Role OVO-View

Team: Treasury

Salary banding:  £50,000 - £55,000

Experience: Mid-level

Working pattern: Full-Time

Reporting to: Alexander Davies - Treasury Manager

Sponsorship: Unfortunately we are unable to offer sponsorship for this role.

This role in 3 words: Autonomy, Inquisitive, Decisive

Top 3 qualities for this role: Attention to detail, Organisation, Communication skills

In the words of the team, you should leave your current role for this one because….

“We are a team always chasing automation and improvements…where it makes sense to do so. All ideas are welcome for discussion in team meetings with collaboration and honest & open communication at the forefront of everything we do.”

“I love the level of responsibility that comes with working in this Treasury team. Every day is different. I’m constantly learning and I’m given the ability to be involved in as much as I want, to be able to develop my financial and technical knowledge. Above all, I am working with a great team of people which, like me, are committed and we have a great working atmosphere. I really love my job!”

Where you’ll work:

At OVO, we understand that a one size fits all approach doesn’t work for everyone. That’s why we created the OVO Way of Flexibility.

All our roles are hub based (Bristol, Glasgow or London), providing a dedicated space for collaboration, connection and teamwork. You’ll also have the flexibility to work from home.

The finance team are mainly based from Bristol or London so even better if you're in these locations.

Everyone belongs at OVO

At OVO, we are on a mission to solve one of humanity's biggest challenges, the climate crisis. And we know it takes all of us to change the world. That's why we need diverse people from all abilities, gender identities, ethnicities, ages, sexual orientations, life experiences and backgrounds to join us.

Teamworking for the planet

Everything we do here spins around Plan Zero. So, naturally, the team you’ll be joining plays a gigantic role in making that happen. Here’s how:

We might not be on the frontline of people’s zero carbon journey, but this treasury team keeps the turbines spinning by ensuring that our cash is used optimally; supporting all the functions in Ovo that rely on suppliers being paid, customers cash being allocated appropriately and everything in between.

This role in a nutshell:

Owning the accounting of the cash ledgers, turbo charging automation and being the go to person on cash.

Your key outcomes will be:

• Collaborating closely with teams across the business to produce, analyse and review the daily cash position for accuracy and efficiency.
• Provide regular updates to Senior management on cash position, covenant headroom and key working capital and cash management levers
• Development on the automation of cash reporting
• Deliver variance analysis and insight against previous forecasts to improve forecasting accuracy
• Drive continuous improvements to short and long term cash forecasting processes and models
• Developing FX policy and process before entering into hedges
• Reviewing working capital to make regular deposit placements
• Managing cash across the group
• Reviewing trends in economic data to assist with decision making for cash management
• Supporting the Treasury Manager on collateral position with key suppliers, with a view to becoming the SME
• Working closely with and provide ongoing support for Treasury Analysts
• Act as key point of contact for banking relationships, bank mandates and banking access/admin
• Collaborating with Controls team to develop the framework of key treasury procedures and controls
• Maintain a risk management framework to mitigate exposures, where they arise
• Authorising payments and journals

Within your first 3 months month you’ll:

• Have understood the cashflow models and be making proactive improvements
• Have a good understanding of the energy industry and be able to challenge payments, journals and other transactions
• Have created your network of key people in the business to gather any information needed

Systems:  Banking portals, Workday, Excel (obviously not a system….but finance loves Excel!)

You’ll be a successful Senior Treasury Analyst here at OVO if you…

• Are comfortable prioritising conflicting items. there will be plenty of variety and keeping organised will be time critical
• Are a good communicator. Keeping the team and the wider finance function in the loop will be important
• Have great attention to detail. Ensuring the ledgers are up to date, payments are made in line with budget and cashflows are being recorded correctly

Let’s talk about what’s in it for you

We’ll pay you between £50,000 and £55,000, depending on your specific skills and experience. If your expectations are a little different, have a chat with us!

We keep our pay ranges broad on purpose to give us, and you, flexibility to match your experience to our zero carbon mission.

You’ll be eligible for an on-target bonus of 15%. We have one OVO bonus plan that focuses on the collective performance of our people to deliver our Plan Zero goal. 

We also offer plenty of green benefits and progressive policies to help you feel like you belong at OVO…and there’s flex pay.  It’s an extra 9% of your salary on top of your core pay to use as you like. You can take it as cash, add to your pension, or choose to spend it on a huge range of flex benefits. Here’s a taster of what’s on offer: 

For starters, you’ll get 34 days of holiday (including bank holidays). For your healthWith benefits like a healthcare cash plan or private medical insurance depending on your career level, critical illness cover, life assurance, health assessments, and moreFor your wellbeingWith gym membership, gadget, travel and cyber insurance, workplace ISA, will writing services, DNA testing, dental insurance, and more For your lifestyle With extra holiday buying, discount dining, culture cards, tech loans, and supporting your favourite charities with give-as-you-earn donationsFor your home  Get up to £300 off any OVO Energy plan (when you pay by Direct Debit), plus personal carbon offsetting and great discounts on smart thermostats and EV chargersFor your commute Nab a great deal on ultra-low emission car leasing, plus our cycle to work scheme and public transport season ticket loans Want to hear about our full range of flexible benefits and progressive people policies? Our People Team can tell you everything you need to know.

For your Belonging

To find better ways to support our people, we need to listen to each other’s experiences and find ways to build a truly inclusive and diverse workplace. As part of this, we have 8 Belonging Networks at OVO. Led by our people, for our people - so when you join OVO, you can play a part - big or small - with any of the Networks. It's up to you.

Oh, and one last thing...

We’d be thrilled if you tick off all our boxes yet we also believe it’s just as important we tick off all of yours. And if you think you have most of what we’re looking for but not every single thing, go ahead and hit apply. We’d still love to hear from you! If you have any additional requirements, there’s a space to let us know on the application form; we want to make the process as easy and comfortable for you as possible..