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Financial Accountant (Ref: 90291)

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance
  • Lincoln, +3

AI generated summary

  • You need expertise in International Accounting Standards, relevant government guidance, strong Excel and presentation skills, a Level 4 or equivalent qualification, and team leadership abilities.
  • You will produce quarterly financial statements, reconcile ledgers, review financial controls, address auditor queries, maintain stakeholder relationships, and prepare technical accounting papers.

Requirements

  • - Understanding of International Accounting Standards
  • - Understanding of all Govt guidance relevant to role e.g. FReM
  • - Presentation skills
  • - Drafting skills
  • - Excel skills
  • - Interrogation of technical systems
  • - Level 4 qualification with AAT, CCAB or CIMA or
  • - Qualified with CCAB, CIMA or equivalent or
  • - Working towards a qualification or
  • - Financial experience over an extended period.
  • - Ability to develop collaborative relationships with key stakeholders e.g. NAO, Finance Business Partners, Management Accounting
  • - Good coaching and leadership skills with the ability to manage a team, ensuring that staff are being developed and have the tools and support to deliver their objectives

Responsibilities

  • producing high-quality quarterly financial statements to challenging timescales
  • reconciling ledger balances on a monthly basis and making sure discrepancies are resolved in a timely manner
  • reviewing current systems and processes to ensure they incorporate the appropriate financial controls and that system documentation is accurate and up to date
  • answering queries from internal and external auditors and resolving issues raised in management letters
  • maintaining a strong working relationship with the NAO and other external stakeholders
  • preparing or contributing to technical accounting papers and presenting these to senior management
  • working with Business Partners and Management Accounting to better understand operational issues behind the financial information

FAQs

What is the main purpose of the Financial Accountant role at the Ministry of Justice?

The main purpose of the Financial Accountant role is to produce high-quality financial accounts for the MOJ Group and its agencies, ensuring compliance with FReM and HMT reporting standards, and to support the preparation and audit of annual accounts.

What qualifications are required for this position?

To qualify for this position, candidates should have a Level 4 qualification with AAT, CCAB, or CIMA, be qualified with CCAB, CIMA, or an equivalent, be working towards a qualification, or possess extensive financial experience.

What key skills are essential for this role?

Essential skills for this role include proficiency in Excel, understanding International Accounting Standards and government guidance, strong presentation and drafting skills, and the ability to effectively interrogate technical systems.

What types of behaviors are assessed during the application process?

The application process will assess the following Civil Service Behaviors: making effective decisions, delivering at pace, and communicating and influencing.

Is government financial accounting experience essential for this role?

No, government financial accounting experience is not essential; applications are welcomed from finance professionals without public sector experience.

What opportunities for progression are available in this role?

Staff in this role typically have opportunities to move into other SEO roles in wider finance or progress to Financial Accounting and Reporting G7 or wider finance G7 roles.

Are there any special allowances for fully qualified appointees?

Yes, a pensionable, non-contractual specialist allowance will be applied for fully qualified appointees, which is currently £1,500 for London-based staff and £2,500 for national staff.

Will training and development opportunities be provided?

Yes, the Ministry of Justice offers an extensive range of training and development opportunities, including support through their Apprenticeship Scheme for relevant roles completing finance qualifications.

How flexible are the working arrangements for this role?

The Ministry of Justice offers hybrid working arrangements where business need allows, blending working from the base location, different MOJ sites, and/or from home.

What is the salary for the Financial Accountant role?

The salary for the Financial Accountant role is £39,868, along with a contribution of £10,804 towards the Civil Service Defined Benefit Pension scheme.

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