Job Description

Details

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Reference number

410143
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Salary

36,650
A Civil Service Pension with an employer contribution of 28.97%
GBP
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Job grade

Higher Executive Officer###

Contract type

Permanent###

Business area

IUK - Funding Assurance###

Type of role

Accountancy###

Working pattern

Full-time###

Number of jobs available

1

Contents

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Location About the job Benefits Things you need to know Apply and further information

Location

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Swindon

About the job

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Job summary

Context:

The role holder will operate within the Innovate UK Funding Assurance Team which is part of Operations Directorate.


Project Finance & Assurance is a team of management accountants who are all responsible for checking and approving the financial viability and eligibility of successful grant applicants. Each member has a strong background in management accounts and is capable of scrutinising sets of accounts and liaising with applicants and stakeholders to ensure that they are legitimate and eligible to receive public funding. This is a key part of the application process and must be conducted in a timely manner so that participants can start their innovation projects.


Frequently working to deadlines, management accountants must understand Subsidy Regime and State Aid rules and use these to check the viability of project participants and the appropriate eligibility of their intended project costs. This will involve discussions and options with those organisations who do not meet the financial viability necessary to be eligible. Experience in commercial accounting good practice and decision making is essential, as is a strong investigative and inquisitive nature. The team must balance the need to adhere to the proportionate level of risk and accounting standards, transparency requirements in accordance with managing the public purse, along with the need to provide a high level of customer service to project participants.


We particularly welcome female applicants as women are under-represented within Innovate UK in this type of role.

Job Purpose:

The role holder is responsible for managing their own workload in conjunction with the management's direction and be integral to the wider funding assurance teams in working jointly and collaboratively.

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Job description

Key Responsibilities and Accountabilities:

Work on and deliver the financial review of project information in a dynamic environment including:

Any required first level scrutiny of financial and supporting information provided by applicants to ensure compliance with Innovate UK, Subsidy Regime, State Aid and Competitions guidance requirements Financial viability review of applicants to assess suitability for grant provision and recording the same. Financial eligibility review of detailed project information in application documents, associated appendices and finance forms to establish compliance with policy, guidance Subsidy Regime and State Aid Liaison with applicants to resolve issues identified by financial review, including timely documentation as supporting evidence Work with other teams to integrate the results of participant project financial reviews with other requirements and processes During the life of a project support and give advice on project changes and issues escalated by the Operations and Technology teams, including Monitoring Service Providers Contribute to and deliver process improvements as part of ensuring an efficient, effective financial review process, whilst working with other teams to ensure optimum end to end processes for Innovate UK and our customers Acceptance of spend profile Assist with Assurance visits Support other ad-hoc business requirements as necessary ###

Person specification

Person Specification:

Experience & Qualifications:

Essential -

Educated to degree-level or equivalent experience Hold a professional Accounting qualification e.g. AAT, PQE, CIMA or CIPFA as a minimum (S) Proven Management Accountant experience in a commercial environment(S&I) Experience and understanding of working with business accounts, Management accounting processes and policies(S&I) Ability to liaise with stakeholders at a Director and/or CFO level, with a confident and articulate approach(I) Confident/articulate and ability to manage workload/priorities(I) Financial management and analytical review experience with focus on quality and attention to detail balanced with cost-effectiveness. (S&I) Proven experience of managing workloads to meet tight deadlines, with the ability to prioritise using own initiative(S&I) Excellent interpersonal skills in dealing with a range of stakeholders at all levels(S&I)

Desirable -

Interest/background/experience in innovation or research, business competitiveness and technology policy or delivery(I) Understanding of structure of government and key Innovate UK partner organisations such as the Research Councils and Devolved Administrations(I) An understanding of Subsidy Regime Control, State Aid Rules (SAR) and the General Block Exemption Regulations (GEBR), Anti Money-laundering rules and the Proceeds of Crime Act and other relevant legislation(I)

Benefits

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Alongside your salary of 36,650, Innovate UK contributes 10,617 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.Learning and development tailored to your role An environment with flexible working options A culture encouraging inclusion and diversity A Civil Service pension with an employer contribution of 28.97%

Things you need to know

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Selection process details

1st Interview incl Presentation.


Interviews will either take place remotely via Teams or in person face to face.



Feedback will only be provided if you attend an interview or assessment.###

Security

Successful candidates must undergo a criminal record check.
Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check .



See our vetting charter .
People working with government assets must complete baseline personnel security standard (opens in new window) checks.###

Medical

Successful candidates will be expected to have a medical.###

Nationality requirements

This job is broadly open to the following groups:


UK nationals nationals of the Republic of Ireland nationals of Commonwealth countries who have the right to work in the UK nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS) individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020 Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Further information on nationality requirements
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Working for the Civil Service

Please note this Post is NOT regulated by the Civil Service Commission.
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.###

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan and the Civil Service Diversity and Inclusion Strategy .

Apply and further information

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Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.###

Contact point for applicants

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Job contact :

Name : recruitment@ukri.org Email : recruitment@ukri.org
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Recruitment team

Email : recruitment@ukri.org ###

Further information

https://innovateuk.wd3.myworkdayjobs.com/innovateukcareers/job/Swindon/Project-Finance-Assurance-Accountant_JR4141-3