Full-Time

Inventory Accountant

Confirmed live in the last 24 hours

Octopus Energy

Octopus Energy

1,001-5,000 employees

Provides affordable green energy solutions

Data & Analytics
Energy

Mid

London, UK

Hybrid position based in London.

Category
Cost Accounting
Financial Accounting
Accounting
Required Skills
Inventory Management
Requirements
  • Fully qualified accountant (ACA, ACCA, CIMA, or equivalent).
  • 3-5 years post-qualification experience (PQE) with a focus on cost accounting, inventory management, or similar roles.
  • Strong technical accounting knowledge, particularly in inventory accounting and cost analysis.
  • Experience with ERP/accounting systems and proficient in Excel.
  • Excellent analytical skills with a keen attention to detail.
  • Ability to work independently and manage multiple tasks with tight deadlines.
  • Strong communication and interpersonal skills, with the ability to collaborate effectively across different departments.
  • Previous experience in the energy, manufacturing, or related industry is an advantage but not essential.
Responsibilities
  • Take full ownership of the accounting and financial management of inventory, including warehouse and van stock.
  • Ensure accurate tracking and reporting of inventory balances and movements.
  • Conduct regular inventory reconciliations, identifying discrepancies and ensuring timely resolution.
  • Develop and maintain standard costing models for inventory budgets and forecasting, ensuring accuracy and relevancy to business needs.
  • Monitor and analyse cost variances related to inventory, working closely with operations to improve cost controls and efficiency.
  • Support the monthly financial close process by preparing journal entries and ensuring the integrity of inventory-related financial statements.
  • Provide detailed reporting and analysis on inventory levels, usage, and cost trends to support decision-making by senior management.
  • Implement and maintain internal controls over inventory processes and systems to ensure compliance with company policies and accounting standards.
  • Liaise with warehouse and logistics teams to improve inventory accuracy and optimise stock levels.
  • Partner with auditors for inventory audits and ensure compliance with financial regulations.
  • Drive continuous improvement in inventory accounting processes and systems to enhance accuracy and efficiency.

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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