Role OVO-View

Team: Finance - Bristol

Salary banding:  £80,000 - £95,000

Experience: Mid-level/Expert

Working pattern: Full-Time, hybrid

Reporting to: Head of FP&A and Treasury

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

This role in 3 words: Banking, Strategy, Optimisation

Top 3 qualities for this role: Diligence & attention to detail, excellent communicator with internal and external stakeholders, Qualified Management Accountant or Treasurer

Where you’ll work:

Depending on the needs of your business area, we expect hub based people to be in the office at least once a week, and to go to OVO Connection events in-person. 

You’ll be assigned to the closest one of our three hub offices, Bristol, Glasgow, or London; unless your role requires field-based work. Each hub has accessible spaces to park your laptop, is designed to inspire people, help them connect and bring big ideas to life.

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:

You will be working within the OVO Finance Team. The OVO Finance Team’s objectives are:

• Financial Control; to ensure OVO's resources are directed, monitored and measured in an accurate and timely manner and to maintain a ‘No Surprises Environment’
• Financial Planning; to allocate future resources beneficially to Ovo and to introduce a clear method to achieve these plans
• Strategy; to help build and execute an action plan and to drive OVO to its long term objectives.

This role in a nutshell:

This role is within the OVO Commercial Finance team and will report into the Head of FP&A.  

The role will lead and deliver the objectives of the Treasury team, ensuring there is effective control and efficient use of OVO’s cash resources, with explicit focus on visibility and accuracy of OVO cash forecasts.  The Treasury team is responsible for monitoring, transacting  and accounting for approx £5bn of customer receipts and £4bn of supplier payments per year.

Your key outcomes will be:

• Owning and maintaining an accurate daily cash forecast (through effective company wide collaboration with key stakeholders)
• Provide daily updates to Senior management on cash position, covenant headroom and key working capital and cash management levers
• Deliver variance analysis and insight against previous forecasts to explain cash position and also improve forecasting accuracy
• Defining and optimising the Treasury team structure, strategy and activities
• Own the long-term cash forecasting/budgeting process and model, with a view of driving continuous improvements to processes and models
• Own key Treasury relationships (including retail banking, Industry body collateral requirements and Covenant positions)
• Act as the subject matter expert for projects that require Treasury support including implementation of new product lines across the group
• Drive the development of a framework of key treasury procedures and controls
• Managing and mentoring the other members of the Treasury team to ensure that they are delivering on their personal development needs 
• Overseeing the Treasury Operations to ensure that payments to key suppliers are made on time and integrity between banking and accounting within the ERP system is maintained at all times on an account by account basis
• Managing payment facilities and regulatory cash balances to maintain liquidity above covenants
• Any other ad hoc duties as requested by the Head of FP&A.

Systems: Banking portals, Workday, Anaplan, Excel

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

• Are a qualified accountant (ACA/ACCA/CIMA) or hold a relevant Treasury Qualification
• Have proven experience of a similar role (5+ years) ideally in the Energy industry
• Are someone who strives for accuracy, is detail-oriented and takes full ownership of the work you are responsible for
• Posses excellent communication skills in order to interact with key stakeholders and teams throughout the business and externally
• Have a proven track-record in excel-based modelling and cash flow forecasting
• Have exceptional analytical skills with the ability to challenge
• Are self-motivated and self-starter with a ‘can do’ attitude
• Demonstrate strong working ethics and can be dynamic and enthusiastic to strive for highest levels of accuracy
• Show diligence with a preference for attention to detail, and be willing to dig and investigate at depth to resolve problems. You should also be team-oriented with a demonstrated track record in coaching
• Are keen to learn and take ownership of a challenging role in the team with a thorough approach to work.

Let’s talk about what’s in it for you

We’ll pay you between £80,000 to £95,000, depending on your specific skills and experience.

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. We'll give you 9% Flex Pay on top of your salary – 4% of this is auto enrolled into your pension, and the remaining 5% is yours to do what you like with. You can use this to buy from our extensive range of flexible benefits, including our green benefits which we've put at the heart of our offering, add to your pension or even take it as cash.

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, travel insurance, workplace ISA, will writing services, dental insurance, and more For your lifestyle With extra holiday buying, discount dining, home & tech loans, and supporting your favourite charities with give-as-you-earn donationsFor your home  Get up to £400 towards any OVO Energy plan, plus great discounts on solar, 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.