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Financial Reporting Manager

£50,500 per annum

Reports to: Financial Controller

Directorate: Corporate Services

Salary Band: D

Security Clearance: CTC

Financial Management: None

Management of People: None

Decision Making: Responsible for the management of controls within the finance team.

Job purpose

Responsible for producing IPSA's statutory financial statements, reporting to the Treasury and the associated reconciliations and financial accounts tasks, the Financial Reporting Manager supports the Financial Controller in overseeing the successful completion of period and year end reporting and maintaining strong financial controls.

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Job context

The role supports IPSA’s monthly and annual accounting processes and reporting, creating strong financial management, planning and control across the organisation and managing internal and external audits and liason with statutory and regulatory bodies including HMRC, Treasury and the House of Commons.

Key areas of responsibility

Managing the production of IPSA's Financial Statements including the timeliness and compliance with International Financial Reporting Standards of all notes to the accounts, aligned to best practice.
Supporting the Financial Controller in coordinating Audits, Annual Reporting, Financial Statements and Q1-4 Interim Reports.
Timely management review and reporting of issues to the Financial Controller, resolving satisfactorily.
Working with the Financial Controller and the National Audit Office to ensure that all IPSA Account matters are addressed.
Maintaining current technical knowledge (e.g. Financial Reporting Standards, Financial Reporting Manual, PAYE) to advise and support the Financial Controller to ensure that all MP and IPSA finances are appropriately administered, processed and monitored and are compliant with current financial procedures and internal controls.
Controlling delegated month-end activities, financial accounting system data, balance sheet cleansing, variance analysis and accounting procedures to ensure monthly and annual accounts meet audit scrutiny.
Reconciling payroll related balance sheet accounts including HRMC and Pensions.
Responsible for the Online System for Central Accounting and Reporting with cashflow forecasting to ensure future cash predictions of future cash requirements.
Increasing capability throughout the Finance team, providing advice and training on emerging accounting standards and developing relevant training materials for use across the organisation.
Play an active role in reviewing and improving core Finance processes and systems to improve the quality of financial reporting.
Work collaboratively with the Financial Controller to ensure smooth operation of month-end tasks, including reviewing and authorising transactions (MP and IPSA) for the various purchase and nominal ledgers.
Bringing IPSA’s core values of Staying Connected, Seeing The Bigger Picture, Being Open, Doing The Right Thing and Making A Difference to life through behaviours and actions.

Person specification

Professional qualifications and experience

Qualified CCAB or equivalent Accountant with minimum 2 years or more experience in the public sector
Sound financial control, management, planning, monitoring and reporting skills
Public sector and regulatory experience

Data and Analytical skills

Exceptionally strong attention to detail and strong data skills with the ability to interrogate and interpret complex financial data and translate into meaningful insights for others
Takes pride in the finance data to ensure it’s right first time every time

Achieves results

Able to manage multiple workstreams simultaneously
Able to work collaboratively and be accountable for achieving great results with others
Resilient and performs well under pressure, responding constructively to setbacks
Seeks continuous improvement of core processes and systems to improve the quality of the Finance team’s work, in particular financial reporting
Desire to improve financial awareness and acumen across the organisation

Interpersonal skills

Ability to challenge constructively
Adept at communicating complex and challenging financial information to people of all levels
Passionate about sharing knowledge to improve others financial awareness and acumen
Excellent communication skills, able to cultivate effective working relationships across the organisation
Ability to bring passion, energy and commitment to the Finance function
Strong coaching and feedback skills to help develop others

Self-management

Proactive and flexible self-starter, adapting quickly to changing situations and taking the initiative to respond to the needs and priorities of others
To be self-aware, recognising own limits, acting on feedback from others and knowing when to seek support and guidance
Flexibility to support ad hoc work across the organisation
High initiative and a flexible approach to work and change

Technical Competencies / Job specific competencies

Expert knowledge required in the following:

Qualified CCAB or equivalent Accountant with minimum 3 years or more experience in the public sector
Significant public sector and regulatory experience including central government finance principles and processes
Sound financial and balance sheet control, management, planning, monitoring and reporting skills and extensive knowledge of Statutory Accounts production.
Understands IPSA context – knowledge, understanding and able to interpret IPSA policies and how they relate to financial transactions
Ability to continuously improve IPSA’s processes and systems, particularly Finance
Ability to manipulate and interrogate large quantities of data.
Accuracy and attention to detail to all tasks, monitoring accuracy and attention to detail of others work
Excellent communication skills, written and verbal, with the ability to present to others
IT literacy (Outlook, Excel, Word, PowerPoint) and ability to work with large, complex and varied data

Knowledge, skills and experience

Graduate level and may possess a fully qualified professional qualification
Considerable relevant experience within area of responsibility or specialism
Possesses an understanding of the public sector and or the regulatory environment
Alternatively has deep technical specialist knowledge for a key area within a corporate function
May be the subject matter expert for their area

Scope of responsibility

Responsible for a specialist area or a broad programme
Uses depth of knowledge to inform and contribute to strategy for immediate area of responsibility
Inputs ideas to overall organisation strategy with respect to specialist area

Autonomy / Decision making

Works independently within a framework of policies and procedures, determining their own work plan
Will make operational decisions within policies and procedures, using knowledge and experience, but will refer upwards on more complex issues if necessary
Will be able to exercise judgement and deal with a reasonable level of complexity and non-routine issues

Resource management

May manage a small team
Alternatively operates in a stand-alone specialist role
Unlikely to have budgetary responsibility other than ensuring that project budgets are met
Unlikely to have any sign-off authority

Interfaces

Strong verbal and written communication skills
Will possess the skills to manage relationships effectively both internally with peers and the Senior Team and externally with MPs offices, service providers, contractors and the public
Maintains a level of personal credibility that ensures the reputation of the organisation is not put at risk

IPSA competencies

Working together: Team working, Communication

Leadership: Supporting teams

Planning and resource management: Good financial management, planning and monitoring, reporting

Managing myself: Taking personal responsibility.

Working to deliver: Achieving results, being accountable.

Strategy and Business Planning: Preparing for the future, being aware of future potential opportunities.