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Financials Manager

We’re looking for a Financials Manager to join Octopus Energy for Business (OEB) and support our expanding business energy supply. 


At OEB, we support UK businesses with their journey towards decarbonisation. Combining smart green energy solutions with exceptional customer service, transparent and fair pricing, and innovative tariff structures, we aim to accelerate the business sector’s transition to net zero whilst providing low-cost energy that meets the needs of our customers. 


We’re seeking a highly skilled and detail-oriented Financials Manager to join our team. In this role, you’ll be responsible for driving the company's business forecasting processes, analysing margins, and providing actionable insights to optimise financial performance. You’ll collaborate closely with decision makers, finance teams, and business units to ensure that financial strategies align with the company's growth objectives.


This is a hybrid role based out of our London office. You’ll be expected to spend at least 3 days a week in the office so that you can build relationships and collaborate with colleagues across the business.


What You'll do:
  • Provide consistent portfolio level reporting for OEB to determine overall net margins. This will include revenue, cost of sales, debt and operational expenditure.
  • Lead the development and management of the company’s forecast, ensuring accuracy and alignment with strategic goals.
  • Work with the team to interrogate the entire cost stack to influence pricing decisions.
  • Develop margin optimisation strategies, including pricing adjustments, cost reductions, and process improvements.
  • Improve accuracy of gross margin calculations in partnership with Finance and Pricing teams.
  • Lead meetings with colleagues and senior management to provide clear options in the decision making process.
  • Work closely with the pricing team to influence key decisions to ensure we provide customers with a wide range of tariffs which are set with a conscious view of outturned margins.
  • Provide monthly reporting packs to monitor different aspects of performance including budgets and variance analysis.
  • Work closely with business units to gather key inputs and assumptions for accurate forecasting.


What You'll Need:
  • Ideally 2+ years of financial, commercial or pricing experience in the energy industry
  • Have previous experience with reporting margins
  • A track record of demonstrating financial acumen in commercial roles
  • Excellent communication skills with the ability to summarise key findings to senior management
  • Enjoy solving complex problems
  • Enjoy taking responsibility for an area
  • Can summarise findings and communicate in a clear and targeted manner
  • Like to learn about new and complicated areas
  • Enjoy constantly streamlining and introducing new processes


Why You'll Love It Here:
  • Wondering what the salary for this role is? On a call with one of our recruiters, this is always something we 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 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 won best company to work for in 2022, 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


If this sounds like you then we'd love to hear from you.


Are you ready for a career with us? We want to ensure you have all the tools and environment you need to unleash your potential. Need any specific accommodations? Whether you require specific accommodations or have a unique preference, let us know, and we'll do what we can to customise your interview process for comfort and maximum magic!


Studies have shown that some groups of people, like women, are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are, if you like one of our jobs, we encourage you to apply as you might just be the candidate we hire. Across Octopus, we're looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success. As an equal opportunity employer, we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities, an inclusive work environment, and fairness for everyone.

What You Should Know About Financials Manager, Octopus Energy Group

Join the Octopus Energy for Business (OEB) team as a Financials Manager and play a vital role in supporting our mission to help UK businesses transition towards decarbonisation. We're all about combining smart green energy solutions with top-notch customer service and fair pricing. As the Financials Manager, you’ll be diving into the heart of our business forecasting, analyzing margins, and crafting actionable insights to supercharge our financial performance. You’ll work hand-in-hand with decision-makers and finance teams to ensure our financial strategies are perfectly aligned with our growth objectives. This hybrid role is based in London, meaning you’ll need to spend at least three days a week in the office to build meaningful relationships with your colleagues. Your key responsibilities will include developing portfolio-level reporting, managing our company forecasts, and leading discussions with senior management to steer our financial decisions. We're looking for someone with at least 2 years of experience in financial or commercial roles within the energy sector, who is great at problem-solving and has strong communication skills. At Octopus Energy, you'll be part of a unique culture that values autonomy and innovation, where your contributions are truly rewarding. If you’re excited about making a real impact, we’d love to hear from you!

Frequently Asked Questions (FAQs) for Financials Manager Role at Octopus Energy Group
What responsibilities does a Financials Manager at Octopus Energy have?

A Financials Manager at Octopus Energy is responsible for driving business forecasting processes, analyzing margins, optimizing financial performance, and providing consistent reporting. They collaborate closely with decision-makers and various teams to ensure alignment with the company's strategic goals.

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What qualifications do I need to apply for the Financials Manager position at Octopus Energy?

To be considered for the Financials Manager role at Octopus Energy, you should ideally have 2+ years of experience in financial or commercial roles, particularly in the energy sector. Experience with margin reporting and excellent communication skills are also essential for summarizing findings to senior management.

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How does Octopus Energy approach employee support for the Financials Manager role?

Octopus Energy is committed to providing an inclusive environment. They encourage candidates to request specific accommodations during the interview process to ensure comfort and support, reflecting their dedication to empowering every employee.

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What is the culture like at Octopus Energy for the Financials Manager?

The culture at Octopus Energy is known for its autonomy, innovation, and fast-paced decision-making. The company has been recognized as one of the best places to work, highlighting the commitment to rewarding hard work and creative contributions.

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What is the hybrid work structure for the Financials Manager position at Octopus Energy?

The Financials Manager role at Octopus Energy follows a hybrid work model, where employees are expected to spend at least three days a week in the London office. This setup aids in building relationships and collaboration across teams.

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Common Interview Questions for Financials Manager
How do you ensure accuracy in business forecasting?

To ensure accuracy in business forecasting, I emphasize the importance of collaboration with finance and other business units. Gathering key assumptions and inputs from various teams helps to create a holistic view of potential outcomes.

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Can you explain your experience with margin reporting?

In my previous roles, I've consistently engaged with margin reporting, analyzing sales, expenses, and overall profitability. I focus on identifying trends and variances to inform strategic decision-making.

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Describe a time you optimized a financial process.

I once identified inefficiencies in our reporting process that delayed insights. By automating data collection and using visualization tools, I reduced the reporting time by 30%, allowing quicker decision-making.

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What techniques do you use to present financial data to senior management?

I prioritize clarity and relevance when presenting financial data. Using visual aids like charts and graphs helps convey complex information simply. I also tailor my presentation to focus on key insights that align with strategic objectives.

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How do you handle complex financial problems?

When faced with complex financial problems, I begin by breaking them down into manageable components. This helps me analyze each aspect more effectively and develop a comprehensive action plan.

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What software tools are you proficient with for financial analysis?

I am proficient in various financial analysis tools, including Excel for modeling, as well as accounting software like QuickBooks and ERP systems that facilitate data management.

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Tell me about a successful pricing strategy you developed.

I once led a project to analyze pricing structures and competitor rates. By introducing tiered pricing based on usage, we increased customer satisfaction and retention, resulting in a 15% revenue boost.

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How do you collaborate with different teams within a company?

I emphasize open communication and transparency. Regular meetings and check-ins foster collaboration and ensure alignment with financial strategies across different teams, from pricing to operations.

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What steps do you take when preparing monthly reporting packs?

In preparing monthly reporting packs, I gather the latest financial data, analyze variances against budgets, and extract key insights. I always ensure that the reports are clear and actionable for management's decision-making.

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How do you keep up with industry trends that may affect financial strategy?

I stay updated by following industry news, attending webinars, and networking with peers. This proactive approach enables me to adapt financial strategies to changing market conditions efficiently.

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Octopus Energy is a forward-thinking energy provider - were not just thinking about us, but generations ahead. Were reinventing the way you interact with your energy use so that you know when the best times are to use energy, and when the grid is ...

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Full-time, hybrid
DATE POSTED
December 24, 2024

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