Finance Operations Officer

Cardiff, Glasgow, London

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

 

Ready to take a key role in Ofgem’s financial operations? As a Finance Operations Officer, you’ll ensure accurate and timely processing and payment of purchase invoices, contribute to month-end procedures, and support the audit of Ofgem’s Annual Report and Accounts.

 

Your expertise spans various areas. First, you’ll expertly input purchase invoices, ensuring prompt payments while strictly adhering to the Purchase to Pay process. You’ll also excel in issue resolution, particularly in reconciling supplier statements through essential collaboration with suppliers and colleagues.

 

Building effective relationships is pivotal to your role. You’ll foster strong connections with multiple teams, including the Financial Accounting Team, Procurement Team, Management Accounting Team, Finance Business Partners, and other corporate service functions like Payroll.

 

Additionally, you’ll handle bank reconciliations and adjustment journals, actively investigating discrepancies and coordinating with stakeholders for resolutions. Your role is instrumental in supporting external audits of Ofgem’s Annual Report and Accounts, ensuring compliance with auditors’ queries and delivering necessary audit evidence within set deadlines. You’ll also assist in preparing transparency expenditure reports.

 

Your commitment to accuracy is pivotal as the Finance Operations Officer. You’ll guarantee precise invoice input and payments, offering dependable and accurate advice to Ofgem teams. You’ll also ensure accurate accruals listings and journals. To complete your role, you’ll consistently provide audit evidence and responses to audit queries within set timelines, meeting auditors’ expectations.

 

In your interactions, you’ll work closely with internal teams, including the Management Accounting Team, Finance Business Partners, Payroll Team, Procurement Team, Financial Accounting Team, as well as contract managers and budget holders across Ofgem. You’ll also engage externally with the National Audit Office and Ofgem Suppliers.

 

If you’re prepared to contribute your skills to our dynamic team, playing a crucial part in maintaining Ofgem’s financial stability and accountability, we invite you to apply and become an integral part of our organisation.

 

Ofgem values inclusion, celebrating the diverse voices and experiences of our colleagues. 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 in the Accounts Payable team, you will play a key role in the accurate and timely processing and payment of purchase invoices, completion of month end procedures, and supporting audit of Ofgem’s Annual Report and Accounts. Reporting to the Financial Operations Manager, your work will support robust financial control across Ofgem.

Key Responsibilities

• Input purchase invoices on the accounting system to enable timely payment, ensuring compliance with the Purchase to Pay process.
• Process payment runs for renewable energy scheme participants.
• Respond to any standard invoicing queries received.
• Reconcile supplier statements when necessary, liaising with suppliers or colleagues to resolve queries.
• Build effective relationships with the Financial Accounting Team, Procurement Team, Management Accounting Team, Finance Business Partners and other corporate services functions such as Payroll.
• Prepare monthly bank reconciliations or adjustment journals, investigating discrepancies and liaising with relevant stakeholders to resolve.
• Support the external audit of Ofgem’s Annual Report and Accounts by assisting with queries from auditors to provide required audit evidence by the required due dates.
• Support other external reporting including preparing transparency expenditure reports.

Essential Criteria 

• Experience of working in an Account payable team, with a good understanding of purchase ledger processes and procedures. (lead)
• Team player, customer focussed and able to effectively communicate with both internal and external stakeholders, offering advice and resolving queries.
• Ability to prioritise and work accurately under pressure.
• Excellent attention to detail and good analytical and problem-solving skills.

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

• Working Together
• Managing a Quality Service
• Delivering at Pace
• Communicating and Influencing

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