Senior Management Accountant, Octopus Energy Group

Octopus Energy Generation

Salary not provided
Senior and Expert level
London

2+ days a week in office

Octopus Energy Group

Entech company

Open for applications

Octopus Energy Group

Entech company

1001+ employees

B2CRetailB2BEnterpriseEnergySustainabilityCustomer serviceElectric VehiclesSaaSSocial Impact

Open for applications

Salary not provided
Senior and Expert level
London

2+ days a week in office

1001+ employees

B2CRetailB2BEnterpriseEnergySustainabilityCustomer serviceElectric VehiclesSaaSSocial Impact

Company mission

Octopus Energy's mission is to speed the transition to a sustainable, low carbon future through renewable energy and technology whilst putting customers at the heart of everything they do.

Role

Who you are

  • Qualified accountant (ACA/ACCA)
  • Good technical knowledge of IFRS and Investment Entity accounting (UK GAAP knowledge also an advantage)
  • Good knowledge of fund accounting and fund structures
  • Experience of working with renewable energy investment assets and an understanding of relevant subsidy schemes is preferable
  • Good understanding of CIR and other basis tax rules would be an advantage
  • Knowledge of Efront would be beneficial
  • Highly organised, able to plan ahead to deliver accurate information to tight reporting deadlines
  • Excellent communication skills, with a proven ability to work well with different teams and manage a range of different stakeholders
  • Self-motivated and aspirational, comfortable working in a fast-paced changing environment
  • People management experience preferable

What the job involves

  • While much of the day to day operations and accounting are outsourced at both the asset (SPV) level and fund level, this role will be responsible for the quality of the financial information and reporting across a listed fund, along with assisting on new fund raises and new investment transactions
  • Oversee annual accounts for Listed entities, ensuring compliance with investment trust rules and AIC code
  • Manage AIFMD report and AIFM risk reporting to uphold regulatory standards
  • Manage cash flow, debt, FX payments and oversee audits and budgets for Special Purpose Vehicles (SPVs)
  • Analyse and report on dividend Key Performance Indicators (KPIs)
  • Monitor and assess Holdco Net Asset Values (NAVs)
  • Prepare quarterly Net Asset Values
  • Ensure accurate presentation of financial information in Investor Reports
  • Provide support on fund level audits and review statutory financial statements and corporation tax returns; liaising with external auditors and tax advisors as required
  • Ensure a robust control environment is present throughout the fund
  • Identify system improvements and take ownership of driving change across the team
  • New transaction responsibilities:
  • Assist with the financial and tax due diligence work-streams for new transactions
  • Manage Depo relationships to ensure smooth closing of investment transactions
  • Organise completion payments in line with the funds flow
  • Work with other members of the team to ensure all finance-related elements are considered and addressed ahead of deal close
  • Assist with the onboarding of assets once acquired

Salary benchmarks

Otta's take

Sam Franklin headshot

Sam Franklin

CEO of Otta

According to Octopus, the energy industry in the UK is ruled by a handful of complacent companies peddling fossil fuels, pricing trickery, and poor customer service. Aiming to disrupt the status quo with sustainable energy, Octopus entered the market in 2016 and they now supply energy to millions of homes in a number of countries. Octopus has made a name for itself in energy circles largely because of its “Kraken” technology platform, which it claims is able to reroute energy from renewable sources around a network far more efficiently than competitors.

Octopus Energy further differentiates itself through its aspiration to make everything as easy as possible for consumers, from the simplicity of their bills and the fact that customers are not locked into a contract so they can leave at any time to offering customer service over email and social media at times that suit customers. They aim to make the eco‐friendly choice the easy choice, so all of their tariffs use 100% green electricity, while not being more expensive than their competitors' non-green tariffs.

They are continually creating innovative new products. For example, Octopus Tracker where prices changes daily to guarantee you get the market rate; Agile where the price changes every half hour to enable you to benefit from cheap electricity when the sun shines, the wind blows, and the networks are under-utilised. One of the current challenges they face is that their products are more complex than their competitors, given they use 1000x more data than traditional energy companies. They're exploring ways to explain to customers exactly how their products work.

Insights

B Corporation

Some candidates hear
back within 2 weeks

46% female employees

44% employee growth in 12 months

Company

Employee endorsements

Challenging work

"The work that I am doing is often quite difficult. I am constantly challenged and problem solving, which I find rewarding as it means I am always..."

Funding (last 2 of 6 rounds)

Dec 2023

$800m

GROWTH EQUITY VC

Jul 2022

$225m

GROWTH EQUITY VC

Total funding: $2.5bn

Company benefits

  • Your development is important - we support and help with development including internal and external courses, learning, study support etc, all bespoke to you
  • Flexi working environment
  • Equity Options Scheme - you own your own part of the business, share options in the whole Octopus Energy Group so we all work together towards success
  • Unlimited paid time off policy
  • Work from home opportunities
  • Equity Option Scheme - Everyone owns part of what we’re building with shares
  • Tech - We want to get the best out of our people and get that everyone is slightly different. Have a certain tech requirement? We’ll do our best to get it
  • Money Coach - You may want to think about financial planning. The company has an arrangement with Octopus Money Coach. They offer the opportunity to talk with a professional coach
  • Wellbeing - Need some calm in your life? We have 'Octopus Headspace Licences' available. Twice a week we have 45 Minute live yoga class open to all Octopus staff!
  • Parents - get access to tax free childcare and maternity and paternity pay. We’re always looking for new ways to support parents, during lockdown we created OctoKids TV to help keep your kids occupied and entertained (https://octopus.energy/blog/octopuskids/)
  • Office culture - Our offices are stocked with fruit, breakfast, great coffee, and soft drinks (and ice lollies if you're lucky)! Weekly on a Friday we all get together (this happens virtually too) for company updates and drinks - we call it Family Dinner. We won best company to work for in 2019 and our CEO, Greg has recorded a podcast about our culture and how we empower our people. Check out what our people say at Glassdoor!
  • Car Salary Sacrifice - Browse the wide selection of electric vehicles and get a sample quote under our workplace salary sacrifice scheme. If approved, the monthly leasing costs are taken directly from your gross salary each month meaning you're saving on paying some tax

Company values

  • Autonomy
  • Empathy
  • Innovation
  • Impact

Company HQ

Fitzrovia, London, UK

Founders

Previously Adviser at Ashcombe Advisers for 9 years and Non-Executive Director at Zopa for 7 years.

Previously CEO at Claripoint for 7 years and CTO at Tangent Labs also for 7 years.

Previously Director of "Foundation" Business Unit at Barclaycard for 2 years and Chief of Staff, Secured Lending SBU at Barclays also for 2 years.


People progressing

Joined as Marketing Assistant, being promoted to Marketing Executive after 6 months and again to Junior Product and Marketing Manager after 7 months. After 8 months they became a full Product and Marketing Manager.

Joined as Senior Talent Partner, being promoted to Talent Manager after 1 year and again to Head of Talent Acquisition after 8 months.

Diversity & Inclusion at Octopus Energy Group

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