UK Research & Innovation
Salary: £56,745 per annum
Band: UKRI Band F
Contract Type: Open ended
Hours: Full-time (flexible working available)
Location: Polaris House, Swindon, Wiltshire - Hybrid working available (Min 2 days per week in the office)
Closing Date: 19 th October 2025
About the role
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.
Your responsibilities:
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 Stakeholder's expectations, writing & presenting papers at the Company's 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 & Moody's. 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.
* Liaison with industry and Government bodies that have oversight of loan operations including DSIT, UK Government Investments, HMT Government Debt Management Function and Subsidy Control. Forward looking industry intelligence gathering that impacts on future requirements and best practice standards.
* A full contribution to Financial Control Team as a member of the Financial Control Mangers team that reports to the Financial Controller. Display UKRI Finance professional behaviors to encourage a very positive working environment and motivate a high performing team.
Personal Specification
The below criteria will be scored during Shortlisting (S), Interview (I) or both (S&I).
Essential
* 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)
* Forward planning skills and resilience in challenging situations with a problem-solving aptitude to ensure high quality, compliant statutory accounts and supporting projects are delivered to a tight timetable. (I)
* Commitment to continuous improvement including delivery of projects relating to auditors' management letter recommendations to improve accounting information and enhanced compliance with accounting standards. Being comfortable working in a team of other professionals to deliver these projects on time. (I)
* Line management experience of at least small teams, displaying emotional intelligence, with the ability to motivate and enthuse the team in challenging situations. (S&I)
* Outward looking intelligence gathering of financial institutions and other Government lenders and credit risk specialists published disclosure so that high quality published accounts are delivered a timely basis that reflect developing best practice. (I)
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
Plus many more benefits and wellbeing initiatives that enable our employees to have a great work life balance!
For further information on our benefits please see:
Benefits of working at UK Research and Innovation (UKRI)
Please apply online, if you experience any issue applying, please contact Recruitment@ukri.org
Please note, if you will require sponsorship to work in the UK, as part of your sponsorship application, you and any dependants travelling with you, will be required to pay costs directly to The Home Office for the application before you start your role with us. UKRI is normally able to reimburse some, or all of these fees after you have become an employee and this can be discussed with the Hiring Manager. For more information, please visit https://www.gov.uk/skilled-worker-visa/how-much-it-costs or contact Recruitment@ukri.org .
UKRI - UK Research and Innovation
UKRI is an organisation that brings together the seven disciplinary research councils, Research England and Innovate UK. Together, we build an independent organisation with a strong voice and vision ensuring the UK maintains its world-leading position in research and innovation.
Supporting some of the world's most exciting and challenging research projects, we develop and operate some of the most remarkable scientific facilities in the world. We are pushing the frontiers of human knowledge through fundamental research and delivering benefits for UK society and the economy through world-class research, skills and business-led innovation.
More information can be found at www.ukri.org .
Choosing to come to work at UKRI means that you will have access to a whole host of benefits from a defined benefit pension scheme, excellent holiday entitlement, access to employee shopping/travel discounts and salary sacrifice cycle to work scheme. For more details, visit benefits of working for UKRI .
How we support EDI in the workforce
At UKRI, we believe that everyone has a right to be treated with dignity and respect, and to be provided with equal opportunities to thrive and succeed in an environment that enables them to do so. We also value diversity of thought and experience within inclusive groups, organisations and the wider community. For further information, please visit 'How we support EDI in the workforce'.
Disability Confident Employer
As users of the disability confident scheme, we guarantee to interview all applicants with a disability who opt into the disability confident scheme and meet the minimum criteria for the role. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
How to apply
Online applications only preferred for this role. Please submit a CV and covering letter which clearly outlines how you fulfil the criteria specified along with your motivation for UKRI and the role. Ensure that the job reference number is included in the filename description of each document uploaded. Note that failure to address the above criteria or submit an application without a covering letter may result in the application not being considered. Assessment will only be based upon the content of your submitted covering letter and CV and not the 'experience' section of the application.
UKRI seeks to ensure it creates and maintains a system of openness, fairness and inclusion - a collaborative, trusted environment, which is attractive to and accessible to everyone who is interested in developing their career with us.
The role holder will be required to have the appropriate level of security screening/vetting required for the role. UKRI reserves the right to run or re-run security clearance as required during the course of employment.