Location: Warwick, GB, CV34 6DA
Job Type:
Requisition Number: 62845
Department: Finance
Job Function: Finance and Risk
About the role
National Energy System Operator’s (NESO) strength lies in our people. Together, we’re shaping the future where clean, affordable energy is accessible for all. Every day is an opportunity to make a real difference, accelerating the progress of sustainable GB energy, keeping people connected and society thriving as we create a brighter tomorrow.
Reporting to the Financial Controls Manager, the Financial Controls Analyst plays an important role in supporting the design and implementation of an effective controls framework for the Nation Energy System Operator (NESO), ensuring that they have fit-for-purpose controls established and documented that keep the business safe and compliant.
This role sits in the 2nd line of defence. In the position of Financial Controls Analyst, you will play a pivotal safeguarding role for our business, responsible for assuring controls in place, supporting the 1st line with risk assessments, and providing assurances over regulatory submissions to both identify and support in mitigating financial risk exposure. You will be required to work collaboratively with our Assurance department to develop the risk-based annual assurance schedule, identify key controls and ensure the adequacy of frameworks in place.
This role is based in Warwick, with travel to Wokingham when required, and we continue to offer hybrid working from office and home.
Key accountabilities
* Undertaking compliance assurance activities spanning financial ringfencing, Ofgem regulatory reporting pack (RRP) submissions and Ofgem data assurance guidance (DAG) risk assessments.
* Investigating potential areas of non-compliance, tracking, monitoring, and supporting the business to implement risk mitigation measures, as necessary.
* Supporting the compliance incident process for areas of financial risk, ensuring coordination and alignment of subject matter experts and 1st line representatives.
* Supporting business leads with action plan remediation to ensure actions achieve their objectives in a timely manner, escalating high/medium risks to accountable owners where timelines may be compromised.
* Conducting risk-based assurance and consulting services activities over key financial controls to enhance governance, risk and controls management processes and ensure controls are effectively operated whilst identifying opportunities for continuous improvement.
* Training control owners where required to ensure controls are robustly operated.
* Supporting the creation of the financial controls testing plan incorporating testing the design effectiveness and operating effectiveness of controls.
* Working across functional lines (Finance, Procurement, HR, Revenue) to ensure completeness of the control landscape.
* Identifying external and internal assurance, compliance and finance management best practice and setting in place continuous improvement activities to advance maturity.
* Supporting the establishment of robust reporting methodologies and communicating performance results throughout the business.
About you
We’re forging the path, and we know we can’t do it alone. That’s why we need visionary minds like yours to join us on this transformative journey. In this case, we’re looking for someone who:
* Fully Qualified Accountant (ACCA, CIMA or ACA)
* Experience of providing high quality and sound professional assurance management across a large-scale function.
* An understanding of the energy sector and a deep understanding of financial accounting practices – including the structure, regulatory environment and the short and long-term risks and opportunities.
* Detailed knowledge and understanding of Assurance frameworks and related reporting.
* A good understanding of Assurance Frameworks, ensuring coverage of the 1st, 2nd and 3rd Lines of Defence.
* Good interpersonal skills with the ability to communicate, influence and challenge across all disciplines and levels within the organisation, and a proven record of accomplishment in developing effective relationships across the organisation.
About what you'll get
A competitive salary between £50,000 - £54,000pa – dependent on experience and capability.
As well as your base salary, you will receive a bonus based on company performance, 26 days annual leave as standard and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%.
About us
Traditionally, Britain’s energy system has been split into two areas – gas and electricity – but to ensure that Britain’s energy system is secure and affordable there needs to be co-ordination across the whole energy system, with one single entity responsible for translating policy into immediate strategy. National Energy System Operator (NESO) will bring unparalleled change.
Forge a path to a sustainable future for everyone.
Your energy, our future, together.
About the National Energy System Operator (NESO)
In Autumn of 2024, the ESO transitioned to National Energy System Operator, or NESO for short. Previously denoted as the Future System Operator (or FSO), the new National Energy System Operator is the independent body responsible for planning Great Britain’s electricity and gas networks and operating the electricity system.
NESO, including all of its existing roles, are now at the heart of the new National Energy System Operator. As NESO, we will build on our existing roles, capabilities, and ways of working significantly to create an organisation the energy system and its users’ need. Our new capabilities will enable us to look across vectors, including electricity, natural gas and hydrogen, and crucially consider the trade-offs between them.
The organisation is set up as a public corporation with its own Board of independent directors, with complete operational independence from government, the regulator and any and all commercial interest. As was the ESO, NESO will be licenced and regulated by Ofgem through price control agreements and obligated to identify optimal solutions to system operations and planning in the most sustainable, affordable and secure way for all.
The time to deliver is now. As part of our team, you won’t just be touching the lives of almost everyone in Great Britain – you’ll be shaping the way we use and consume energy for generations to come.
More information
This role closes on 22/01/2025 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.
We work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.
We're committed to building a workforce that represents the communities we serve, and a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
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