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Principal Finance Specialist

2 months ago

Edinburgh, Edinburgh, United Kingdom Department for Energy Security & Net Zero Full time

Position Overview

Are you seeking a role where your contributions can lead to significant change? Do you aspire to be part of a governmental body that shapes pivotal policy decisions affecting the UK and beyond? If so, a position with the Department for Energy Security and Net Zero (DESNZ) may be the right fit for you.

At DESNZ, we are dedicated to ensuring the UK's sustainable energy future, reducing energy costs, and tackling inflation. We are embracing the challenges of Net Zero to pioneer new green industries and promote enhanced energy efficiency throughout the UK. The department's mission is more relevant than ever, and by joining us, you will play a crucial role in this endeavor.

Our work is diverse, engaging, and most importantly, impactful. Our core values—Boldness, Collaboration, Inclusivity, and Continuous Learning—are integral to our operations. We are committed to fostering a culture where every individual can excel.

We provide excellent employment benefits, including a top-tier pension plan, flexible working arrangements, and a commitment to your professional growth and development. We take pride in being a Disability Confident Leader employer, offering support to candidates requiring adjustments throughout the recruitment process.

The Civil Service is devoted to attracting, retaining, and nurturing talent from all backgrounds. For more information, please refer to the Civil Service People Plan and the Civil Service Diversity and Inclusion Strategy.

Role Description

The Financial Accounting and Reporting team at DESNZ is in search of a distinguished finance professional to fill the role of Senior Executive Officer (SEO) Financial Accountant. This position is vital within the finance division, necessitating teamwork to produce the Departmental Core accounts and deliver accounting expertise to support the Department.

This role offers a remarkable opportunity to influence the creation of the Departmental accounts and establish robust relationships with stakeholders. The Financial Accounting and Reporting team operates within the Efficiency, Corporate & Reporting function of the Finance Directorate, assisting the Core Department and its Partner Organizations with all financial accounting and reporting matters, including the preparation of the Department's Annual Report & Accounts.

The Financial Accountant will aid the team in managing the Core Department's ledgers, preparing the accounts, and contributing to the Annual Report & Accounts and the audit conducted by the National Audit Office (NAO).

Key Responsibilities:

  • Oversee and maintain elements of the Core Department’s general ledger and financial statements.
  • Collaborate effectively with the broader finance team and Finance Business Partners.
  • Ensure that all technical aspects of the Core Department accounts production align with HM Treasury guidance and the Financial Reporting Manual (FReM).
  • Provide expert accounting advice in accordance with International Financial Reporting Standards (IFRS) and guidance on new and existing Departmental activities.
  • Work closely with HM Treasury colleagues on technical matters and cross-government accounting issues as needed.
  • Engage with external auditors, the National Audit Office (NAO), to facilitate an efficient audit process.

Skills and Experience:

All roles within the Financial Accounting and Reporting team represent the overall team. The ideal candidate will be capable of delivering results promptly while collaborating with various colleagues and stakeholders, recognizing the importance of maintaining the integrity of the organization’s ledgers.

The successful candidate will possess experience in applying accounting standards (as interpreted by FReM) to ensure the Department's financial records are accurate and that the annual accounts are submitted within designated timelines.

The candidate should be a motivated, collaborative team member with a keen eye for detail, adept at working under tight deadlines, and possess the communication skills necessary to foster strong working relationships across the DESNZ family.

Essential Skills:

  • Experience with International Financial Reporting Standards (IFRS).
  • Familiarity with finance systems and associated reporting tools.
  • High proficiency in MS Excel.
  • Experience in transactional accounting, including general, purchase, and sales ledgers.
  • Ability to utilize MS Excel for data analysis to identify and resolve discrepancies.

Technical Skills (to be assessed during the interview):

  • Proficiency in creating double-entry journals accurately.

Desirable Skills:

  • Experience in preparing or auditing financial statements or assisting in the process.
  • Understanding of the Oracle system, including its operating environment, such as EPM and CDM.

Qualifications:

Full or Part Qualified Accountant

Behaviors:

We will evaluate you against these behaviors during the selection process:

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

We only request evidence of these behaviors on your application form:

  • Delivering at Pace

Technical Skills:

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

  • Double-entry bookkeeping

Benefits:

In addition to a competitive salary, the Department for Energy Security & Net Zero contributes significantly towards your membership in the Civil Service Defined Benefit Pension scheme.

The Department offers a comprehensive array of benefits, including:

  • A flexible working culture, encompassing job sharing, remote work, and compressed hours.
  • Automatic enrollment into the pension scheme, with an average employer contribution of 27%.
  • A minimum of 25 days of paid annual leave, increasing by one day per year up to a maximum of 30 days.
  • An extensive range of learning and professional development opportunities, which all staff are encouraged to pursue actively.
  • Access to various retail, travel, and lifestyle employee discounts.

Office Attendance:

The Department operates a discretionary hybrid working policy, allowing for a combination of working hours from your workplace and from home in the UK. The current expectation for staff is to attend the office or non-home-based location for 40-60% of the time throughout the accounting period.