Commercial Accountant, Supply Chain
Octopus Energy
full-time
Posted on:
Location Type: Hybrid
Location: London • United Kingdom
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About the role
- Drive Month-End Operations: Prepare the monthly divisional and consolidated management accounts for Supply Chain, including assisting in the calculation and review of the monthly Cost of Sales, ensuring accurate cost allocations for installed items.
- Manage Inventory Lifecycle: Manage inventory-related transactions (including purchases, allocations, returns, and write-offs), ensuring they are accurately reflected in the general ledger.
- Variance & Valuation Deep Dives: Oversee the day-to-day reconciliation of stock counts against inventory records, taking the lead on investigating, explaining, and resolving any quantity and value variances. You will also support the team in periodic reviews of inventory valuation, including obsolescence and net realisable value assessments.
- Commercial Business Partnering Experience: Gain valuable cross-functional experience as you liaise with operational and finance stakeholders to review financial results, delivering clear variance reporting, comprehensive documentation, and corrective journal entries where necessary.
- Future-Focused Analytics: Look ahead by assisting with the monthly re-forecasting narrative and the annual budgeting process, while also building robust KPI tracking models.
- Process Evolution & Problem Solving: Assist with the review of existing finance processes to design and implement continuous improvements that strengthen financial control. We want your fresh ideas to help us build better ways of working!
- Financial Control & Audit Leadership: Perform monthly balance sheet reconciliations to ensure the absolute integrity of the general ledger and financial records. You will lead the preparation of complex year-end reconciliations and audit requests, acting as a primary point of contact for inventory/cost of sales and other supply chain queries throughout all audits.
Requirements
- Professional Qualification: Must be a fully or recently qualified accountant (ICAS, ICAEW/ACA, CIMA, ACCA, or a highly regarded foreign equivalent recognized in the UK).
- Experience: 2–3+ years of relevant experience in a similar cost accounting role, commercial finance with inventory/cost of sales experience, or similar analytical/accounting role.
- Industry Knowledge: Strong proven experience in a business with physical inventory (e.g., retail, manufacturing, or services with hardware installation).
- Technical Skills: Advanced Excel skills, including data analysis, and financial modeling. Experience with financial accounting software (NetSuite experience is highly desirable).
- Communication & Track Record: Proven ability to effectively, confidently, and commercially communicate and present financial data to stakeholders across both finance and operational teams.
- Mindset: Highly proactive, self-motivated, and capable of working autonomously with a rigorous level of attention to detail and accuracy.
Benefits
- 💰 Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
- 🎉 Octopus Energy Group is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We were recently named the UK's top company to work for, and we ranked in the top ten in the Sunday Times Best Places to Work 2024. 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
cost accountingfinancial modelingdata analysisinventory valuationvariance reportingmonth-end operationsbalance sheet reconciliationKPI trackingfinancial controlaudit preparation
Soft Skills
communicationproblem solvingproactive mindsetattention to detailself-motivatedcross-functional collaborationstakeholder engagementanalytical thinkingpresentation skillscontinuous improvement
Certifications
ICASICAEWACACIMAACCA