Strategic Finance | Grade 7
Summary
Role Summary
Staff in G7 roles in Strategic Finance need to work at pace to secure funds and improve the department's financial position, providing strategic advice and analysis to support the development and delivery of the department's financial strategy. They build strong relationships within the department and wider HMG to ensure coordination and coherence, and secure the most effective use of public funds. They may line manage the strategic finance SEO's and be responsible for multiple strands of work that contribute to fiscal events.
Typical Role Responsibilities
G7s provide strategic advice and analysis on financial impact, performance and risk to senior stakeholders and through this contribute to the strategic direction of the Department. They work with strategy on fiscal events and negotiations with HMT, coordinating across the department and supporting effective relationships with the HMT spending team.
They maintain strong relationships with senior and wider stakeholders, including HMT, bringing insight and influence through effective communication.
Entry Route
May be suitable for staff with the required skills and/or experience from within finance, policy or private office/strategic roles
Typical Qualifications
While qualification is not essential for Strategic Finance G7s, it is recommended there is a balance of qualified staff with CCAB, CIMA and experience in relevant strategic/policy roles with clear evidence of strong numeric ability across strategic finance teams.
Responsibilities
Tasks
Providing strategic advice and analysis on financial impact, performance and risk to senior stakeholders and through this contributing to the strategic direction of the Department. This includes providing accurate current and multi-year financial forecasts and plans
Responsibility for providing timely, accurate and clearly communicated financial management information and analysis, making full use of available data and analytics tools, to support recommendations to drive efficiency and effectiveness through value added insight and advice
Building strong relationships with relevant functional stakeholders across the Department and wider HMG, to encourage alignment and cooperation, and the most efficient use of public finance
Leading on fiscal events and other negotiations with HMT, coordinating bid development across the department. Throughout the year, supporting effective relationships with the HMT spending team
Responsibility for oral and written briefings to senior finance officials, Ministers and the Finance Committee on Functions' policy; as well as engaging with HMT and other cross-Government stakeholders
Expectations
Behaviours
For details of Behaviours read the Success Profiles guidance on GOV.UK.
Communicating and Influencing
Making Effective Decisions
Developing Self and Others
Interpersonal Skills
Able to work independently, proactively, passionately and confidently on high-profile areas across the Department and lead others to achieve quality and on time delivery of outputs
Comfortable and confident in working at pace to manage a full workload with conflicting short and long-term priorities
Building positive relationships with partners in other teams and departments, and to use those relationships to influence others through excellent interpersonal and communication skills, tailored to the recipient. This includes the ability to critically consider and confidently challenge stakeholders regarding their delivery or information and translating across functions to obtain a joined up approach
Leading policy development and making decisions in complex policy areas, using analytical skills and different evidence sources to provide Ministers or senior officials with high-quality advice
Considerable experience in providing written and oral briefings to Ministers and/or senior officials
Leading collaboratively with structure, by constructing clear timelines and processes, with interdependencies and owners, to lead others to successful delivery with clear products and outcomes for the process
Fostering and leading a culture of knowledge sharing and collaboration between policy, programmes, the business, finance and other corporate services
Professional Skills
Key for Levels of Professional Skills
A = Awareness
W = Working
P = Practitioner
E = Expert
|
Strategic Analysis and Insight | W | |
Oral and Written presentation skills | E | |
Data and analysis interpretation | W | |
Influencing Senior Leaders and Ministers (including drafting skills) | E | |
The Budgeting Framework | W | |
Proactive problem resolution | W | |
Understanding the role of NAO | A | |
Negotiating with Pragmatism | W | |
Supporting the PAC Agenda | W | |
Government Financial reporting and governance requirements | W | |
Budgeting, Forecasting and Costing | W | |
Risk management and fraud | A | |
Taxation | A | |
Performance and risk management | W | |
Commercial acumen | W | |
Investment appraisal and evaluation | W | |
Qualification
Overall across strategic finance teams, it is recommended there is a balance of qualified staff with CCAB, CIMA and experience in relevant strategic/policy roles with clear evidence of strong numeric ability.
There is no requirement for this specific grade and role to be qualified, as long as there is sufficient qualified expertise across the team.
Entry and Progression Routes
Entry Routes
Within Finance
May be suitable for staff with the required skills and/or experience from within or outside finance.
From Outside Finance
May be suitable for staff with the required skills and/or experience from within or outside finance. Policy and delivery backgrounds may be relevant.
Progression Routes
Staff in this role typically move into other G7 roles or often on promotion to G6 within Finance, Policy or Private office. Posts include opportunities in OGDs, including HMT. If they are qualified they may move to other finance functional roles.