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.
We’re really excited to be recruiting two Management Accountants to join our busy and friendly Finance team. This is a brilliant opportunity for someone looking to build their career in finance within the public sector. You’ll be playing a key role in making sure our financial data is accurate and reliable and that our month end processes run smoothly.
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!

JOB DESCRIPTION

The role sits within the Financial Planning & Analysis team within the Finance, Commercial, Sustainability and Property directorate.
As a Management Accountant, you’ll be right at the heart of our financial operations. You’ll be responsible for managing our financial data, implementing and maintaining robust controls to ensure the accuracy of our reporting outputs. You’ll also be key in getting our standard finance reports and dashboards out on time, and preparing essential financial returns for our parent department. An important part of the role will also involve maintaining and updating our indirect cost allocation model each month, which is crucial for understanding the full costs of our various activities. Working together with your counterpart, you’ll ensure a seamless approach to our financial management, sharing knowledge and achieving shared objectives.
You’ll have a genuine opportunity to influence and improve how we report and model our data, especially as we’re embedding multi year forecasting and working to develop unit costs - two big objectives for the team. You’ll be actively contributing to these exciting developments, partnering with the team to enhance our financial insights and reporting.
Beyond those core responsibilities, we’re committed to helping you grow and develop your career with us. We’re looking for candidates who hold a level 4 professional accountancy qualification or higher. If you haven’t yet completed a full professional qualification (such as CIMA or ACCA), we’re committed to helping you achieve it.
As a contractual obligation, you’ll be required to complete your CIMA (or equivalent) qualification within an agreed timeframe, with our financial support. This includes course and exam fees, and paid time off for your studies. This commitment is a key part of your journey with us, ensuring you have the tools and expertise to succeed.

QUALIFICATIONS

Candidates should hold a recognised Level 4 professional accounting qualification, such as the AAT Level 4 Diploma in Professional Accounting, or a relevant university degree in Accounting, Finance, or a related subject.

TECHNICAL SKILLS

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

• Interview Exercise

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

Key responsibilities:

• Undertake routine month-end activities in line with reporting timescales.
• Manage our financial data, ensuring robust controls are in place to mitigate the risk of errors.
• Maintain our indirect cost model and update monthly to support reporting outputs.
• Prepare and post a range of journals and accruals to the general ledger, such as the monthly pay file.
• Maintain a suite of Power BI based finance reports and dashboards.
• Prepare monthly finance returns for our parent department and other funding partners.
• Carry out detailed analysis of forecast data to provide insights and drive improvements to forecast accuracy.
• Support the Senior Management Accountant in delivery of outputs.

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