At a Glance
- Tasks: Join our finance team to manage daily transactions and prepare financial reports.
- Company: Octopus Energy, a top-rated company known for its unique culture and innovation.
- Benefits: Flexible salary discussions, great perks, and a supportive work environment.
- Other info: Enjoy a dynamic workplace with opportunities for growth and learning.
- Why this job: Make a real impact in a fast-paced finance role while developing your skills.
- Qualifications: Degree in Accounting or Finance, with 1-2 years of relevant experience.
The predicted salary is between 30000 - 40000 € per year.
We are seeking a motivated and detail-oriented Cost Accountant to join our growing Finance team at Octopus Energy Services. This role will report to the Finance Business Partner - Supply Chain and play a crucial role in the day-to-day financial operations of the company.
This role will entail preparation of financial reports, month-end processes, and ensuring compliance with relevant accounting standards. You will be working closely with the business to assist with day-to-day finance management and identifying any commercial risks or opportunities to improve the business’ position.
What you'll do:- Daily transaction posting including accurately processing all inventory-related transactions, including purchases, transfers to engineers, returns, and write-offs, ensuring they are correctly reflected in the general ledger.
- Preparing monthly divisional and consolidated management accounts, including assisting in the calculation and review of the monthly Cost of Goods Sold, ensuring accurate cost allocations for installed items.
- Reconcile physical stock counts with perpetual inventory records (both quantity and value) and investigate any variances or discrepancies promptly.
- Support the team in periodic reviews of inventory valuation, including obsolescence and net realisable value assessments.
- Perform balance sheet reconciliations to ensure integrity of the general ledger and financial records, with a primary focus on inventory.
- Reviewing finance processes to ensure that continuous improvements are made to improve inventory tracking and control.
- Liaising with finance representatives to finalise results, reporting on variances as required and providing clear documentation and corrective journal entries where necessary.
- Assist with the preparation of year-end reconciliations and schedules, and working closely with our auditors throughout the year end audit.
- Provide forecasting and KPI support: compiling data for the monthly re-forecasting, annual budgeting process, KPI tracking for the Supply Chain division.
- A relevant degree in Accounting, Finance, or a related field (or equivalent practical experience).
- Part-qualified or actively studying towards a professional accounting qualification (AAT, ACCA, CIMA, ACA or ICAS).
- 1–2 years experience in a cost accounting or similar role.
- Experience in a business with a physical inventory component preferable (e.g., retail, manufacturing, or services with hardware installation).
- Strong IT skills including advanced excel skills such as complex formulas and data analysis.
- Must be able to effectively and confidently communicate and present to senior management, both within finance and operational teams.
- Proactive and self-motivated with a high level of attention to detail and accuracy.
- Experience with financial accounting software (NetSuite) would be preferable.
If this sounds like you then we'd love to hear from you.
Cost Accountant in London employer: JABARI
At Octopus Energy, we pride ourselves on being an exceptional employer, offering a vibrant work culture that fosters autonomy and innovation. Our London-based team enjoys competitive salaries, flexible working arrangements, and a commitment to employee growth through continuous learning opportunities. Recognised as one of the UK's top companies to work for, we empower our staff to make impactful contributions while enjoying a range of meaningful perks tailored to their needs.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Accountant in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work at Octopus Energy or similar companies. A friendly chat can sometimes lead to job opportunities that aren't even advertised!
✨Tip Number 2
Prepare for interviews by brushing up on your cost accounting knowledge and understanding Octopus Energy's business model. We want you to show off your skills and how they can benefit the team!
✨Tip Number 3
Don’t forget to follow up after your interview! A quick thank-you email can leave a lasting impression and shows that you're genuinely interested in the role.
✨Tip Number 4
Apply through our website for the best chance of landing that dream job! It’s the quickest way for us to see your application and get you into the process.
We think you need these skills to ace Cost Accountant in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cost Accountant role. Highlight relevant experience and skills that match the job description, like your understanding of inventory management and financial reporting.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a great fit for Octopus Energy. Don’t forget to mention any specific projects or achievements!
Show Off Your Skills:We want to see your strong IT skills in action! If you have experience with advanced Excel functions or financial accounting software like NetSuite, make sure to showcase that in your application.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from our recruitment team!
How to prepare for a job interview at JABARI
✨Know Your Numbers
As a Cost Accountant, you'll need to demonstrate your understanding of financial reports and accounting standards. Brush up on key concepts like Cost of Goods Sold and inventory valuation. Be ready to discuss how you've applied these in previous roles.
✨Showcase Your Tech Skills
Octopus Energy values strong IT skills, especially in Excel. Prepare to talk about your experience with advanced Excel functions and any financial software you've used, like NetSuite. Consider bringing examples of how you've used these tools to improve processes.
✨Be Proactive and Detail-Oriented
Highlight your attention to detail and proactive approach during the interview. Share specific examples of how you've identified discrepancies or improved finance processes in past roles. This will show that you can contribute positively to their team.
✨Communicate Confidently
You'll be liaising with senior management, so practice articulating your thoughts clearly and confidently. Prepare to discuss how you've communicated complex financial information to non-financial stakeholders in the past. This will demonstrate your ability to bridge the gap between finance and operations.
