Applications must be submitted by: 06-01-2025
Vacancy for Senior Finance Business Partner
This role is part of the Innovate UK (IUK) Finance Business Partner team which performs a range of reporting and control functions, but fundamentally will be responsible for positioning finance to work with the business and link all activity to the delivery plan, communicating the importance of Finance to Innovate UK staff at all levels – presenting insightful information to stimulate longer-term thinking.
Note:
This advert will close on the 5th January 2024 at 23.59pm. Title:
Senior Finance Business Partner Band:
UKRI Band F (UKRI Ts & Cs) Salary:
£56,745 gross per annum Reports to:
Deputy Director – Risk & Governance Location:
Swindon (Hybrid Working) Contract:
Permanent Innovate UK recognises the importance of work-life balance, and we will be happy to discuss any requests for flexible working arrangements. Job Purpose: This role is part of the Innovate UK (IUK) Finance Business Partner team which performs a range of reporting and control functions, but fundamentally will be responsible for positioning finance to work with the business and link all activity to the delivery plan, communicating the importance of Finance to Innovate UK staff at all levels – presenting insightful information to stimulate longer-term thinking. This role will provide Finance support to the Products and Services Investment (Innovation Finance) Directorate and be specifically focused on Innovate UK’s Innovation Loans programme, Investor Partnerships and other Non-Grant Products. Therefore, we are seeking an individual with the skills and experience to help us achieve this balance of financial insight and analysis, strategic financial advice and statutory compliance in the context of an unregulated lending business. Key Responsibilities and Accountabilities: Creation of Financial and Business Performance Information in conjunction with IUKL data and insights team to report to SLT, Committees and Board to inform decision making and ensure resources are managed within allocations. Develop, manage and maintain exceptional working partnerships with senior managers, Directors and stakeholders across Innovate UK providing strategic financial advice. Assisting in the development of Innovate UK Investment strategy and spending review process by evaluating financial options/scenarios, impacts, potential risks and solutions. Liaise with UKRI Central and DSIT to ensure reporting is submitted on time and the financial risks of managing a loan book are understood. Ensure compliance with HMT Loans Financial Framework, agree allocations across multiple budget categories and complete Supplementary Estimates. Support IUK Management reporting Team to ensure Innovation Finance forecasting, variance analysis and submission of risks and opportunities are aligned and understood. Closely work with budget holders to advise on available funding across all budget categories (Financial Transactions, OpEx, RDEL (ringfence and non-ringfenced, AME). Support on budgeting and accounting treatment for the development of new innovation finance products. Knowledge of technical accounting for financial Instruments and ability to work closely with colleagues in the financial reporting team to analyse future budget implications based on current levels of credit provisions and fair value adjustments. Keep up to date and familiar with the latest requirements in the Consolidated Budgeting Guidance and the relevant accounting standards to feed into the process. This is not an exhaustive list and you might be encouraged to undertake any other duties across the wider directorate, commensurate with the Band and level of responsibility of this post, for which the post holder has the key experience and/or training. Shortlisting criteria (S) – Assessed at shortlisting (I) – Assessed at interview (S&I) – Assessed at both shortlisting and interview. Person Specification: Experience & Qualifications: Essential – Qualified Accountant (ACA/CIMA/ACCA/CIPFA) or Qualified by Experience. Competent IT skills, including knowledge of Microsoft Office, in particular Excel (S). Understanding of financial controls (S). Experience of month and year-end processes and reporting, such as accruals and prepayment calculations and variance analysis (S). Preparation of budgets, forecasts, and financial plans (S). Experience of working as part of a wider business, consulting with many stakeholders, showing an understanding of business priorities and working with partners to meet organisational and financial objectives (S&I). Experience in provision of written and oral advice suitable for senior level decision makers (S&I). Understanding of Financial Instruments and IFRS 9 and 16 (S&I). Familiar with requirements in the Consolidated Budgeting Guidance for Financial Transactions (S). Skills & abilities: Ability to build relationships with a variety of stakeholders. Line management skills. Excellent written and oral communication skills, with a proactive approach. Personal resilience and a confident, willing to apply good judgement to find solutions independently. Team working skills, able to form effective working relationships quickly. Ability to respond calmly under pressure and to make well-considered judgments in different situations. Good organisational skills, able to manage and prioritise own and others’ workloads and meet deadlines in a timely manner. Ability to see the big picture, having an appreciation for the wider context. Continuous improvement approach, with practical implementation of ideas. Interview Criteria: Qualified Accountant. Experience in financial management and analysis of financial products. Strong Management accounting, budgeting & forecasting experience, including month end processes. Numeracy and analytical skills with the ability to interpret and present financial information. Clear, demonstrable relationship management, with ability to instil confidence within stakeholders. Strong written and oral communication skills. Personal resilience approach to solve issues in short timescales. Competencies: All team members demonstrate compatibility with and capability against our Core Competencies such as: Thinking and Problem Solving – Stakeholder management – Communication skills – Influencing – Self-awareness/self-management – Strategic awareness – Working with others – Project management. Some of the above competencies will be assessed at interview stage, in addition to the criteria listed in the person specification. Travel Requirements: Swindon-based: There may be the occasional requirement for national travel. Equality, Diversity and Inclusion: Innovate UK is a diverse workforce of people. We believe that encouraging these differences and drawing the best from them will build a productive environment in which everyone feels valued, where talents are fully utilised and in which organisational goals are met. Underpinning this is a belief that it is a fundamental right for everyone to be treated equally, with fairness, respect and dignity. We will act directly and use our influence to ensure that this right is promoted and upheld; we encourage applications from all those who meet the criteria set out in our role profiles. Equal Opportunities: We are an equal opportunities employer, committed to employing any person who meets the criteria for our roles. When undertaking recruitment we may require applicants to undertake certain tests or assessments, some of which will be online and others may be in-person. If you have a disability, health condition or specific learning difficulty such as dyslexia then you may be entitled to support with undertaking this type of assessment exercise. Where you feel that reasonable adjustments are required to support you, we ask that you advise your recruitment point of contact in a timely fashion, providing further information. In confidence, Innovate UK will then review your application for adjustments and provide support as required. UK Research and Innovation: Innovate UK is a partner organisation within UK Research and Innovation. If successful in securing the position, your employer will be UK Research and Innovation. More information can be found online
here . Employee Benefits: We offer a benefits package crafted to provide an excellent work/life balance. This includes 30 days’ annual leave, 10.5 public and privilege days, flexible working hours, an exceptional defined benefit pension scheme, and access to a variety of support networks and discount schemes. Benefits of working at UK Research and Innovation (UKRI) Flexible Working: We understand the importance of work-life balance, and are happy to discuss the possibility of flexible working with applicants. Pre-employment Screening: To enable us to hire the very best people we will conduct a comprehensive pre-employment check on successful applicants as part of the recruitment process. 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. UKRI supports research in areas that include animal health, agriculture and food security, and bioscience for health which includes research on animals, genetic modification and stem cell research. Whilst you may not have direct involvement in this type of research, you should consider how this aligns with your personal values or beliefs. To enable us to hire the very best people we will conduct a full and comprehensive pre-employment check as a crucial part of the recruitment process on all individuals that are offered a position with UKRI. This will include a security check and an extreme organisations affiliation.
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This advert will close on the 5th January 2024 at 23.59pm. Title:
Senior Finance Business Partner Band:
UKRI Band F (UKRI Ts & Cs) Salary:
£56,745 gross per annum Reports to:
Deputy Director – Risk & Governance Location:
Swindon (Hybrid Working) Contract:
Permanent Innovate UK recognises the importance of work-life balance, and we will be happy to discuss any requests for flexible working arrangements. Job Purpose: This role is part of the Innovate UK (IUK) Finance Business Partner team which performs a range of reporting and control functions, but fundamentally will be responsible for positioning finance to work with the business and link all activity to the delivery plan, communicating the importance of Finance to Innovate UK staff at all levels – presenting insightful information to stimulate longer-term thinking. This role will provide Finance support to the Products and Services Investment (Innovation Finance) Directorate and be specifically focused on Innovate UK’s Innovation Loans programme, Investor Partnerships and other Non-Grant Products. Therefore, we are seeking an individual with the skills and experience to help us achieve this balance of financial insight and analysis, strategic financial advice and statutory compliance in the context of an unregulated lending business. Key Responsibilities and Accountabilities: Creation of Financial and Business Performance Information in conjunction with IUKL data and insights team to report to SLT, Committees and Board to inform decision making and ensure resources are managed within allocations. Develop, manage and maintain exceptional working partnerships with senior managers, Directors and stakeholders across Innovate UK providing strategic financial advice. Assisting in the development of Innovate UK Investment strategy and spending review process by evaluating financial options/scenarios, impacts, potential risks and solutions. Liaise with UKRI Central and DSIT to ensure reporting is submitted on time and the financial risks of managing a loan book are understood. Ensure compliance with HMT Loans Financial Framework, agree allocations across multiple budget categories and complete Supplementary Estimates. Support IUK Management reporting Team to ensure Innovation Finance forecasting, variance analysis and submission of risks and opportunities are aligned and understood. Closely work with budget holders to advise on available funding across all budget categories (Financial Transactions, OpEx, RDEL (ringfence and non-ringfenced, AME). Support on budgeting and accounting treatment for the development of new innovation finance products. Knowledge of technical accounting for financial Instruments and ability to work closely with colleagues in the financial reporting team to analyse future budget implications based on current levels of credit provisions and fair value adjustments. Keep up to date and familiar with the latest requirements in the Consolidated Budgeting Guidance and the relevant accounting standards to feed into the process. This is not an exhaustive list and you might be encouraged to undertake any other duties across the wider directorate, commensurate with the Band and level of responsibility of this post, for which the post holder has the key experience and/or training. Shortlisting criteria (S) – Assessed at shortlisting (I) – Assessed at interview (S&I) – Assessed at both shortlisting and interview. Person Specification: Experience & Qualifications: Essential – Qualified Accountant (ACA/CIMA/ACCA/CIPFA) or Qualified by Experience. Competent IT skills, including knowledge of Microsoft Office, in particular Excel (S). Understanding of financial controls (S). Experience of month and year-end processes and reporting, such as accruals and prepayment calculations and variance analysis (S). Preparation of budgets, forecasts, and financial plans (S). Experience of working as part of a wider business, consulting with many stakeholders, showing an understanding of business priorities and working with partners to meet organisational and financial objectives (S&I). Experience in provision of written and oral advice suitable for senior level decision makers (S&I). Understanding of Financial Instruments and IFRS 9 and 16 (S&I). Familiar with requirements in the Consolidated Budgeting Guidance for Financial Transactions (S). Skills & abilities: Ability to build relationships with a variety of stakeholders. Line management skills. Excellent written and oral communication skills, with a proactive approach. Personal resilience and a confident, willing to apply good judgement to find solutions independently. Team working skills, able to form effective working relationships quickly. Ability to respond calmly under pressure and to make well-considered judgments in different situations. Good organisational skills, able to manage and prioritise own and others’ workloads and meet deadlines in a timely manner. Ability to see the big picture, having an appreciation for the wider context. Continuous improvement approach, with practical implementation of ideas. Interview Criteria: Qualified Accountant. Experience in financial management and analysis of financial products. Strong Management accounting, budgeting & forecasting experience, including month end processes. Numeracy and analytical skills with the ability to interpret and present financial information. Clear, demonstrable relationship management, with ability to instil confidence within stakeholders. Strong written and oral communication skills. Personal resilience approach to solve issues in short timescales. Competencies: All team members demonstrate compatibility with and capability against our Core Competencies such as: Thinking and Problem Solving – Stakeholder management – Communication skills – Influencing – Self-awareness/self-management – Strategic awareness – Working with others – Project management. Some of the above competencies will be assessed at interview stage, in addition to the criteria listed in the person specification. Travel Requirements: Swindon-based: There may be the occasional requirement for national travel. Equality, Diversity and Inclusion: Innovate UK is a diverse workforce of people. We believe that encouraging these differences and drawing the best from them will build a productive environment in which everyone feels valued, where talents are fully utilised and in which organisational goals are met. Underpinning this is a belief that it is a fundamental right for everyone to be treated equally, with fairness, respect and dignity. We will act directly and use our influence to ensure that this right is promoted and upheld; we encourage applications from all those who meet the criteria set out in our role profiles. Equal Opportunities: We are an equal opportunities employer, committed to employing any person who meets the criteria for our roles. When undertaking recruitment we may require applicants to undertake certain tests or assessments, some of which will be online and others may be in-person. If you have a disability, health condition or specific learning difficulty such as dyslexia then you may be entitled to support with undertaking this type of assessment exercise. Where you feel that reasonable adjustments are required to support you, we ask that you advise your recruitment point of contact in a timely fashion, providing further information. In confidence, Innovate UK will then review your application for adjustments and provide support as required. UK Research and Innovation: Innovate UK is a partner organisation within UK Research and Innovation. If successful in securing the position, your employer will be UK Research and Innovation. More information can be found online
here . Employee Benefits: We offer a benefits package crafted to provide an excellent work/life balance. This includes 30 days’ annual leave, 10.5 public and privilege days, flexible working hours, an exceptional defined benefit pension scheme, and access to a variety of support networks and discount schemes. Benefits of working at UK Research and Innovation (UKRI) Flexible Working: We understand the importance of work-life balance, and are happy to discuss the possibility of flexible working with applicants. Pre-employment Screening: To enable us to hire the very best people we will conduct a comprehensive pre-employment check on successful applicants as part of the recruitment process. 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. UKRI supports research in areas that include animal health, agriculture and food security, and bioscience for health which includes research on animals, genetic modification and stem cell research. Whilst you may not have direct involvement in this type of research, you should consider how this aligns with your personal values or beliefs. To enable us to hire the very best people we will conduct a full and comprehensive pre-employment check as a crucial part of the recruitment process on all individuals that are offered a position with UKRI. This will include a security check and an extreme organisations affiliation.
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