Income Accounting Manager

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 careers@ukpowernetworks.co.uk quoting the vacancy reference number and a member of the team will get in touch with you as soon as possible.