Financial Accounting Manager

Requirements of the role

With a focus on securing a sustainable, safe 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. Within this role you will be supported across the Finance, Risk and Procurement profession, joining a network of skilled colleagues and supported by our learning and development team to guide you on your career journey.

As a member of our friendly and collaborative team, you will use your financial accounting knowledge to ensure robust financial control measures and processes are in place across the organisation. With responsibility for delivering month end processes including balance sheet reconciliations and the VAT return, you will also 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. Managing other team members, you will ensure deadlines are met and you will be keen to share your knowledge with them, so that they continue to develop their own professional capabilities alongside yours.

You will be CCAB (or equivalent chartered accountancy qualification) fully qualified, or part qualified with only one final exam to complete. You will also have practical experience in financial accounting. With a knowledge of IFRS accounting standards, and an awareness of VAT, financial controls and audit requirements, you will be capable of translating complex information 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 great communication skills, and you will enjoy coming up with solutions to problems for Ofgem and its stakeholders.

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 are welcome. We will also support you with excellent training and development opportunities, hybrid working options and a competitive benefits package.

Job description
Ofgem is Great Britain’s independent energy regulator. Our primary responsibility is to protect energy consumers, especially the most vulnerable, while at the same time working with government, industry and consumer groups to deliver a clean, more affordable and secure net-zero energy system at the lowest cost to consumers, and drive economic growth.

Reporting to the Senior Financial Accounting 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 particularly in relation to the balance sheet, with accuracy, completeness and timeliness, and will use your financial accounting knowledge to ensure robust financial control across the organisation. You will coach and manage a small team, directing daily tasks.

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