Job details

IFRS 9 – Senior Accounting Analyst- (Inside IR35)

Contract Term: Initial 6 months – potential to extend to 2 years

Contracting Authority: UK Export Finance

Location: Hybrid – Candidate will be required to work from London Office – 2 Days per week

When it comes to exporting, having a great product or service is only half the story. Putting the right finance and insurance in place can make the difference, helping you to win contracts, fulfil orders and get paid.

UK Export Finance is the UK government’s export credit agency. We support exports for any size company and across all industries, from capital goods to services and intangibles like intellectual property. Our mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer.

As an IFRS 9 – Senior Accounting Analyst - (Inside IR35) your main responsibilities would be: 

• Providing technical accounting advice and guidance
• Building and developing Excel models performing accounting and modelling calculations
• Preparing UKEF’s Transition Accounts
• Designing and supporting new processes, controls, and Working Day Timetables (WDT)
• Designing, implementing, and testing the future state systems and solutions
• Supporting the wider FRC Programme

To succeed, you will be a high-performing, fully qualified accountant with excellent IFRS 9 technical
accounting knowledge and experience in implementing this standard. Exposure to the
implementation of IFRS 17 will be advantageous. The candidate will have a proven ability to deliver to
challenging timetables. You will be forward-thinking, able to understand and interpret complex
accounting standards (particularly IFRS 9) and assess the impact of their application, analyse financial
data, and communicate and present information to suit the needs of the user (all in a UKEF and
central government context).

You will be providing accounting advice and supporting the implementation of accounting policies.
You will be working with other experienced and qualified accountants and non-financial professionals
within a wider, supportive, and collaborative environment. You will work with and forge good
working relationships with colleagues across the department, including underwriters, claims
handlers, risk analysts and externally with auditors.

You will be a results-driven and ambitious team player who is able to work at a fast pace in a
pressurised environment, have excellent attention to detail and possess the ability to build productive
working relationships at all levels.

Main Activities

• Providing technical accounting advice and guidance and developing technical papers (where needed) in accordance with the UKEF governance requirements.
• Build and develop Excel spreadsheets to perform accounting and modelling calculations required to identify data gaps, validate systems outputs, and meet other Programme requirements.
• Support transition execution approach and plan, covering the opening balances and comparative financial statements.
• Support with Audit engagement requirements and responding to queries.
• Support the implementation of the FRC-related IT solutions (including the General Ledger, IFRS 17
  Calculation Engine and Sub-Ledgers), including any related processes and controls for end-to-end
  reporting.
• Support the Finance Function in testing activity, including ensuring testing issues are resolved on a timely basis.
• Support the development and implementation of the Accounting Rules, Chart of Accounts, ledger posting and IFRS 9 & 17 disclosures.
• Analyse the data inputs/outputs to/from the Calculation Engine and General Ledger, ensuring the outputs meet the reporting requirements, investigating any issues and recommending potential changes.
• Work closely with all stakeholders, including the FRC Delivery Partner, Auditors, and other internal and external stakeholders.
• Assist in ensuring that reporting solutions used across the Finance function are fit for purpose in the rollout of IFRS 9 and 17.
• Present or support presenters on financial reporting matters at training events.
• As appropriate, maintain a robust control environment in accordance with good practice and UKEF’s risk framework.
• Provide administrative, logistical, and other support as required to the FRC Programme.
• Other ad hoc tasks as required by the Project and FCD to ensure business readiness for IFRS 9 & 17 (e.g., GL data cleansing, resolving data issues, and supporting data migration)

We are looking for a self-driven and highly technical finance professional with knowledge and experience inIFRS 9 financial instrument accounting/reporting and strong expertise in data modelling and Excel.

Some exposure and experience with IFRS 17 will be advantageous. In addition, the individual should have strong analytical and communication skills, the ability to grasp new concepts quickly, and a keen attention to detail.
This role would suit a candidate with strong practical experience in financial reporting and day-to-day
experience in accounting for financial instruments (and related processes). Knowledge and experience of
insurance accounting would be useful.

The candidate should have a strong appreciation of controls and governance, be capable of working
independently in a fast-paced, multi-faceted environment and be enthusiastic about working collaboratively with a range of internal and external stakeholders

PLEASE NOTE:

Due to the urgent need to fulfil this role, the successful candidate must have active SC Clearance at the point of application

You will need to provide details of the following:

SC Clearance held by:

Date last used:

Expiry Date:

Essential

• Fully Qualified Accountant
• Direct IFRS Implementation experience
• Experience of Implementing accounting policies
• Stakeholder management and engagement experience
• Advanced Excel data modelling skills and experience

If this role sounds like something that you would be interested in, please click the link to apply or get in touch with Helen Hollywood at Helen.Hollywood@publicsectorresourcing.co.uk

DE&I commitment

UKEF guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group.

Armed Forces Covenant??? 

UKEF is proud to support the Armed Forces Covenant and as such, we guarantee to interview all veterans or spouses / partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex-military candidates / military spouses or partners, who meet all the essential criteria, we will interview the best candidates from within that group. 

If you qualify for the above, please notify us on PSRapplications@publicsectorresourcing.co.uk.

We will be in touch to discuss your suitability and arrange your Guaranteed Interview.

Should you require reasonable adjustments at any point during the recruitment process or if there is a more accessible way for us to communicate, please do let me know.

Should you require reasonable adjustments at any point during the recruitment process or if there is a more accessible way for us to communicate, please do let me know.

In applying for this role, you acknowledge the following, this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different.

Please be aware that this role can only be worked within the UK and not Overseas.