Senior Management Accountant
OFGEM
Apply before 11:55 pm on Monday 28th October 2024
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About the job
Job summary
We’re offering a fixed-term position for 6 months with the opportunity to take on a role that directly impacts how we manage finances at a time when energy market changes are front-page news. This is a fantastic opportunity for someone looking to step up to the next level in their career or seeking an entry into the Civil Service. You’ll play an important part in supporting our mission by ensuring the integrity of data that informs key decisions.
You’ll be joining a team that’s essential to our financial management, offering insight that shapes the direction of our work. You’ll take on a key role in shaping how we manage financial processes and ensure the delivery of vital insights, all while supporting our goal to protect energy consumers.
We’re looking for someone with strong financial management experience, who thrives in high-pressure environments and can translate complex financial data into clear insights. You will lead a small team, ensuring that our financial processes run smoothly and on time.
You’ll also enjoy a range of benefits including flexible working arrangements, access to learning and development opportunities and the chance to make a significant impact in a role where your contributions will help shape the energy market of the future.
We have a critical purpose to support the energy market’s transition towards sustainability by providing financial management that is second to none, ensuring we protect public money while making informed decisions that affect the entire UK.
Read on and find out more.
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.
Ofgem has a culture of inclusion that encourages, supports and celebrates the diverse voices and experiences of our colleagues. It fuels our innovation and helps ensure we can best represent the consumers and the communities we serve. Everyone is welcome - as an inclusive workplace, our employees are comfortable bringing their authentic selves to work.
Job Description
This role sits within the strategic finance side of Finance, Procurement and Risk Department which supports teams to spend money on the right things, in the right ways, and through the effective management of risk to help Ofgem deliver its priorities. This is of critical importance in the current energy market and at a time when Ofgem is evolving to an organisational design that focuses on professions and flexible resourcing. Your role will be critical in supporting this successful transition through our finance systems, budgetary oversight, robust data and quality financial reporting. You will be responsible for the integrity and value of data Ofgem finance develops, uses and publishes.
We are looking for a self starter who is organised, works collaboratively to run different processes in parallel and can draw out key messages from detailed financial information in a format that non-technical colleagues can understand and take actions upon.
Person specification
Key Responsibilities
- Reporting to the Head of Financial Management, manage Ofgem’s monthly finance cycle and providing quality insight through delivery of reports, identifying trends, risks and variances with recommendations for Executive Committee.
- Support clear and robust budget allocations through acting as the intermediary between finance and ePMO as well as managing the Main and Supplementary Estimates processes.
- Build relationships with teams across Ofgem finance to support data integrity, quality financial information in ledgers, robust variance analysis and joined up finance systems
- Plan, oversee and deliver a set of work deliverables on time and to a high standard through effective management and support of team members.
Key Outputs and Deliverables
- Lead on development of standardised financial reporting, supplemented by corporate MI, to deliver insight and recommendations that support in-year financial management
- Manage the monthly consolidation of a robust resource forecast, with comparative projections, risks and opportunities that can inform budgetary requirements, spending decisions and cash management
- Develop standard processes and conduct variance analysis and validation checks to support accuracy and compliance
- Support oversight and control of OFGEM’s budgets through:
- working closely with ICC and ePMO
- planning and supporting Main and Supplementary Estimate processes
- Accounting for income and setting up processes and controls to protect ringfences
- Manage a team that:
- Delivers a month end process that is accurate, complete and on time
- Protects data integrity in all financial ledgers
- Maintains a chart of accounts hiearchy that meets evolving organisational design changes to deliver internal and external reporting requirements
- In conjunction with IT, supports system integrations, interfaces, upgrades and improvements
Role Requirements
Essential Criteria
- CCAB or equivalent qualified (Lead)
- Experience of setting and overseeing strict month end financial timetables and managing financial ledgers (Lead)
- Sound knowledge of government accounting including managing public money, supply estimates and consolidated budgeting guidance
- Experience of line management and professional development
- Extensive experience of financial reporting through finance systems and MS tools eg Excel and Power BI
Qualifications
Behaviours
We'll assess you against these behaviours during the selection process:
- Making Effective Decisions
- Working Together
- Delivering at Pace
- Managing a Quality Service
Technical skills
We'll assess you against these technical skills during the selection process:
- Please refer to the Candidate Pack and Role Profile attached for full details.
Benefits
Things you need to know
Selection process details
When you press the ‘Apply now’ button, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications.
You will then be asked to provide a 1250 word ‘personal statement’ evidencing how you meet the essential and desirable skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the essential and desirable skills and capabilities.
The Civil Service values honesty and integrity and expect all candidates to abide by these principles. Ofgem take any incidences of cheating very seriously. Please ensure all examples provided are of your own experience. Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant applications will be withdrawn from the process.
Feedback will only be provided if you attend an interview or assessment.
Security
Nationality requirements
Working for the Civil Service
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).
Diversity and Inclusion
Apply and further information
Contact point for applicants
Job contact :
- Name : Lucy Dowding
- Email : recruitment@ofgem.gov.uk
Recruitment team
- Email : recruitment@ofgem.gov.uk
