Temporary Finance Director

2 weeks ago


London, United Kingdom Octopus Energy Group Full time

This is a very special opportunity to join the management team of Octopus Energy’s UK Retail energy supply business as Finance Director. Although part of Octopus Energy Group, the UK Retail business is in its own right a large (£10bn turnover and household customers), well loved (4.7 Trustpilot) business with complex financial dynamics.
In this role, you will report to the Group Chief Financial Officer and be responsible for leading the Finance team dedicated to the UK Retail business.
Part of the Octopus Energy Group, Octopus Energy’s UK Retail business supplies gas and electricity to domestic and commercial customers in the UK, via our own brand and the London Power and Co-op Energy brands. We’ve recently welcomed 680,000 Avro Energy and Bulb customers and employees into our OctoFamily and, subject to regulatory approval, expect to also welcome Shell Energy customers and staff.
Led by our non-negotiable founding principles of customer centricity, low-cost energy and rapid transition to renewables through cutting-edge technology, we’re transcending outdated legacy models to accelerate to net zero faster and cheaper - backed by long-term shareholders who share our vision.
Demonstrating the highest levels of customer and employee happiness, we’re the ONLY UK energy supplier recommended by Which? For six years in a row and voted The Sunday Times 2023 ‘Best Company to Work For.’
Financial Oversight: Lead the business unit financial operations
Planning: Ownership of business unit budget, periodic updates and stress tests
Reporting: Own and lead preparation of regular management account and statutory reporting for the business unit, providing thoughtful challenge to test quality. Managing audits for the business unit to ensure timely delivery of accounts with appropriate commentary.
Cash Flow Management: Working closely with the Group Strategic Finance Team, develop and monitor cash flow forecasts, optimise daily and intra-month cash management as well as annual cash flow patterns to ensure adequate cash across the seasons. As part of this you will work with the operations team and tech team to balance financial and operational considerations.
Credit and Debt Management: Monitor performance of key balance sheet accounts and ensure that provisioning methodology continues to be fit for purpose.
Data Analytics: Leverage data analytics to identify trends, customer behaviours, and financial insights that inform business decisions.
Risk Mitigation: Identify and mitigate financial risks, implement internal controls. Working with the Energy Markets team and the Strategic Finance team, monitor exposures and stress test positions vs liquidity headroom
Team Leadership: Lead, mentor, and cultivate a high-performing finance team.
Qualifications: Bachelor's degree from a top tier university and accounting qualification.
Strong financial knowledge, including analysis, budgeting, and risk management.
Experience: You are likely to have spent time in Audit and will have worked in a variety of Finance roles in a corporate and, ideally, scale-up environment. It will be important that you have worked in a very commercial environment and can engage skillfully with functions across the business to balance risk / customer experience / financial performance.
Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We won best company to work for in 2022, on Glassdoor we were voted 50 best places to work in 2022 and our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We’ve also been placed in the top 10 companies for senior leadership
Visit our UK perks hub - Octopus Employee Benefits
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