Statutory Accountant

Job Description:            Statutory Accountant

Location:                        Immingham, North East Lincolnshire

Contract:                        Permanent

THE CLIENT

VPI is a preeminent power company, part of the Vitol Group. With responsiveness and ability to act swiftly at its core, as well as breadth of experience that spans operations and trading, we are a system solver for the problems that must be resolved to enable the energy transition.

We are already one of the leading Combined Cycle Gas Turbine (CCGT) operators in the UK, with assets across five locations capable of generating 3.3GW of power. Our efficient and flexible generation portfolio complements an increased use of renewables as part of the energy system, ensuring security of supply in the power grid.

At the same time, we are solving for decarbonisation of gas-fired dispatchable generation, as well as industrial clusters. For example, we are part of Humber Zero, a project to decarbonise critical energy intensive industry in the Humber. Humber Zero is a carbon capture and storage (CCS) project on the south bank of the Humber Estuary. The large-scale decarbonisation project will remove up to 8-million tonnes per annum of CO2 at the Immingham industrial site within the next 7 years. This represents a meaningful reduction in national CO2 emissions, while protecting local jobs and supporting the region’s economy.

Finally, we are anticipating the shift to zero-carbon storage technologies that will provide flexibility and stability in the energy system in the long term. We are building our portfolio in these areas, and creating a suite of services to suit corporate and grid needs.

VPI has an ambitious growth agenda. We are growing our portfolio in the UK and abroad. We can see an energy system that is changing rapidly and fundamentally. As a company that holds on to a system wide view and responds at pace, we see opportunity in this complex and fast-changing ecosystem.

THE POSITION

Due to growth and expansion of the business the opportunity has arisen for another statutory accountant to join the VPI finance team. We are looking for an experienced, hands on accountant with strong technical accounting skills; excellent knowledge of IFRS and UK Company legislation in relation to statutory financial statements. The role would suit a first time move from practise for an experienced accountant/auditor or for someone already in industry who has worked through audit cycles. The role also covers direct and indirect tax compliance, working alongside the Group’s external advisors, so the ideal candidate will also have some tax compliance experience. As the Group advances into new territories, this role will also play a key part in researching and meeting the compliance needs of the Group in those territories as well as the UK.

DIMENSIONS

• Support the VPI Statutory Accounting Lead with the statutory audit cycle
• Prepare IFRS individual and consolidated financial statements for presentation to the auditors
• Calculate and prepare technical accounting schedules and papers for inclusion in the management accounts or for presentation to auditors and other stakeholders - such as derivatives, IFRS16 lease provisions and ARO provisions
• Accounting for acquisitions and disposals
• Technically up to date with the ability to research accounting issues that may impact the Group in accordance with IFRS and relevant legislation
• Identify, prepare and calculate consolidation adjustments and supporting schedules
• Prepare/review the month end Balance Sheet reconciliations for the group
• Draft the monthly and year end corporation and deferred tax provisions
• VAT compliance and adhoc queries
• Interrogating and analysing accounting entries and issues.
• Drafting Office for National Statistics reports
• Building new processes and to continually improve those currently in place

DESIRED SKILLS AND EXPERIENCE

• Experience of audit cycles essential
• Strong technical accounting experience including but not limited to:
  • Derivative financial instruments valuation calculation
  • IFRS 16 leases
  • ARO
  • Consolidation entries
  • Acquisition accounting
  • Accounting for overseas subsidiaries
  • Ability to prepare IFRS financial statements from a trial balance
  • Ability to investigate and resolve variances
  • Flexible approach to work, agile mindset
  • Able to use own initiative, prioritise and multi task
  • Good interpersonal, communication skills and listening skills
  • Understanding or experience of working in a strong control environment
  • Strong IT and systems skills, able to understand and make best use of site systems

Experience of and proficiency in Financial and Microsoft office applications

QUALIFICATIONS

• Chartered Accountant is essential
• Minimum 5 years post qualified experience