Job Title: Finance Support Business Partner – Distribution
Salary: £31,500 to £47,900 plus benefits & annual bonus.
Permanent | Full Time Hours with flexible working patterns available
This role will be responsible for providing commercial finance support to the Electricity Distribution business in support of the Distirbution Finance Business Partner at a critical time of change in the business and scrutiny in the industry. As a natural monopoly, our Electricity Distribution business is subject to regulatory oversight by the industry regulator, Ofgem. As such we have a ‘Regulatory Contract’ (referred often to as a Regulatory Licence) in which we are required to comply with a number of obligations and underpins our financial and business performance drivers.
We are currently approaching the mid-point of this price control for Electricity Distribution (RIIO-ED1) and the business is going through a substantial period of change and transformation to deliver for customers and shareholders accordingly. As such, this is a varied and challenging and commercially driven finance role which will support the provision of financial support and challenge required to the Electricity Distribution business including its Leadership Team and Senior Management. This is a high profile role which will have exposure to strategic and business critical information and priorities and is pivotal to providing the financial support required to the business during this period of change. This will involve providing analytical and financial support to the business through financial analysis, financial modelling and cost benefit analysis to support Networks Operations, Asset Management and wider commercial decisions.
As such, this is a varied and challenging role which will contribute to many aspects of the financial support required to the Networks business with the primary responsibilities as follows:
1.Preparing the comprehensive Regulatory Reporting data packs that go annually to Ofgem and utilising this expertise to provide support to the business throughout the year including unit cost analysis, efficiency drives, and planning;
2.Supporting the wider detailed regulatory reporting requirements as required by the industry regulator, Ofgem and contributing to the data assurance processes;
3.Providing analytical and financial support to the business through financial analysis, financial modelling and cost benefit analysis to support the business;
4.Providing ad hoc support and working closely with the Distribution Management Accounting team to ensure costs are captured and reported accurately, and true financial insight can be provided across all interactions with the wider finance team.
This role will be responsible for preparing regulatory reporting information alongside business colleagues which will involved ensuring information is robust and compliant with guidance and with licence obligations.
• Supporting the Distribution Finance Business Partner and leading the preparation of annual reporting cost information to Ofgem
•Responsible for preparing various aspects of the regulatory reporting requirements to Ofgem including liaising with external auditors, business assurance and compliance;
•Establishing and improving processes, procedures and methodologies to improve reporting and the control framework as required by our regulatory licences;
•Working closely with colleagues in Networks and Finance to improve robustness and quality of financial information to support decision making and drive business efficiency
•Providing financial support to aid decision making in the Networks businesses i.e. Transmission and Distribution, providing financial modelling, analysis, oversight and governance;
•Representing SSEN at external meetings with Ofgem and other Network Operators, ensuring SSEN's position is asserted accordingly;
•Working closely with Finance and Regulation colleagues on regulatory finance issues affecting the business;
•Building strong working relationship with key stakeholders (both internal and external), including Ofgem, network operators, the business, wider finance teams, regulation and other corporate functions.
Knowledge, Skills and Experience
•Have relevant accounting experience covering a minimum of 3 or more years and be at least working towards a professional accounting qualification (ICAS, ICAEW, ACCA, CIMA or CIPFA);
•Willing to undertake a varied and challenging role (this may include finance based responsibilities such as finance business partnering, regulatory finance, corporate finance and long term planning models, with involvement in financial control and statutory financial reporting; or adjacent regulatory responsibilities);
•Able to work to tight timescales, under pressure and deliver to a high standard;
•Has an interest in understanding the wider business and its commercial drivers and keen to develop skills and experience further as part of professional development;
•Is pro-active and uses initiative to develop and enhance financial support to the business to help maximise value;
•Comfortable reviewing legal/regulatory documentation (primarily financial related elements).
•Overall the candidate will need to be assertive, pro-active and diligent in their approach and be willing to undertake challenging tasks often beyond their ‘comfort zone’.
•The ideal candidate will be career focused, seeking an opportunity in a leading FTSE100 plc..
•Financial modelling skills would be highly beneficial but not essential. Being a proficient user of Excel with a willingness to develop these skills further is a minimum requirement.
•Understanding of financial systems, data management, and general application of estiamtion and calculation methodologies would be highly advantageous.
We all have different skills here at SSE and that’s what makes us stand out. We all take pride in a job well done and share the belief that an inclusive culture is key to our success and vision for the future. Passionate about people and proud of our award winning customer service, we go to great lengths to extend these values to our employees. This enables our diverse workforce the flexibility and opportunity of developing to their full potential. Above all, safety is at the heart of everything we do at SSE and we live by the mantra ‘if it’s not safe, we don’t do it’.
Lots of good things, including 34 days’ holidays (inclusive of public holidays), pension plans and paid volunteering days. Click here for a full breakdown; http://sse.com/careers/benefits-and-development/
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Closing date for applications is: Monday 7th January 2019
This vacancy is open to internal and external candidates. If you’re internal, please notify your line manager before you submit your application. If you’re successful, we’ll conduct some pre-employment checks.