Senior Finance Policy Adviser x2 (Range E)

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Finance
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HMT

About HM Treasury 


The Treasury is the United Kingdom’s economics and finance ministry. It is responsible for formulating and implementing the government’s financial and economic policy. Its aim is to raise the rate of sustainable growth, and achieve rising prosperity and a better quality of life with economic and employment opportunities for all.

 

About the Group


Public Spending Group
Public Spending Group sits within the HM Treasury Finance Ministry and is responsible for:


• Setting the Government’s spending plans (spending reviews) and ensuring they are delivered;


• Reporting to the public and Parliament on public spending (including estimates and Whole of Government Accounts); setting rules for budget management and the accounting framework;


• Setting policy on public sector pay and pensions;


• Driving up the capability of Government Finance  and developing the management information, tools and frameworks to better understand and ensure value for money; and,


• Working closely with the Cabinet Office to deliver the Efficiency Agenda. 

 

About the Team


The Financial Reporting Policy team sits within the Government Financial Reporting function. We are a team of 7 involved in projects providing financial reporting policy and spending risk advice to colleagues within HM Treasury and from across government.

 

We support colleagues in assuring financial management capability to develop innovative and practical solutions to policy initiatives. We consider and identify mitigating risk factors and put forward proposals to resolve implementation challenges.

 

We take the lead on the analysis of finance profession issues such as discussion papers and exposure drafts issued by the International Accounting Standards Board, the International Federation of Accountants, the Financial Reporting Council and the professional accountancy bodies.

We identify and drive forward initiatives to improve the quality of financial reporting. 

 

Using our knowledge of public spending financial reporting and spending control, we work collaboratively to ensure government spending is aligned with the requirements of the financial reporting framework and fiscal strategy.

 

Key accountabilities


1. Provide financial reporting, financial management and related public spending risk advice to different partners. Work with colleagues within HM Treasury, government departments and other partners to ensure spending remains consistent with government fiscal strategy.


2. Lead as an account manager and provide support and guidance on the public finance implications from across the different frameworks including financial reporting and budgeting/National Accounts) of spending decisions and policies. Support others to embed and improve decision making.


3. Build effective working relationships and links with colleagues from across government and our Relevant Authority counterparts.


4. Contribute to embedding the budgeting, parliamentary and accounting frameworks across government. Ensure we build the right incentives for spending control, value for money and accountability. This includes supporting and maintaining key guidance including the Financial Reporting Manual.


5. Lead the implementation of new accounting standards in the public sector. Collaborate with other Relevant Authorities on new standards particularly to ensure consistency for Whole of Government Accounts.


6. Lead on specific policy areas as part of our role to improve the quality of financial reporting across the public sector. You will have responsibility for leading the process, liaison with interested parties and implementation.


7. Identify and deliver areas of training need of the spending framework to colleagues across Whitehall and to international delegations when necessary.


8. Prepare and present papers to the Financial Reporting Advisory Board on behalf of HM Treasury. These will include public sector financial reporting issues and set out relevant implications of advice and analysis on public sector financial reporting.

 

Candidates shortlisted for interview will be assessed against the following criteria:
Behaviours (Seeing the big picture, Making effective decisions, Communicating and influencing, Working together, Developing self and others, Delivering at pace)
Strengths
Technical skills
Experience

 

Recruitment Timeline

 

Closing Date:   2nd March 2020   

Sifting Week Commencing 9th March 2020              

Interviews Week Commencing  23rd March 2020    

Start in Post (subject to security vetting) April 2020, subject to security vetting

 

 

 

 

 

 

 

 

 

 

Sift criteria


Candidates – Please note, you will be asked to give evidence in your application of how you meet these criteria.


Required Qualifications:
1. CCAB (or equivalent) qualified accountant


Required Behaviours, Experience and Technical Skills:
1. Experience of using your financial reporting, management accounting skills and strong understanding of  International Financial Reporting Standards (IFRS) in a complex business environment. Application of this knowledge to provide authoritative advice to colleagues, senior officials and other stakeholders.


2. Understanding of public sector financial reporting and the spending control framework. Ability to apply this knowledge to analyse a range of information to make decisions consistent with wider strategic priorities.


3. Ability to work independently and lead a busy workload adapting to changing priorities.


4. Ability to build strong and influential relationships with a wide range of stakeholders and adept at explaining complex concepts in an accessible way.


The lead criteria is: Number 1
If we receive a large number of applications, applications will be assessed against this criteria alone first. They will then be assessed against the other criteria if they have met the minimum score on the lead criteria.


Complaints Procedure


Our recruitment process is underpinned by the principle of recruitment based on fair and open competition with decisions made on the basis of merit, as outlined in the Civil Service Commissioners’ Recruitment Principles. If you feel your application has not been treated in accordance with these principles and you wish to make a complaint, you should in the first instance contact HMT by email: hrrecruitment@hmtreasury.gov.uk
If you are not satisfied with the response you receive, you can contact the Civil Service Commission, which regulates all Civil Service recruitment.

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