In recognition of the hurt caused by the infected blood scandal and highlighted by the Infected Blood Inquiry (IBI), the government has accepted the moral case for a compensation scheme to pay compensation to those infected and affected. This is being delivered by the new Infected Blood Compensation Authority (IBCA).
This role offers a unique opportunity to help the organisation manage and report its financial performance. You’ll have the opportunity to get into the detail of the numbers, ensuring accurate ledgers are turned into crucial insights for decision makers each month, helping senior leaders deliver a successful compensation service. You’ll be producing reports to inform the most senior members of the organisation, and will have regular contact with all the operational decision makers.
Opportunities to move to the new Infected Blood Compensation Authority (IBCA).
At the moment all IBCA roles are hosted by Cabinet Office within the Civil Service. However, once IBCA becomes operational, it is anticipated that most of these roles will transfer to IBCA, which is a new Arms Length Body (ALB) separate from the Cabinet Office. Roles that transfer to IBCA from Cabinet Office will maintain the same or substantially the same terms and conditions of employment that are overall no less favourable. It is anticipated that employees who move from Cabinet Office to IBCA will be able to continue to participate in the Civil Service Pension arrangements with no break in their pensionable service. Roles commencing after IBCA has become operational will be with IBCA itself on similar terms and conditions. All successful candidates will receive full details of the terms and conditions of employment for their role with their formal job offer.
Please note that the mission of IBCA means that it is likely to be operational for a period of approximately 5 to 7 years. When IBCA’s work begins to wind down, IBCA employees will receive support and practical guidance to find a new role, whether in the Civil Service, another Arms Length Body (ALB), or an external employer.
The Management Reporting Lead in IBCA will report directly to the IBCA Head of Finance. You’ll lead all aspects of in year reporting, providing insight through regular management reports to boards and directors, and overseeing submissions due for Mains and Supplementary Estimates. You’ll work with the wider finance team to help directors understand their financial performance and help them capture robust forecasts, ensuring appropriate challenge and scrutiny to deliver overall value for money.
This is a key role that has regular exposure to senior decision makers and as such this role requires an experienced accountant who is confident in both presenting and challenging financial reports; someone proactive with an eye for detail, good at managing completing priorities, understanding and responding to stakeholder needs.
You will directly manage two SEO accountants, one focused on management accounting and one on finance business partnering. As such, the ability to manage staff is key, aiding their professional development; managing a range of deliverables in a timely manner is essential.
To support the organisation rapidly establish its processes and deliver to tight timescales, this role will from time to time require flexibility to assist with the wider finance deliverables.
Supported by an SEO, you will be responsible for:
· Lead the preparation, interpretation and presentation of in-year financial information into the monthly financial reports
· Lead the review with directorates of performance, looking at actual spend and helping them to build robust forecasts.
· Provide financial analysis and insight, through meaningful variance analysis commentary including risk management, mitigating actions, deep dives or financial modelling
· Ensuring income and expenditure ledgers are accurate and reconciled, and close working with the financial accountant to ensure balance sheet reconciliations are completed.
· Ensure the team delivers the month end activities in a timely manner and to the required standard
· Oversee key funding submissions, including Mains and Supplementary estimates and spending review updates.
· Oversee investment decision support and business partnering to directorates.
· Ensure delivery of a quality service through oversight of staff involved in the end to end purchase order process.
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