At a Glance
- Tasks: Manage external financial reporting and provide technical accounting advice for a national emergency service.
- Company: Join the Maritime and Coastguard Agency, a vital part of the UK's transport system.
- Benefits: Enjoy a generous pension, 25 days annual leave, flexible working, and more!
- Other info: Great career development opportunities in a supportive environment.
- Why this job: Make a real impact in financial management while supporting crucial maritime services.
- Qualifications: Experience in financial reporting and knowledge of IFRS required.
The predicted salary is between 44241 - 44241 £ per year.
Would you like to work with the UK’s only national emergency service that has a variety of contracts and commercial arrangements with the associated complex accounting treatments for our helicopter and aviation services? Do you want to be a subject matter expert providing technical accounting advice/guidance and apply your professional judgement to future business strategies in line with International Financial Reporting Standards and the Financial Reporting Manual (FReM), in support of our business and operational colleagues? Are you experienced in external financial reporting processes including the production of Annual Report and Accounts in accordance with International Financial Reporting Standards and being the main point of liaison with our External Auditors? If so, we’d love to hear from you!
The Maritime and Coastguard Agency (MCA) is seeking a Financial Accountant to join the Corporate Services, Finance and Analysis area. The MCA is an Executive Agency of the Department for Transport, providing multiple statutory functions as flag, port and coastal State and delivering international obligations for search and rescue, environmental protection and responding to major maritime incidents. The Finance function is a key enabler for the Agency to ensure we can deliver against this remit, managing an annual budget of c. £500m.
As part of the Directorate of Finance and Analysis within Corporate Services, the Financial Accounting team is responsible for preparing external financial reporting for the Agency and ensuring robust processes are in place to give assurance on the quality of the numbers.
Joining our department comes with many benefits, including:
- Employer pension contribution of 28.97% of your salary.
- 25 days annual leave, increasing by 1 day each year of service (up to a maximum of 30 days annual leave), plus 8 bank holidays and a privilege day for the King’s birthday.
- Flexible working options where we encourage a great work-life balance.
As the Financial Accountant you will report to the Head of Financial Accounting and will be responsible for the external financial reporting processes for the Agency including the production of the Annual Report and Accounts (ARA) and Department for Transport consolidation packs, working with finance colleagues and auditors to agree accounting treatments as necessary.
You will play a key role in balance sheet accounting and contribute towards the yearly budgeting cycle but also have a key input into the medium-term financial planning and any Spending Reviews.
Your responsibilities will include, but aren’t limited to:
- Ensuring Finance processes are compliant with International Financial Reporting Standards (IFRS) requirements and the Government Financial Reporting Manual (FReM).
- Producing financial statements, notes and narrative in line with IFRS and FReM requirements, and present to stakeholders.
- Supporting continuous improvement and transform financial systems and data, to meet stakeholder needs.
- Producing quarterly consolidation packs for submission to DfT colleagues, ensuring returns are consistent with internal reporting.
- Working closely with diverse stakeholders, across the audit period, ensuring progression of annual reports and accounts in agreed timescales.
- Supporting stakeholders with technical accounting advice and guidance and support business managers in complex situations, contributing to future business strategies.
- Ensuring Non-Current Assets are correctly recognised, componentised and reported, and interpretation of impact to financial reserves and government accounting.
- Ensuring any technical accounting adjustments are accurately assessed with supporting information to underpin management decisions.
- Ensuring the Agency’s leasing arrangements are correctly accounted for in line with IFRS16 Leases requirement.
Great line management is important to us as an organisation, and we will equip and support line managers to develop the skills they need. We aim to empower line managers to create teams where people can flourish and deliver excellent outcomes for the public.
Proud member of the Disability Confident employer scheme.
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