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The Financial Control Division (FCD) is a friendly, dynamic, and fast paced team working at the heart of UK Export Finance. We are responsible for ensuring that effective financial control processes are in place. We co-ordinate the Department’s estimates, budgets and forecasting processes. We produce accurate and reliable monthly management accounts, annual accounts, and other published financial information. We manage the UKEF bank accounts, purchase ledger, fixed asset registers and the general ledger (CODA). We advise on accounting treatments, own the UKEF accounting policies and are working with others across the organisation and beyond to implement large scale changes in our accounting policy, systems, and processes in order to operationalise IFRS 9 and IFRS 17.

Our friendly and collaborative team is growing to support a larger UK Export Finance. Not only has the demand for UK Export Finance products significantly increased since the pandemic, the business is operating in a more uncertain market than it has seen in a long-time meaning activity on claims and recoveries is also increasing. It’s therefore an exciting time to join us as we support a business that is at the heart of delivering government export and trade policy to build the UK economy back stronger. We are also in a unique period of transition as we prepare to implement a new general ledger and purchase to pay system. This will offer the successful applicant a once in a lifetime opportunity to experience, and indeed, help shape and contribute to this transformational change.

You will have responsibility for managing the purchase ledger and all the cash and banking operations of the Department. The busy Purchase ledger and Cash teams process all the cash payments and receipts of UK Export Finance; from receipt of insurance premium and the payment of loan capital to the payment of insurance claims and receipt of loan interest, your teams are close to all the business done by the Department. Bringing together cashflow forecasts and intelligence you will gather from a network you will build across the department, you will perform fx trades and pro-actively manage our relationship with our bank to ensure the cash and banking needs of the Department can be agilely responded to. This is a unique role in a unique organisation.

You will be problem solving on a day to day basis, working with the other divisions to identify and reconcile large volumes of receipts. You will have the autonomy to identify where things can be done better and implement improvements and changes – we can offer you lean agent training to support you in this. You will be working with experienced and qualified accountants within a wider supportive and collaborative financial control division. You will have access to a plethora of learning and development opportunities offered by the Department.

To succeed, you will be a results-driven and ambitious team player, have excellent attention to detail and the ability to build productive working relationships across divisions within the organisation. You will also possess good Excel skills and have the ability to hit the ground running in a busy role.

• Line management of two colleagues who lead two teams of total 4 staff (the Purchase ledger team and the Cash team).
• Managing the relationship with the HMT Cash Team and with our commercial banking service provider
• Owning and maintaining the Finance Control Division’s business continuity plan
• Own and maintain UKEF’s banking mandates
• Monitor and implement changes as required in response to new HMT requirements or banking changes at either our Government banking service or our Commercial banking service
• Own and maintain all policies, procedures, process maps and control catelogs for your areas
• Own and monitor risks in your area, ensuring proper controls are in place and are operating effectively. Report operational risk incidents as necessary.
• Cash flow management including weekly, short-term and mid-term forecasting and liaison with divisions to drive improvements in cash forecasting accuracy. Review and monitor the daily cash balances of the Department and perform currency trades where necessary
• Ensuring all cash receipts and payments are recorded
• Actively facilitating identification and allocation of receipts by providing information to relevant teams across the business and following up and problem solving with the Operations division where necessary to ensure the suspence accounts balances are kept to a minimum
• Prepare bank reconciliations
• Review and reconcile all nominals managed by your teams on a monthly basis
• Review and approve invoices
• Review VAT returns and liaise with HMRC as necessary on VAT issues
• Co-ordinating resource and ensuring key operational tasks are completed on time, cross-training and building resilience between your two teams
• Providing guidance and training on your areas to the wider division and department
• Report on the activities of your teams to management
• Involvement across various UKEF projects e.g. new general ledger implementation, new purchase to pay system implementation

This list is not exhaustive, you may be required to carry out additional duties according to business need.

We'll assess you against these behaviours during the selection process:

• Changing and Improving
• Making Effective Decisions
• Managing a Quality Service
• Communicating and Influencing
• Working Together
• Leadership

We only ask for evidence of these behaviours on your application form:

• Changing and Improving

We'll assess you against these technical skills during the selection process:

• Please fully articulate in 750 words how you meet the essential criteria outlined in the person specification within the Information Pack.

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an average employer contribution of 27%

Job contact :

Name :
UKEF Recruitment
Email :
[email protected]

Recruitment team

Email :
[email protected]