Cashflow and Treasury Manager

Job content

Location: South West England and South Wales. This role will start remotely, in line with current government guidelines. Going forward, this role has the flexibility to be a blend of home and office-based working so you need to be happy travelling to the Bristol office at least once a week.

We launched in 2009 with a mission to change energy for the better. Since then, we’ve welcomed over a million members, planted a million trees, and set our sights on helping save the planet.

As a Group , we’re working to become a net zero carbon business by 2030, while helping our OVO Energy members halve their carbon footprints at the same time.

Green energy and technology are great tools to fight the climate crisis with. But it’s people power that will rewrite history.

So we’re building a zero carbon team inside and out. Of people who share our values, feel inspired by our mission, and want to make change happen. When you work for OVO, it’s not just a job. It’s the work of a lifetime. And we want the sharpest minds to help.

Up for the challenge?

Where in the world of OVO will I be working?

This role sits within the Treasury team, part of the Capital Allocation team. Capital Allocation sits within the wider OVO Retail Finance function where our objectives are:

Financial Control; to ensure OVO’s resources are directed, monitored and measured in an accurate and timely manner and to maintain a ’No Surprises Environment’

Financial Planning; to allocate future resources beneficially to OVO and to introduce a clear method to achieve these plans

Strategy; to help build and execute an action plan and to drive OVO to its long term objectives.

What will I be doing?

Reporting into the Head of FP&A, the role will lead and deliver the objectives of the Treasury team ensuring there is effective control and efficient use of OVO’s cash resources, with explicit focus on visibility and accuracy of OVO cash forecasts. The Treasury team is responsible for monitoring, transacting and accounting for approx £5bn of customer receipts and £4bn of supplier payments per year.

Key responsibilities include:
Managing and mentoring the other members of the Treasury team to ensure that they are delivering on their personal development needs

Owning and maintaining an accurate daily cash forecast (through effective company wide collaboration with key partners).

Provide daily updates to Senior management on cash position, covenant headroom and key working capital and cash management levers

Deliver variance analysis and insight against previous forecasts to explain cash position and also improve forecasting accuracy

Defining and optimising the Treasury team structure, strategy and activities.

Own the long-term cash forecasting/budgeting process and model, with a view of driving continuous improvements to processes and models

Own key Treasury relationships (including retail banking, Industry body collateral requirements and Covenant positions)

Act as the subject matter specialist for projects that require Treasury support including billing platform migrations

Drive the development and implementation of a framework of key treasury procedures and controls

Any other ad hoc duties as requested by the Head of FP&A

Is this the job for me?

You’ll have proven experience within a Treasury role and you’re a qualified accountant (ACA/ACCA/CIMA) or hold a Treasury Qualification.

You’re someone who strives for accuracy, with strong attention to detail and takes full ownership of the work you’re responsible for. You’re a confident communicator who’s able to interact with people from all levels and adapt your communication style accordingly. We’re team-players and happy to roll up our sleeves, getting stuck in when needed.

We’re looking for:
Experience in leading a team and coaching and developing others.

Somebody with a proven track-record in excel-based modelling and cash flow forecasting.

Exceptional analytical skills with the ability to challenge.

A self-motivated, self-starter with a ’can do’ demeanor.

Strong working ethics and somebody who is dynamic and enthusiastic to strive for highest levels of accuracy.

A diligent individual with a preference for attention to detail, and be willing to dig and investigate at depth to resolve problems.

A great teammate with a proven track record in coaching.

Someone keen to learn and take ownership of a challenging role in the team with a thorough approach to work.

Life at OVO is pretty fast-paced and vibrant so ideally you’ll be comfortable working in a dynamic high growth business and constantly evolving environment, embrace change and adapt to it positively.

From us you’ll get*

An annual discretionary bonus
4% of your salary to spend on flexible lifestyle benefits
5% matched employer contribution to your pension
25 days holiday + 1 for your birthday
And many more...

(*) Please note that certain benefits kick-in once you have passed probation which can be up to 6 months after your start date.

We want the best people

At OVO, we empower our people to have choice around where and when they work - flexible working arrangements can be discussed for all of our roles. Please speak to the Talent Acquisition team for more info.

We’re keen to meet people with varied backgrounds - our view is the more inclusive we are, the better our work will be. We want to build teams which represent a variety of experiences, perspectives and skills, and we recognise talent on the basis of merit and potential.

We understand some people may not apply for jobs unless they tick every box. If you’re excited about joining us and think you have much of what we’re looking for, even if you’re not 100% sure… we’d love to hear from you.

Learn more about working in the OVO family of companies on our careers page and Glassdoor . We’re also delighted to have received a Top Employers certificate in 2018, 2019 and 2020!