Financial Accountant 1 year FTC, FINANCIAL REPORTING & CONTROL in London

The Financial Accountant will be responsible for reporting on the Bank of England's balance sheet and income (split across different portfolios) and subsidiaries of the Bank. Reporting responsibilities include both internal and statutory external reporting (annual report and accounts) and taking ownership of portfolios assigned to them, ensuring that Finance operates a robust control framework.

The Financial Reporting & Control team is responsible for oversight and review of the financial control and accounting policy framework for the Bank of England (including the PRA) and its subsidiaries, including the Bank of England Asset Purchase Facility Fund (BEAPFF), and the Bank of England Alternative Liquidity Facility (BEALF). It is also responsible for preparation of the annual report and accounts and the weekly report and leads on testing requirements in respect of the general ledger.

In addition, in 2026, the Bank intends to implement a new general ledger and new reconciliations systems as part of a significant transformation of IT and Central Services operating model. The jobholder will have an important role to shape and deliver this implementation, to upgrade the team's general ledger and reporting processes and improve financial reporting outputs and analysis for stakeholders. The position will report into a Senior Financial Accountant.

• Lead on the production of the annual report and accounts process for the Bank, Notes department, PRA, BEAPFF and BEALF ensuring they adhere to IFRS where applicable.
• Work with other business areas and external auditors as required (both the National Audit Office and EY) to meet financial reporting requirements and audit processes.
• Provide analysis and impact assessment on the Bank's statutory and internal reporting in light of any policy decisions and lead on presenting these at relevant committees.
• Reporting and management information for portfolios, including posting and overseeing the posting of month end adjustments into the general ledger, completing/reviewing reconciliations, obtaining substantiation, completing analytical review of movements and providing commentary.
• Completing daily/weekly profit and loss reports for assigned portfolios and working with front office to resolve any issues.
• Preparation of forecast and budget numbers and providing commentary and explanation of variances.
• Drive and lead on improvements in the financial control framework.
• Lead on the system design change projects including holding working groups, guiding team members and internal stakeholders through test plans and documenting conclusions.
• Represent Finance and support the delivery of system change projects and understand the change to various system interfaces.
• Able to understand and apply accounting standards for portfolios including effective communication of accounting matters to senior management.
• Interpret the impact of accounting standards on the necessary ledger accounting and support Technology and the front office in implementing the necessary changes.
• Support the decision makers in the Bank in understanding the accounting and disclosure implications of policy and investment decisions.
• Support the external auditors in their review of the Bank's accounting policy and disclosure approach.
• Support senior management with ad hoc projects and activities.

• Be a qualified accountant (ACA/ACCA) with a minimum of 5 years post qualification experience, ideally in financial services and in financial control and statutory reporting (IFRS experience preferable).
• A self-starter and quick learner with strong IT skills, including Excel (ability to do pivot tables, synthesise and accurately manipulate and present often complex data), and the ability to learn new IT systems and processes.
• Strong experience of effective and confident engagement with different stakeholder groups across an organisation.
• Able to build and maintain effective working relationships across an organisation.
• Have excellent written and verbal communication skills that transcend across a variety of audiences, both verbally and in writing.
• The ability to motivate yourself and develop and drive forward ideas with limited oversight.
• Excellent attention to detail and able to quickly develop an understanding of the Bank's operations and functions, helping to ensure the output of Finance is accurate and relevant.
• Have excellent workload management skills with a core focus on delivery.
• Be flexible and adaptable in order to ensure tasks are prioritised effectively and delivered on time.
• Be an excellent team player and able to work collaboratively with others and share knowledge.

• Accounting policy knowledge and experience researching accounting standards.
• The ability to take initiative and drive for results with limited oversight.
• Able to communicate, succinctly and in simple terms, both verbally and in writing.
• High attention to detail, ensuring work output is accurate and relevant.
• Good workload management skills with a core focus on delivery.
• Be flexible and adaptable in order to ensure tasks are prioritised effectively and delivered on time.
• Be a team player and able to work collaboratively with others and share knowledge.

The Bank values diversity, equity and inclusion. We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro‐rated basis as appropriate. The London salary for this role is: £51,440 - £57,870.

Benefits include non‐contributory, career average giving you a guaranteed retirement benefit of 1/80th of your annual salary per year worked, discretionary performance award based on a current award pool, 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits, 26 days' annual leave with option to buy up to 12 additional days through flexible benefits, private medical insurance and income protection.

Employment in this role will be subject to the National Security Vetting clearance process (typically 6‐12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy.

Please ensure that you complete the 'work history' section and answer ALL the application questions fully. The application will not be considered if all mandatory questions are not fully completed. The assessment process will comprise of two interview stages. Please apply online and note this role closes on 12 February 2026.

We are the UK's central bank – a bank like no other; known for world‐leading thinking on policy and strategy. Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe. We drive curiosity and a desire to do important work. We value teamwork, flexibility and inclusion.

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