Finance Operations Assistant

Elexon Ltd; London; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

Elexon Ltd is seeking a Finance Operations Assistant to join their Finance team in London. This role involves managing operational finance processes, including purchase and sales ledgers, cash management, and reconciliations. The ideal candidate will have experience in accounting and a keen attention to detail, with opportunities for hybrid working and excellent benefits.

Benefits

25 days annual holiday + Bank Holidays

Discretionary annual incentive scheme

Life assurance

Pension

Private medical (Bupa)

Subsidised gym membership

Cycle to Work Scheme

Buying & selling holiday scheme

CSR days

Season ticket loan

Qualifications

• Experience in a transactional accounting role.
• Ability to work to tight deadlines.
• Proficient in the use of finance systems.

Responsibilities

• Contribute to the effective operation of purchase and sales ledger functions.
• Perform Accounts Reconciliations.
• Manage timely collection of debts and default processes.

Skills

Attention to detail

Communication skills

Team player

Proficient in MS Office

Understanding of accounting systems

Job description

Join Elexon as a Finance Operations Assistant. This opportunity is ideal for a candidate with previous experience an accounting transactional role. Hybrid working and excellent benefits available.

We have an exciting opportunity for a Finance Operations Assistant(Grade 8) to join the Finance teamon a permanent basis.

Team Overview:

The Elexon finance team reside within the Finance & Commercial department which provides professional support services to Elexon including Internal Audit, Supply Chain Management and Finance. Overall, the Finance & Commercial department ensure Elexon drives cost efficiencies and that the company conducts its operations in a secure and controlled manner.

The finance team is responsible for both financial accounting and management reporting for Elexon. Financial accounting includes cash management for its operations as well as the production of statutory accounts for Elexon Group and its subsidiaries. The management reporting function includes timely coordination of the company’s annual budget and 3 year business plan, monthly cost reporting and financial analyses.

Job Purpose:

Reporting to the Finance Manager, you will work in the Operations team performing all operational finance processes including purchase ledger, sales ledger, general ledger, cash management, VAT and balance sheet reconciliations across Elexon Ltd and its subsidiaries. You will be part of a team responsible for all schemes administrated by Elexon Ltd.

You will use your skills and expertise to deliver effective operational performance and excellent customer service.

Key Responsibilities:

• Contribute to the effective operation of purchase and sales ledger functions
• Data collection for set up of participants to new schemes administrated by Elexon (customers and suppliers) in the finance system
• Assist with the monthly sales invoicing to industry and Section D related queries and processes
• Perform Accounts Reconciliations
• Manage monthly invoicing and respond to related queries
• Manage timely collection of debts and default processes
• Administrator of multiple Bank Accounts including bank reconciliations
• Report timely monthly expenditure and forecast reports
• Assist with the production of statutory VAT returns and national statistics returns
• Maintaining finance systems as and when required within the reporting function
• Contribute to the provision of financial information in relation to the year-end audit
• Develop, maintain and update Local Working Instructions (LWIs)

Capabilities and competencies:
Critical:

• A keen eye for attention to detail
• Experience in a transactional accounting role, with a good understanding of key tasks or systems.
• Ability to work to tight deadline
• Proficient in the use of MS Office (Specifically Excel & Word)
• Proficient in the use of finance systems
• Timely delivery of tasks in accordance with the Balancing and Settlement Code
• Minimise late payments and defaults
• Turnaround purchase orders and invoices, ensuring settlement according to terms and conditions
• Either have or be enthusiastic to acquire a good understanding of the GB electricity market trading arrangements
• Past experience in accounts payable, account receivable, treasury and reconciliations
• Excellent communication skills to be able to positively influence stakeholders within the business
• Be a strong team player with a positive outlook and prepared to learn and develop your skills set

Elexon career path/ Potential next role(s):

• Finance Operations Analyst
• 25 days annual holiday + Bank Holidays
• Discretionary annual incentive scheme
• Life assurance
• Pension
• Private medical (Bupa)

At Elexon, our employee wellbeing is particularly important to us, which is why we are proud to provide:

• Hybrid working – 2 days per week at our London office
• Employee Assistance Programme
• Eye care voucher scheme
• Subsidised gym membership
• Cycle to Work Scheme
• Buying & selling holiday scheme
• CSR days
• Season ticket loan

We believe a diverse and inclusive culture allows innovation and creativity to flourish. We are committed to continuously improving our culture for our colleagues and stakeholders. Through our hugely successful Diversity Forum, MHFA network and regular programme of activities and events, we celebrate difference and recognise the value of employee wellbeing, which is a consistent outcome from annual employee surveys that we conduct. Likewise, as a community, we like to support each other, and all agree Elexon is a great place to work with a great workspace too!

At Elexon, we want to:

• Provide true equality of opportunity
• Attract and retain diverse talent
• Listen to all voices
• Be representative of the communities we work in
• Be a roles model for Diversity and Inclusion in the industry

Elexon together, embracing differences, listening to all voices