Management Accounts Officer

Glasgow

As the regulator for Great Britain’s energy industry, Ofgem ensures a secure and sustainable energy supply for British households and businesses. Our core mission is to safeguard the interests of electricity and gas consumers by promoting value, security, and sustainability while overseeing market development, competition, regulation, and government schemes.

Join our dynamic Management Accounts Team and play a crucial role in shaping Ofgem’s financial landscape. As a key contributor, you’ll ensure Ofgem’s finance system is an accurate and up to date record of Ofgem’s financial position.

At Ofgem, our Flexible Resourcing model offers opportunities to diversify your experience. Beyond your immediate responsibilities, you may find yourself working on various projects or contributing specialised skills to a team in need.

One key responsibility for a Management Accounts Officer is meticulously managing the General Ledger’s accuracy. Delve into transaction analysis, prepare correction journals  with precision, and collaborate with Finance Business Partners to upload budgets and forecasts to Sun systems. Your expertise extends to crafting and posting monthly journals, including accruals and prepayments, within specified timeframes.

As a vital team member, produce timely and accurate financial information for internal analysis and external publications. Conduct monthly and compliance checks, ensuring Ofgem’s transactions align with internal and cross-government policies. Embrace the challenge of maintaining a comprehensive audit trail and assisting in internal and external audit queries.

The Management Accounts Officer will address issues related to data reliability and accuracy. Utilise tools like Power Bi and Power Pivots to enhance the efficiency and insights of financial Management Information.

The role also includes updating the financial system, maintaining accruals/prepayments logs, and generating regular and ad-hoc MI reports. Dive into financial analysis and contribute to the development of a robust data and reporting environment.

Experience in a finance team with a strong understanding of financial reporting, analysis, and financial reconciliations (LEAD), alongside a sound understanding of resource accounting, budgeting, and forecasting is essential.

If you thrive in collaborative working environments, are adept at managing a quality service, all while working and delivering at pace, seize this opportunity to be an integral part of Ofgem’s financial success. Join us in making a difference in the energy sector.

Ofgem values inclusion, celebrating diverse voices and experiences. We encourage different perspectives and experiences in our work, making everyone welcome in our inclusive workplace, where employees can bring their authentic selves to work.

Ofgem is a non-ministerial government department and an independent National Regulatory Authority. Our principal objective is to protect the interests of existing and future electricity and gas consumers. We do this by promoting value for money, promoting security of supply and sustainability, for present and future generations of consumers, domestic and industrial users, the supervision and development of markets and competition, regulation and the delivery of government schemes. We work effectively with, but are independent of, government, the energy industry and other stakeholders within a legal framework determined by the UK government and the European Union.  

Working within the Central Finance Team, the post holder will provide support during the audit of Ofgem’s Annual Report and Accounts and the completion of month end procedures. 

Ofgem operate a Flexible Resourcing model. Longer term you may will have the opportunity to work flexibly across Ofgem supporting on a range of projects or may have a longer deployment within a team where you have in-demand specialist skills, knowledge, and expertise.

Key Responsibilities 

• Ensure General Ledger is accurate and complete through transaction analysis and preperation of correction journals. 
• Work with Finance Business Partners (FBPS) and Management Accountant to prepare and post budget and forecast uploads to Sun systems 
• Prepare and post monthly journals, including accruals and prepayments, within set timeframes and support FBPs through month end proceses. 
• Produce accurate and timely financial information for internal analysis and for external publications. 
• Carry out monthly and compliance checks of Ofgem transactions against internal and cross government policies. 
• Maintain full audit trail of transactions and assit with internal and external audit queries. 
• Identify issues around data reliability and accuracy and undertake specific activities to improve robustness and accessibility of data. 
• Use Power Bi and Power Pivots to improve the efficiency and insights of financial MI. 

Essential Criteria 

• Experience of working in a finance team with a strong understanding of financial reporting, analysis, and financial reconciliations (LEAD) 
• Sound understanding of resource accounting, budgeting, and forecasting.   
• Able to deal with stakeholders at all levels, (internal and external) and work proactively to offer advice and resolve issues and queries.  
• Able to prioritise and work accurately under pressure.  
• Detail conscious and numerate, with strong experience of working with excel and finance systems. 

Desirable Criteria

• Experience of using SUN systems 
• Experience of using Power Bi/Pivots 

We’ll assess you against these behaviours during the selection process:

• Working Together
• Managing a Quality Service
• Delivering at Pace

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.

Alongside your salary of £23,450, OFGEM contributes
£6,331 towards you being a member of the Civil Service Defined Benefit Pension scheme.

Find out what benefits a Civil Service Pension provides.

Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; Hybrid working (currently 1 day a week in the office but is in review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.

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Job contact :

• Name : Cheryl Stobo
• Email : recruitment@ofgem.gov.uk

Recruitment team

• Email : recruitment@ofgem.gov.uk