SEO Insolvent Estates Accountant

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!

The Insolvency Services (“White Paper”) Account provides a statement of receipt and payments and analysis of fund balances realised from insolvencies and bankruptcies. These funds, net of statutory fees, are then distributed to creditors.

The role will be responsible for the accurate production of this statutory account and the development and maintenance of reconciliations and assurance processes in support of its production.

All receipts and payments relating to insolvencies and bankruptcies are made from this account and supported by a case management system. You will work with colleagues from other parts of the agency to ensure the information held in systems reflects operational activity and can be reported accurately.

There is a close relationship with the agency’s own resource accounts and consequently you will work closely with colleagues who lead that activity. Your role is therefore critical to the successful delivery of the agency’s Annual Report and Accounts.

In addition the candidate will work closely with the National Audit Office through their external audit and sign off in line with the agency’s timescales.

Responsibilities

• Provide financial information from the case management system, working with its associated stakeholders, to support the production of the White Paper Account
• To undertake financial governance reviews of the processes within the case management system to identify risks around fraud and error, and take action to deliver process improvements
• To lead on a number of key reconciliations of the White Paper Account, understanding the impacts for key stakeholders including the Official Receiver and associated legislation, Treasury Management (cash) and HM Treasury
• Lead on the production of the White Paper accounts in accordance with legislation and HM treasury directions and ensuring all evidence and information is available to support the external audit of the accounts
• Work closely with the rest of the Financial Accounting team to successfully produce the Agency’s Annual Report and Accounts on time and to quality standard, as well as ensuring that NAO Management Letter Points (MLPs) are addressed in a timely manner

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