Senior Management Accountant
Description
Do you want to work to make Power for Good?
We're the world's largest independent renewable energy company. We're driven by a simple yet powerful vision: to create a future where everyone has access to affordable, zero carbon energy.
We know that achieving our ambitions would be impossible without our people. Because we're tackling some of the world's toughest problems, we need the very best people to help us. They're our most important asset so that's why we continually invest in them.
RES is a family with a diverse workforce, and we are dedicated to the personal professional growth of our people, no matter what stage of their career they're at. We can promise you rewarding work which makes a real impact, the chance to learn from inspiring colleagues from across a growing, global network and opportunities to grow personally and professionally.
Our competitive package offers rewards and benefits including pension schemes, flexible working, and top-down emphasis on better work-life balance. We also offer private healthcare, discounted green travel, 25 days holiday with options to buy/sell days, enhanced family leave and four volunteering days per year so you can make a difference somewhere else.
The position
This role may require supporting team across both offices, so may require occasion travel. This is a hybrid role with 60% expected to be in office, rest work from home.
The UK & I Asset Management department is a growing team whose sole purpose is to deliver financial support services under Management Service Agreements (MSAs) across multiple clients owning renewable assets under management including onshore Wind Farms, Solar Farms and storage farms.
The team is effectively an outsourced finance business partnership, which amongst many other services includes delivering on the following key tasks for each portfolio: monthly management accounts with comparisons and analysis to budget, cashflow forecasts, distribution calculations, annual budget preparation, bank loan compliance, financial statement preparation including audit process management and tax return oversight. It is essential that a strong control environment and professional scepticism is maintained throughout the team and processes and procedures are robust, well documented and are constantly monitored.
The business continues to grow rapidly which therefore requires an individual that can quickly adapt to changes in priorities and ensure that an allocated portfolio of client always receives the quality service that they have come to expect.
The AM Finance department is managing over 150+ Companies and a team size of 22 across 12 clients. There is now, a need for an additional senior member in the team who can manage a portfolio of clients and legal entities underneath independently with minimum supervision. This role will work alongside the other Client leads, manage management accountants, and will report to the Head of Finance.
The primary responsibility of the Senior Management Accountant will be to manage the financial obligations for a portfolio of clients (operating assets and Hold Co. / consolidations) with a view to provide excellent service to the client by making sure all the deliverables are accurate, good quality and are produced efficiently in a timely manner. The role will require an ability to form strong relationships with internal management and external asset management personnel.
Key Accountabilities
- Supervising the team’s preparation of monthly management accounts and assisting with issues or problems that arise.
- Being the trusted business partner and first point of contact for any issues, proposals or client related matters that needs escalation.
- Delivering periodic cashflow forecasts and distribution calculations with clear bridge analysis
- Co-ordinating the annual budgeting process and ensuring fully board approvals
- Quarterly board reports and presentation of finance sections at board meetings
- Ensuring compliance with statutory and regulatory requirements, specifically with regards to OFGEM
- Managing bank compliance model preparation and loan covenant calculations, interest and principal repayments and any other banking requirements
- Reviewing VAT returns for all asset managed entities before submission
- Overseeing the preparation of the statutory accounts and ensuring consistency, quality and compliance with applicable accounting standard (FRS101, FRS102, IFRS) and Companies Acts for all asset managed entities.
- Preparation of consolidated annual accounts with applicable accounting standard featuring multiple operational entities and externally financed holding companies which include complex accounting treatments.
- On boarding of new projects into the asset management portfolio;
- Supporting continuous improvements to accounting and reporting processes together with the wider Finance and ERP Development teams;
- Help with the contract review for financial obligations often reviewing the calculations and preparing Contract Summaries as and when needed.
- Other adhoc improvements or process tasks as and when required
Knowledge you will need
- Strong accounting knowledge;
- IFRS, FRS 102, FRS 101 and UK GAAP;
- Understanding of both management and statutory accounting.
Skills you need
- Excellent technical accounting skills;
- Ability to scrutinize and analyze numbers to identity errors, variance analysis and raise questions.
- Ability to prioritise and manage multiple tasks and deadlines;
- A team player but with the discipline to work autonomously;
- Ability to articulate financial information to non-finance specialists
- Good communication skills and the confidence and credibility to communicate to external parties;
- Attention to detail;
- Adaptability to frequent change
- Quick learner – grasp the needs of department very quickly with minim supervision
- Proactive, ‘can do’ attitude, with a focus on continuous improvement of reporting and analysis;
- Good problem solving skills;
- Strong Microsoft Excel and accountancy systems skills;
Experience
- Experience of monthly, quarterly and annual management accounting routines within a commercial organization;
- Ability to deal with multiple entities and multiple clients;
- Sound experience of using an ERP system (use of Agresso/Business World a distinct advantage but not essential);
- Experience in communicating with non-financial internal stakeholders;
- Preparation of statutory financial statements under IFRS, FRS 101 and FRS102.
- Ability to set up processes, templates and simplify.
- Experience of working with complex templates / spreadsheets is a must.
- Ability to work in collaboration with others effectively
- Team management experience
Qualifications
- Qualified accountant (ACA/ACCA/CIMA)
- 5+ years working in renewables or similar industry.
At RES we celebrate difference as we know it makes our company a great place to work. Encouraging applicants with different backgrounds, ideas and points of view, we create teams who work together to solve complex problems and design practical solutions for our clients. Our multiple perspectives come from many sources including the diverse ethnicity, culture, gender, nationality, age, sex, sexual orientation, gender identity and expression, disability, marital status, parental status, education, social background and life experience of our people.
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