Role Overview
The NEST Finance team is split into the following areas: Business Partnering, Corporation Finance, and Pension Scheme Accounting.
The Corporate Finance Team is responsible for:
* The financial well-being of the company through effective budgeting, forecasting monitoring and reporting of all corporation finances
* Production of high quality monthly management accounts for budget holders and external publications relevant to the Corporation such as the Corporation Annual Report & Accounts (CARA)
* Developing and maintaining a culture of financial awareness and value for money across NEST
* Managing NEST Corporation’s funding arrangements
* Maintaining the accounts payable for the Corporation and processing payments for expenditure
* Accuracy of the corporation general ledger ensuring transactions are recorded in an accurate and timely manner and that routine finance reconciliations supporting the Corporation financial statements are completed
The Pension Scheme Accounting team is responsible for:
* Ownership of the scheme ledger ensuring all entries
* Production of high quality monthly pension scheme accounts and external publications relevant to the Nest Pension Scheme such as the Scheme Annual Report & Accounts
* Day to day ownership of the tax advisor relationship ensuring all tax relevant to the scheme is reclaimed where appropriate
Deliverables
* Analyse historic general ledger (GL) transaction reports to identify supplier invoices relevant to each VAT period
* Source PDF copies of invoices from internal systems (e.g. AP inbox, Finance Directory)
* Cross-check invoice details against transaction reports and enhance reports with relevant/additional invoice data
* Identify invoices subject to VAT Reverse Charge and annotate accordingly
* Organise and save pdf invoices in VAT-period-specific folders
* Compile summary reports for each VAT period to support recovery percentage calculations and VAT return preparation
Relationships & Autonomy
* Liaise with Corporation Finance and PwC to ensure accurate application of PESM
* Respond to queries from the Head of Pension Scheme Accounting and Scheme Accounts Manager
* Support the validation and submission of VAT returns to HMRC
Experience and technical skills
The employee will be able to demonstrate the following experience and technical skills:
* Knowledge and understanding of Accounts Payable processes and VAT principles
* Experience working with financial systems and GL reports
* High attention to detail and accuracy in data handling
* Proficient in Microsoft Excel and document management
* Ability to work independently and manage time effectively
* Experience in project-based finance roles or VAT recovery is desirable
Please download a full job description to see a full person specification and role responsibilities.
Flexible and agile working
Everyone's personal situation is different. To make the most out of hybrid working we've introduced different ways of working, which include (subject to role requirements):
* Hybrid of office and home working (there will be an expectation to attend the office, as required)
* Reduce or vary working hours
* Reduce or vary the days worked
* Work from home (or a different location)
* Work compressed hours
* Job share
Directorate/Department Overview
The NEST Finance team is split into the following areas: Business Partnering, Corporation Finance, and Pension Scheme Accounting.
Corporate Finance Team responsibilities
* The financial well-being of the company through effective budgeting, forecasting monitoring and reporting of all corporation finances
* Production of high quality monthly management accounts for budget holders and external publications relevant to the Corporation such as the Corporation Annual Report & Accounts (CARA)
* Developing and maintaining a culture of financial awareness and value for money across NEST
* Managing NEST Corporation’s funding arrangements
* Maintaining the accounts payable for the Corporation and processing payments for expenditure
* Accuracy of the corporation general ledger ensuring transactions are recorded in an accurate and timely manner and that routine finance reconciliations supporting the Corporation financial statements are completed
Organisational Overview
Nest is an award-winning workplace pension scheme, the largest in the country.
Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We’re committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.
Diversity, Equity and Inclusion
Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, belief, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, socio economic background, sex, sexual orientation, religion or race or any other legally protected status.
We also recognise the importance of diversity of thought and other forms of neurocognitive variation.
We are a level 2 Disability Confident Leader under the Disability Confident Scheme. As a Disability Confident Committed organisation, we’re part of the guaranteed interview scheme.
Please note that this advert may close early if we receive a sufficient number of satisfactory applications.
If you have any difficulty in sending your application or need the application pack in an alternative format, or you require any reasonable adjustments please contact careers@nestcorporation.org.uk.
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