SEO Insolvent Estates Accountant
Reference number
418423
Salary
£47,949
National: £47,949. London: £51,149 (only open to existing employees of the Insolvency Service).
A Civil Service Pension with an employer contribution of 28.97%
GBP
Job grade
Senior Executive Officer
Contract type
Permanent
Business area
Insolvency - Finance, Commercial, Sustainability and Property
Type of role
Accountancy
Finance
Working pattern
Flexible working, Full-time, Job share, Part-time
Number of jobs available
1
Contents
Location
About the job
Benefits
Things you need to know
Apply and further information
Location
Birmingham, Cardiff, Edinburgh, Exeter, Ipswich, Leeds, Manchester, Newcastle-upon-Tyne, Nottingham (Stratford and Croydon locations will only be open to existing employees of the Insolvency Service)
About the job
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!
Job description
The Insolvency Services (“White Paper”) Account provides a statement of receipt and payments and analysis of fund balances realised from insolvencies and bankruptcies. These funds, net of statutory fees, are then distributed to creditors.
The role will be responsible for the accurate production of this statutory account and the development and maintenance of reconciliations and assurance processes in support of its production.
All receipts and payments relating to insolvencies and bankruptcies are made from this account and supported by a case management system. You will work with colleagues from other parts of the agency to ensure the information held in systems reflects operational activity and can be reported accurately.
There is a close relationship with the agency’s own resource accounts and consequently you will work closely with colleagues who lead that activity. Your role is therefore critical to the successful delivery of the agency’s Annual Report and Accounts.
In addition the candidate will work closely with the National Audit Office through their external audit and sign off in line with the agency’s timescales.
Responsibilities
Provide financial information from the case management system, working with its associated stakeholders, to support the production of the White Paper Account
To undertake financial governance reviews of the processes within the case management system to identify risks around fraud and error, and take action to deliver process improvements
To lead on a number of key reconciliations of the White Paper Account, understanding the impacts for key stakeholders including the Official Receiver and associated legislation, Treasury Management (cash) and HM Treasury
Lead on the production of the White Paper accounts in accordance with legislation and HM treasury directions and ensuring all evidence and information is available to support the external audit of the accounts
Work closely with the rest of the Financial Accounting team to successfully produce the Agency’s Annual Report and Accounts on time and to quality standard, as well as ensuring that NAO Management Letter Points (MLPs) are addressed in a timely manner
Person specification
The successful candidate will have:
Strong technical and financial accounting skills and experience of applying them to outputs from case management systems.
Excellent written and verbal communication skills.
Strong understanding of account reconciliation and cash flows in complex financial regimes.
An ability to understand, interrogate and utilise reporting from case management systems with large volumes of transactions.
A highly organised individual; able to work independently, in a flexible way and respond to competing priorities and challenges.
Experience of line management.
The successful candidate must be a fully qualified member of a CCAB accountancy body or CIMA.
If candidates do not hold full membership then they must do so within 3 months of joining the agency if they are successful. This will be a condition of their employment.
Please note: This vacancy is advertised across 11 locations; however, Stratford and Croydon are only available to current Insolvency Service Staff. The advertised salary includes London weighting, which is only applicable to internal candidates.
Qualifications
Candidates must either have, or working towards, full membership of a CCAB accounting body or full membership of CIMA. If they are working towards membership, this must be completed with three months of joining the agency if they are successful and will be a condition of their employment
Memberships
Active membership with a CCAB or CIMA Qualification.
Behaviours
We'll assess you against these behaviours during the selection process:
Making Effective Decisions
Changing and Improving
Working Together
Delivering at Pace
Benefits
Alongside your salary of £47,949, Insolvency Service contributes £13,890 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
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 life