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 many more people to help us make our vision a reality.
Octopus Energy Generation (OEGEN) is a leader in sourcing, investing in, and managing a wide range of utility-scale renewable energy assets. As we continue to expand our investment base, we are dedicated to building a diverse team that reflects the communities we serve. Currently, we manage a global portfolio of over £7 billion in renewable energy assets.
We are committed to delivering best-in-class responsible investment activity, offering like-minded investors the means and products to invest their capital sustainably. It is our ambition 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.
About the role:
Reporting to a Finance Manager this role requires an individual who is highly organised, capable of both dealing with multiple workstreams and running defined processes efficiently and autonomously.
The team you will be working for are busy and diverse. To excel in this role, it is essential that you are proactive, keen to learn, focused, self-motivated and able to work under deadlines.
The role sits within the Octopus Energy Generation’s Funds Finance team, reporting directly into a Senior Management Accountant/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, US, Europe, Australia and Asia. 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.
The Senior Management Accountant will be responsible for the delivery of the financial reporting and analysis across the portfolio. Whilst much of the day-to-day operations and accounting are outsourced, this role will be responsible for ensuring the quality of the management accounts and financial information produced at asset level and therefore will be required to spend time managing the performance of the external accounting teams. This will include supporting and improving information flows between teams, managing the quality of their outputs and establishing appropriate controls.
The Senior Management Accountant will also be required to assist with new investment transactions, manage budgets and audits and delivery against them and also lead on ad hoc projects.
This role is an 18-month FTC
What you'll do
- Business partner for the fund-level finance team – ensuring delivery of information and service in line with the agreed Service Level Agreement.
- Review and challenge management accounts provided by external accountants.
- Report on the financial performance of the portfolios at monthly Customer Board meetings.
- Deal with all queries – taking ownership of requests and issues, creating stakeholder goodwill by providing appropriate solutions in a timely manner.
- Project manage the portfolio statutory audits; liaising with external auditors, external accountants and fund-level finance teams as required.
- Project manage the annual budget process.
- Review consolidated monthly management account information.
- Review statutory financial statements and ensure all statutory filing requirements are met.
- Prepare and review technical accounting papers for acquisitions, disposals, restructures and other significant transactions.
- Support hedge accounting, impairment reviews and acquisition accounting.
- Prepare and review cash flow forecasts and funding requirements.
- Support banking covenant reporting and bank reporting requirements.
- Oversee the review of key balance sheet reconciliations, including intercompany balances, shareholder loans, bank reconciliations, fixed assets, provisions and other significant balance sheet items.
- Manage payment approvals as appropriate.
- Ensure a robust control environment is present throughout the portfolio. This could involve insisting on the utilisation of OEGEN’s systems for new assets/projects.
- Be a valued business partner and build and maintain good working relationships with internal and
- external stakeholders
- Identify system improvements and take ownership of driving change across the team. This will involve working closely with external accountants to improve current processes across the portfolio.
- Ad hoc project work as required.
What you'll need
- Qualified accountant (ACA/ACCA) with at least 3 years post qualification experience (preferably gained in a relevant role).
- Good technical knowledge of UK GAAP.
- Experience of complex consolidations and acquisition accounting.
- Experience managing statutory reporting and external audits.
- 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 Group 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 were recently named the UK's top company to work for, and we ranked in the top ten in the Sunday Times Best Places to Work 2024. 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
