SPN and Faults Finance Manager

UK Power Networks Ltd
09 Mar 2019
31 Mar 2019
Contract Type
Full Time
SPN and Faults Finance Manager

Position: SPN and Faults Finance Manager

Reporting to: Head of Finance Business Partnering

Function: Finance Business Partnering, Finance

Location: Crawley or London (with some time required in other locations)

Reference Number: 44917

Employment Period: 9 - 12 Months (Fixed Term Contract)

Contract Type: Personal

CiP Level: 10%

Salary Range: £55,000 to £65,000 - Depending on Experience

Closing Date: 21/03/2019

All applications will be reviewed after the closing date

We also offer:

Annual leave 25 days

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

Tax efficient benefits: cycle to work scheme

Season ticket loan

Occupational Health support

Switched On – scheme providing discount on hundreds of retailers products.

Supplier discounts, such as O2, EE, Vauxhall cars, Universal tyres

Discounted access to sports and social clubs

Employee Assistance Programme.

UK Power Networks is one of Britain’s largest power networks, responsible for delivering electricity to 7.8 million homes and businesses in London, the South East and the East of England.

We are a distribution company which operates and maintains the networks that deliver power, using 170,000 kilometres of underground cables and overhead lines, and 66,300 substations. We serve an area of 29,165 square kilometres, from The Wash in the East to the River Arun on the South Coast.

UK Power Networks is owned by the Cheung Kong group (CKI), which has extensive experience of operating regulated infrastructure operations around the world. The group already operates electricity distribution businesses in Hong Kong, Australia and New Zealand, and has been recognised as having leading customer service and health and safety systems. In the UK it has stakes in Southern Water and Northern Gas Networks.

Our people are central to our business and we recognise the need to be able to attract, recruit and retain high performing employees with the potential, skills and experience necessary for the continued growth of our organisation.

Role Overview:

If you are interested in driving a business forward to be the best performing DNO and being directly involved in key decisions, this is the perfect role for you. You will be involved in overseeing and managing the production of the monthly performance reports for all fault activity and the cost reporting for SPN, as part of the larger Finance Business Partnering team. However, your real value will be demonstrated as you work closely with operational colleagues both within SPN and the wider Network Operations Directorate to help them interpret the performance data to better understand where further advancements can be made to improve efficiency and for driving continuous improvement in the financial and operational performance.

You will be responsible for ensuring that there is accurate and timely financial reporting (including Key Performance Information) for all Fault activity across UKPN, contributing towards the completion and understanding of UKPN Management Information and ensuring that we can fulfil our regulatory reporting requirements. You will control a team of four people whose mission is to develop analytical techniques that identify root causes and areas of potential improvement in order to enhance the company’s financial performance.


The faults budget is circa £115m per annum and Network Operations South has an annual budget of £63m.

This role is critical to the on-going development of high quality financial information and analysis relating to Faults and for streamlining the associated reporting. The Faults team consists of this role, the Operational Accountant, Assistant Operational Accountant, Faults Analyst and the Faults Assistant Analyst. Total 5 FTE.

Principal Accountabilities:

1. Lead on the company’s finance and accounting strategy to optimise financial performance relating to faults and meet the strategic objectives of the business.

2. Lead from the front in terms of inspiring, coaching and developing employees across Operational Finance, ensuring that behaviours are aligned to UKPN’s values.

3. Ensure that UKPN’s financial systems are robust, compliant and support the current and future business activities relating to faults to enable accurate and timely unit cost data and efficiency measures to be reported.

4. Provide high quality insight into the drivers of performance, Identifying, monitoring and reporting on key financial risks and opportunities that could impact the faults efficiency of UKPN.

5. Ensure that company forecasting and budgeting processes relating to faults are carried out and reviewed to ensure each area receives a challenging but achievable budget which moves us towards being best performing DNO.

6. Provide clear, concise and relevant management information to enable the Executive Management Team (EMT), Network Operations Senior Manager Team (SMT) and the SPN SMT make informed financially sound decisions to improve efficiency.

7. Production of month end reporting packs (being KPI Dashboard Pack, monthly results summary, presentations to support DBR)

8. Drive a step change in the reporting process, streamlining and automating the process where possible and ensuring that unnecessary and superfluous reporting stops.

9. Provide high quality insight into the drivers of performance, highlighting risks and opportunities promptly.

10. Develop a strategy for the long term solution to a fit for purpose planning solution that aims to bring our fault UCI’s in line with the other DNO’s and the Ofgem Allowed Unit Cost.

11. Manage team members responsible for production of shareholder presentations, having overall accountability for the quality and content of all documents

Nature and Scope:

This is a professional role that includes both challenging and supporting throughout the business, communicating with Finance colleagues, Senior Managers and non-financial managers. You will be expected to have excellent communication skills and a positive and professional attitude to work and those with whom you deal. A strong customer service ethos, both internally and externally is a must.

This position is part of the Business Partnering Finance team supporting the activities of the whole of Network Operations, with a particular interest in SPN and the faults activity. The post will be based at London or Crawley (dependant on candidate location) and report to the Head of Operational Finance. However, the role will involve visits to other locations within the UKPN patch, particularly within the SPN Region.

Knowledge, Skills, Qualifications & Experience:

* Track record of delivering results and challenging the norm

* High levels of integrity

* Enjoys an environment which has fast pace & high rate of change

* Finance business partnering experience and driving EBITDA step-change in a business

* Exceptional communication and interpersonal skills with the ability to build rapport and credibility with non-finance personnel up to Senior Management level and influence change

* Proven track record of delivering high performing finance teams

* Energetic and resilient personality

* Exceptional analytical and numeracy skills supported by strong academic achievement and qualification through CIMA, ACCA or ACA

* A resilient and determined nature with a patient but persistent approach to deliver objectives

* Able to work within a complex large scale and fast moving operation with the capability to prioritise and focus on 'key issues’

Key Competencies


Able to define and align to the company’s culture and values.

Interpersonal skills that anable the establishment and maintenance of excellent relationships and credibility

Practical, hands on, and results orientated.

Works on their own initiative to agreed thresholds and deadlines.

Offers a high level of commitment.

Can communicate at all levels.

Enthusiastic individual with the ability to work well as part of a team and as an individual.

Willing to travel across the geographical areas of UK Power Networks where necessary.

Capable of manipulating large quantities of data

Able to analyse and grasp a situation quickly and create well-reasoned solutions.

Effective communication skills - presents ideas and information in a way in which non-financial personnel understand and can act upon.

Able to lead and maintain the commitment of a highly engaged team.

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 are responsible for ensuring they fully 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 particularly where there are legal requirements, employees are responsible for understanding those impacts and the controls they must ensure are applied.

If in doubt, ask

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