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- Tasks: Lead a team in financial forecasting and revenue analysis for electricity distribution.
- Company: Join UK Power Networks, a leader in energy management and distribution.
- Benefits: Enjoy 25 days annual leave, remote work options, and a bonus of 10%.
- Why this job: Make an impact in the energy sector while developing your leadership skills.
- Qualifications: Degree in a numerate discipline and a professional accountancy qualification required.
- Other info: Flexible working after probation and a commitment to equal employment opportunities.
The predicted salary is between 48000 - 72000 £ per year.
81083 – Income Accounting Manager
This Income Accounting Manager will report to the Head of Income Management and will work within Income Management, Finance directorate based in our Crawley office. You will be a permanent employee.
You will attract a great compensation package depending on your experience and a bonus of 10%. This role can also offer blended working after probationary period (6 months) – 3 days in the office and 2 remote.
Close Date: 04/07/2025 .
We Also Provide The Following Additional Benefits
- 25 Days Annual Leave plus bank holidays.
- Reservist Leave – Additional 18 days full pay and 22 unpaid
- Personal Pension Plan – Personal contribution rates of 4% or 5% (UK Power Networks will make a corresponding contribution of 8% or 10%)
- Tenancy Loan Deposit Scheme, Season Ticket Loan
- Tax efficient benefits: Cycle to Work, Home & Tech, and Green Car Leasing Schemes
- Occupational Health support
- Switched On – scheme providing discount on hundreds of retailers\’ products
- Discounted gym membership
- Employee Assistance Programme
Job Purpose
You will lead an accounting team, undertaking detailed financial and commercial forecasting and analysis of revenues. Communication and liaison with wider finance team and regulatory planning teams on all aspects of revenue forecasting and reporting.
Dimensions
Lead and direct the team responsible for regulatory reporting, forecasting, accounting for and analysing regulated distribution system usage revenue in excess of £1,500m and £90m of National Grid costs.
Presently, you will lead an investigative and cost-recovery function to investigate and ensure that safe electricity supply arrangements are established where unmetered electricity extraction has been identified and recover historic loss of electricity revenue. This portfolio of work can be up to 1,000+ Theft in Conveyance concurrent cases with revenue recovery of over £1m.
Staff – 7-10 FTE
Principal Accountabilities
- Lead company analysis on regulated revenue forecasting and business planning
- Provide analysis into regulatory changes relating to DUoS revenues
- Develop modelling to evaluate the impact of industry changes on regulatory income
- Evaluate variances to budgets and forecasts, highlighting and reporting anomalies and trends
- Prepare accurate Allowed Revenue and volume driver forecasts as part of the annual tariff-setting process, introducing modelling improvements to ensure external trends drive greater forecasting accuracy
- Calculation of monthly revenue and networks usage to provide robust, timely and concise management accounting reports
- Manage the preparation of monthly intercompany reconciliations and the reconciliation of balance sheet accounts (accrued income, unallocated cash and provisions)
- Prepare financial and regulatory information for internal and external audit purposes and lead auditor engagement in matters concerning regulated revenue
- Accounting, forecasting and reporting on National Grid Exit charge costs
- Manage the contractual relationship, purchase orders and cost reconciliations with NESO and National Grid for chargeable works associated with modification of interface points
- Oversee the preparation and posting of journals to SAP and reconciliation of reporting models to SAP
- Provide commercial and analytical insight and support to Financial Control and Regulatory Finance teams
- Lead the team in ensuring completion of regulatory submissions relating to DUoS revenue and electricity usage are accurate and on time
- Lead the Theft-in-Conveyance team to deliver and maintain compliance with our legal and regulatory obligations
- Where theft-in-conveyance cases arise, ensure network assets and supply arrangements are in a safe condition and maximise revenue recovery
Qualifications
This is an important role within UK Power Networks with exposure to senior managers concerned with business planning. As well as the primary accountancy functions, you will develop models to understand and interpret complex systems and can provide and present concise arguments summarising revenue and electricity usage forecasts.
The Following Are Important For This Role
- Educated to degree level (or similar) in a numerate discipline and qualified in a recognised professional accountancy qualification (CIMA, ACA, or ACCA) with 10 years post qualification experience
- An understanding of and some experience in either the utilities finance or income management fields
- Experience leading a team, developing and engaging team members to fulfil their potential
- Collaborate with senior partners in written and oral form and to apply commercial knowledge to an evolving world
- Numerate with IT skills, including SAP (or similar) and MS Office; experience of SAP Business Objects or similar
- Structured, organised, process-driven
- Engage through all mediums to develop good working internal and external relationships at all levels
Nature and Scope
- Lead a team to deliver revenue forecasting and reporting function, electricity transmission system contractual management and theft-in-conveyance workstream
- Engagement with all partners at all levels of seniority as an authority on regulated revenue
- Develop insight for financial control and strategic planning functions to ensure consistency of regulated revenue information across the business
- Ensure compliance with all regulatory, legal and internal policy relating to regulated revenue collection and reporting
- Manage the contractual relationship with National Grid and NESO for instances of use of transmission charging and transmission system variation contracts
- Manage Theft-in-Conveyance team delivering normalised, safe network supply arrangements, recovering lost revenue from historic, unmetered electricity extraction
- As part of a management team, support wider department initiatives on health & safety, compliance, engagement, personnel and performance
Health & Safety Responsibilities
Managers and supervisors carry both legal and company responsibilities for ensuring the health and safety of their employees, those under their control and those who might be affected by the work undertaken, i.e. public, visitors and employees of other organisations. This includes briefing individuals working for them and ensuring there is the necessary understanding, competence and application of requirements to work safely and without harming the environment.
Employees will ensure they understand the health and safety risks involved in their work activities and their responsibility to apply the controls needed to manage those risks to acceptable levels. Similarly where work activities can have an adverse impact upon the environment, and where there are legal requirements, employees will understand those impacts and the controls they must ensure are applied.
If in doubt ask!
We are committed to equal employment opportunity regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.
If you have any queries in connection to this vacancy or your application, please contact us at quoting the vacancy reference number and a member of the team will get in touch with you as soon as possible. #J-18808-Ljbffr
Income Accounting Manager employer: Alternative Networks (now part of Daisy Group)
Contact Detail:
Alternative Networks (now part of Daisy Group) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Income Accounting Manager
✨Tip Number 1
Familiarise yourself with the regulatory environment surrounding income management in the utilities sector. Understanding the nuances of DUoS revenues and the impact of regulatory changes will give you an edge during interviews.
✨Tip Number 2
Highlight your leadership experience when networking or during interviews. Be prepared to discuss specific examples of how you've developed and engaged team members, as this role requires strong team management skills.
✨Tip Number 3
Brush up on your SAP skills, as familiarity with this software is crucial for the role. If you have experience with similar systems, be ready to explain how that knowledge can transfer to SAP.
✨Tip Number 4
Prepare to discuss your analytical skills and how you've used them to drive business decisions in previous roles. Being able to present concise arguments based on financial data will be key in this position.
We think you need these skills to ace Income Accounting Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in income management and accounting. Focus on your qualifications, especially if you have a CIMA, ACA, or ACCA certification, and include any leadership roles you've held.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Income Accounting Manager position specifically. Mention your understanding of regulatory reporting and your experience with financial forecasting to demonstrate your fit for the role.
Highlight Team Leadership Experience: Since this role involves leading a team, emphasise your experience in managing and developing team members. Provide examples of how you've successfully engaged and motivated your team in previous roles.
Showcase Analytical Skills: Given the analytical nature of the role, include specific examples of how you've used data analysis to drive decision-making in past positions. Mention any tools or software you are proficient in, such as SAP or MS Office.
How to prepare for a job interview at Alternative Networks (now part of Daisy Group)
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the responsibilities and expectations of the Income Accounting Manager position. Familiarise yourself with key terms like DUoS revenues, regulatory reporting, and revenue forecasting to demonstrate your knowledge during the discussion.
✨Prepare for Technical Questions
Given the technical nature of this role, be ready to answer questions related to financial modelling, accounting principles, and regulatory compliance. Brush up on your knowledge of SAP and other relevant software, as well as any recent changes in the utilities finance sector.
✨Showcase Leadership Experience
As this role involves leading a team, be prepared to discuss your leadership style and experiences. Share specific examples of how you've developed and engaged team members in the past, and how you plan to foster a collaborative environment in this new role.
✨Demonstrate Communication Skills
Effective communication is crucial for this position. Be ready to provide examples of how you've successfully collaborated with senior partners and presented complex information clearly. Practice articulating your thoughts concisely to ensure you can convey your ideas effectively during the interview.
