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Financial Accounting & Reporting Lead

  • Public sector
  • Newcastle upon Tyne
  • 04/04/2025
  • £55,403.00 - £61,939.00 /yearly
  • Full Time & Permanent
Job expired!

Job Overview

Location

Newcastle upon Tyne

Job Type

Full Time & Permanent

Salary

£55,403 - £61,939 yearly

Date Posted:

04/04/2025

Expiration date:

04/05/2025

Additional Detail

Job ID

23828

Work Location

Remote and/or Onsite

Job Description

Newcastle-upon-Tyne

Job summary

In recognition of the hurt caused by the infected blood scandal and highlighted by the Infected Blood Inquiry, the government has accepted the moral case for a compensation scheme to pay compensation to those infected and affected. This is being delivered by the new Infected Blood Compensation Authority (IBCA).

This role offers a unique opportunity to lead on the production of IBCAs annual report and accounts and ensure the integrity of IBCAs financial activities. Youll drive the annual report and accounts, lead engagement with internal and external auditors, oversee policy and technical accounting, and ensure underlying information and ledgers are accurate.

Opportunities to move to the new Infected Blood Compensation Authority (IBCA).

At the moment all IBCA roles are hosted by Cabinet Office within the Civil Service. However, once IBCA becomes operational, it is anticipated that most of these roles will transfer to IBCA, which is a new Arms Length Body (ALB) separate from the Cabinet Office. Roles that transfer to IBCA from Cabinet Office will maintain the same or substantially the same terms and conditions of employment that are overall no less favourable. It is anticipated that employees who move from Cabinet Office to IBCA will be able to continue to participate in the Civil Service Pension arrangements with no break in their pensionable service. Roles commencing after IBCA has become operational will be with IBCA itself on similar terms and conditions. All successful candidates will receive full details of the terms and conditions of employment for their role with their formal job offer. Please note that the mission of IBCA means that it is likely to be operational for a period of approximately 5 to 7 years. When IBCAs work begins to wind down, IBCA employees will receive support and practical guidance to find a new role, whether in the Civil Service, another Arms Length Body (ALB), or an external employer.

Job description

The Financial Accounting & Reporting Lead in IBCA will report to the IBCA Head of Finance. You will be expected to take ownership for delivery of external reporting, including the annual report and accounts and audit process and manage internal audit engagements. Youll ensure integrity to the numbers and processes undertaken to reach them in a new organisation as it establishes itself, as well as providing technical expertise and updates to non-finance staff. This role requires an experienced accountant; someone proactive with an eye for detail, good at managing completing priorities and planning ahead, helping a wide range of stakeholders come together to deliver a complex project.

You will manage an SEO financial accountant and will work closely with the wider finance team. As such, the ability to manage others is key, as is supporting professional development. Managing a range of deliverables in a timely manner is essential. To support the organisation rapidly establish its processes and deliver to tight timescales, this role will from time to time require flexibility to assist with the wider finance deliverables.

Person specification

Supported by an SEO, you will be responsible for:

·        Leading the annual report and accounts (ARA) and audit, leading production within the organisation and with external stakeholders as required

·        Leading on defining and maintaining accounting policies and controls

·        Monitoring the position of material balances, including the provisions related to the compensation scheme.

·        Support organisational governance and work closely with the ARAC to provide required updates.

·        Manage internal audit processes, ensuring they are completed to required standards, liaising with relevant stakeholders to deliver a robust control environment.

·        Ensuring general ledger integrity

·        The provision of technical accounting advice

·        Correct capital determination and ongoing treatment

·        Collaborative working with sponsor department on Whole of Government Accounts submissions

 

Essential Criteria

·        Managing the accounts and audit process in a public sector context, ideally working in a newly established ALB.

·        Excellent communication skills, with experience of getting messages about complex accounting treatments across to diverse audiences.

·        Detailed knowledge of International Financial Reporting Standards and practical experience of their application and ideally detailed knowledge of the Government Financial Reporting Manual (FReM).

·        Demonstrable experience of managing and motivating others to deliver objectives and to continuously seek to improve processes, procedures and efficiency.

·        Highly competent use of IT packages.

·        Experience of developing strong and sustainable relationships with a range of internal and external stakeholders through a variety of communication channels.

·        Excellent organisational, time management and record keeping skills and the ability to multi task;

·        Ability to effectively prioritise and change focus to respond to emerging priorities under pressure.

Qualifications

You must hold a full chartered level professional qualification awarded by a UK-recognised accountancy body: CIMA, ICAEW, ACCA, CIPFA, ICAS and Chartered Accountants Ireland.

Behaviours

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

  • Changing and Improving
  • Delivering at Pace
  • Leadership

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

  • Changing and Improving
  • Delivering at Pace

Technical skills

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

  • Understanding of the accounting standards, including IFRS and ideally the FReM.
Alongside your salary of £55,403, Cabinet Office contributes £16,050 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
  • Learning and development tailored to your role.
  • An environment with flexible working options.
  • A culture encouraging inclusion and diversity.
  • A Civil Service Pension which provides an attractive pension, benefits for dependants and employer contributions of 28.97%.
  • A minimum of 25 days of paid annual leave, increasing by one day per year up to a maximum of 30.

Additional information:

A minimum 60% of your working time should be spent at your principal workplace. Although requirements to attend other locations for official business will also count towards this level of attendance.

Selection process details

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

Application process
At sift stage you will be required to complete a CV detailing your job history and a 500-word Statement of Suitability.

Please use your statement of suitability to (in no more than 500 words) to explain how you consider your personal skills, qualities and experience provide evidence of your suitability for the role, with particular reference to the essential criteria in the person specification section of the job advert.

You will also be required to complete two behaviour statements (250-words maximum) covering the behaviours Changing and Improving and Delivering at Pace.

Selection process
At interview you will be assessed on behaviours, technical skills and an experience question.

Reasonable Adjustment

If a person with disabilities is put at a substantial disadvantage compared to a non-disabled person, we have a duty to make reasonable changes to our processes. 

If you need a change to be made so that you can make your application, you should: 

Contact Government Recruitment Service via [email protected] as soon as possible before the closing date to discuss your needs. 

Complete the Assistance required section in the Additional requirements page of your application form to tell us what changes or help you might need further on in the recruitment process. For instance, you may need wheelchair access at interview, or if youre deaf, a Language Service Professional. 

Further information
If you are experiencing accessibility problems with any attachments on this advert, please contact the email address in the 'contact point for applicants' section.

In order to process applications without delay, we will be sending a Criminal Record Check to Disclosure and Barring Service on your behalf.

For further information on National Security Vetting please visit the Demystifying Vetting website.

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.

Please note terms and conditions are attached. Please take time to read the document to determine how these may affect you.

Any move to Cabinet Office 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 at: https://www.childcarechoices.gov.uk.

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

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.

 



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.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

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).
This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.
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 :

Recruitment team

Further information

Appointment to the Civil Service is governed by the Civil Service Commissions Recruitment Principles.
If you feel that your application has not been treated in accordance with the Recruitment Principles, and wish to make a complaint, then in the first instance you should contact Government Recruitment Service at: [email protected].
If you are not satisfied with the response that you receive, then you can contact the Civil Service Commission at: [email protected].
For further information on the Recruitment Principles, and bringing a complaint to the Civil Service Commission, please visit their website at: https://civilservicecommission.independent.gov.uk.

 
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