Full-Time

Management Accountant

Posted on 11/19/2024

Octopus Energy

Octopus Energy

1,001-5,000 employees

Provides affordable green energy solutions

Data & Analytics
Energy

Mid

London, UK

Requires an average of 3 days in the office per week.

Category
Management Accounting
Accounting
Required Skills
Financial analysis
Requirements
  • Qualified accountant (ACA/ACCA).
  • Highly organised, able to plan ahead to deliver accurate information to tight reporting deadlines.
  • Excellent communication skills, with a proven ability to work well with different teams and manage a range of different stakeholders.
  • Self-motivated and aspirational, comfortable working in a fast-paced changing environment.
  • Good technical knowledge of UK GAAP.
  • Able to complete and review consolidations.
  • Experience working with renewable energy investment assets and an understanding of relevant subsidy schemes is preferable.
  • Good understanding of CIR and other basis tax rules would be an advantage.
Responsibilities
  • Review and challenge management accounts provided by external accountants.
  • Report on the financial performance of the operational portfolios at monthly Customer Board meetings.
  • Ensure financial information and commentary is accurately presented in Investor Reports.
  • Prepare distribution forecasts and manage all distribution payments up to the fund.
  • Address finance-related queries on portfolios, taking ownership of requests and issues, and providing appropriate solutions in a timely manner.
  • Work closely with OEGEN commercial asset managers to prepare budgets and monitor all costs against these budgets.
  • Assist the fund management team in quarterly valuations.
  • Project manage audits and review of statutory financial statements and corporation tax returns; liaising with external auditors as required.
  • Manage payment approvals as appropriate.
  • Ensure a robust control environment is present throughout the portfolio.
  • Generate ad hoc reports and analysis as required.
  • Build and maintain good working relationships with internal and external stakeholders.
  • Identify system improvements and drive change across the team, working closely with external accountants to improve current processes across the portfolio.

Octopus Energy provides affordable green energy solutions to households and businesses across multiple countries, including the UK, US, Japan, Germany, New Zealand, and Australia. The company focuses on the renewable energy market and utilizes technology and data to enhance its services. Its main product offerings include direct energy sales to consumers and the licensing of its proprietary Kraken technology platform to other energy providers. This platform helps streamline energy management and improve customer experience. Unlike many competitors, Octopus Energy emphasizes sustainability and offers additional services such as electric vehicle solutions. The company's goal is to make green energy accessible and affordable while promoting the use of renewable resources.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$2.5B

Headquarters

London, United Kingdom

Founded

2016

Growth & Insights
Headcount

6 month growth

17%

1 year growth

-3%

2 year growth

42%
Simplify Jobs

Simplify's Take

What believers are saying

  • Octopus Energy's rapid growth and valuation increase to $9 billion reflect strong investor confidence and market leadership.
  • The company's initiatives in green technology and renewable energy investments offer employees the chance to work on cutting-edge, impactful projects.
  • Partnerships with global entities like Energisa and Tech Nation provide opportunities for international collaboration and knowledge exchange.

What critics are saying

  • The energy sector's volatility, as seen with the Bulb Energy acquisition, could pose financial risks despite current successes.
  • Rapid expansion and numerous partnerships may strain resources and operational capacity, potentially impacting service quality.

What makes Octopus Energy unique

  • Octopus Energy leverages its proprietary Kraken technology platform to optimize energy usage and integrate renewable assets, setting it apart from traditional energy providers.
  • The company's focus on innovative green solutions, such as the 'Zero Bills' homes and electric aircraft charging, demonstrates a commitment to sustainability that few competitors match.
  • Strategic partnerships and acquisitions, like the takeover of Bulb Energy and collaboration with Energisa, expand Octopus Energy's global footprint and influence.

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