We are looking for a Capex Financial Analyst to support the maintenance and enhancement of AUC and fixed assets management reporting for Thames Water and produce the capital expenditure annual return tables for the Regulatory Accounts.
The role provides a fantastic blend of analytical expertise and practical application to the business environment; a great opportunity to make a difference through continuous improvement and regular contact with varied internal and external stakeholders.
In addition, you will support the external audit process and develop reporting improvements on Thames’ £15bn fixed asset register and associated annual capital programme expenditure of c.£1bn.
The role provides an excellent opportunity for an individual to apply their strong analytical skills using excel and finance systems to implement process improvements and drive efficiencies.
Responsibilities
Financial Controls:
- Review and challenge asset commissioning timelines
- Production and interrogation of key financial controls:
- Assets overdue for commissioning
- Commissioning Look-ahead schedule
- Project spend profiles
- Early warning reports
- Prepare monthly balance sheet reconciliations and processing journal entries for manager review.
- Monthly review of fixed asset disposals.
Management Information and Data Quality:
- Collate management information to support decision making
- Providing data quality assurance with respect to fixed assets master data. Verifying project settlement rules, commissioning data, purpose codes and asset classes; liaising with the business to ensure any anomalies are corrected.
- Actively explore system improvements and efficiencies with regards to management of high volumes of data.
Financial Reporting:
- Assisting in providing input to Group Financial Accounting team where required e.g. external audit requirements, responding to ad-hoc queries from the regulator.
- Supporting the bi-annual and annual regulatory return process, completing key tables and presenting to both senior Management and external Audit.
- Production of capital finance tables for the price review process; establishing timelines, assigning deliverables, managing delivery and liaising with capital programme team / strategic planning team where required.
- Adhoc projects including annual asset valuation reports for insurance purposes
To be successful you will have the following skills and experience:
This role will provide an opportunity to apply your strong analytical skills implement process improvements controls and efficiencies. This is a unique opportunity involving the development of relationships with key stakeholders, engaging with the business to add value to the way we report whilst developing the role.
- This role requires someone who focuses on the detail and who does not compromise on quality or accuracy.
- Self-motivation, positive results driven mind-set and with strong interpersonal/ communication skills are key behaviours for this role.
- We are looking for a professional with strong analytical skills who is experienced and highly competent with regards to Excel and data manipulation.
- SAP knowledge and experience are highly desirable..
- Experience of working in a utilities/water/ regulated organisation is desirable but not essential.
- Qualifications: Part Qualified accountant studying towards an accounting qualification (ACCA or CIMA)
What’s in it for you:
Our competitive salary package includes an excellent contributory pension, 26 days holiday per year increasing to 30 with length of service and a wider benefits scheme. This includes an annual pay review, season ticket loans, voucher scheme giving you money off in major retail outlets, loyalty awards for continuous service plus much more, including our referral scheme, where you can receive £750 for helping someone get a permanent position within the company.
We’re also proud to be here for our local community, offering everyone two days paid volunteer leave a year, as well as proudly supporting a lot of local events and charities.
Click here to find out more about working at Thames Water
About us:
Thames Water is the UK’s largest water and wastewater company. We make a daily difference to millions of customers by supplying 2.7 billion litres of world-class water to around 10 million homes.
As our world changes, the need to take care of our most precious resource is greater than ever, both locally and globally. That’s why, at Thames Water, every one of our actions, big and small, matters every day. Water is essential to daily life, and that means our business is always open. We’re passionate about providing world-class tap water, now and for the future.
We’re also turning waste into power, self-generating 20% of the energy we use and, in turn, doing our bit for the planet. We’re reducing plastic waste by celebrating our tap water and rolling out an ambitious water fountain project. We’re using our voice to lobby for change and partnering with WaterAid to provide clean water to the world’s poorest communities.
Together, we’re building a better future for our customers, our region and our planet.
Thames Water is a unique, rewarding and diverse place to work. If you join our team, you’ll enjoy fast-tracked career opportunities, flexible working arrangements and unparalleled benefits. We’re also proud to be an equal opportunity employer, Stonewall Diversity Champion and Disability Confident Leader, welcoming individuals from all walks of life and leading the way with award-winning mental health and well-being strategy.