Job Information
National Grid Investment Accountant (Innovation) - ESO in Warwick, United Kingdom
About the role
Great Britain's electricity system is undergoing an ambitious, exciting and vital transformation. Together with industry, we are creating a cleaner, greener system, one that protects the planet and serves generations to come.
Reporting to the Project Finance Lead, the Investment Accountant provides comprehensive financial support to the project portfolio teams, providing regular financial analysis and reporting to facilitate effective financial management of projects. It proactively supports Project Managers, providing analysis, risk assessment and financial insight to support decision-making and ensuring appropriate accounting controls are followed.
This role is based from Warwick, with travel to other sites when required. We continue to offer hybrid working (https://jobs.nationalgrid.com/UK/content/Our-culture/?locale=en_GB) from office and home. We are open to full time and part time applicants, as well as flexible working arrangements.
About us
As Great Britain’s electricity system operator (ESO), we sit at the heart of the electricity system, using our outstanding engineering and commercial expertise to balance electricity supply and demand. Ultimately, we keep the electricity flowing directly to where it’s needed, second by second.
Becoming the National Energy System Operator
In Summer of 2024, the ESO will transition to becoming the National Energy System Operator, or NESO for short. Previously denoted as the Future System Operator (or FSO), the new National Energy System Operator will be the independent body responsible for planning Great Britain’s electricity and gas networks and operating the electricity system.
The ESO, including all of its existing roles, will be at the heart of the new National Energy System Operator. As NESO, we will build on our existing roles, capabilities, and ways of working significantly to create an organisation the energy system and its users’ need. Our new capabilities will enable us to look across vectors, including electricity, natural gas and hydrogen, and crucially consider the trade-offs between them.
The organisation will be set up as a public corporation with its own Board of independent directors, with complete operational independence from government, the regulator and any and all commercial interest. As the ESO are today, NESO will be licenced and regulated by Ofgem through price control agreements and obligated to identify optimal solutions to system operations and planning in the most sustainable, affordable and secure way for all.
The time to deliver is now. As part of our team (https://www.nationalgrideso.com/what-we-do/our-people/work-us) , you won’t just be touching the lives of almost everyone in Great Britain – you’ll be shaping the way we use and consume energy for generations to come.
Key accountabilities
- Working with the Project Management team to ensure that:
Project forecasts are at all times thorough, comprehensive, fully incorporate accurate risk, and are consistent with the demands of the programme.
Project finances (actuals and forecasts) are accurate and robust and that all risks and opportunities are effectively managed.
Any amounts that need to be written-off are actioned accordingly.
Useful Economic Life of assets is understood and monitored.
Projects are commissioned on a timely basis and that relevant WBS elements are closed.
All innovation rules are adhered to for internal spend and that Ofgem rules are not breached
Providing a review of performance to Senior Management and project teams, undertaking trend, variance analysis, critical evaluation, and providing financial insight to drive improved project performance. Conduct regular project surgeries to review financial insights and identify appropriate actions.
Delivering customer service excellence to internal customers, ensuring financial performance insights are delivered directly to the business and that all financial performance is understood. Provide timely responses to queries received relating to project accounting processes.
Ensuring the accuracy of actual costs incurred, that projects are accurately entered on company systems in accordance with FSO’s accounting policies and appropriate accounting standards.
Ensuring all controls for the function are properly conducted and any deviations are escalated as appropriate and remedied accordingly.
Providing data for investment business cases for actual spend and for closure papers for total project spend. Ensuring sanction spend is fully understood and tracked.
Being recognised as a critical trusted partner for the business, utilising financial expertise and project knowledge to provide support to the wider business.
About you
What we do isn’t just important – it’s essential. That’s why we look to recruit experts in their field. In this case, we’re looking for someone who:
Fully qualified accountant (member of CIMA, ACCA, or ACA), or working towards a relevant qualification.
Experience in financial and management accounting/reporting (including planning, forecasting, and budgeting).
Experience of project accounting including investment appraisal.
Knowledge of SAP S/4 HANA is preferred.
Previous experience in a business facing role ideally in a regulated business.
Good understanding of governance, risk, and internal control frameworks.
Excellent communication and stakeholder management skills.
What you'll get
A competitive salary between £40,000 - £45,000pa – dependent on experience and capability.
As well as your base salary, you will receive (https://jobs.nationalgrid.com/UK/content/Whats-in-it-for-you/?locale=en_GB) a bonus based on company performance, 26 days annual leave as standard and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%.
More information
This role closes on 12/07/2014 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.
We work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation (https://jobs.nationalgrid.com/UK/content/Diversity-equity-and-inclusion/?locale=en_GB) , and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.
We're committed to building a workforce that represents the communities we serve, and a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
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