Financial Accountant, OVO
£43.5-55k
+ Eligible for an on-target bonus of 15%. We have one OVO bonus plan that focuses on the collective performance of our people to deliver our Plan Zero goal
More information about location
Powering human progress with clean affordable energy for everyone
Posted today
Powering human progress with clean affordable energy for everyone
1001+ employees
Posted today
£43.5-55k
+ Eligible for an on-target bonus of 15%. We have one OVO bonus plan that focuses on the collective performance of our people to deliver our Plan Zero goal
More information about location
1001+ employees
Company mission
To lower carbon emissions to zero by 2035, helping our customers reduce theirs at the same time - we call this Plan Zero.
Role
Who you are
- Experience: Mid-level
- This role in 3 words: Technical, Precision, Communicator
- Top 3 qualities for this role: Organisation, Attention to detail, Communication
- A qualified accountant (ACA, CA), preferably trained with practice firms
- Post-qualification experience, preferably both in practice and industry but not essential
- Technical IFRS/UK GAAP knowledge
- Ability to work efficiently and independently to deliver results
- Ability to communicate effectively
- Strong organisational, project management, and analytical skills
- Ability to work under pressure and meet deadlines in a changing environment
- Organised and thorough in approach with a keen attention to detail and willingness to dig and investigate to resolve problems with own initiative
- Willingness to learn and can-do attitude
What the job involves
- Reporting to: Senior Group Reporting Manager
- We might not be on the frontline of people’s zero carbon journey, but the Group Reporting Team plays a pivotal role within our finance function, directly contributing to the company's sustainable growth and overall strategic objectives
- This team is crucial in accurately reporting our financial position, enabling investment, managing risk, and fostering a strong reputation
- Reporting into the Senior Group Reporting Manager, you will have responsibility for supporting the external and internal reporting and technical accounting requirements for the OVO Group to ensure accurate results are reported and enable informed decision-making
- Assisting with the production of IFRS consolidated results for various internal and external stakeholders
- Assisting with the production of IFRS and UK GAAP (both FRS 101 and FRS 102) annual statutory accounts
- Assisting with the preparation of detailed technical accounting memos and calculations
- Supporting the external audit, including coordinating the audit and preparing audit work papers
- Ownership of IFRS 16 lease accounting including maintaining IFRS 16 lease schedules and calculations. Candidates must have good working knowledge of IFRS 16
- Preparing covenant calculations and reporting
- Preparing compliance reporting
- Ownership of intercompany month end process including ensuring elimination of transactions and balances within the group and accuracy and completeness of intercompany transactions and balances
- Supporting the Senior Group Reporting Manager in developing efficient processes, controls and systems to support the growth of the business
- Supporting the Senior Group Reporting Manager in delivering IFRS training to the finance team
- Supporting the wider financial control team as required
- Systems: Microsoft Office, G-suite, OneSource, Workday
Our take
On average, home energy represents 26% of our carbon footprint. Ovo Energy wants to bring this to zero by providing cheaper, greener and simpler energy to customers. It's analysing meter data to deliver easy, personalised actions, turning electric vehicles into power stations with clever chargers, and building energy-efficient heaters. For households, it's offering is organised into four different energy plans, that include interest rewards on energy credit balance.
In 2020, OVO completed the acquisition of SSE Energy Services' retail arm for £500 million, meaning that the challenger brand now has around 4 million customers in the UK.
While helping Ovo members halve their carbon footprints, the company is also working towards becoming a net zero carbon business by 2035. The challenges ahead for the company include encouraging consumer behaviour change, shifting towards subscription models for home energy use.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Inspiring mission
"The mission to provide Green energy to all customers, and to enable all our customers to start on a journey towards zero carbon living is written in..."
Funding (last 2 of 3 rounds)
Jul 2023
$270.9m
GROWTH EQUITY VC
Feb 2019
$270.9m
GROWTH EQUITY VC
Total funding: $583.8m
Company benefits
- On-target bonus up to 15%. We have one OVO bonus plan that focuses on the collective performance of our people to deliver our Plan Zero goal
- Flex Pay: 9% on top of your salary - 4% of this is auto enrolled into your pension, and the remaining 5% is yours to do what you like with. You can use this to buy from our extensive range of flexible benefits, including our green benefits which we've put at the heart of our offering, add to your pension or even take it as cash
- 34 days of holiday (including bank holidays)
- For your health: With benefits like a healthcare cash plan or private medical insurance depending on your career level, critical illness cover, life assurance, health assessments, and more
- For your wellbeing: With gym membership, travel insurance, workplace ISA, will writing services, dental insurance, and more
- For your lifestyle: With extra holiday buying, discount dining, home & tech loans, and supporting your favourite charities with give-as-you-earn donations
- For your home: Get up to £400 towards any OVO Energy plan, plus great discounts on solar, smart thermostats and EV chargers
- For your commute: Nab a great deal on ultra-low emission car leasing, plus our cycle to work scheme and public transport season ticket loans
- For your belonging: To find better ways to support our people, we need to listen to each other’s experiences and find ways to build a truly inclusive and diverse workplace. As part of this, we have 8 Belonging Networks at OVO. Led by our people, for our people - so when you join OVO, you can play a part - big or small - with any of the Networks. It's up to you
Leadership
David Buttress
(CEO)CEO of OVO, the UK’s 3rd largest energy supplier. Joined in May 2024.
Diversity, Equity & Inclusion at OVO
Alessandro Storer (Head of Inclusion & Belonging )
- We run inclusive training and unconscious bias workshops for employees and interviewers
- We provide mental health support, through different networks, having mental health first aiders within the business and running initiatives like our "wellbeing Wednesdays" to promote this.
- We have dedicated Early Years programmes with a focus on underrepresented groups, offering different training opportunities within the business.
- We invest in tools, like Textio, and focused I&D job boards to help us reduce bias in our job postings and recruitment activity.
- Commitment in improving diversity across our Tech Teams and working with companies to improve the tech ecosystem as a whole, specifically have committed to at least 30% Women in Tech at OVO by 2026
- We've signed up to numerous charters, like the Tech Talent Charter, Race at Work Charter and Trans in the City, to show our continuing commitment to improving I&D within OVO and the wider community
- Within OVO we have multiple belonging networks and communities set up, to offer support and forums for everybody
- Read more about our commitments to improving Diversity & Inclusion at OVO in our linked belonging report
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