Birmingham, we operate a Hybrid working policy and employees are required to be in the office a minimum of 2 days per week
Hours:
Full time Monday to Friday, 37.5 hours a week
We’re seeking to recruit a Financial Controller within the Finance department. This role is responsible for managing a team carrying out management and statutory reporting of the company’s performance, with particular emphasis on ensuring the correct measurement and reporting of the highly complex area of gross margin in the electricity supply industry.
WHAT YOU’LL BE DOING:
* You will be accountable for delivering Bryt Energy’s financial reporting on a monthly and annual basis and will have overall responsibility for the financial control process.
* You will work closely with department heads and directors of the business to manage and mitigate financial risk facing the business.
* At Bryt Energy we are passionate about the transition to a net zero, sustainable energy future, and we are hands-on in our management approach. The right candidate will share our passion and be someone who provides strong leadership, can define and implement the organisational strategy, but can also work at the operational level to support and inspire the team.
YOU’LL BE RESPONSIBLE FOR:
All accounting and book-keeping processes, managing staff responsible for:
* Accounts Payable:
o Ensuring prompt processing, approval, posting and payment of a large number of industry costs totalling over £800 million in 2024.
* Accounts Receivable:
o Matching and posting customer payments to accounts and supporting the Credit & Collections team chase late payments.
* Ensuring timely and accurate month-end closing processes and reporting of results to Statkraft Group.
* Preparation of annual statutory accounts and managing the audit process.
* Preparation and review of monthly payroll for 150 staff.
* Gross Margin Assurance:
o Ensuring accurate reporting of gross margin, ensuring matching of industry costs and revenues, as any errors could have a highly material effect on the business. Key areas are:
+ Validating that customer billed vs settled volumes are aligned.
+ Analysing margins achieved vs pricing assumptions.
+ Analysis and follow-up of unbilled revenue.
+ Identifying any areas of revenue leakage and proposing solutions.
* Accountability for reporting gross margin reporting. Responsibilities will include:
o Review existing reporting and recommend and implement improvements in conjunction with third party system provider.
o Active engagement with various departments inside Bryt Energy (Commercial, Operations, Sales and IT) to ensure processes and systems that impact gross margin are effective.
o Close involvement with development of reporting and analysis of new energy transition products relating to behind-the-meter activities (e.g. batteries, solar, dispatchable load).
o Consideration of future changes to energy market (e.g. Nuclear RAB; Market-wide Half-Hourly Settlement) that could impact gross margin and implementation of any necessary processes to manage and report on this.
In addition, you will be responsible for:
* Ensuring internal control procedures are followed correctly across the business.
* Bank and cash management, ensuring that the company has sufficient cash for continued operations.
* All submissions and payments to HMRC, including:
o Preparation, review and submission of annual Corporation tax calculations and returns (assisted by external advisors).
o Preparation, review and submission of quarterly VAT and CCL returns.
* Analysis and follow-up of financial performance of the business, including presenting to the board and relevant department managers.
* Direct management of a motivated team of staff responsible for accounts payable, accounts receivable, financial accounting and gross margin assurance.
THE IDEAL CANDIDATE:
What you’ll bring to the team:
* Highly analytical thinking with strong problem-solving skills, able to identify issues, clearly articulate complex requirements and to develop and drive forward solutions.
* The drive and skills to develop and improve operational processes and controls, taking ownership for delivering process optimisation.
* Effective stakeholder management skills, with an ability to negotiate and influence whilst navigating different viewpoints and priorities.
* Confident problem solving and able to clearly articulate the issue and identify and drive forward solutions.
* An eye for detail whilst keeping your focus on the context and ultimate objectives.
Education and training:
* Qualified with a recognised professional accounting qualification.
* Highly numerate with demonstrable commercial acumen.
Abilities and Skills:
* Be a confident and clear communicator to internal stakeholders at all levels to achieve desired results with strong teamwork being maintained.
* Confidence in problem solving and being able to clearly articulate the issue and identify and drive forward solutions.
* Flexible hands-on and structured approach, and with high personal integrity and trust through all working practices undertaken.
* Proactive and energetic approach, with a positive attitude and an ability to work well under pressure.
* Experience of working in the UK electricity supply industry.
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