About the role:
This exciting role is the perfect opportunity for an experienced accounting profressional with in depth knowledge of Fixed Assests and Capex expenditure.
This role will provide asset accounting expertise and broader finance support to the Finance Capex Investment team, as well as the wider capital delivery community. The role delivers some regular monthly reporting, and develops financial and project governance controls as part of a small team.
This role will be responsible for relevant external audit and regulatory accounts processes from both an assets and projects perspective, as well as various ad-hoc projects supporting business change.
In addition this role provides key support and systems expertise to drive process improvements in accounting and reporting on Thames' £16bn fixed asset register and associated annual capital programme expenditure of c.£1bn.
The role provides an excellent opportunity to use your technical accounting, systems and collaboration skills to become a valuable and respected member of the Finance community. Your keen eye for detail and your passion and commitment to continuous improvement will help us achieve our goals as well as opening up a wealth of career possibilities at Thames Water.
Supervision of the Fixed Asset Register including the lead schedule, key balance sheet accounts, depreciation reporting, and stewardship of the Asset Module within SAP. Provide key support for initiatives such as UEL reviews, investment papers/projects requiring new asset class structure, and helping shape future policy.
Working with the team to ensure that regular statutory, regulatory and management reporting for investment projects/assets is robust, timely and accurate. Develop and enhance processes to support the reporting cycle. Own and produce audit deliverables for the half-year and year-end external audits and any corresponding analysis related to assets.
Responsibility for specific capital accounting, asset or investment project detail analysis or queries arising from our Investment Committee, or as part of business as usual/monitoring and control activity. Work across the team to support the business with fixes and queries on accounting treatment including IFRS treatment of opex/capex spend and depreciation.
Supporting a shift towards embracing newer tools such as SharePoint/Teams sites and process automation to reduce data handling, standardise and streamline reporting. Tackle changing demands from stakeholders while delivering excellent customer service and developing effective working relationships across the business.
To be successful you will have the following skills and experience:
This role will provide an opportunity to apply your strong accounting and systems skills to implement process improvements in key areas such as controls and automation. You will develop solid relationships with key stakeholders, use your initiative, and engage with the wider business to add value and deliver key outputs.
This role requires someone with a positive, creative, results-driven mindset to tackle evolving reporting demands. You must be a qualified accountant (CIMA / ACCA / ACA or equivalent) with strong analytical and excel skills. In addition, strong team-working and interpersonal skills are needed to articulate and influence a variety of accounting and regulatory issues to a range of stakeholders. You must be an experienced user of a range of finance systems tools (ideally including SAP). The successful candidate will become a subject matter expert, representing Thames Water to both internal and external stakeholders, so first-rate communication skills and a thirst to learn are also required.
Experience of working in a utilities/water organisation is desirable but not essential.
What's in it for you:
A great opportunity to make a first move into (or generally gain experience in) a large finance team in a blue-chip organisation. We'll put you in contact with some of our most senior stakeholders and you'll be a pivotal and highly valued member of the team.
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.
Thames Water is the UK's largest water and wastewater company. We make a daily difference to millions of customers by supplying2.7 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