Ofgem is Great Britains independent energy regulator. Our primary responsibility is to protect energy consumers, especially the most vulnerable, while at the same time working with government, industry and consumer groups to deliver a clean, more affordable and secure net-zero energy system at the lowest cost to consumers, and drive economic growth. Reporting to the Senior Financial Accounting Manager, you will play a critical role in the preparation and audit of the Ofgem Annual Report and Accounts. You will be responsible for delivering month end processes particularly in relation to the balance sheet, with accuracy, completeness and timeliness, and will use your financial accounting knowledge to ensure robust financial control across the organisation. You will coach and manage a small team, directing daily tasks. Key Responsibilities Financial Reporting: Undertake analysis, data collation and reporting to prepare the financial statements sections of the Ofgem Annual Report and Accounts in line with Government and statutory requirements. Facilitate the smooth running of the external annual audit cycle, acting as the key day-to-day contact point for all audit queries. Manage the Client Liaison Schedule to ensure all samples and required audit evidence is provided to the auditors by the required due dates; liaise with various stakeholders across Ofgem to address queries raised by the auditors. Lead on the preparation of Ofgems Whole of Government Accounts submission to HM Treasury, including establishing and seeking agreement of intergovernmental balances where necessary. Manage the balance sheet reconciliation process, ensuring accounts are reconciled and reviewed on a monthly basis. Lead on the management of Ofgems Fixed Asset Register (both tangible and intangible), ensuring additions, disposals and depreciation/amortisation are actioned on a monthly basis. Assist the Senior Financial Accounting Manager in managing Ofgems leases under IFRS 16, including liaising with the Ofgem Estates team to identify potential changes to leases, calculating the impact of these under IFRS 16. Lead the preparation of the monthly VAT return, ensuring VAT is reclaimed in line with HM Revenue & Customs Contracted Out Services headings. Feed into the production of Ofgems Spending Review and Supply Estimates process including budget requirements for IFRS 16 capital spend. Provide cover to the Cash and Accounts Receivables Manager in managing the cashflow forecast and submission of HM Treasury returns. Financial Control and Service Delivery: Contribute to the development of finance policies, guidance and training including losses and special payments, VAT and fixed assets. Provide Ofgem teams with accurate financial advice on accounting and financial procedures and policies to inform decision making and actions, in particular in relation to treatment and disclosure of transactions in line with IFRS and the Government Financial Reporting Manual, and VAT. Assist in developing and embedding a robust financial control environment for Financial Accounting, ensuring Standard Operating Procedures are in place with appropriate controls (e.g. segregation of duties) and sufficient monitoring tools are in place to highlight non-compliance and eliminate financial control weaknesses. Proactively identify opportunities and implement changes to promote continuous Provide task direction and line management to Financial Accounting Team members, prioritising tasks as required to meet deadlines and reviewing the work of the team. Develop, guide and coach team members. Build effective relationships with the Accounts Payables Team, Management Accounting Team, Finance Business Partners and other corporate services functions such as Payroll. Person specification Key Outputs and Deliverables Financial statements sections of the Ofgem Annual Report and Accounts are accurately prepared to timetable. Audit evidence and responses to audit queries are provided on a timely basis and satisfy the auditors requests. The Whole of Government Accounts submission is accurately prepared in line with HM Treasurys timetable. Month end processes are delivered including accurate VAT returns and fully reconciled balance sheet reconciliations including fixed assets and IFRS 16. Financial expertise and advice is provided to teams across Ofgem, in addition to guidance and training on relevant financial matters, in line with relevant policies and accounting standards. Role Criteria Essential: CCAB (or equivalent chartered accountancy qualification) - fully qualified or part qualified with only one final exam to complete. Practical experience in financial accounting. (Lead) Technical knowledge of IFRS accounting standards and an awareness of VAT, financial controls and audit requirements. Experience of line managing a small team and reviewing others work. Ability to work proactively, use initiative and prioritise against Strong interpersonal skills, customer focussed and experience of being the day-to-day relationship lead with a third party. Desirable: Knowledge of Government accounting including the Government Financial Reporting Manual and HMRCs VAT Contracted Out Services headings. Qualifications CCAB (or equivalent chartered accountancy qualification) - fully qualified or part qualified with only one final exam to complete. Behaviours We'll assess you against these behaviours during the selection process: Changing and Improving Making Effective Decisions Communicating and Influencing Delivering at Pace Technical skills We'll assess you against these technical skills during the selection process: You will also be asked to completea technical test.Full details of thetest will beincluded in the invitation to interview. Benefits Alongside your salary of 39,977, OFGEM contributes 11,581 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides. Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; hybrid working (currently 1 day a week in the office but this is kept under review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about. Things you need to know Selection process details This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience and Technical skills. When you press the Apply now button, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications. You will then be asked to provide a 1250 word personal statement evidencing how you meet the essential and desirable skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the essential and desirable skills and capabilities. The Civil Service values honesty and integrity and expects all candidates to abide by these principles. You must ensure that any evidence submitted as part of your application or used during interview, including your CV and any statements or examples, are truthful and factually accurate. Ofgem takes any incidences of cheating very seriously. Please ensure all examples provided are of your own experience. Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant applications will be withdrawn from the process. Please note that plagiarism can include presenting the ideas and experiences of others, or generated by artificial intelligence, as your own. Please refer to Civil Service candidate advice on the acceptable use of artificial intelligence within the recruitment and selection process - Artificial intelligence and recruitment, Civil Service Careers The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by [ https://www.cifas.org.uk/fpn ]. Feedback will only be provided if you attend an interview or assessment. Security Successful candidates must undergo a criminal record check. People working with government assets must complete baseline personnel security standard (opens in new window) checks. Nationality requirements This job is broadly open to the following groups: UK nationals nationals of the Republic of Ireland nationals of Commonwealth countries who have the right to work in the UK nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window) nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS) individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020 Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service Further information on nationality requirements (opens in a new window) Working for the Civil Service The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants. We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window). The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria. The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy. Diversity and Inclusion The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window). Apply and further information This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative. The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window). Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records. Contact point for applicants Job contact : Name : Lucy Dowding Email : recruitment@ofgem.gov.uk Recruitment team Email : recruitment@ofgem.gov.uk Attachments Terms and Conditions Apr25 Opens in new window (pdf, 335kB) Role Profile - Financial Accounting Manager Opens in new window (pdf, 112kB) Candidate Pack 417331 Financial Accounting Manager Opens in new window (pdf, 561kB)