Financial Controller, UK Export Finance, Grade SCS1
UKEF is the UK’s export credit agency and a government department, working alongside the Department for International Trade as an integral part of its strategy and operations. UKEF’s mission is to ensure that no viable UK export fails for lack of finance or insurance. UKEF helps UK companies win overseas sales, fulfil export contracts, and make sure that they get paid. UKEF works with over 70 private credit insurers and lenders.
Based in UKEF’s office in Whitehall and reporting into the Chief Financial and Operating Officer, the Financial Controller is responsible for overseeing the accounting and financial reporting requirements for UKEF operations.
Covering the Implementation of accounting policy, internal and external financial reporting, financial analysis and internal controls and procedures.
Managing a team of approximately 13 staff, the Financial Controller will work closely with representatives across all functions of the department as well as external key stakeholders including HM Treasury, UK Government Investments (UKGI), National Audit Office (NAO) and the wider HMG finance community.
The Financial Controller will provide strategic support to the Chief Finance and Operating Officer, ensuring sound financial management, regularity and propriety in the use of taxpayer’s money throughout the organisation.
You will lead a team of circa 13 and take responsibility for four key areas:
1. Financial Reporting
2. Financial Planning
3. Financial Control
4. People Management
• Overseeing and advising on the planning of the annual timetable in respect of Annual Report and Accounts, Whole of Government Accounts (WGA) and seeking agreement from all relevant stakeholders including the NAO, Audit Committee and other divisions internally.
• . Leading the production of the Annual Accounts (collaborating with UKEF’s Chief Executive’s Office on the annual report production) and Whole of Government Accounts to agreed timetables. Providing support, guidance and input to the Audit Committee in connection with yearend including the production of key year end papers. Working closely with all stakeholders including National Audit Office (NAO), HM Treasury (HMT) and internal stakeholders to an agreed timetable
• Leading on engagement with NAO, building and maintaining effective working relationships on behalf of UKEF including responding to audit queries and engaging and agreeing on accounting treatments.
• Provision of expert Technical Advice to the CFOO, the team, the wider business to ensure relevant application of the Financial Reporting Manual and International Accounting Standards.
• Identify and resolve key risks and issues associated with the production of the accounts and meeting the timetable. Liaison with other areas of the organisation to ensure that all other elements of the Accounts are identified, commissioned, delivered and incorporated in order to meet the timetable. Also ensuring that, (where required), reconciliations are in place between relevant sections of the Annual Report and Accounts.
• Ensure the Monthly Management Accounts production is delivered on time and to a high standard applying good practice to ensure monthly and annual reporting are fully aligned and consistent.
• Formal recognition, agreement and sign off of UKEF’s accounting policies and draft accounts format engaging early with NAO in order to agree adoption. Ensure accounting policies comply with the relevant accounting standards.
• Ensure accounting policies comply with the relevant accounting standards and manage and own the implementation of new accounting standards such as IFRS 17: Insurance Contracts as well as IFRS 9: Financial Instruments.
• Leading the provision of financial planning advice and data analysis to support strategic decision making, the evaluation of key financial risks and the setting of strategic objectives.
• Providing a business case service and sound financial management procedures for projects and programmes ensuring funds are used appropriately, in accordance with Managing Public Money and deliver Value for Money.
• Ensuring budget holders are supplied with MI and advice in a timely manner.
• Production of the Parliamentary Supply Estimates which are of a high standard and are delivered according to the agreed timetable.
• Leading on the production of a both timely and sound Operational budget in support of the annual operational plan.
• Leading, co-ordinating and presenting the quarterly rolling forecasts.
• Leading on the finance aspects of the Spending Review 2019 process and bid.
• Championing and embedding a strong internal control environment and ensuring FCD plays its role in ensuring there is a strong ‘second line of defence’.
• Ensuring there is adequate financial controls in place and advising stakeholders of good practice.
• Providing an effective financial control regime, with accurate forecasting and tracking.
• Ownership and responsibility of all Finance systems, processes and data.
• Coaching, inspiring and motivating others within the immediate team to identify ways in which systems and performance can be improved.
• . Demonstrating leadership, management and decision-making skills which promote the work of the finance.
• Ensuring staff have clear, moderated and challenging objectives that allow them to develop their skills and take responsibility for delivery.
• Critically reviewing staff performance, identifying areas for improvement and addressing under/poor performance.
• Talent Management, succession planning, Learning and Development of finance staff as well as ensuring any actions from the annual civil service survey are implemented.
This list is by no means exhaustive and the post holder may be required to undertake other duties to meet business need..
The successful candidate will be a qualified accountant and member of an appropriate professional body recognised by the CCAB.
What’s on offer?
Circa £100,000 + benefits.