Financial Control Manager
£56,745 gross per annum
UKRI Band F
Full Time
Polaris House, Swindon (Hybrid Working) (Min 2 days per week in the office)
Closing date: 19th October 2025
Job Overview
Innovate UK Loans Limited (IUKL) exists to deliver the Innovation Loans programme as part of Innovate UK and UK Research and Innovation (UKRI)s commitment to fostering business-led innovation.
The financial reporting manager for Innovate UK Loans Limited works with multiple teams within UKRI to support both the Group Financial Controller and the Innovate UK Loans company in creating compliant statutory accounts. Liaising with operational, wider finance and cross governmental teams this role encompasses knowledge of financial accounting and wider financial control to ensure best practice.
Key Areas of Accountability:
Financial Reporting Manager for Innovate UK Loans Company with responsibility for:
Ensuring high quality, compliant statutory accounts are signed off by the Company's auditors on a timely basis. This includes management of Stakeholders expectations, writing & presenting papers at the Companys Board and Audit and Risk Committee.
Management of the Financial Reporting team & the IFRS 9 & IFRS 13 compliant expected credit loss and fair value models including liaison with NAO, GAD & Moodys. This includes problem solving & continuous improvement.
Technical accounting & financial instrument expertise including the ability to explain complexity to senior experienced and non-expert audiences in succinct, understandable terms. This includes advice and support for new types of lending and changes to loans contractual terms that have accounting treatment consequences. Liaison with stakeholders and expert insight into loan & portfolio operations and credit risk teams processes and management information.
About You
The below criteria will be scored during Shortlisting (S), Interview (I) or both (S&I).
Experience & knowledge:
Around 5 years post qualified accounting experience preferably with a financial institution financial reporting team; or a Government body accounting team with financial instrument holdings; or a larger audit firm with exposure to financial instruments audits. (S)
Technical accounting and financial reporting experience and aptitude, with a working knowledge of IFRSs for Financial Instruments & Fair Values (IFRSs 7, 9 & 13). (I)
Ability to explain complexity both in written formats & in person to a wide range of stakeholders including senior management, Governance Committees and other technical specialists and colleagues within the Group. (S&I)
Experience in working with internal and external financial models, preferably in credit risk applications. (S&I)
To view the full job description please click apply and visit our careers page
Benefits
We recognise and value our employees as individuals and aim to provide a favourable pay and rewards package! We are committed to supporting employees development and promote a culture of continuous learning! A list of benefits below;
* An outstanding defined benefit pension scheme
* 30 days annual leave in addition to 10.5 public and privilege days (full time equivalent)
* Employee discounts and offers on retail and leisure activities
* Employee assistance programme, providing confidential help and advice
* Flexible working options
Please click here for more details on theBenefits of working for UKRI UKRI
How to Apply
Applicants are required to provide an up-to-date CV and a cover letter outlining their suitability for the role. Further information on how to apply is listed on our careers page.
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