Management Accounting | Grade 7

Summary

Role summary

Typical Role Responsibilities

Management Accounting G7s:

• are responsible for understanding and reporting the financial position at strategic level for the business area or areas they support in order to provide insight and highlight the key risks, issues and opportunities to the budget holder, in the context of both the business areas supported and the overall financial position of the department.
• use financial information to convey messages and 'tell the story', providing insight to scrutinise and challenge business area forecasts.
• build and maintain effective relationships with business groups, Finance Business Partners and the wider finance function and may manage a team of finance professionals.
• may lead on aspects of external reporting, such as to HM Treasury and Parliament.

Entry Route

Only suitable for staff with the required skills and/or experience of management reporting from within Finance

Typical Qualifications

Recommended:

• Qualified with CCAB, CIMA or equivalent

Or

• Working towards qualification

And

• Financial experience over an extended period of time

Responsibilities

Tasks

• Develop a detailed understanding of the management reports audience and commission solutions

• Oversee the delivery of prompt, accurate management reports, translating data into meaningful outputs, with a breadth of reporting across internal and external environments

• Intelligent analysis of complex financial information, drawing out common themes and understanding linkages/dependencies

• Maintain a strong understanding of the overall financial position of assigned business areas. Provide incisive variance explanations of and clear summaries/interpretations for senior management

• Provide narrative for management reports using compelling and persuasive language to influence and challenge

• Continually check the wider internal and external environments to ensure that the management reporting meets end user needs and is presented in a medium to best convey key messages using continuous improvement philosophy/principles

• Undertake scenario modelling and provide a range of options to inform budget holder decisions

Expectations

Behaviours

For details of Behaviours read the Success Profiles guidance on GOV.UK.

• Seeing the Big Picture

• Leadership

• Communicating and Influencing

• Making Effective Decisions

• Delivering at Pace

• Developing Self and Others

Interpersonal Skills

• Build relationships across the department to ensure effective and accurate management reports are produced on time

• Confidently and credibly present financial information to senior managers and decision-makers

• Develop collaborative relationships with key stakeholders e.g. Finance Business Partners, Governance, senior budget holders (customers)

• Successfully manage conflict at a team level

Professional Skills

Key for skill level

A = Awareness

W = Working

P = Practitioner

E = Expert

To self-assess your skills, please visit the Skills Capture Tool. The tool celebrates your strengths, highlights areas for growth, and signposts relevant learning links.

Link >>> Skills Capture Tool

Qualifications

Recommended

• Qualified with CCAB, CIMA or equivalent

• Working towards qualification

• Financial experience over an extended period of time

• Details of how to gain a finance qualification through an apprenticeship can be found here:

  • Apprenticeships on OneFinance
  • Apprenticeships on Civil Service Learning

Entry and Progression Routes

Entry Routes

Within Finance

This role may be suitable for individuals in the following roles:

• Management Accounting SEO
• Business Partnering SEO or G7
• Finance SEOs/G7s with the required numeracy and data analysis skills

From Outside Finance

This role is only suitable for non-finance professionals or individuals with significant finance experience.

Progression Routes

Staff in this role typically move into other G7 roles in Finance or progress to Management Accounting G6.