Are you looking for an exciting role playing a key part in the accountability framework leading on the production of the four Exchequer central funds accounts ensuring high quality reporting and driving forward good practice? If so, we'd love to hear from you!
About the Team
The EFA team is crucial to the government's operation and plays a vital role for HM Treasury. It manages the central Exchequer Funds, including the National Loans Fund, Consolidated Fund, and Contingency Fund. Additionally, it handles the day-to-day gilts, IMF transactions, loans, and deposits.
EFA has oversight of the accounts and governance assurance of the Exchange Equalisation Account (EEA), managed by the Bank of England on behalf HM Treasury.
In addition, this position entails managing the forecasting and monitoring of government cash flows (amounting to more than £2 trillion per annum). Individuals with equivalent experience are also eligible to apply. Moreover, the selected candidate will be responsible for leading cross-government cash management policy.
About the Job
In this role, you will:
- Deliver the four central funds annual report and accounts, prepared according to International Financial Reporting Standards, meeting the financial accountability requirements of the public sector.
- Lead the production of the management accounts for the central funds accounts and ensuring that key financial controls have operated effectively and have oversight of the funds’ business continuity and risk function.
- Lead engagement with external auditors to agree appropriate accounting treatment including on new policy areas affecting the financial statements.
- Lead the funding of Supply payments to government departments, standing service payments, Consolidated Fund receipts, pay overs and payrolls as well as daily management of gilts, IMF transactions, loans and deposits.
About You
The ideal candidate should have a strong background in international financial reporting and accounting, specifically in the financial services sector or government funded organisations. They should be able to effectively communicate complex financial information and risks to collaborators, customers, partners, and team members. Additionally, they should have a proven track record of driving efficiencies, innovation, and automation in financial reporting processes. Lastly, they should be dedicated to leading and motivating a diverse and inclusive team to achieve ambitious objectives within tight deadlines.
Some of the Benefits our people love!
- Our annual leave policy includes 25 days off initially, with an increase to 30 days after 5 years. You can also enjoy 8 public holidays and the King's birthday, unless you are a current Civil Servant with a different agreement. Moreover, our flexible working hours allow for up to 2 additional days off per month.
- Flexible working patterns (part-time, job-share, condensed hours)
- Generous parental and adoption leave packages
- Access to a generous Defined Benefit pension scheme with employer contributions of 28.97%
- Access to a cycle-to-work salary sacrifice scheme and season ticket advances A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity
For more information about the role and how to apply, please follow the apply link.
If you require any accommodations for the selection process, please inform us in your online application or contact our recruitment team at hrrecruitment@hmtreasury.gov.uk
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