Job Description:Manage the delegated budget. Ensure compliance with finance and procurement policies. Provide procurement advice, Manage finances, assets and payroll reconciliation. Identify and gain agreement for measures to deliver budget efficiencies through either cost-savings, re-allocation of financial resources or external sourcing of services. Ensure regular review of expenditure take place. Assist and support budget holders to scrutinise their own budgets. Production of monthly, quarterly and annual financial accounts, forecasts and budgets as required.
Qualification:Part Qualified recognised CCAB qualification/equivalent or working towards one.
Experience Required:Understanding of regulations regarding VAT and personal tax Experience of Oracle accounting system Excellent knowledge of Excel functions.
As the UK Government works towards reducing public expenditure the FSA needs to improve its effectiveness and efficiency in meeting its strategic priorities with lower budgets. The FSA is expected to meet all of its expenditure targets from the 2010 and 2013 Spending Reviews. It now needs to focus on the longer term financial position and how it delivers its 2015-20 Strategic Plan, including protecting the consumer and its front-line services.
In order to meet this challenge the Accounting Team will be responsible for ensuring the accuracy and integrity of the management and financial reporting and the accounting system which underpins it. They will lead the process to collate the month-end results, budgets and forecasts working closely with the Finance Business Partnering function to ensure good financial management within the Directorates. They will build a constructive relationship with HMT and NAO providing timely and accurate financial information and FSA’s financial compliance.
During a period when public sector finances are under intense scrutiny and a drive to improve value for money, the Accounting team are responsible for:•Year-end published accounts for Westminster, FSA Scotland, FSA Wales, FSA Northern Ireland and consolidated accounts for the FSA •Whole of Government Accounts (WGA)•Financial controls and reconciliations•Cash management•Balance sheet management•Policy and oversight of the capitalisation, depreciation and disposal of non-current assets•Contact point for National Audit Office and FSA Internal Audit on Finance matters•Monthly Management Accounting and internal financial controls•Forecasts, Budgets, HM Treasury Reporting, Financial Planning•Audit liaison•Ad hoc financial analysis and business case reviewJob Purpose:The post holder will develop and maintain good working relations with external and internal auditors, and with staff in the devolved offices. He or she will manage the day to day external audit process at interim and final audit stage and provide assurance that audit expectations are being met by improving financial management and capability across the business. The post holder will be responsible for agreeing year and quarter end inter-government balances and the completion of the Whole of Government returns to HM Treasury.The post holder will ensure management reporting requirements are met through continuous review and development of current systems and processes. Key Responsibilities:Interim and Year End Accounts Management1.Develop effective relationships across the FSA to support co-ordination of accounts preparation and audit to ensure laying within the Treasury’s Faster Closing Timetable.2.Work with stakeholders across the business to co-ordinate actions and responses so as to provide assurance to auditors.Technical Knowledge3.Maintain up to date guidance and decision tools for the business to ensure compliance with HMRC’s VAT rules and capital accounting standards to broaden expertise and improve resilience. 4.Support the whole FSA to ensure the financial risks of the organisation are managed correctly e.g. non-current assets, ERG compliance, spend classification, R&D assessment.5.Maintenance of new Common Chart of Accounts in line with the new SOP, ensuring information is communicated to all users and systems updated to allow for accurate reporting.Improving Financial Capability6.Work with a range of business users including FBPs and managers to identify, influence and implement financial data and system reporting to meet their requirements and to accurately report against KPIs. 7.Use a variety of source information drawn from multiple systems to assess the effectiveness of the accounting process, making appropriate challenges and recommendations to assist the Head of Accounting in future planning, and to identify areas for team improvement. 8.Provide input and quality assurance in relation to business processes, identifying where IT systems may provide efficiency and / or improvements. 9.Contribute to the change process within Finance, Corporate Services and the wider agency initiatives to promote effective financial management. Monthly Management Accounts10.Provide support in the impairment, verification and relife processes as required.11.Produce depreciation forecast monthly to enable accurate forecasting.12.Support peers at month end to ensure postings completed accurately, in line with the month end timetable to allow for reliable SOFP. 13.Produce monthly Assurance Report, making sure emerging risks are identified and discussedWhole of Government Accounts (WGA)14.Reconciliations and agreement with OGDs of transactions and balances quarterly. 15.Produce and review the data collection return in line with HM Treasury’s timetable.Other16.Support Management Accountants in Systems Management and Reporting17.Knowledge of up to date financial accounting reporting requirements including IFRS and Annual Report and Accounts disclosures.18.Knowledge of Government Accounting and the principles of Managing Public Money.19.Observe the Agency’s Equal Opportunities Policies and Procedures with regard to all aspects of work.20.Maintain confidentiality of the Agency’s internal communications, records and commercially sensitive information and have a working knowledge of information security, Data Protection and Freedom of Information Acts.21.Observe and adhere to the Agency’s Health & Safety Policies and Procedures with regards to all aspects of work.Part C: Competency ProfileCivil Service Competencies Framework (Essential)1.Changing and Improving Have the ability to take a continuous improvement approach to all systems and structures to ensure mistakes are not repeated and lessons learned are implemented. Be open to new ideas and actively encourage them from a wide range of sources especially the Accounting Team and its customers. Be prepared to take managed risks, ensuring these are planned and the impact assessed and escalated for review and action planning. 2.Making Effective DecisionsMake decisions when they are needed, even if they prove difficult or unpopular specifically in relation to forecast expenditure such as non-current assets and depreciation.Identify a range of relevant and credible information sources and recognise the need to collect new data when necessary from internal and external sources. Invite challenge and where appropriate involve others in decision making to help build engagement and present robust recommendations.3.Collaborating and Partnering Establish effective working relationships with a range of stakeholders to ensure customer satisfaction and compliance with HM Treasury guidance and accounting standards.Readily share resources to support higher priority work, showing pragmatism and support for the shared goals of the organisation. Encourage collaborative team working within the Accounting Team through planned, effective team meetings where views and ideas are aired and actions noted.
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