Senior Management Accountant

RES; Kings Langley; On-site; GBP 45,000 - 65,000; Full time

Job summary

RES is seeking a Management Accountant to own day-to-day financial management of a portfolio of renewable energy entities in the Northern Europe Asset Management Finance team. The role covers operating assets and holding companies with end-to-end accounting responsibility.

Accountability includes monthly management accounts, cash flow forecasting, budgeting, VAT returns and statutory accounts under IFRS, FRS 101 and FRS 102.

Qualifications

• Experience of monthly, quarterly and annual management accounting routines.
• Experience in communicating with non-financial internal stakeholders.
• Statutory financial statements under IFRS/FRS UK GAAP.
• Experience with ERP systems and system improvements.

Responsibilities

• Prepare monthly management accounts with journals and variances.
• Manage cash flow forecasting and distribution calculations.
• Assist in annual budgets and quarterly forecasts.
• Oversee VAT returns and statutory accounts under IFRS/FRS102 UK GAAP.
• Support onboarding of new projects into the asset management portfolio.

Skills

IFRS/UK GAAP

Excel skills

Financial reporting

ERP systems

Education

ACA/ACCA/CIMA

Tools

IFS ERP

Job description

Description

Do you want to work to make Power for Good?

Do you want to work to make Power for Good?

We're the world's largest independent renewable energy company, guided by a simple yet powerful vision to create a future where everyone has access to affordable, zero carbon energy.

We know that achieving our ambitions would be impossible without our people. Because we're tackling some of the world's toughest problems, we need the very best people to help us. They're our most important asset so that's why we continually invest in them.

RES is a family with a diverse workforce, and we are dedicated to the personal andprofessional growth of our people, no matter what stage of their careers they're at. We can promise you rewarding work which makes a real impact, the chance to learn from inspiring colleagues from across a growing, global network and opportunities to grow personally and professionally.

Our competitive package offers a wide range of benefits and rewards.

The position

The Management Accountant position is responsible for the day-to-day financial management of an assigned portfolio of renewable energy legal entities, including operating assets and holding companies, within the Northern Europe Asset Management Finance team. The role carries full end-to-end accountability for monthly management accounts, cash flow forecasting, budgeting, VAT returns and statutory accounts under IFRS, FRS 101 and FRS 102.

Client service is a core requirement. The individual will act as an outsourced finance business partner, building strong relationships with asset managers, auditors, lenders and clients, and providing cover for fellow Management Accountants during absences, peak periods and special projects.

Organisational Context

The Asset Management department looks after wind farms, solar and storage plants in Northern Europe on behalf of the clients. The services include technical, financial, and commercial asset management. Within this department, the FAM Northern Europe team acts as an outsourced finance business partner, delivering financial support services under Management Service Agreements (MSAs) to clients owning renewable energy assets across onshore wind, solar, storage and hydro. The department currently manages over 200 legal entities across 17 clients and three regions (UK & Ireland, Nordics and Germany).

The team's scope includes:

• Management accounts: monthly reporting with comparison and variance analysis to budget
• Cash flow forecasting and distribution calculations
• Annual budgets and quarterly forecasts
• Bank loan compliance
• Statutory accounts and audit management under IFRS, FRS 101 and FRS 102
• VAT returns and tax return oversight
• Month end, quarter end and year end processing to agreed deadlines
• Company Secretarial matters
• Any other FAM obligations under the AMA

Key Accountabilities include but not limited to:

• Preparation of monthly management accounts including all journal postings;
• Preparation, management and delivery of cash flow forecasts by liaising with internal asset managers, Finance Client Leads and clients;
• Debtor / creditor management for entities;
• Preparation of periodic financial reporting and variance to budget analysis for internal and external clients on a timely and accurate basis;
• Preparation and submission of periodic VAT returns for entities;
• Assist in the preparation of annual budgets and quarterly forecasts;
• Assist in preparation of statutory accounts and annual audit for SPV companies in IFRS, FRS 102 or UK GAAP, including consolidated sets of accounts;
• Assist with on boarding of new projects into the asset management portfolio;
• Supporting continuous improvements to accounting and reporting processes together with the wider Finance and ERP Development teams;
• Supporting regular queries from the operational business;
• Executing additional tasks to meet changing business needs and departmental objectives;
• Business Partnering with respective asset managers for internal reporting and providing information requested in a timely manner;
• Present financial performance in quarterly Board meetings to the client.
• Liaise with AP/ AR/ Co Sec/ Stats and Tax sub teams on various matters across the portfolio.
• Approve payments in the banking system.
• Be a key point of finance contact (as and when needed) of the external clients and deliver quality service, working alongside other management accountants and assisting the finance leads to maintain a strong relationship on a day to day basis (longer term, when given a portfolio).

Knowledge & Skills

• Strong accounting knowledge;
• IFRS, FRS 102, FRS 101 and UK GAAP;
• Understanding of both management and statutory accounting. Proficient in IFS or equivalent ERP system with exposure to contributing to system improvements.
• Proficient in IFS or equivalent ERP system with exposure to contributing to system improvements.
• Strong Microsoft Excel and accountancy systems skills;
• Excellent technical accounting skills;
• Attention to detail;
• Adaptability to frequent change, given the project nature of this role
• Quick learner – grasp the needs of department very quickly with minim supervision
• Proactive, ‘can do’ attitude, with a focus on continuous improvement of reporting and analysis;
• Good communication skills and the confidence and credibility to communicate to external parties;
• A team player but with the discipline to work autonomously;
• Ability to prioritise and manage multiple tasks and deadlines;
• Good problem solving skills;
• Ability to articulate financial information to non-finance specialists.

Experience & Qualifications

• Experience of monthly, quarterly and annual management accounting routines within industry;
• Sound experience of using an ERP system (use of Agresso/Business World a distinct advantage but not essential);
• Experience in communicating with non-financial internal stake holders;
• Preparation of statutory financial statements under IFRS, FRS 101 and FRS102.
• Experience of working with complex templates / spreadsheets
• Qualified / Part-Qualified accountant (ACA/ACCA/CIMA)

At RES, we celebrate differences as we know it makes our company a great place to work. Encouraging applicants with different backgrounds, ideas and points of view, we create teams who work together to solve complex problems and design practical solutions for our clients. Our multiple perspectives come from many sources including the diverse ethnicity, culture, gender, nationality, age, sex, sexual orientation, gender identity and expression, disability, marital status, parental status, education, social background and life experience of our people.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.