Financial Accounting and Reporting | Grade 7

Summary

Role summary

Financial Accounting and Reporting G7s are expected to manage the production process of the relevant parts of the ARA & Estimates. They will offer accounting advice and work with finance colleagues and auditors to agree accounting treatments. They will review accounting papers and ensure robust processes are in place to give assurance on the quality of the numbers.

Typical Role Responsibilities

Financial Accounting and Reporting G7s are expected to manage the production process of the relevant parts of the ARA & Estimates. They will offer accounting advice and work with finance colleagues and auditors to agree accounting treatments. They will review accounting papers and ensure robust processes are in place to give assurance on the quality of the numbers

Entry Route

Only suitable for staff with the required skills and/or experience from within finance

Typical Qualifications

Essential:

• Qualified with CCAB, CIMA or equivalent
• Working towards qualification
• Financial experience over an extended period of time

Responsibilities

Tasks

• Managing the production, including appropriate management review and escalation where necessary, of;

  • The annual report and accounts, including the narrative sections of the document, as well as the financial statements;
  • The Whole of Government Accounts (WGA) submission the HM Treasury
  • The main and supplementary estimates

• Acting as a subject expert, providing technical accounting advice in line with IFRS and the financial reporting manual (FReM) and other relevant Government guidance documents

• Analysing current processes to identify and implement ways to improve processes and financial control

• Liaising with external audit over the audit period to ensure smooth progression of the ARA to meet the laying timetable

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

• Changing and Improving

• Developing Self and Others

Interpersonal Skills

• Ability to react to change and manage emerging priorities to tight deadlines, respond to varying situations in a professional manner

• Empower their team to make decisions and have open conversations to lead improvement

• Ability to Develop collaborative relationships with key stakeholders e.g. Strategic Finance, Finance Business Partners, Network Bodies, External Audit

• Ability to manage a team and coach staff ensuring all professional training and developments requirements are met

Professional Skills

Key for Levels of Professional Skills

A = Awareness

W = Working

P = Practitioner

E = Expert

Qualification

Essential

• 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:

• Financial Accounting SEOs
• Business Partnering SEOs or G7s with sufficient technical accounting knowledge
• Finance SEOs/G7s with the required technical accounting knowledge

From Outside Finance

This role is not suitable for non-finance professionals or individuals without significant finance experience.

Progression Routes

Staff in this role typically move into other G7 roles in Finance or progress to a Financial Accounting and Reporting G6 or wider finance G6 roles.