About the role
National Energy System Operator (NESO) recognises the potential of bright and talented individuals, and we encourage you to join us as Great Britain’s energy system undergoes an ambitious, exciting, and vital transformation. Together with industry, we are creating a cleaner, more sustainable energy future.
Reporting to the Director, the Financial Controls Manager plays an important role in the design and implementation of an effective control’s framework for the National 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 Manager, 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 closely and collaboratively with our Assurance department to develop the risk-based annual assurance schedule, identify key controls and ensure the adequacy of frameworks in place.
The role will involve working closely with members across our business to aid with risk assessments, assess the effectiveness and efficiency of financial control management and regulatory reporting. As needed, your duties may occasionally include operational assessments and compliance assurance activities.
This role is based in Warwick, with travel to Wokingham and other NESO sites when required, and we continue to offer hybrid working from office and home.
Key accountabilities
* Setting the foundation of the NESO financial controls team, working with external audit/Audit committee to agree materiality thresholds and align on the suite of documentation.
* 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.
* Managing 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 ensuring controls are effectively operated whilst identifying opportunities for continuous improvement.
* Creating the financial controls testing plan, incorporating testing the effectiveness of controls and the operation of the controls.
* Working across functional lines (finance, procurement, people, revenue) to ensure completeness of the financial control landscape.
* Identifying external and internal assurance, compliance and finance management best practice, and setting in place continuous improvement activities to advance maturity.
* Managing, coaching, and mentoring colleagues within the team.
* Establishing robust reporting methodologies and communicating performance results throughout the business.
* Developing and maintaining internal reporting for executive leadership, Audit & Risk Committee and Board reporting requirements.
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 has/is:
* Fully Qualified Accountant (ACCA, CIMA or ACA).
* Demonstrable 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.
* Expert knowledge of assurance frameworks, ensuring coverage of the 1st, 2nd and 3rd Lines of defence.
* Solid 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 £64,000 - £74,000pa – dependent on experience and capability.
As well as your base salary, you will receive a bonus of up to 15% of your salary for stretch performance, 28 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%.
You will also have access to a comprehensive benefits package tailored to support your well-being and professional success. From a competitive salary to flexible work arrangements, we promote your work-life balance. Enjoy fit for purpose wellbeing and lifestyle offerings, ongoing skill development aligned to our Purpose and Values, and be part of a supportive community that values your individuality and where you can belong.
About us
The creation of National Energy System Operator (NESO) is driven by an urgent need to unify and optimise our approach to energy. A more integrated and coordinated strategy is needed to meet the unprecedented challenges of climate change, ensuring secure energy supply, and keeping costs manageable for consumers.
Join us and empower your potential, energise our team, and be part of something bigger.
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. The 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 15/11/2024 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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