Associate Management Accountant

At Thames Water, we make a daily difference to the lives of 16 million customers by supplying 2.6 billion litres of water through 32,000km of pipes - keeping taps flowing and toilets flushing. We deliver life’s essential service so our customers, communities and the environment can thrive.

We’re looking for an Associate Management Accountant to join our Waste Finance team, supporting the Waste Networks area. This is an excellent opportunity for a part-qualified accountant to develop their skills within a large, complex organisation while gaining exposure to key financial processes and stakeholders.

What you’ll be doing as a Management Accountant
In this role, you’ll support the delivery of high-quality financial information, helping to drive insight and performance across operational cost areas. You’ll work closely with Finance Managers, FP&A teams and Business Partners, contributing to month-end close, financial analysis and continuous improvement activities.

Key responsibilities include:

• Supporting the month-end close process, including preparing journals, accruals, prepayments and balance sheet reconciliations
• Analysing operating expenditure (OpEx) and providing variance analysis against budget and forecast
• Delivering clear and concise financial insights to FP&A and Business Partnering teams on key cost drivers
• Maintaining and improving financial controls, ensuring accuracy and integrity of financial data
• Assisting in the preparation of audit deliverables and responding to auditor queries
• Supporting regulatory reporting activities, including cost allocation across relevant business areas
• Working collaboratively across finance to standardise and improve processes, driving efficiency and consistency
• Identifying and investigating anomalies in financial performance, supporting resolution and continuous improvement
• Responding to ad hoc requests for financial analysis to support decision-making and cost visibility

Base location: Hybrid - Clearwater Court, Reading, with occasional travel to other sites as required.
Working pattern: 36 Hours, Monday to Friday

What you should bring to the role
Essential:

• Part qualified accountant (ACCA, ACA, CIMA)
• Previous experience in a finance or accounting role
• Strong understanding of accounting principles and standards
• Good analytical skills with the ability to interpret and present financial data
• Confidence using Excel and working with large datasets
• Strong communication skills, with the ability to explain financial information to non-finance stakeholders
• Ability to manage priorities and meet deadlines in a fast-paced environment

Desirable:

• Experience with SAP and/or HFM
• Experience in utilities or construction sectors
• Regulatory reporting or audit experience

What’s in it for you?

• Competitive salary between £50,000 to £55,000 per annum, depending on experience.
• Annual Leave - 26 days holiday per year increasing to 30 with the length of service (plus bank holidays)
• Performance-related pay plan directly linked to company performance measures and targets
• Generous Pension Scheme through AON
• Access to lots of benefits to help you take care of you and your family’s health and wellbeing, and your finances - from annual health MOTs and access to physiotherapy and counselling, to Cycle to Work schemes, shopping vouchers and life assurance.

Find out more about our benefits and perks

Who are we?
We’re the UK’s largest water and wastewater company, with more than 16 million customers relying on us every day to supply water for their taps and toilets. We want to build a better future for all, helping our customers, communities, people, and the planet to thrive. It’s a big job and we’ve got a long way to go, so we need help from passionate and skilled people, committed to making a difference and getting us to where we want to be in the years and decades to come.

Learn more about our purpose and values

Working at Thames Water
Thames Water is a unique, rewarding, and diverse place to work, where every day you can make a difference, yet no day is the same. As part of our family, you’ll enjoy meaningful career opportunities, flexible working arrangements and excellent benefits.

If you’re looking for a sustainable and successful career where you can make a daily difference to millions of people’s lives while helping to protect the world of water for future generations, we’ll be here to support you every step of the way. Together, we can build a better future for our customers, our region, and our planet.

Real purpose, real support, real opportunities. Come and join the Thames Water family. Why choose us? Learn more.

We’re committed to being a great, diverse, and inclusive place to work. We welcome applications from everyone and want to ensure you feel supported throughout the recruitment process. If you need any adjustments, whether that’s extra time, accessible formats, or anything else just let us know, we’re here to help and support.

When a crisis happens, we all rally around to support our customers. As part of Team Thames, you’ll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It’s also a great opportunity to learn more about our business and meet colleagues.

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.