Management Accountant - Asset Management / DSO

Job content

Reporting to

Finance Manager AM, CS, DSO & CUs

Function

Business Partnering

Location

Bury St Edmunds /London/ Flexible

Reference Number

76426

Employment Period

Permanent

Contract Type

Personal Contract

CiP Level / Bonus

7.5%

Starting Salary

£60,000 – Plus bonus and benefits

Closing Date

26/03/2023

All applications will be reviewed after the closing date

We also offer :
Annual leave 25 days

Personal Pension Plan – Personal contribution rates of 4% or 5% (UK Power Networks will make a corresponding contribution of 8% or 10%)

Tenancy Loan Deposit scheme

Tax efficient benefits: cycle to work scheme

Season ticket loan

Occupational Health support

Switched On – scheme providing discount on hundreds of retailers products.

Supplier discounts, such as O2, EE, Vauxhall cars, Universal tyres

Discounted access to sports and social clubs

Employee Assistance Programme.

Be part of something powerful.

We are the UK’s biggest electricity distributor delivering power to 8.4 million homes and businesses across London, the east and south east of England. We keep the lights on across 29,250 square kilometres, serving 19 million people from Cromer in the east to Brighton on the south coast.

If you want to play a part in powering the lives of over 8.4 million homes, this is the place to be. We are a big business with a big responsibility, but we feel like a close-knit team. Join us, and we’ll give you every opportunity to fulfil your potential and have a successful career, where you’ll help us shape the future of the energy and utility industry.

Be part of enabling our country’s transition to Net Zero carbon emissions.

Nature & Scope

Play a key role in providing an excellent service to the directors and senior leads within Asset Management and DSO. Working collaboratively with other Finance professionals, produce regular and ad-hoc reports that provide meaningful insights into the performance of the business. Key to success will be the ability to exercise objectivity and challenge Management at the appropriate time using information gleaned from the data to support your arguments.

You will operate on your own initiative for much of the time and it is important you are a motivated self-starter.

The team is part of Finance Business Partnering, which supports the entire company to improve results. This provides much greater opportunity for career development.

The role is flexibly based but the choices are London, Bury St Edmunds or Crawley and may require some travel between the locations to meet with stakeholders.

It is anticipated that you will undertake this role with a high degree of autonomy, so you will be a self-starter who likes to work on your own initiative. Your manager is there to support you throughout.

Dimensions

Asset Management has its own annual budget of approximately £42m but is responsible for the overall Asset Portfolio Plan circa £570m. The DSO has an annual budget of £23m, but this is expected to grow as we move further into the ED2 Regulatory period.

Role

The purpose of the role is to provide an excellent service to the Asset Management Directorate as well as to the newly formed DSO (Distribution System Operator) Directorate, including monthly reporting, financial budgeting and forecasting. The role requires excellent analysis and interpretation skills to distil insights form the information and communicate these effectively to decision makers who will then be held to account against the commitments they make. In addition, the job role holder will be expected to work with the business to drive continuous improvement in the financial and operational performance of both DSO & Asset Management.

Principal Accountabilities:
Leading the budgeting process to ensure the business requirements are met or exceeded. The budget will be fully integrated to incorporate targets for non financial outputs.
Producing regular accurate forecasts of year end out-turn with Director sign off to enable re-planning of resources that will remain focussed on achieving the overall goals.

Preparing accurate and timely the monthly performance packs as well as producing ad-hoc reports to provide key insights to business to support decision making.
Identifying opportunities, potential areas of risk and recommend options for action including areas of cost reduction, improved ways of working, investigating key variances and assisting to implement improvement plans if deviations occur.
Deputising for Finance Manager at Senior Management Team/Director meetings

Knowledge, Skills, Qualifications & Experience:
Qualified accountant (member CCAB or equivalent)

Track record of delivering results and challenging inefficient orthodoxies

Strong accounting and analytical skills with a very strong commercial aptitude

Strong interpersonal skills and the ability to influence and communicate effectively at all levels
Ability to work effectively & proactively on own initiative and autonomously, without close supervision
Ability to plan, project manage and co-ordinate effectively
Energetic and resilient personality
Strong IT skills, including SAP and Microsoft Excel & PowerPoint.
A current driving licence with access to car and the ability to work flexibly throughout the year are essential.

Health & Safety Responsibilities

Managers and supervisors carry both legal and company responsibilities for ensuring the health and safety of their employees, those under their control and those who might be affected by the work undertaken, i.e. public, visitors and employees of other organisations. This includes briefing individuals working for them and ensuring there is the necessary understanding, competence and application of requirements to work safely and without harming the environment.

Employees will ensure they fully understand the health and safety risks involved in their work activities and their responsibility to apply the controls needed to manage those risks to acceptable levels. Similarly where work activities can have an adverse impact upon the environment, and particularly where there are legal requirements, employees will understand those impacts and the controls they must ensure are applied.

Employees need to be aware that for some craft and operational roles that work at height, or use fall arrest devices, there is an upper weight limit of 116Kg due to maximum safe working load of the safety equipment that is used.

If in doubt ask!

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.