Job Description

Details

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Reference number

401887
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Salary

54,500 - 65,000
c 58,500-65,000 London; c 54,500-60,000 Durham, Lytham, Glasgow
A Civil Service Pension with an employer contribution of 28.97%
GBP
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Job grade

Grade 7
NS&I Band 4###

Contract type

Fixed term###

Length of employment

23 months###

Business area

NS&I - People and Finance###

Type of role

Accountancy

Corporate Finance

Finance###

Working pattern

Full-time###

Number of jobs available

1

Contents

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Location About the job Benefits Things you need to know Apply and further information

Location

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Durham, North East England, DH1 1SL : Lytham St Anne's, North West England, FY8 4TS : Glasgow, Scotland, G2 8JX : City of Westminster, London (region), SW1P 3BT

About the job

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Job summary

The NS&I finance function is a small, collaborative team at the heart of NS&I working to support the delivery of NS&I's strategic and operational objectives, whilst ensuring that the principles of good financial governance in the public sector are upheld. The Senior Financial Accountant, reporting into the Financial Controller, is a key role in both the finance team and the wider Department.


As NS&I's transitions to a multi-supplier model the role holder will have responsibility for providing expert technical accounting support and advice across NS&I with a particular focus on the transformation programme as it enters its delivery phase. The role holder will function as a subject matter expert performing technical accounting reviews to formulate complex accounting judgements and accounting policies.


The Senior Financial Accountant will also ensure that NS&I remains compliant with IFRS/ FreM reporting and the wider government finance and budgeting frameworks. The role holder is expected to monitor the latest accounting/regulatory guidance, deliver sound technical accounting advice in respect of these and lead in the implementation/adoption of any mandated requirements. The role holder shall also manage any technical accounting queries from across NS&I to resolution.


The role holder shall consult with external auditors and work collaboratively across NS&I to ensure that applicable accounting frameworks and regulatory guidance are being correctly applied in support of all aspects NS&I's statutory and regulatory reporting.

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Job description

Please see role profile for full list of responsibilities.###

Person specification

Essential experience

Extensive experience in financial accounting and reporting, including the application of IFRS, preparation of financial statements and notes to the accounts. Experience of authoring, updating and monitoring financial policies including extensive and up-to-date specialist knowledge of accounting standards and principles Ability to research technical accounting matters and prepare well written technical briefing papers and presentations. Ability to explain technical accounting requirements to executive and senior management, non-accountants and outsourced partners Track record of building influential and trusting relationships with key internal and external stakeholders to achieve results Proven ability to manage a team of professionals and work collaboratively, with a strong record of delivery. Experience of working in public sector financial accounting with a detailed understanding of the Central Government financial framework and strong knowledge of HM Treasury's "Managing Public Money."

Essential qualifications

Fully Qualified Consultative Committee Accountancy Bodies (CCAB) or Chartered Institute of Management Accountants (CIMA) with significant post qualification experience.

Essential skills

Excellent spreadsheet skills with Microsoft Office. Strong numerical, verbal and written communication skills.

Essential technical knowledge

Strong technical financial accounting skills including up-to-date knowledge of IFRS accounting standards and the ability to interpret and apply new and revised accounting standards to financial statements. ###

Qualifications

Fully Qualified Consultative Committee Accountancy Bodies (CCAB) or Chartered Institute of Management Accountants (CIMA) with significant post qualification experience.###

Behaviours

We'll assess you against these behaviours during the selection process:


Changing and Improving Communicating and Influencing Delivering at Pace Making Effective Decisions

We only ask for evidence of these behaviours on your application form:

Communicating and Influencing ###

Technical skills

We'll assess you against these technical skills during the selection process:


Strong technical financial accounting skills including up-to-date knowledge of IFRS accounting standards and the ability to interpret and apply new and revised accounting standards to financial statements.

Benefits

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Alongside your salary of 54,500, National Savings and Investments contributes 15,788 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 more than 24 million customers and over 218 billion invested. We are both a government department and an Executive Agency of the Chancellor of the Exchequer. Our origins can be traced back more than 150 years to 1861.


A small company with a big reach, we offer a range of benefits including 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:

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 97% 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

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Selection process details

This vacancy is using Success Profiles , and will assess your Behaviours, Experience and Technical skills.

Selection process

To apply, please click the link on this advert and follow the steps to complete the application form.


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 250 word personal statement on the key essential experience + Extensive experience in financial accounting and reporting, including the application of IFRS, preparation of financial statements and notes to the accounts.
+ Ability to research technical accounting matters and prepare well written technical briefing papers and presentations.
A 250 word statement for each selected behaviour at sift. + Please use examples from your experience and knowledge to demonstrate how you meet them addressing the essential criteria in the Person Specification. We would recommend using the STAR method.
A 250 word statement for each of the selected technical skills. + Strong technical financial accounting skills including up-to-date knowledge of IFRS accounting standards and the ability to interpret and apply new and revised accounting standards to financial statements.


We will assess applications on your CV, personal statement, Behaviour statements and Technical Skill statements


In the event we receive a large number of applicants, applications will be sifted first on the Personal Statement. Only those that meet the minimum acceptable score for this criteria will qualify for the full sift and be considered for interview.


If shortlisted, you will be invited to attend a 1 hour panel interview via video call.

Interviews will take place on 19th May 2025.

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 working in a hybrid way with colleagues expected to work in the office for 40% of their working month and this will be increasing to 60% of their working month in summer 2025. If you are applying to work in London, the role is currently based in Sanctuary Buildings, Great Smith Street, SW1P 3BT and in early 2025 it is anticipated that NS&I will be moving out of Sanctuary Buildings and into our new NS&I London office location, Riverside House, 2a Southwark Bridge Rd, London SE1 9HA.


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 of the role is higher, if you are successful, any salary increase will be at the discretion of NS&I and will be reviewed as part of the next annual pay review, in accordance with the NS&I employee handbook.


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

Successful candidates must undergo a criminal record check.
Successful candidates must meet the security requirements before they can be appointed. The level of security needed is counter-terrorist check .



See our vetting charter .
People working with government assets must complete baseline personnel security standard (opens in new window) checks.###

Nationality requirements

This job is broadly open to the following groups:


UK nationals nationals of the Republic of Ireland nationals of Commonwealth countries who have the right to work in the UK nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS) individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020 Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Further information on nationality requirements
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Working for the Civil Service

The Civil Service Code sets out the standards of behaviour expected of civil servants.



We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles .
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.###

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan and the Civil Service Diversity and Inclusion Strategy .

Apply and further information

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This vacancy is part of the Great Place to Work for Veterans initiative.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.###

Contact point for applicants

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Job contact :

Name : jobs@nsandi.com Email : jobs@nsandi.com
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Recruitment team

Email : jobs@nsandi.com ###

Further information

The law requires for selection for appointment to the Civil Service is on merit on the basis for fair and open competition as outlined in the Civil Service recruitment principles. If you feel your application has not been treated in accordance with the recruitment principles and you wish to make a complaint, you should contact jobs@nsandi.com in the first instance. If you are not satisfied with the response you receive, you can contact the Civil Service Commission info@csc.gov.uk