Financial Reporting Analyst

Posted 7 days ago by Pertemps
Location Reading Job Type Permanent
Salary £30000 - £35000 per annum Sector Miscellaneous
About the role:

The role will maintain AUC and fixed assets management reporting for Thames Water and produce the capital expenditure annual return tables for the Regulatory Accounts.
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.

This role will involve, but not be limited to:

Producing monthly asset commissioning status reports, reviewing actual commissioning versus forecast and providing variance commentary to key stakeholders.

Prepare monthly balance sheet reconciliations for manager review.

Monthly review of fixed asset disposals.

Supporting the bi-annual and annual regulatory return process, completing key tables and presenting to external audit including MEAV (modern equivalent asset value) / current cost asset data within the agreed deadlines.

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.

Assisting in providing input to Group Financial Accounting team where required e.g. external audit requirements, responding to ad-hoc queries from the regulator, actively explore system improvements and efficiencies with regard to management of high volumes of data.

Adhoc projects including annual asset valuation reports for insurance purposes, the production of all 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.

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 with positive results driven mind-set and strong interpersonal/communication skills.

We are looking for a professional with strong analytical skills.

You will be a good communicator able to communicate to all levels within the business.

You will have strong Excel skills, with an understanding of Microsoft Access and SAP are also desirable.

Experience of working in a utilities/water organisation is desirable but not essential.

Whats in it for you?

Our competitive salary package includes an excellent contributory pension, 24 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 refer-a-friend bonus, where you can receive up to £1,000 for helping someone get a permanent position within the company. 

We’re also proud to be here for our local community, offering all of our teams two days paid volunteer leave a year, as well as proudly supporting a lot of local events and charities. 

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 poo 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 an award-winning mental health and wellbeing strategy.