Financial Reporting Manager

2 weeks ago

Wellington, Wellington, New Zealand Transpower New Zealand Limited (TPNZ) Full time
Why Join Us
  • Bring your leadership skills & join a close-knit team
  • A diverse role that is both complex and rewarding
  • Growth potential to drive process improvements and boost efficiency

Great role in a growth industry, with a level of complexity and uniqueness you are not likely to find elsewhere

Transpower is the commercially focused and regulated State-Owned Enterprise that owns and operates the National Grid. At the very heart of the energy sector, we transport electricity from where it is generated to large electricity users and the distribution companies who deliver it to homes and businesses nationwide.

To play an active role in decarbonising the economy and reducing emissions through accelerated electrification, we continue to improve, accelerate, and scale. Our future will bring rapidly growing demand for clean energy, new technology, more complex power flows, and changing customer and consumer expectations. It is a particularly interesting and exciting time to work in the energy sector

About the Team

The Financial Reporting Team delivers external reporting and tax compliance, treasury back and middle office operations, oversees customer credit, maintains a robust financial control framework, and supports the business with accounting and tax advice.

Our wider Finance Group also includes financial planning and reporting, business partnering, financial operations, asset accounting, and finance systems.

About the Opportunity

As Manager Financial Reporting you will lead a team of four, to deliver Transpower's external financial statutory reporting, including delivering the half and full-year financial statements. You will also ensure the effective operation of the financial internal control framework, compliance with International Financial Reporting Standards (IFRS), and all tax matters.

The role will also see you managing Transpower's Treasury back and middle office operations, Customer Credit monitoring and reporting processes, and managing the insurance reporting for our captive insurance company and RBNZ returns.

Our context of owner and operator of Aotearoa / New Zealand's most critical and significant infrastructure (more than $5bn of assets, spanning the length and breadth of the country), and our core purpose of empowering an energy future that delivers a net-zero carbon economy and a reliable and secure electricity system, sees us operating within an extremely interesting setting of compliance, regulation, and assurance.

This is a particularly interesting role with a level of complexity and uniqueness you are not likely to find elsewhere - you will be part of something meaningful and critically important You will be joining us, and the electricity sector, at a time of accelerated change as we accelerate the decarbonisation of the economy.

What You'll Bring

We are seeking a great people manager with proven financial management experience either in a comparable scaled regulated organisation or relevant chartered accountancy firm experience. You will possess exceptional finance knowledge and experience, including having an excellent understanding of both manual and system controls and reconciliations, combined with the ability to lead and implement change.

To Be Considered

Your CV and cover letter will be underpinned by a relevant degree and demonstrate:

  • Deep technical knowledge of New Zealand and International Financial Reporting Standards.
  • Good understanding of, and experience in, financial valuation, management and control of treasury instruments and derivatives.
  • Good understanding of the NZ Tax system and how it relates to expenses and capital expenditure, including Income tax, GST, RWT, and FBT requirements.
  • Experience in the design and delivery of Financial/Internal controls with a demonstrated ability to review and continuously improve financial controls.
  • Intermediate-to-advanced Microsoft Excel skills to financial model development stage with a high level of working competence with wider Microsoft packages, including Office 365 (Word and PowerPoint).

Whilst not essential the following would be ideal and viewed favourably:

  • A general understanding of the electricity industry's structure, regulation, and operation.
  • Experience in a large, capital-intensive, infrastructure-based business, and an understanding of financial management in a regulatory environment.
Why You Should Join Us

We stand together for New Zealand - Tū mai Aotearoa - to enable a better tomorrow.

It's exciting On offer is intellectual stimulation, work with the scale, criticality, and complexity of our lifeline utility. It is both stimulating and challenging. We are an equal opportunity employer and value the diversity of thought that comes from our people of over 28 nationalities.

You'll join a fun, hardworking team in a family friendly and flexible work environment with great employee benefits. The team and role are Wellington based.

Role Closes 28th February 2025. Applications will be reviewed as they are received, and exploratory conversations/interviews may be scheduled for shortlisted candidates ahead of the closing date.

Full New Zealand work eligibility is required.

Interested in knowing more, and seeing our Wellington head office? Watch a brief video here.

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