changes

What do I need?

To be considered for this role, we would love you to have:

• Awareness of accounting and finance procedures would be advantageous.

• Ability to work unsupervised and deliver high quality work to tight deadlines.

• Good knowledge of core financial systems and general accounting procedures.

• Awareness of current regulations including IFRS / New UK GAAP and Companies Acts an advantage.

• The IT skills to effectively analyse performance data and deliver formal presentations.

• An understanding of key business metrics and key financial metrics and how they are calculated and used to drive performance.

• Qualified by experience or commenced study / Part Qualified with a professional accounting body (e.g., CIMA, ACCA, ACA, or CPA) is desired but not essential.

About our Business

Our SSE Finance function has a key part to play in fulfilling SSE’s obligations as a UK-listed company, providing expertise and services that can be shared across the SSE Group, and working in partnership with all businesses to provide services tailored to their specific needs. SSE operates in a highly regulated and increasingly competitive environment, and our role is to ensure that we gather, compile, analyse and recommend on the financial strategy for our businesses, identifying opportunities to drive efficiencies and create value for SSE now, and in the future.

What’s in it for you?

An excellent package with 34 days holiday entitlement, enhanced maternity/paternity leave, discounted healthcare, salary sacrifice car leasing and much more, view our full benefits package on our careers site.

As an equal opportunity employer, we encourage diversity and are committed to creating an inclusive environment for all employees. We actively encourage applicants from all protected characteristics and commit to providing any reasonable adjustments required during the application, assessment and upon joining SSE. Search for ‘Inclusion & Diversity at SSE’ to find out more.

Next Steps

All applications should be submitted online, and I’ll be back in touch after the vacancy closing date to let you know the outcome.

If you would like to discuss any working differently requirements or adjustments you may require throughout the recruitment and selection process, please contact [email protected] / 01738344763

EXTERNAL: Before commencing employment with SSE, you’ll be required to fully complete our pre-employment screening process consisting of a basic criminal records and credit check.

INTERNAL: As a courtesy, please let your current line manager know you are applying.

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