Finance Operations Officer - London, United Kingdom - OFGEM

OFGEM

Verified Company

London, United Kingdom

2 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Details:

Reference number:

Salary:

- £23,450 - £32,320

National £23,450 £29,381 / London £25,750 £32,320. Please ensure that you read the Pay and Reward information for civil service and internal colleagues before applying.
A Civil Service Pension with an average employer contribution of 27%
Job grade:

Executive Officer

Level 1b
Contract type:
Permanent
Business area:
OFGEM
Corporate Services
Type of role:
Corporate Finance
Finance
Working pattern:
Flexible working, Fulltime
Number of jobs available:
1Contents

Location

About the job

Benefits:

Things you need to know

Location

Cardiff, Glasgow, LondonAbout the job

Job summary:

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.

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.

Job description:

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 mo