financial reporting manager London, England
Job description
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About the job
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Location
About the job
Job summary
The Department for Science, Innovation and Technology (DSIT) is a newly created department on 7th February 2023. DSIT's scope is unique as a newly created Science, Innovation and Technology department and you would be working for a team responsible for establishing the finance function and ensuring business continuity across all aspects of finance, including financial management, financial reporting, internal controls, financial governance, business processes and systems.
Financial Reporting and Accounting team are looking for two outstanding finance professionals with the required experience, skills and personal qualities for either Assistant Head of Financial Reporting or Assistant Head of Financial Accounting (Grade 7). Please indicate your preferred role in your application form.
The Financial Reporting team are responsible for production of the Departmental Group accounts, consolidating over 20 partner organisations with the Core Department. The Financial Reporting team also provide expert accounting advice to wider finance teams within the Department, providing information used to inform key decisions.
The Financial Accounting team maintain the integrity of the Department’s ledger, working with Financial Reporting team to ensure that the Department group accounts are prepared and provide accounting advice to the Department.
It is a great opportunity to play an important and active role in the production of the Departmental group accounts and build positive strong relationships with partner organisations and partnering with a variety of different teams. Line management responsibilities include both qualified accountants and non-qualified accountants. Strong leadership skills will be important to the role, as well as mentoring and coaching others within the team. We will provide you with the opportunity for a diverse, exciting, and worthwhile career. We promote training and development opportunities for everyone.
You will be entitled to the benefits of working for the civil service including flexible working and the option to join the civil service pension scheme. Along with 25 days annual leave, growing by 1 day for each year of service up to 30 days leave entitlement.
The successful post holder will be able to deliver at pace, whilst working together with Financial Reporting and Accounting team, partner organisations and the National Audit Office (NAO). They will make effective decisions in providing sound advice on the application of International Accounting Standards (as interpreted by HM Treasury), to ensure the Group Department's financial records are free from errors and the annual accounts are laid pre parliamentary recess.
Job description
Key responsibilities for Assistant Head of Financial Reporting will include
- Expert accounting advice under International Financial Reporting Standards (IFRS);
- Consolidation of over 20 partner organisations into the departmental group accounts;
- Ensuring that all the technical aspects of the accounts production process are consistent with HM Treasury guidance and specifically the requirements of the Financial Reporting Manual (FReM);
- Where appropriate, collaborate closely with HM Treasury colleagues on technical issues and cross Whitehall accountancy issues;
- Lead the team in providing audit evidence to the external auditors (National Audit Office);
- Engaging with the external auditors, the National Audit Office (NAO), to ensure that the audit process runs efficiently and effectively;
- Preparing accounts and financial statements for DSIT minor bodies.
- Engaging with the department shared service provider, UKSBS, to maintain the accuracy and integrity of its financial records;
- Engaging effectively with the Finance & Portfolio team, the Department and external Partner Organisations within the Group;
- Providing financial accounting advice and guidance to a variety of partners around the Department;
- Collaborating with the wider finance community within BEIS to mitigate accounting risks, working to mitigate these risks so that the Departmental Accounts are free of material errors;
- Compilation of the quarterly financial accounts;
- Production of the core Department Resource Accounts;
- Production of the Statement of Parliamentary Supply;
- Completion of the Whole of Government Accounts;
- Handle the sign-off of control accounts checks with UKSBS;
- Implement any financial accounting NAO and GIAA recommendations;
- Input to Partner Organisation Finance Director conference calls;
- Team Resource planning and capability development.
Person specification
A driven, collaborative colleague, with good attention to detail, the experience of working to tight timelines and the ability and communication skills to build strong working relationships at all levels across the DSIT family.
Passionate about great public services and delivering on the DSIT objectives.
Skills
- Fully qualified accountant (ACCA, ACA, CIPFA or CIMA);
- Strong problem solver;
- Effective communication skills;
- Strong technical accounting skills;
- Excellent Excel skills;
- Excellent Leadership and project management skills;
- Good Presentational skills; and
- Ability to work collaboratively with several teams.
Experiences
- International Financial Reporting Standards (IFRS);
- Preparing financial statements in a complex organisation, within government or outside of government;
- Experience of external audit cycles in Central Government / public sector set of accounts or private sector organisation.
Qualifications
- Qualified accountant; experience of managing or delivering a financial statement audit.
- Memberships
ICAEW/CIMA/ACCA/CIPFA/ICAS
Memberships
Behaviours
We'll assess you against these behaviours during the selection process:
- Leadership
- Delivering at Pace
- Making Effective Decisions
- Developing Self and Others
Technical skills
We'll assess you against these technical skills during the selection process:
- Double entry accounting question
Benefits
The Department for Science, Innovation and Technology offers a competitive mix of benefits including:
- A culture of flexible working, such as job sharing, homeworking and compressed hours.
- Automatic enrolment into the Civil Service Pension Scheme, with an average employer contribution of 27%.
- A minimum of 25 days of paid annual leave, increasing by 1 day per year up to a maximum of 30.
- An extensive range of learning & professional development opportunities, which all staff are actively encouraged to pursue.
- Access to a range of retail, travel and lifestyle employee discounts.
- A hybrid office/home based working model where staff will spend a norm of 40-60% of their time in the office (minimum of 40%) over a month with flex dependent on balancing business and individual need.
Things you need to know
Selection process details
As part of the application process you will be asked to complete a CV and personal statement.
Further details around what this will entail are listed on the application form.
Please use your personal statement (in no more than 500 words) to provide your skills and experience which match with the required key responsibilities described for the role.
Candidates will be sifted on behavioural statements, CV, and personal statement.
In the event of a large number of applicants, applications will be sifted on the lead behaviour statement Leadership. Candidates who pass the initial sift may be progressed to a full sift, or progressed straight to assessment/interview.
The interview will consist of behaviour, technical and strength-based questions.
Interviewees will be asked to deliver a presentation; further details will be provided nearer the time.
Expected Timeline subject to change
Sift dates: w/c 31st July 2023
Interview dates: w/c 7th August 2023
Interview Location: MS Teams.
Candidates are asked to note the above timetable, exercising flexibility through the recruitment and selection process.
Further Information
Reasonable Adjustment
We are proud to be a disability confident leader and we welcome applications from disabled candidates and candidates with long-term conditions.
We fully support adjustments throughout our recruitment process and we encourage candidates to discuss their adjustment needs by emailing the job contact which can be found under the contact point for applicants section.
We do not have an exhaustive list of adjustments that we support but just some examples include additional time to complete your application form, behaviour questions up to 72 hours prior to interview and having extra time at interview.
If you are experiencing accessibility problems with any attachments on this advert, please contact the email address in the 'Contact point for applicants' section.
If successful and transferring from another Government Department a criminal record check may be carried out.
New entrants are expected to join on the minimum of the pay band.
A location based reserve list of successful candidates will be kept for 12 months. Should another role become available within that period you may be offered this position.
Please note terms and conditions are attached. Please take time to read the document to determine how these may affect you.
Any move to the Department for Science, Innovation and Technology from another employer will mean you can no longer access childcare vouchers. This includes moves between government departments. You may however be eligible for other government schemes, including Tax Free Childcare. Determine your eligibility https://www.childcarechoices.gov.uk
DSIT does not normally offer full home working (i.e. working at home); but we do offer a variety of flexible working options (including occasionally working from home).
DSIT cannot offer Visa sponsorship to candidates through this campaign. DSIT holds a Visa sponsorship licence but this can only be used for certain roles and this campaign does not qualify.
In order to process applications without delay, we will be sending a Criminal Record Check to Disclosure and Barring Service / Disclosure Scotland on your behalf. However, we recognise in exceptional circumstances some candidates will want to send their completed forms direct. If you will be doing this, please advise Government Recruitment Service of your intention by emailing [email protected] stating the job reference number in the subject heading.
For further information on the Disclosure Scotland confidential checking service telephone: the Disclosure Scotland Helpline on 0870 609 6006 and ask to speak to the operations manager in confidence, or email [email protected]
Applicants who are successful at interview will be, as part of pre-employment screening, subject to a check on the Internal Fraud Database (IFD). This check will provide information about employees who have been dismissed for fraud or dishonesty offences. This check also applies to employees who resign or otherwise leave before being dismissed for fraud or dishonesty had their employment continued. Any applicant’s details held on the IFD will be refused employment.
A candidate is not eligible to apply for a role within the Civil Service if the application is made within a 5 year period following a dismissal for carrying out internal fraud against government.
Feedback
Feedback will only be provided if you attend an interview or assessment.
Security
Nationality requirements
This job is broadly open to the following groups:
- UK nationals
- nationals of Commonwealth countries who have the right to work in the UK
- nationals of the Republic of Ireland
- nationals from the EU, EEA or Switzerland with settled or pre-settled status or who apply for either status by the deadline of the European Union Settlement Scheme (EUSS) (opens in a new window)
- relevant EU, EEA, Swiss or Turkish nationals working in the Civil Service
- relevant EU, EEA, Swiss or Turkish nationals who have built up the right to work in the Civil Service
- certain family members of the relevant EU, EEA, Swiss or Turkish nationals
Working for the Civil Service
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).
Apply and further information
