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Funding Assurance Officer

3 months ago

Swindon, Swindon, United Kingdom Innovate UK Full time

Details:

Reference number:

Salary:

- £31,931
Job grade:

  • Higher Executive Officer
    Contract type:
  • Permanent
    Business area:
  • IUK
  • Funding Assurance
    Type of role:
  • Business Management and Improvement
    Working pattern:
  • Fulltime
    Number of jobs available:
  • 1Contents
Location

About the job

Benefits:

Things you need to know

Location

  • SwindonAbout the job

Job summary:

Job Purpose:


At Innovate UK, project monitoring has two important purposes: to ensure appropriate management of public money; and to track and hold project partners to account for maximising the successes, outcomes and impacts of projects we support.

The focus of this role is on the first objective, working closely with those responsible for the second.

We particularly welcome female applicants as women are under-represented within Innovate UK in this type of role

Job description:

Key Responsibilities and Accountabilities:

  • Manage and deliver the financial review of project claims in a fastpaced dynamic environment including:
  • Detailed scrutiny of project partner financial claims and validation of supporting evidence to ensure compliance with Innovate UK and State Aid requirements
  • Ensuring claims adhere to the approved eligible costs
  • Checking Project Change Requests to ensure project costs and claims remain in line with compliance and eligibility requirements
  • Diligent scrutiny of all supporting information records (e.g. timesheets, invoices, goodsin notes, asset register), using appropriate investigative techniques with particular attention to identification of fraud
  • Conducting analysis of claim trends and behaviours together with reviewing spend profiles/forecasts to identify, understand and manage funding risks
  • Effective liaison with claimants to resolve issues identified through financial review by making pertinent enquiries and obtaining the evidence required
  • Timely engagement with relevant Innovate UK colleagues to review project claims holistically, identify or mitigate more complex issues and respond to information and evidence requests e.g. from the Counter Fraud team
  • Ability to escalate and clearly articulate a key summary of issues and possible mitigations for review/approval where needed
  • Contribute to and deliver process improvements as part of ensuring an efficient, effective financial claim review process, whilst working with other teams to ensure optimum endtoend processes for Innovate UK and our customers
  • Perform due diligence checks and project setup requirements as part of Project Finance Team to manage workflow in busy periods
  • Support other adhoc business requirements as necessary
  • This is not an exhaustive list and you might be encouraged to undertake any other duties across the wider directorate, commensurate with the Band and level of responsibility of this post, for which the post holder has the key experience and/or training._

Person specification:

Person Specification:

We are looking for someone with a positive 'can do' attitude as well as the following qualifications and experience.

Qualifications:

Essential

  • Educated to degreelevel or relevant equivalent experience
Desirable

  • AAT/CIMA/IIA part qualified or willingness to study towards

Experience:

Essential

  • Hands on experience of working within a processdriven, serviceorientated competitive procurement environment
  • Financial management and analytical review experience with focus on quality and attention to detail balanced with costeffectiveness
  • Experience articulating complex issues to nonexperts
  • Financial acumen and rigour with a healthy level of scepticism
Desirable

  • Audit experience
  • Knowledge and skills within aspects of Forensic accounting
  • Fraud awareness and understanding
  • Knowledge/awareness of State Aid regulations
  • Understanding of structure of government and key Innovate UK partner organizations such as the Research Councils and Devolved Administrations
  • Interest/background/experience in innovation or research, business competitiveness and technology policy or delivery

Skills:

  • Demonstrable analytical skills and attention to detail
  • Proven team working capabilities
  • Ability to manage workload and priorities in a fastpaced organisation
  • Professional skepticism and an inquiring mind to not accept things at face value
  • Selforganisation skills and a demonstrable ability to manage and prioritise own workload to meet tight deadlines
  • Strong presentation skills and an ability to engage an audience
  • Exceptional communication (both written and oral) skills, the ability or produce clear, concise and accurate presentations and written documents
  • IT literate, including managing data and maintaining audit trails and data integrity
  • A resilient approach and developed negotiation skills
  • Ability to manage often conflicting demands of multiple stakeholders whilst protecting the integrity and ownership of