Head of Exchequer Funds and Accounts

**Details**:
**Reference number**:

- 376964**Salary**:

- £67,520 - £73,500- London: £70,520 - £73,500 / National: £67,520 - £70,500. This post attracts an Accountancy Allowance.- A Civil Service Pension with an employer contribution of 28.97%**Job grade**:

- Grade 6**Contract type**:

- Permanent**Business area**:

- HMT - Corporate Centre Group**Type of role**:

- Accountancy
Corporate Finance
Finance
Governance**Working pattern**:

- Flexible working, Full-time, Part-time**Number of jobs available**:

- 1Contents

Location

About the job

**Benefits**:
Things you need to know

Location
- This post can be based in London (1 Horse Guards Road), Norwich (Rosebery Court) or Darlington (Feethams House).About the job

**Job summary**:
**HM Treasury**

If you’re interested in making a difference to people’s lives, the Treasury can offer you an exciting opportunity to influence decision making that affects the whole of the UK. Working at the heart of government, we collaborate across government to promote responsible public spending and drive strong and sustainable economic growth.

Our work ranges from protecting customers through the regulation of the financial sector, helping to reduce carbon emissions and creating a greener economy, to promoting British trade around the world and supporting people across the country on jobs, growth and more.

We are part of the Darlington Economic Campus, a pioneering new cross-government hub which brings people together to play an active role in the most important issues of the day whilst working closer to the communities we serve. The campus provides the opportunity for people from all over the UK to help shape the future of the country, and our flexible working practices ensure you can collaborate effectively with our partners. It’s central government, made more accessible to you

**Job description**:
**About the Group**

The Corporate Centre Group delivers a wide range of corporate services to enable people at HM Treasury and many of the other organisations who form part of the Treasury Group (including the Government Internal Audit Agency and the Debt Management Office) to operate effectively and efficiently. We are a diverse group, both in terms of our professions and in our ways of working. Our colleagues are based across 3 sites in London, Darlington and Norwich.

The Corporate Centre Group consists of a range of teams and is led by two directors (one of Finance and one of Operations);
- Correspondence and Information Rights
- Finance & Commercial
- People & Capability
- Diversity, Inclusion & Belonging
- Treasury Business Solutions
- Multisite Darlington Economic Campus team
- Exchequer Funds & Accounts team

**About the team**

The Exchequer Funds and Accounts (EFA) team plays a fundamental part of the operation of government delivering a business-critical role for HM Treasury. It has responsibility for the management of the central Exchequer Funds involving the operation and accounting (including production of statutory accounts) for the National Loans Fund, Consolidated Fund and the Contingency Fund, and funding of all government departments. It manages the day-to-day issued gilts, International Monetary Fund transactions and issuing loans and taking deposits.

EFA has oversight of the accounts and governance assurance of the Exchange Equalisation Account (EEA), managed by the Bank of England on behalf HM Treasury.

EFA also manage the forecasting and monitoring of government cash flows (amounting to more than £2 trillion per annum) and leads on cross-government cash management policy.

EFA has approximately 20 staff based across the London office and the Darlington Economic Campus.

**About the job**

As Head of Exchequer Funds and Accounts, you will have a wide and varied role with responsibility for leading business critical areas within HM Treasury.

The system of annual reports and accounts is central to financial accountability in the public sector. It enables Parliament and the public to understand and consider the value for money offered by public spending and ensures Parliament can hold government to account.

You will play a key part in the accountability framework leading on the production of the four Exchequer central funds accounts ensuring high quality reporting and driving forward good practice. You will also lead on the production of the management information for the central funds ensuring that key financial controls have operated effectively for assurance to the Accounting Officers.

In addition, you will have responsibility for the oversight of the Bank of England’s management of HM Treasury’s gold and foreign currency reserves and the funding of Supply payments to government departments, standing service payments, Consolidated Fund receipts, pay overs and payrolls as well as daily management of gilts, IMF transactions, loans and deposits.

You will lead on policy advice relating to the central funds and will collaborate clo