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Project Accountant

Project Accountant – Triton Knoll

 

Role description

 

A role focussing principally on providing support to the Triton Knoll Offshore Wind Farm project; delivering accurate cost analysis by working closely with the Triton Knoll Senior Project Accountant and the controlling and project teams.  Additional requirements will include the processing of senior and subordinated loan payments, managing the relevant bank accounts, assisting in creating business plans and cash flow forecasts, and the preparation of management and statutory accounts.

Triton Knoll is situated in the Greater Wash approximately 20 miles off the coast of Lincolnshire and 28 miles from the coast of Norfolk. The project has achieved a route to market, external investment has been sourced, and the windfarm is in the construction phase.  On completion, the site is likely to be one of the largest windfarms in the UK. Careful control and reconciliation of the project costs will be necessary to ensure accurate reporting and accounting treatments are applied and reported to investors and debt financers.

 

Planning & Organising

 

  • Assist in delivery of reporting to investors and lenders in line with the requirement of underlying agreements
  • Ensuring the accuracy of project costs through assistance in the accruals process and review of actuals with project controls team
  • Cash reconciliation to enable the preparation of cash flow forecasts
  • Assist with preparing debt cover ratio forecasts
  • Review VAT returns prepared by Shared Service Centre
  • Information requirements for investors
  • Group Reporting to innogy.
  • Preparation of the management accounts
  • Assist with preparation of annual statutory accounts (together with audit-standard working papers)
  • Provide assistance with audit scheduling and resolution of audit queries.

     

Policies, Processes, and Procedures

 

  • Compliance with innogy policies and those of the joint venture partners, where appropriate, as well as ensuring adherence to the following joint venture contractual agreements:
  • Management Services Agreements (MSAs): contracts between the project and innogy for the provision of services;
  • Contracts between the investing parties with respect to the obligations of each shareholder and the JV companies; and
  • Contract for the supply of generated electricity  between the JV and the party purchasing which forms the income for the JV.

     

Communication and Influencing

 

  • First point of contact for financing cost queries for Triton Knoll project.
  • Work closely with auditors, tax advisors, accounting advisors, and internal innogy departments including Accounting, Project Controls, Commercial, Shared Service Centre (Krakow, Poland), and innogy Group
  • Inquisitive and challenging – understanding in detail the cost and income elements and having the ability to identify potential issues and challenge assumptions where appropriate for example in cost accruals, reforecasting, and business planning.

 

Customer Focus / Awareness

 

  • Conducting the affairs of the joint venture companies in a manner which optimises the interests of the all joint venture partners, rather than simply those of innogy
  • Ensuring compliance with relevant accounting standards and group policies
  • General business knowledge and awareness of the wider energy industry.

 

Relationships 

 

  • Substitute for senior project accountant at management meetings, including presentation and discussion of joint venture finance reports.
  • Liaising with Triton Knoll’s bank to ensure payments have been processed on time, queries are resolved and authorised signature list is maintained
  • Regular formal and informal meetings with project controls to discuss forecast, budgets, accruals and any accounting impacts of project actions.
  • Statutory accounts, audit and tax - liaise with tax advisors, auditors and company secretary
  • Assistance and support provided to Senior Project Accountant.

 

Required skills and experience

 

Skills

 

  • Influencing - to Head of Department level
  • Organisation – able to complete most tasks on own initiative, independently and ensuring work is prioritised
  • Challenging – possessing the confidence to challenge assumptions and theories rather than simply accepting
  • Communication – the role holder is required to be able to discuss financial issues with both non-finance and finance experts, whilst being able to grasp non-financial issues (e.g. legal and basic technical subject matter)
  • Presentation - able to present information in a clear and concise manner, identifying the key information for the recipient.

 

Technical Skills 

 

  • Microsoft Excel - intermediate level
  • SAP or equivalent ERP system capabilities
  • Application of basic UK GAAP & IFRS

 

Knowledge

 

  • Understanding of basic UK GAAP & IFRS
  • Firm business knowledge and awareness of the wider energy industry.

 

Qualifications

 

  • Part-qualified accountant with recognised accounting body - ACA, ACCA, CIMA.

 

Experience

 

  • Minimum one year’s accounting experience essential to give broader perspective, ideally with exposure to or ability to learn:
  • Management accounting;
  • Business planning and forecasting;
  • Cash flow management;
  • Relationship management (internal / external parties); and
  • Statutory accounting.

 

Personal qualities

 

  • Confident – ability to approach and communicate with colleagues in a positive and constructive fashion
  • Ability to quickly grasp concepts
  • Initiative – suggests and implements improvements to internal processes.

 

 

Why you should apply

 

This role presents a really exciting opportunity to take ownership of the accounting aspects of a large wind farm project under construction and to follow the project through to commencement of operations.

As well as a competitive salary and impressive benefits package you’ll also get the opportunity to really shape the future of our business. Along the way, we’ll give you all the support you need to develop your skill set and achieve your long-term ambitions. This includes study support to complete the relevant accounting qualification.

We are committed to creating a diverse and inclusive organisation and to valuing the contribution that our employees make. We welcome and respect differences in culture, background, working style, education and other less obvious differences. innogy is committed to flexible and agile working and achieving a healthy work-life balance.

 

Salary and package details

 

Competitive Salary

25 days annual leave + Bank Holidays

Up to 15% Pension

Bonus

Life insurance

Family medical care

Cycle to work

Eye Test/Flu Jab Vouchers

Discount scheme

Gym and physio on site

Subsidised canteen

 

Base office would be Swindon with 37 hour week with fully agile approach

 

 

Our company

 

innogy SE is Germany’s leading energy company, with revenue of around €44 billion (2016), more than 40,000 employees and activities in 16 countries across Europe. With its three business segments Grid & Infrastructure, Retail and Renewables, innogy addresses the requirements of a modern, decarbonised, decentralised and digital energy world.

With an installed capacity of more than 900 megawatts in offshore wind and with over 1900 megawatts in onshore wind, innogy is one of the major renewable energy operators in Europe.

The UK renewables business is innogy’s second largest operational market and central to its continued growth plans.  We are committed to supporting the communities in which we operate and invest millions each year as part of our community funds.  innogy’s goal is to create a sustainable energy system that leaves an environment worth living for future generations – and the basis is energy from renewable sources.

 

 

 

 

Closing date for this role is 25/01/19, Please apply online and contact lisa.phillips@innogy.com with any queries or questions


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