JOB SUMMARY

The Insolvency Service is a leading Government agency which plays a crucial role in providing essential services to the public and to business. The work we do is important to the proper functioning of markets, the economy in general and support for thousands of people each year who are in financial difficulty.
Inclusive and diverse teams are important to us. We welcome and encourage applications from everyone, including groups underrepresented in our workforce. The Insolvency Service strives to ensure that the agency is a safe, inclusive and welcoming place for everybody to bring their true self to work and to help the agency to achieve its diversity objectives. We have 10 active employee network groups available to join or become an ally, these include, Carers Network, Disability & Health, FACES Network Group, Grass Roots, LGBT+, Mind Matters, No Limits, Part Time Workers, The Shed, and Women’s Network Group.
We offer full-time, part-time, job share and flexible ways of working. We value capability, technical skills and experience and we place great emphasis on lifetime development to support our people. We encourage our employees to become more involved in areas they feel strongly about, whether it be for the benefit of the agency, though our Engagement network or in their own local communities via volunteering opportunities.
The Insolvency Service is a great place to work, learn and grow your career!
The Insolvency Service is seeking to recruit a Grade 6, Head of Core Finance in our Finance, Commercial, Sustainability and Property (FCSP) Directorate. The Head of Core Finance will work to the FCSP Director and will be responsible for jointly leading the Agency’s finance function alongside the Head of Strategic Finance, representing the interests of the function and financial management in the agency strategic decision-making, and supporting and driving change across the organisation.

JOB DESCRIPTION

The Head of Core Finance role will have consistent exposure to the Executive Leadership Team and Senior External Stakeholders with the successful candidate playing a leading role in the development and roll out of the agency’s finance strategy and will be pivotal in the sustainable management of finances in a very challenging and rapidly evolving operational environment. It will involve the ability to work at pace to support operational requirements that may emerge around major insolvency cases as a result of the wider economic setting.
The successful candidate will be responsible for the day-to-day leadership, management and development of the Core Finance senior leadership team.

MANDATORY QUALIFICATIONS

• The successful candidate must be a Fully Qualified CCAB or CIMA Accountant and member

QUALIFICATIONS

1. Fully qualified CCAB or CIMA qualified Accountant
2. CCAB or CIMA membership
   Please make it clear in your application which qualification you hold.

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)
• 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

RESPONSIBILITIES:

The responsibilities for the successful candidate for the role of Head of Core Finance will include:

• Oversee and manage the external audit engagement with all key internal and external stakeholders and report to Audit and Risk Assurance Committee and Insolvency Service Board to gain accounts endorsement and the ensure the safe laying of statutory accounts.
• Oversee and manage the provision of information and assurances to HMRC and DBT regarding all aspects of the Agency involvement in the National Insurance Fund audit and NIF ‘White Paper Accounts’. The successful candidate will be required to represent the Agency at the National Insurance Fund Accounting Board.
• Proactive engagement and clear advice and guidance to the Accounting Officer to ensure they are meeting their obligations under the four key Accounting Officer standards and to ensure compliance with HMT publications.
• Ensuring the maintenance and driving the improvement of the Agency’s compliance with the Finance and Debt Functional Standards. Collaboration with internal and external teams to build and maintain excellent relationships and maximise opportunities to improve.
• Oversee all aspects of Income Accounting and provide clear and accurate advice on income matters to decision makers, senior forums, our sponsor department and HMT.
• Ensuring the Agency has a Working Capital policy that is fit for purpose, a liquidity position that ensures the Agency has enough resources to safely conduct business, that the Treasury Management function has appropriate engagement with Government Banking Service, and adheres to the HMT cash management scheme requirements.
• Lead and support the Agency in all aspects of System Accounting including supporting the critical delivery of FCMC and the New Finance System Discovery Project

We want you to have a good work-life balance and want to support you in all that you do, so we offer a great benefits package including:

• flexible working arrangements and flexi-time
• full time new entrants to the Civil Service and those Civil Servants on modernised terms and conditions will be entitled to 25 days leave increasing on a sliding scale to 30 days after 5 years’ service
• in addition to this you are entitled to 8 public/bank holidays plus an additional day of privilege leave
• competitive maternity, paternity and parental leave
• 5 days paid leave for learning and development
• 5 days paid for volunteering
• a Cycle to work scheme
• staff have access to an employee assistance programme, Workplace Wellness, for confidential, independent support and advice during difficult times in either their professional or personal lif