Head of Commercial Finance

Working arrangements 

Please note this role does offer hybrid working, our model sets out a minimum 60% onsite / 40% home working split.

Overview

This is an opportunity for a commercially minded individual who wants to work in a fast pace commercially growing organisation at the forefront of two enabling technologies, HTS and Fusion. Reporting to the CFO, a member of the finance leadership team managing a team of finance managers and contributing to the overall management of the finance function.

This role is responsible for driving financial strategies, supporting commercial initiatives and collaborating with executive teams to enhance the company’s financial performance. This role is pivotal in driving the company’s continuous growth strategy and requires a dynamic, financially minded individual capable of leading a team and influencing key business decisions. The Head of Commercial Finance will play a critical role in shaping the financial direction of the organisation and its long-term success.

Strategic Financial Leadership

• Collaborate with the CFO and leadership team to develop and execute the company’s financial strategy, ensuring alignment with overall business goals.
• Partner with divisional/functional leadership teams to promote cross-departmental collaboration to support commercial initiatives and pricing strategies.
• Lead financial analysis for commercial negotiations and customer contracts.
• Work with the FC to ensure the finance function is collaborative and supportive in delivery of all functional responsibilities.

Budgeting and Forecasting

• Drive the annual budgeting and forecasting process, providing guidance on financial targets and KPIs to measure success.

Financial Analysis

• Analyse financial performance, variances and trends to provide insights the support decision making processes.
• Prepare and present financial reports and performance summaries to senior management and stakeholders

Investment & Evaluation

• Develop financial models and scenarios to aid strategic decision-making and assess the financial implications of various business strategies.
• Investigate and evaluate potential inorganic and organic growth opportunities from a financial perspective.
• Support CFO with M&A activities.
• Managing the production of the investment model, creating and management of VDR and engagement with investors.

Experience Required

• Collaborative team leader and qualified accountant with the ability to form effective relationships and influence change.
• Management of your own work and deliverables and those of your team and flexibility to meet the demands of a busy department and company.
• Credible business partnering experience with the ability to innovate and drive changes within the team.
• Ability to communicate confidently and present to individuals and groups at all levels.
• Professional self-starter who is dependable, competent and diplomatic with strong negotiation skills.
• Analytical skills and experience to foresee issues and implications and identify solutions and opportunities for improvement.
• Experience of building complex financial models and management of investment rounds.
• Technical knowledge of relevant Financial Standards and management reporting.

• Salary dependent on skills and experience and will be discussed from the outset
• 25 days holiday plus bank holidays
• Discretionary 3-day festive break depending on business needs
• Eligible for discretionary performance related bonus
• Share options scheme
• Pension scheme
• Financial benefits – including; group life insurance, critical illness, health cash plan and discount scheme 
• Innovation and Merit bonuses
• Investment in training and development to support career progression
• Opportunity to work on and contribute to world class innovation

Company background

What if there was a limitless, safe, clean, low-cost energy source, providing much needed global energy security?  What if that energy source could also help address climate change?  The answer is fusion energy – the power of the stars. Tokamak Energy is a leading global commercial fusion energy company based near Oxford with have an unrivalled track record designing and operating spherical tokamaks; the optimal route to commercial fusion.

In addition to fusion, Tokamak Energy is recognised as a world leader in transformative High Temperature Superconducting (HTS) magnet technology. Our dedicated HTS magnet team, in collaboration with key manufacturing partners, is focussed on enabling new levels of performance and becoming the leading supplier of HTS magnets to multiple markets, including renewable energy, medicine, science and propulsion in water, land, air and space. 

The company, founded in 2009 as a spin-off from UK Atomic Energy Authority, currently employs a growing team of over 260 people with experts from the UK and around the world.  It combines world leading scientific, engineering, industrial and commercial capabilities.  The company has more than 75 families of patent applications and has raised $335 million, comprising $275m from private investors and $60m from the UK and U.S. governments.  Our U.S. subsidiary, Tokamak Energy Inc, was established in 2019.

Come and be a part of a dynamic and innovative team striving to provide a solution to one of humanity’s greatest challenges: clean and sustainable fusion energy for all.

Important information for candidates

Pre-employment screening

Please note that the appointment of the successful candidate will be subject to standard pre-employment screening, as applicable to the post. This will include right-to-work, proof of identity and references.

Data privacy

Please note that any personal data submitted to Tokamak Energy as part of the job application process will be processed in accordance with the GDPR and related UK data protection legislation, for more information regarding GDPR please see:  https://www.gov.uk/government/publications/guide-to-the-general-data-protection-regulation

Equality of opportunity

Entry into employment with the Tokamak Energy and progression within employment will be determined only by personal merit and the application of criteria which are related to the duties of each post and the relevant salary structure. In all cases, ability to perform the job will be the primary consideration. No applicant or member of staff shall be discriminated against because of age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex, or sexual orientation.

We’re committed to building an inclusive and accessible recruitment experience.

If you have a disability or require any reasonable adjustments to support you through the application or interview process, please let us know. We’re happy to make the necessary arrangements to ensure you can perform at your best.