C2/SEO NIC Project Accountant
The National Interest Case (NIC) Project Accountant sits within the Project and NIC Team and is responsible for providing expert financial advice and support to the operational NIC team and wider stakeholders. This is an interesting and diverse role which allows the successful candidate to use their expert Financial and Accountancy knowledge to undertake a range of activities across the lifecycle of a number of NICs.
The Insolvency Service is a leading Government agency which plays a crucial role in providing essential services to the public and to business. The work we do is important to the proper functioning of markets, the economy in general and support for thousands of people each year who are in financial difficulty.
Inclusive and diverse teams are important to us. We welcome and encourage applications from everyone, including groups underrepresented in our workforce. The Insolvency Service strives to ensure that the agency is a safe, inclusive, and welcoming place for everybody to bring their true self to work and to help the agency to achieve its diversity objectives.We have 10 active employee network groups available to join or become an ally, these include, Carers Network, Disability & Health, FACES Network Group, Grass Roots, LGBT+, Mind Matters, No Limits, Part Time Workers, The Shed, and Women’s Network Group.
We offer full-time, part-time, job share and flexible ways of working. We value capability, technical skills and experience and we place great emphasis on lifetime development to support our people. We encourage our employees to become more involved in areas they feel strongly about, whether it be for the benefit of the agency, though our Engagement network or in their own local communities via volunteering opportunities.
The Insolvency Service is a great place to work, learn and grow your career!
This is an exciting and diverse role within the Project and NIC Team, which sits within the Strategic Finance Team and wider Finance, Commercial, Property and Sustainability (FCSP) Directorate.
As the NIC Project Accountant, you will provide expert support to the NIC Team as well as ensuring accurate and timely financial reporting, working closely between the Strategic Finance Team and NIC Team members. This will involve working within the Strategic Finance Team, to take a lead on financial aspects on a portfolio of NICs.
Responsibilities:
The role involves a diverse range of activities, dependent upon the lifecycle stage of each NIC. Some typical examples of the responsibilities of the role in include:
Pre-Insolvency Stage- Collaborating, and early inclusion in discussions, with stakeholders to help ensure delivery can proceed at pace, e.g. by engaging with funding partners to ensure sufficient capital and procedures are in place.
- Ensuring indemnities are in place.
- Regular liaison with Special Managers, e.g. to manage the financial reporting structure, funding transfers, VAT recovery and other receivables.
- Attending and participating in Official Receiver (OR) meetings with commercial partners and other government departments.
- Monitoring and reporting the realised asset income received by the Special Managers.
- Reviewing fee income value received by the OR to ensure accurate fee income is charged against the individual estates.
- Engaging with the OR around accounting treatment, including VAT.
- Undertaking reviews of invoices ahead of approvals, and maintaining supporting data.
- With commercial partners, managing cashflow positions and other financial statements.
- Managing the return of surplus funds to funding partners and liaison with Finance colleagues around central financial reporting.
- Preparing monthly forecast and annual budget profiles for NICs, also feeding into White Paper Accounts.
- Supporting the annual audit through providing responses to queries, and cross-government spending review.
- This role will provide direct and/or indirect line management to the Cost Centre Managers on the team.