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Salary
Civil Service Pension with an average employer contribution of 27%
Job grade
Contract type
Loan
Secondment
Length of employment
Business area
Type of role
Finance
Working pattern
Number of jobs available
Contents
Location
About the job
Job summary
NS&I are currently looking for a Financial Accountant – Product Accounts to join the NS&I Financial Control team and provide financial control and reporting for over £218 billion of customer investments. The role will report into the Financial Control Manager and the appointed person will work closely with our outsourced accounting operations provider (Atos) as well as a range of internal and external stakeholders, which include HM Treasury in respect of the National Loans Fund.
- As Financial Accountant – Product Accounts you will support the preparation of the statutory Product Accounts for presentation to Parliament with an unqualified audit opinion before summer recess, ensuring compliance with relevant accounting standards and government financial reporting requirements.
- You will provide high levels of assurance to senior NS&I managers on all products by performing reviews, analysis and financial assurance on the financial reporting and product accounting back office operations carried out by the outsourced accounting provider (Atos). In addition, you will ensure that effective financial controls remain in operation for all aspects of product accounting including having oversight of Treasury Management operations to provide assurance that funds flowing between the National Loans Fund and NS&I are properly managed.
This is an excellent opportunity to work across NS&I providing comprehensive support, advice and guidance in relation to the accounting and financial control framework for NS&Is retail savings products, whilst supporting robust value-adding decision-making and the delivery of NS&Is strategic objectives.
Job description
Person specification
Essential qualifications
- Qualified Accountant (CCAB) Consultative Committee Accountancy Bodies/CIMA with significant post qualification experience.
- Part Qualified Accountant (CCAB) Consultative Committee Accountancy Bodies/CIMA with significant appropriate experience.
Essential experience
- Experience of working in financial accounting, including experience of assisting with the preparation of year-end accounts and engaging with auditors.
- Experience in interpreting and applying new and revised accounting standards to financial statements.
- Experience of analysing, interpreting and explaining highly complex financial information in non-routine situations to senior managers and non-finance colleagues.
- Experience of identifying and managing risk and controls around financial systems and processes including identifying options for mitigation and improvement.
- Experience of financial controls and operating a financial control framework to ensure the integrity of transactions.
- Experience of managing own workload, and that of others, delivering multiple priorities within tight and often changing timescales.
- Proficiency in using Microsoft office, including advanced excel skills with excellent communication, report writing and presentation skills.
Essential technical knowledge and skills
- Financial accounting proficiency with up-to-date knowledge of IFRS accounting standards.
- Highly numerate with excellent financial analysis, investigative and problem solving skills.
- Good interpersonal skills with the ability to work effectively as part of a team and build effective relationships with colleagues and key stakeholders.
Behaviours
We’ll assess you against these behaviours during the selection process:
Benefits
£11,321 towards you being a member of the Civil Service Defined Benefit Pension scheme.
Find out what benefits a Civil Service Pension provides.
NS&I is one of the largest savings organisations in the UK with 25 million customers and more than £207 billion invested. We are both a government department and an Executive Agency of the Chancellor of the Exchequer. Our origins can be traced back over 150 years to 1861.
A small company with a big reach we offer a range of benefits to include flexible working, great opportunities for development and a generous pension scheme. We care for colleagues, respect one another, invest in our people and manage talent effectively.
Some benefits of working at NS&I include:
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- Learning and development tailored to your role
- An environment with flexible hybrid working options
- 9 day fortnight scheme
- A culture encouraging inclusion and diversity
- A Civil Service pension with an average employer contribution of 27%
- Generous annual leave starting at 25 days, increasing to 30 days
- Performance related variable pay bonus
- Enhanced Maternity, paternity, adoption and shared parental leave.
Things you need to know
Selection process details
To apply please click the link on this advert and follow the steps to complete the application form by 23:55pm on 17th September 2023.
In your application you will be asked to provide the following;
- An outline of your career history and qualifications with your key responsibilities and achievements.
- A Statement of Suitability (max 1000 words) focusing on your experience of the following key criteria and behaviours;
- Experience of working in financial accounting, including experience of assisting with the preparation of year-end accounts and engaging with auditors
- Experience of identifying and managing risk and controls around financial systems and processes including identifying options for mitigation and improvement.
- Experience of financial controls and operating a financial control framework to ensure the integrity of transactions.
- Changing and Improving
- Making Effective Decisions
Applications will be sifted on each of the key criteria in the statement as well as your employment history and the essential qualifications. If shortlisted you will be invited to attend a 1 hour panel interview via video call.
The interview questions will focus on all of the selected assessed behaviours listed above.
Interviews are planned to take place on the 2nd & 3rd October 2023
Note we are unable to accept CVs.
This role is subject to Baseline Personnel Security Standard and financial credit checks.
Reserve List
A reserve list may be held for a period of 12 months from which further appointments can be made.
Working for NS&I
NS&I is currently trialling a Hybrid Working Policy and colleagues are expected to work in their office location a minimum of 40% of their working month i.e. two days per week for a full time employee.
Any move to NS&I from another employer will mean you can no longer access childcare vouchers. This includes moves between government departments. You may however be eligible for other government schemes, including Tax-Free Childcare. Determine your eligibility at https://www.childcarechoices.gov.uk/.
If you are applying for a role at the same NS&I band as you are currently and the advertised salary is lower than your current salary, if you are successful and accept the role you will need to accept the role at or close to the advertised salary, which would involve your current salary being reduced.
Note to existing permanent employees at NS&I – Please be aware that if you are a permanent employee appointed to a fixed term role, our recruiting principles ensure you will retain your permanent status at the end of this contract. However, you are not guaranteed to return to your original role. At the conclusion of this fixed term period, you may be redeployed to another suitable role at NS&I, offered retraining or will be given priority mover status to find another role in the civil service.
NS&I employees on a fixed term contract moving to another fixed term role, will continue to be employed for a fixed term to the end date of this role. You may apply for suitable roles within NS&I or the civil service.
Further information
Please visit our website http://nsandi-corporate.com/about-nsi for further details about NS&I.
Feedback will only be provided if you attend an interview or assessment.
Security
Nationality requirements
Working for the Civil Service
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission’s recruitment principles (opens in a new window).
Apply and further information
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Contact point for applicants
Job contact :
- Name : HR Team
- Email : jobs@nsandi.com
Recruitment team
- Email : jobs@nsandi.com
Further information
