Financial External Reporting Manager

Government Actuary's Department

Apply before Midday on Thursday 17th October 2024

 

Details

Reference number

369752

Salary

£49,385 - £60,265
External applicants will start on the pay band minimum for the role appointed to, unless they can prove they have exceptional skills in line with the requirements of the role. Internal applicants applying on promotion will usually be appointed to the salary minimum or within 5% of existing salary. Standard pay rules apply for existing civil servants.
A Civil Service Pension with an employer contribution of 28.97%

Job grade

Senior Executive Officer

Contract type

Permanent

Business area

GAD - Finance and Operations

Type of role

Accountancy
Corporate Finance
Finance

Working pattern

Full-time

Number of jobs available

1

Contents

10 South Colonnade, Canary Wharf, London E14 4PU / Edinburgh Government Hub Queen Elizabeth House, Edinburgh EH8 8FT

Job summary

The Government Actuary's Department (GAD) is a non-ministerial government department that provides actuarial advice to other government departments and organisations in the public sector in the UK and around the world. Our mission is to support effective decision-making and robust reporting within government as the first-choice provider of actuarial and specialist analysis, advice and assurance. 

Job description

The finance team within GAD is small, but it has a broad and varied remit. The candidate will have the opportunity to be involved in a broad range of activities in a commercial organisation operating within government. This is an exciting time to join the organisation. We are setting out our strategy over the next five years, articulating our ambition and goals to continue to support the government and wider public sector. We are also planning our transition to a new finance system, which will not only bring benefits to the team, but impact the entire organisation, supporting decision making and transform the way we work. 

You will have the opportunity to use your existing finance skills and develop wider knowledge of GAD financial accounting and reporting, whilst gaining an insight into how our work supports the wider public sector. A key requirement of the role is a flexible approach, with an ability to adapt quickly to change and to work with colleagues across the wider team.

Person specification

Support the production of GAD’s Annual Report & Accounts including disclosure notes and contributions to the Annual Report 

  • Support the Head of Finance in producing the department’s interim and final accounts. Ensure that the accounts are delivered to timetable, and that they are of good quality.  
  • Coordinate the production of the Annual Report by liaising with the relevant individuals across the business. 
  • Manage relationship with auditors and manage implementation of agreed audit recommendations.  

Financial accounting  

  • Ensure GAD’s accounting policies are in line with HM Treasury’s Financial Reporting Manual (FReM). 
  • Supporting in the provision of professional accounting, budgeting and wider financial stewardship advice across GAD, improving financial awareness and assess the robustness of financial controls across the department. 
  • Assist the Head of Finance in developing and maintaining GAD’s financial control environment.  
  • Implement any new accounting standards with the support of the Head of Finance.  

HM Treasury reporting 

  • Ensure that HM Treasury reporting requirements, including the Main & Supplementary Estimates, Spending Reviews and Whole of Government Accounts (WGA), are delivered to quality and timescales.  
  • Oversee the submission of OSCAR data returns to HMT. Ensure that yearly disaggregation of budget is carried out effectively.  

Transition to new Finance System 

  • Support the implementation of a new finance system, assessing current processes and working with the finance and project teams to design ‘to be’ processes to ensure consistent and efficient ways of working in new system. 
  • Scope work required in finance team to prepare for implementation of new system including identifying new processes required. 
  • Build relationships with teams across the department to ensure there is strong engagement in the new solution and all team members are bought in to the change. 
  • Ensure there are regular updates for all stakeholders on project progress including any challenges and issues and plans to address these. 
  • Develop appropriate financial reporting for the wider business using the new finance system. 

 Management and development of direct reports 

  • Provide oversight to the finance operations teams (accounts payable and accounts receivable). 
  • Ensure that staff are actively managed and coached, and that development opportunities are pursued to increase the resilience of the team.  

Behaviours

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

  • Making Effective Decisions
  • Communicating and Influencing
  • Working Together
  • Delivering at Pace

Technical skills

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

  • Fully qualified accountant (CCAB or CIMA qualified) - Essential
  • Up to date IFRS and HM Treasury’s financial reporting manual (FReM) knowledge - Essential
  • Understanding of HM Treasury controls and HMT’s Managing Public Money - Essential
Alongside your salary of £49,385, Government Actuary's Department contributes £14,306 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
As well as competitive salaries, we offer a substantial package of benefits:

- Extensive talent, career and personal development
- 25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition we offer 9 days public and privilege days leave per year (pro rata for part time staff)
- Generous defined benefit Civil Service pension scheme
- Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave
- Access to employee assistance programme and occupational health
- Community volunteering programme, the opportunity to join a trade union, and discounted membership of local and national sports and social groups
- A working culture which encourages inclusion and diversity
- Salary advances for travel costs, including annual season tickets and cycle-to-work schemes
- Complimentary BUPA health check for permanent staff

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Strengths, Ability and Technical skills.

Application deadline: 1200 hrs on 17 October 2024
Shortlisting: 23 October 2024
Interviews: 30 October 2024 
Interview location: In office (London E14 4PU)
Please apply via our recruitment portal below.

As part of the application form process, please submit your CV and supporting statement. Please do not email your CV outside of this process as it will not be accepted.

Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role. Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed).

A reserve list will be held for a period of 12 months from which further appointments can be made



Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.
People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

  • UK nationals
  • nationals of the Republic of Ireland
  • nationals of Commonwealth countries who have the right to work in the UK
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
  • individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
  • Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

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).
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

  • Name : Recruitment Team
  • Email : recruitment@gad.gov.uk

Recruitment team

  • Email : recruitment@gad.gov.uk

Further information

The Government Actuary’s Department’s recruitment processes are underpinned by the recruitment principles of the Civil Service Commissioner, which outline that selection for appointment be made on merit on the basis of fair and open competition http://civilservicecommission.independent.gov.uk/civil-service-recruitment/ If you feel at any time your application has not been treated in accordance with the values in the Civil Service Code and/or if you feel the recruitment has been conducted in such a way that conflicts with the Civil Service Commissioner’s Recruitment Principles, you may make a complaint, by contacting recruitment@gad.gov.uk in the first instance. If you are not satisfied with the response you receive you can contact the Civil Service Commissioners.

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