octoenergy - Octopus Energy Group - Commercial Accountant (Supply Chain)
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Requirements
• Professional Qualification: Must be a fully or recently qualified accountant (ICAS, ICAEW/ACA, CIMA, ACCA, or a highly regarded foreign equivalent recognized in the UK). • Experience: 2–3+ years of relevant experience in a similar cost accounting role, commercial finance with inventory/cost of sales experience, or similar analytical/accounting role. • Industry Knowledge: Strong proven experience in a business with physical inventory (e.g., retail, manufacturing, or services with hardware installation). • Communication & Track Record: Proven ability to effectively, confidently, and commercially communicate and present financial data to stakeholders across both finance and operational teams. • Mindset: Highly proactive, self-motivated, and capable of working autonomously with a rigorous level of attention to detail and accuracy.
Responsibilities
• Drive Month-End Operations: Prepare the monthly divisional and consolidated management accounts for Supply Chain, including assisting in the calculation and review of the monthly Cost of Sales, ensuring accurate cost allocations for installed items. • Manage Inventory Lifecycle: Manage inventory-related transactions (including purchases, allocations, returns, and write-offs), ensuring they are accurately reflected in the general ledger. • Variance & Valuation Deep Dives: Oversee the day-to-day reconciliation of stock counts against inventory records, taking the lead on investigating, explaining, and resolving any quantity and value variances. You will also support the team in periodic reviews of inventory valuation, including obsolescence and net realisable value assessments. • Commercial Business Partnering Experience: Gain valuable cross-functional experience as you liaise with operational and finance stakeholders to review financial results, delivering clear variance reporting, comprehensive documentation, and corrective journal entries where necessary. • Future-Focused Analytics: Look ahead by assisting with the monthly re-forecasting narrative and the annual budgeting process, while also building robust KPI tracking models. • Process Evolution & Problem Solving: Assist with the review of existing finance processes to design and implement continuous improvements that strengthen financial control. We want your fresh ideas to help us build better ways of working! • Financial Control & Audit Leadership: Perform monthly balance sheet reconciliations to ensure the absolute integrity of the general ledger and financial records. You will lead the preparation of complex year-end reconciliations and audit requests, acting as a primary point of contact for inventory/cost of sales and other supply chain queries throughout all audits.
Benefits
• 🎉 Octopus Energy Group is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We were recently named the UK's top company to work for, and we ranked in the top ten in the Sunday Times Best Places to Work 2024. Our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We’ve also been placed in the top 10 companies for senior leadership • 🎁 Visit our UK perks hub - Octopus Employee Benefits • If this sounds like you then we'd love to hear from you. 🚀 • P.S. Our process usually takes up to 4 weeks, but we’ll always do our best to flex around what works for you. Along the way, you’ll chat with our recruitment team and your Recruiter will help you throughout different stages. Got any burning questions before then? Drop us a message at [email protected] and we’d love to help! • Are you ready for a career with us? We want to ensure you have all the tools and environment you need to unleash your potential. Need any specific accommodations? Whether you require specific accommodations or have a unique preference, let us know, and we'll do what we can to customise your interview process for comfort and maximum magic!
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