Planning and Margins Accountant
Location: Scotland, United Kingdom
Planning and Margins Accountant
Job DescriptionJOB TITLE: Planning and Margins Accountant
LOCATION: Glasgow City Centre
SALARY/RATE AND BENEFITS: £37,120 - £46,400
YOU MUST HAVE THE FOLLOWING:Qualified accountant with post-qualifying experience
IDEALLY YOU ALSO HAVE:Confidence, ability and presence to constructively challenge at all levels
COMPANY INFORMATION: Scottish Power UK PLC
Since 1978, Rullion has been securing exceptional candidates for a range of clients; from large well-known brands, to SMEs and start ups. As a family-owned business, Rullion's approach is credible and honest, focused on building long-lasting relationships with both clients and candidates.
Rullion is a forward-thinking recruitment company that specialises in providing a wide range of talent consultancy services to a diverse client base; from small start-ups to large household names.
ScottishPower is part of the Iberdrola Group, one of the world's largest integrated utility companies and a world leader in wind energy. ScottishPower is the first integrated energy company in the UK to generate 100% green electricity. Our focus is on wind energy, smart grids and driving the change to a cleaner, electric future and we're investing over £4m every working day to make this happen. We're committed to speeding up the transition to cleaner electric transport, improving air quality and over time, driving down bills. At ScottishPower, we know people are central to building a better future, quicker and we are seeking new talent to join our team.
Energy Wholesale Control forms part of our Corporate functions that is responsible for providing support services for all other ScottishPower businesses. We know people are central to building a better future, quicker and we are seeking new talent to join our team.
Working as part of the Energy Wholesale Control Function this role sits within Energy Margins as part of the Wholesale Margins team and is key in developing and building a close, strong and productive working relationship with Global Energy Management, Retail and the wider Control teams across Scottish Power and globally. The team will ensure the provision of accurate, timely and robust analysis of the Wholesale segment providing information to enable the Wholesale Margins, Planning and Investment Manager to make appropriate operational, commercial and strategic decisions.
The Energy Wholesale Margins Control team is experiencing a continuing period of significant change; working as part of the Energy Wholesale Control Function this role sits within Energy Margins as part of the Wholesale Margins team and is key in developing and building a close, strong and productive working relationship with Global Energy Management, Retail and the wider Control teams across Scottish Power and globally. The team will ensure the provision of accurate, timely and robust analysis of the Wholesale segment providing information to enable the Wholesale Margins, Planning and Investment Manager to make appropriate operational, commercial and strategic decisions.
On top of existing deliverables including month end/year end Actuals and Reporting and maintaining the key IMAS system, the team has taken on additional processes in 2019, including EW investment appraisal and contract reviews, EW Business Plan and additional monthly energy cost analysis for the Liberalised KPI.
With the number of current staff in the team, it would not be possible for them to absorb all of these tasks, many of which are business critical, without there being a significant risk of failure to deliver.
An excellent opportunity has arisen for an experienced qualified accountant. In an ever changing environment you will have the ability to demonstrate your delivery focus with the provision of accurate, timely and robust financial reporting and results for the Wholesale segment of the Liberalised Business.
This is a critical role within an area of considerable complexity which will require you to have a high level of commercial awareness to understand and interpret data to deliver pre-emptive, high quality analysis explaining the key performance drivers and giving reasons for fluctuations in performance.
Furthermore as a Margins Accountant you will have the capability to prioritise workloads and deliver accurately to interpret all mandatory regulatory/accounting requirements (from UK and Europe, OFGEM/CMA) that apply to Wholesale margins, in order to develop and implement procedures, reporting and compliance in accordance with those regulations. Whilst you ensure that the ledger (for Reported and Actuals) is updated correctly/accurately and ensuring the appropriate level of monitoring/analysis and maintenance of the control environment.
Production and analysis of the margin components of the statutory accounts process for all relevant SAP Companies, ensuring that published results are accurate and fully understood, and highlighting any areas for improvement
Provision of accurate, timely and robust information on Wholesale margins on a fully integrated International Accounting Standards (IAS) basis to meet specified deadlines
Prepare analysis and supporting documentation for External Audit in line with the Client Assistance Schedule such that Management Letter points and financial adjustments are minimised.
Ensure that the structure of the Integrated Margins Accounting System (IMAS) and general ledger (SAP) are reviewed and maintained to reflect any potential changes in reporting, new products/commodities and any other requirements.
Assessment of new activities and products which could impact Wholesale margins, and ensure that adequate controls, and finance procedures and processes are in place
Develop relationships with key staff across the wider Control team and the operational and commercial area within GEM
Review and challenge all EW investment proposals and contracts.
Prepare key inputs for the EW Business Plan and Impairment Review processes.
Develop, maintain and constantly update internal control procedures for all activities within the Wholesale margin area.
Ensure IT environment continues to meet financial and regulatory requirements in the most efficient fashion
Skills & Requirements
Pro-active person who anticipates issues and problems and puts in place effective strategies to manage these.
Excellent oral and written communication and in particular the ability to communicate financial concepts/issues to non-finance managers
Computer literacy, including spreadsheet skills and ledger posting
Delivery focus and high level of resilience to deal with the changing demands and time-pressures of the role
Ability to work as part of a team to ensure that the Control function is fully integrated
Ability to prioritise work and deliver accurately under acute time pressures for both themselves and their team
Self-starter, ability to identify and execute process improvement opportunities
Qualified accountant with post-qualifying experience
High level of commercial awareness with a good understanding of SPW markets and relationships across the SPW group
Confidence, ability and presence to constructively challenge at all levels
Sound judgement and professional decision-making ability
We celebrate and support diversity and are committed to ensuring equal opportunities for both employees and applicants.