Description
Key Responsibilities:List duties and responsibilities including (experience, skills and Knowledge):
Interim and Year End Accounts Management
1. Develop effective relationships across the FSA to support co-ordination of accounts preparation and audit to ensure laying within the Treasury's Faster Closing Timetable.
2. Work with stakeholders across the business to co-ordinate actions and responses so as to provide assurance to auditors.
Technical Knowledge
3. Maintain up to date guidance and decision tools for the business to ensure compliance with HMRC's VAT rules and capital accounting standards to broaden expertise and improve resilience.
4. Support the whole FSA to ensure the financial risks of the organisation are managed correctly eg non-current assets, ERG compliance, spend classification, R&D assessment.
5. Maintenance of new Common Chart of Accounts in line with the new SOP, ensuring information is communicated to all users and systems updated to allow for accurate reporting.
Improving Financial Capability
6. Work with a range of business users including FBPs and managers to identify, influence and implement financial data and system reporting to meet their requirements and to accurately report against KPIs.
7. Use a variety of source information drawn from multiple systems to assess the effectiveness of the accounting process, making appropriate challenges and recommendations to assist the Head of Accounting in future planning, and to identify areas for team improvement.
8. Provide input and quality assurance in relation to business processes, identifying where IT systems may provide efficiency and/or improvements.
9. Contribute to the change process within Finance, Corporate Services and the wider agency initiatives to promote effective financial management.
Monthly Management Accounts
10. Provide support in the impairment, verification and relife processes as required.
11. Produce depreciation forecast monthly to enable accurate forecasting.
12. Support peers at month end to ensure postings completed accurately, in line with the month end timetable to allow for reliable SOFP.
13. Produce monthly Assurance Report, making sure emerging risks are identified and discussed
Whole of Government Accounts (WGA)
14. Reconciliations and agreement with OGDs of transactions and balances quarterly.
15. Produce and review the data collection return in line with HM Treasury's timetable.
Other
16. Support Management Accountants in Systems Management and Reporting
17. Knowledge of up to date financial accounting reporting requirements including IFRS and Annual Report and Accounts disclosures.
18. Knowledge of Government Accounting and the principles of Managing Public Money.
19. Observe the Agency's Equal Opportunities Policies and Procedures with regard to all aspects of work.
20. Maintain confidentiality of the Agency's internal communications, records and commercially sensitive information and have a working knowledge of information security, Data Protection and Freedom of Information Acts.