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Contents

  • Location
  • About the job
  • Benefits
  • Things you need to know
  • Apply and further information

Belfast, Birmingham, Cardiff, Darlington, Edinburgh, London, Salford

About the job

Job summary

The Department for Business and Trade (DBT) was created following the Prime Minister’s announcement on 7th February 2023. It is the Department for economic growth and support businesses to invest, grow and export, creating jobs and opportunities across the country. 

DBT’s scope is unique, 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 Accounting, Reporting and Control Team (FARCT) lead on the production of DBT’s financial accounts, DBT’s relationship with the National Audit Office (NAO), HMRC and providing advice on compliance with HM Treasury and Cabinet Office controls. The team are critical in establishing and embedding high quality financial accounting controls practices and processes in DBT, within and beyond the Finance team.

FARCT plays a critical role within the Department’s Finance and Business Services Directorate with responsibility for ensuring compliance with financial standards and best practice, delivery of statutory reporting, oversight of key financial controls, VAT compliance, cash management. It is a high-profile team which also provides advice on the accounting, budgetary and tax implications of new projects and programmes. 

The positions, which report to Senior Financial Accountants, will be expected to be flexible to take on varying roles in the team and will be exposed to all aspects of the Department’s financial accounting and reporting. You will be required to share your financial accounting expertise with stakeholders across the department and contribute to the assessment of business cases and investment decisions, to ensure both financial accounting and budgeting implications are clearly understood. 

FARCT are looking for five outstanding, self-driven and enthusiastic finance professionals with the required experience, skills, and personal qualities.

Job description

Responsibilities of the team:

  • Overall primary objective is to deliver the Annual Report and Accounts (ARA) and completion of the interim and final audit exercises each year.
  • Financial Reporting: Production of the Departmental Group accounts, consolidating over 19 partner organisations with the Core Department. Provide expert accounting advice and information used to inform key decisions to wider finance teams within the Department and partner organisations stakeholder management.
  • Financial Accounting: Maintain the integrity of the Core Department’s ledger, working across teams to ensure that the Department group accounts are prepared and provide accounting and technical advice to the wider Department.

Key Responsibilities:

  • Managing and quality assuring financial and non-financial information submissions, collected through the commissioning process at interim and year-end.
  • Contribute to the group consolidation, production of key statutory financial reports (including Whole of Government Accounts – WGA) and notes to the accounts.
  • Collaborating and working with the wider finance community, and over 19 external partner organisations to mitigate accounting risks so that the Departmental Accounts are free of material errors.
  • Building relationships and working closely with the audit (NAO, GIAA) team, managing the audit timetable, provision of audit evidence and sample requests to ensure successful laying of the accounts.
  • Managing the Client Liaison Schedule and overall accounts production timetable in line with group and parliamentary timescales.
  • Providing accounting advice under International Financial Reporting Standards (IFRS) and Government Financial Reporting Manual (FReM) guidance to a variety of partners around the Department.
  • Supporting the Senior Financial Accountant as an advisor for accounting matters (e.g., GL discrepancies) and making sure that all known accounting issues are dealt with in a timely and planned manner.
  • Preparing accounts and financial statements for DBT minor bodies.
  • Driving improvements to the accounts production process to ensure the Department’s accounts achieve best practice in complying with all current accounting and legal reporting obligations.
  • Line management of HEO grade staff.

Cash management:

  • Managing DBT’s process for forecasting cash inflows & outflows and working with UK SBS in managing DBT’s bank accounts reporting daily and monthly on Oscar – HM Treasury system.
  • Work closely with our shared services (i.e., UK SBS) on the day-to-day management of the Departments cash & banking.
  • Liaising with teams across DBT around the timing of their large payments and receipts.
  • Liaising with DBT’s shared services provider over daily payment runs and critical, emergency, and foreign payments, and the monthly departmental cashflow forecast to HM Treasury.
  • Forecasting and monitoring receipts and refunds/repayments for Consolidated Fund Extra Receipts income streams.
  • Liaison with Government Banking Service (GBS) and HMT cash management team and ensuring that the cash regulations are always adhered to.
  • Working with partner organisations on cash and banking matters.
  • Work with the senior management to develop and maintain the cash management policy/guidance.

Person specification

  • A credible and authentic leader, with the ability to communicate, engage and motivate people to deliver results
  • A dynamic, self- starter, with great attention to technical details and sound knowledge of public sector accounting
  • Experience of working to tight timelines
  • Excellent communication skills to build strong working relationships at all levels across the DBT family
  • You will be passionate about great public services and delivering on the DBT objectives
  • Have a strong accounting background
  • A CCAB qualification, with significant financial experience and focus on producing financial accounts and information through innovative solutions and application of IFRS
  • Driven, collaborative colleague, with good attention to detail. Able and willing to make difficult decisions and stand by them
  • Able to identify areas for improvement and take action to make appropriate and successful changes
  • Experience of working to tight deadlines and demonstrate the confidence, composure and credibility needed to challenge the way activities are delivered
  • Strong problem solver
  • Effective communication skills
  • Strong technical accounting skills
  • Excellent Leadership and project management skills
  • Ability to work collaboratively across teams

Essential criteria

  • Fully or part qualified accountant - CCAB (e.g., ACCA, ACA, CIPFA or CIMA) and If part qualified, you must be actively studying towards completing the accountancy qualification.
  • Ability to build trusting relationships with various stakeholders and work towards influencing them.
  • Experience of financial management and transactions, forecasting and budgeting.
  • Good written and verbal communication skills, including experience of communicating financial performance and management information to non-financial audiences.
  • Excellent Excel and presentation skills.
  • Experience of external audit cycles in Central Government / public sector set of accounts or private sector organisation.
  • Experience of Group Accounts consolidation and producing financial statements in a complex organisation within or outside of government and making sound accounting judgements.
  • Strong accounting skills (e.g. IFRS Application ability to accurately create accounting journals, identify the audit evidence required to support a transaction and perform General Ledger (GL) reconciliations).
  • Experience of using different Group Accounts preparation and consolidation systems e.g., Oracle Financials, EPM, CDM or similar systems.
  • Ability to work flexibly and respond positively to changing business needs.

Desirable criteria

  • Experience of government accounting regulations i.e., FReM and Managing Public Money.

Qualifications

Fully or part qualified accountant - CCAB (e.g., ACCA, ACA, CIPFA or CIMA) and If part qualified, you must be actively studying towards completing the accountancy qualification.

Behaviours

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

  • Leadership
  • Making Effective Decisions
  • Changing and Improving
  • Delivering at Pace

Benefits

Alongside your salary of £39,384, Department for Business and Trade contributes £10,633 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

  • You will have 25 days annual leave in your first year, and an additional day for each year of service (up to a maximum of 30 days after 5 years).
  • 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%

We recognise the challenges that people with (multiple) protected characteristics may experience on the job market and in their career progression. We are fully committed to being an inclusive employer and ensuring equal opportunities. We are keen to make our workforce as diverse as possible, and we hope to attract applications from underrepresented groups, including ethnic minorities, people with a disability, and people with gender diverse identities. 

Please refer to the attached candidate pack for further information on our benefits.

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 : Henry Ssemakula
  • Email : Henry.Ssemakula@businessandtrade.go.uk

Recruitment team

  • Email : dbtrecruitment.grs@cabinetoffice.gov.uk

Further information

Our recruitment process is underpinned by the principle of appointment on the basis of fair and open competition and appointment on merit, as outlined in the Civil Service Commissioners’ Recruitment Principles.

If you feel your application has not been treated in accordance with these principles and you wish to make a complaint, you should in the first instance contact DBT by email: Resourcing@businessandtrade.gov.uk.

If you are not satisfied with the response you receive, you can contact the Civil Service Commission, which regulates all Civil Service recruitment.

For further information on bringing a complaint to the Civil Service Commission please visit their web pages: Click here to visit Civil Service Commission/Complaints

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Confirmed 16 hours ago. Posted 8 days ago.

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