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About the job
Job summary
We are delighted to share that we are now hiring for a Senior Finance Analyst (Qualified) to join us in Commercial Finance at Department for Work and Pensions (DWP).
The Commercial Finance team is a small team with a broad reach, operating across critical commercial and procurement categories and projects, providing colleagues with financial guidance and support, before and during the life of critical commercial contracts.
As a team were responsible for providing financial support to major procurements projects and post contract award support, which includes Open Book analysis, supplier viability analysis, payment modelling, and financial strategy development.
The position of Senior Finance Analyst will be focused largely upon financial modelling, we are key in supporting different workstreams within the Commercial Finance team, currently, Employment, Health, and Estates.
Job description
Tell me more about the position
Youre a senior, trusted and expert voice on Commercial Finance. Youll provide specialist and strategic commercial finance advice to senior decision makers and ministerial advisors.
Our team supports over £6bn of public sector tenders. We help our customers in designing payment methodology for new procurement activity, drive the financial evaluation strategy, and leading in procurement dialogue and contract negotiations.
DWP is a huge organisation, and we have a complex stakeholder network. Youll collaborate with, and support senior stakeholders within Commercial, Operational and Policy communities. Acting as a business partner youll provide analytical insight and data-driven recommendations to them, with the commercial wisdom to challenge when needed, and help develop and implement our wider approach to commercial finance.
Career Development & Learning
Colleagues have joined us from a variety of backgrounds, sectors and specialisms; they enjoy the exposure and stretch opportunity this position provides.
Your learning, development and career growth journey doesnt end when you join DWP. Its just getting started. Everyone in DWP gets a guaranteed 5-days learning per year when they want to expand their accounting skills, and the reality is youll have access to as much learning as you want.
DWP Finance has a significant remit to implement the Governments welfare and economic growth so there is lots of opportunity to progress.
We have a highly supportive and collaborative finance and commercial community here youll be able to tap into that expertise through coaching and mentoring programmes and the collaborative nature of your work.
Person specification
The roles and responsibilities for this position include, but are not restricted to:
Financial Modelling
Youll be leading a small team of modellers and accountants. Youll standardise the approach to commercial finance modelling activities across DWPs major programmes including:
- Should Cost Models which are make or buy decisions, which in DWP is to deliver a service in-house or outsourced, in instances of outsourcing this is expected cost of procuring from an outside supplier.
- Pricing/Cost Models models to capture Bidders price offers, they are complex, and capture large datasets.
- Payment methodology and design working with operational colleagues to design robust and fair payment mechanisms to maximise successful outcomes, whilst managing risk and achieve value for money for the taxpayer.
- Model testing regimes some of our models will be in the public domain and subject to external scrutiny, it is essential that we design and operate a comprehensive testing regime so our models are the best they can be.
Analysis
We assess the financial health of our suppliers before and during contracts, to ensure the best value for money in our programmes, whilst minimising the risk of disruption to citizen critical services.
You will be managing/delivering financial analysis to support provider financial dialogue during major procurement activity and post contract negotiations. Providing critical financial insight to deliver ministerial intent and influence senior stakeholders.
Our work feeds into contract award decisions and impacts departmental funding requirements.
You will:
- Have a high level of analytical curiosity, coupled with the enthusiasm to investigate and deliver astute analysis.
- Bid Evaluations – we construct databases which can be made up of millions of data items to enable rapid analysis in short timeframes to support the financial evaluation process.
- What-If Analysis designing and running scenarios to identify the impact of contractual changes.
- Confident in presenting your analysis to stakeholders and going beyond the numbers to deliver a compelling narrative to inform board level decisions.
- Apply analytical insight to programs make evidence-based and data driven recommendations.
ESSENTIAL SKILLS
The application process will involve uploading a CV and personal statement. To be successful, you must demonstrate your experience matching ALL of the Essential Skills listed below. Further information under Application process.
What do we need to see from you?
To be successful in joining DWP Commercial Finance you should be able to demonstrate the following Essential Skills, as part of our application process:
- Hold a full chartered level professional qualification awarded by an IFAC recognised accounting body for example ACCA, CIMA, CIPFA or ICAEW, and to hold full membership of that body.
- Financial modelling experience, the ability to scope, design and build models in Excel (VBA experience is desirable) with practical experience of modelling complex transactions.
- Data analysis, creating bespoke analysis and comfortable going beyond the numbers to deliver a compelling narrative in a project related environment.
- Experience in developing new strategy and propositions to maximise commercial opportunities.
- Have strong leadership skills and experience of leading and developing individuals and teams effectively in delivery of complex procurement projects and programs across a diverse portfolio.
- Demonstrate previous experience of working collaboratively across a range of stakeholders at all levels, using appropriate communication and influencing skills, with the confidence to challenge and manage stakeholder expectations.
Qualifications
Benefits
Pay, benefits and culture
Youll join us in one of our brilliant DWP hub locations of Birmingham, Blackpool, Glasgow, Leeds, Newcastle, Manchester or Sheffield.
Our team loves the ability to balance their life and their work, with flexible hours, flex-friendly, hybrid working (some time in the office, some time at home) and lots more. Flexi-time policy means that at those times when you might need to work longer to get the job done, you build up flexi-credits that you can use to start later or finish earlier or take extra days off.
Our teams are friendly and supportive the work we do is important, but your life, health and happiness come first.
In return for your skills, we offer salary range of £56,230 – £67,492 p.a., an attractive civil service pension with employer contributions of over 27% into a defined benefit pension scheme and a generous leave package of 25 Days, rising to 30 Days over time.
We also have a broad benefits package built around your work-life balance which includes:
- Flexible working and family friendly policies
- Volunteering and charitable giving
- Discounts and savings on shopping, fun days out and more
- Interest-free loans to buy a bike or a season ticket, so its even easier for you to get to work and start making a difference
- Sports and social activities
- Learning and development, including coaching, mentoring, progression opportunities and guaranteed 5-days formal learning per year.
- And lots more
- A Civil Service pension with an average employer contribution of 27%
CLICK APPLY for further information and to start an application on Civil Service Jobs.
Things you need to know
Selection process details
Please apply on the Civil Service Jobs website. As part of the application process you will be asked to complete:
- Provide personal information.
- Enter your CV in the space provided, setting out your employment history.
- Complete a personal statement (maximum of 1250 words) which should demonstrate how you meet ALL the essential skills as set out in the job description.
Further details around what this will entail are listed on the application form.
Stage 1 Assessment – Sift:
At sift, we will assess your application by using your CV and personal statement only. To be successful, you must demonstrate your experience matching ALL of the Essential Skills listed in the job advert above.
Stage 2 Assessment – Interview:
If you are successful at the sift stage, you will be invited to a video interview using MS Teams, we will assess your relevant experience against the essential skills mentioned above.
Candidates invited to interview, will also be expected to deliver a 5 minute presentation will also be expected to deliver a 5 minute presentation to the interview panel during the interview. The presentation will be 5 mins plus up to 5 mins for questions. Slides will be allowed, and the topic of the presentation will be given to those invited to interview ahead of the interview being held.
Indicative Timeline:
Please note that the following dates are only indicative at this stage and could be subject to change. If you are unable to meet these time frames, please let us know in your application.
- Application closing date is 15th October 2023.
- Sifting Panel: to be held from w/c 16th October 2023.
- Final Panel Interviews: to be held from w/c 30th October 2023.
Further Information
Find out more about Working for DWP
Successful candidates will be posted to a specific role and will have the opportunity to express a preference as part of the selection process, although final decisions may come down to business need, and the skills and development needs of candidates. Standard promotion rules will apply, and successful candidates will be placed on the pay scale and terms and conditions of DWP.
Postings
Successful candidates will be posted in merit order based on your location preferences and the geographical requirements of the business.
A reserve list may be held for a period of 6 months from which further appointments can be made. Reserve list candidates will be posted in merit order by location.
Successful candidates will be posted to a specific role and will have the opportunity to express a preference as part of the selection process, although final decisions may come down to business need, and the skills and development needs of candidates. Standard promotion rules will apply, and successful candidates will be placed on the pay scale and terms and conditions of DWP.
The roles available will be based in:
Birmingham 3 Arena Central, Bridge Street, Birmingham B1 2AX
- Birmingham, 3 Arena Central, Bridge Street, Birmingham B1 2AX
- Blackpool Peel Park, Brunel Way, Blackpool FY4 5ES
- Glasgow, Atlantic Quay, Glasgow G2 8SP
- Leeds Quarry House, Quarry Hill, Leeds, West Yorkshire, LS2 7UA.
- Manchester 2 St Peters Square, Manchester, M2 3AA.
- Newcastle Benton Park View, Newcastle-upon-Tyne, NE98 1BA.
- Sheffield Hartshead Square, Sheffield, South Yorkshire, S1 2FD.
Some travel may be required, but individuals circumstances will be taken into account.
Places for Growth and Social Mobility
As part of the Places for Growth Programme, we are committed to delivering a more geographically diverse Civil and Public Service that will better serve the public and ministers.
As part of this initiative, we are continuously reviewing how we recruit into each location.
A reserve list may be held for a period of 6 months from which further appointments can be made. Reserve list candidates will be posted in merit order again by location.
Any move to DWP 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.
Hybrid working
This job role may be suitable for hybrid working, which is where an employee works part of the week in their DWP office and part of the week from home.
This is a voluntary, non-contractual arrangement and your office will be your contractual place of work. The number of days that anyone will be able to work at home will be determined primarily by business need, but personal circumstances and other relevant circumstances will also be taken into account.
If you are successful, any opportunities for hybrid working, including whether a hybrid working arrangement is suitable for you, will be discussed with you prior to you taking up your post.
Any move to DWP 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 successful and transferring from another Government Department a criminal record check may be carried out.
In order to process applications without delay, we will be sending a Criminal Record Check to Disclosure and Barring Service/Disclosure Scotland on your behalf. However, we recognise in exceptional circumstances some candidates will want to send their completed forms direct. If you will be doing this, please advise Government Recruitment Service of your intention by emailing Pre-EmploymentChecks.grs@cabinetoffice.gov.uk stating the job reference number in the subject heading.
For further information on the Disclosure Scotland confidential checking service telephone: the Disclosure Scotland Helpline on 0870 609 6006 and ask to speak to the operations manager in confidence, or email Info@disclosurescotland.co.uk
New entrants are expected to join on the minimum of the pay band.
Applicants who are successful at interview will be, as part of pre-employment screening, subject to a check on the Internal Fraud Database (IFD). This check will provide information about employees who have been dismissed for fraud or dishonesty offences. This check also applies to employees who resign or otherwise leave before being dismissed for fraud or dishonesty had their employment continued. Any applicants details held on the IFD will be refused employment.
A candidate is not eligible to apply for a role within the Civil Service if the application is made within a 5 year period following a dismissal for carrying out internal fraud against government.
Before applying for this vacancy, current employees of DWP should check whether a successful application would result in changes to their terms & conditions of employment, e.g. mobility, pay, allowances. Civil Servants that would transfer into DWP from other government organisations, following successful application, will assume DWP’s terms & conditions of employment current on the day they are posted, unless DWP has stated otherwise in writing.
The Civil Service values honesty and integrity and expects all candidates to abide by these principles. Please ensure that all examples provided in your application are taken directly from your own experience and that you describe the examples in your own words. Applications will be screened and if evidence of plagiarism or copying examples/answers from other sources is found, your application will be withdrawn. Internal DWP candidates may also face disciplinary action.
Reasonable Adjustment
At DWP we value diversity and inclusion and actively encourage and welcome applications from everyone, including those that are underrepresented in our workforce.
We consider visible and non-visible disabilities, neurodiversity or learning differences, chronic medical conditions, or mental ill health. Examples include dyslexia, epilepsy, autism, chronic fatigue, or schizophrenia.
If you need a change to be made so that you can make your application, you should:Contact Government Recruitment Service via DWPrecruitment.grs@cabinetoffice.gov.uk as soon as possible before the closing date to discuss your needs.
Complete the Reasonable Adjustments section in the Additional requirements page of your application form to tell us what changes or help you might need further on in the recruitment process. For instance, you may need wheelchair access at interview, or if youre deaf, a Language Service Professional.
If you are experiencing accessibility problems with any attachments on this advert, please contact the email address in the ‘Contact point for applicants’ section.
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).
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Contact point for applicants
Job contact :
- Name : Steven Wilson
- Email : commercialdirectorate.recruitment@dwp.gov.uk
Recruitment team
- Email : dwprecruitment.grs@cabinetoffice.gov.uk
Further information
