At a Glance
- Tasks: Lead financial assessments and provide expert advice on restructuring cases.
- Company: Join a dynamic team within the Funding and Financial Oversight group.
- Benefits: Competitive salary, professional development, and opportunities to influence education funding.
- Other info: Engage with stakeholders and contribute to high-level decision-making.
- Why this job: Make a real impact in the education sector by ensuring financial stability.
- Qualifications: Must be a qualified accountant with experience in corporate finance and restructuring.
The predicted salary is between 63000 - 77000 £ per year.
Location: Coventry (CV1 2WT), Darlington (DL1 5QE), London (SW1P 3BT), Manchester (M1 2WD), Sheffield (S1 2FJ)
About the job
This position is an exciting opportunity in the FFO (Funding and Financial Oversight) group. FFO ensures the right amount of money goes to the right providers at the right time, and is spent in the right way. FFO leads on developing the financial and governance framework used by academies and post-16 education providers to manage and report on their spending; identifying institutions at risk of financial failure, providing expert financial assessment and advice; and where necessary undertaking investigations into financial irregularity.
The role is part of a small specialist restructuring team of highly qualified accountants and insolvency practitioners. Each member is responsible for managing a portfolio of restructuring cases including their own analysis and credit papers.
The role operates in a variety of generalist and specialist settings. Therefore, duties will vary over time and the post holder will need to be adaptable and resilient, ready to undertake a diverse range of tasks including the following:
- Undertake reviews into restructuring situations, dissect complex evidence, add value to the proposed options, establish alternatives to those already identified and make recommendations to senior colleagues, including Ministers.
- This will include outsourcing some work to accountancy and law firms and undertaking your own analysis and due diligence in Excel, and writing credit committee papers in both PowerPoint and Word.
- Incorporate non-financial information and data, such as real estate and curriculum, to produce high quality integrated financial and non-financial advice.
- Manage transactions (e.g. mergers) through to completion, including accurate forecasting and payment of funding.
- Raising general awareness of restructuring issues, identifying risks across the DfE and education providers funded by the DfE.
- Engaging with stakeholders across government, the wider stakeholder community and the finance profession to keep on top of leading practice.
- Manage stakeholders’ needs and expectations effectively so that Departmental objectives and priorities are met.
- Make the links between policy and/or business delivery within the intervention and restructuring environments and wider where appropriate.
- Contribute to the wider management of the FFO group, including through leading roles in corporate activities and risk management.
- Proactively manage performance by setting clear and stretching objectives for colleagues and provide regular constructive feedback.
Person specification
Essential Criteria:
- You will have a high level of technical skill in public and/or private sector corporate finance and restructuring environments, including detailed financial assessment and/or modelling.
- You will have proven experience in reacting effectively to unplanned restructuring situations, being able to reach consensual decisions with imperfect information.
- You will be able to demonstrate the ability to effectively deliver results at pace in challenging environments.
- You will be able to demonstrate the ability to deliver difficult messages and communicate complicated financial and legal concepts to stakeholders with different points of view.
- You will demonstrate excellent interpersonal and communication skills with the ability to make an impact at the highest levels.
- You will have experience of representing an organisation externally, managing external stakeholder relationships and securing confidence in decision-making through partnership working.
- You will demonstrate high levels of IT proficiency, to quickly use MS Office, AI and other tools to aggregate and analyse diverse information sources, build and interrogate Excel models and produce high quality outputs including business cases in PowerPoint or Word.
- Professionally qualified accountant, auditor or equivalent: e.g. ACA, ACCA, CIMA, Insolvency Practitioner or relevant and comparable financial restructuring experience.
Desirable Criteria:
- You will have worked in or with the education sector and/or the public sector more generally.
Qualifications
Professionally qualified accountant, auditor or equivalent: e.g. ACA, ACCA, CIMA, Insolvency Practitioner or relevant and comparable financial restructuring experience.
Behaviours
We'll assess you against these behaviours during the selection process:
- Seeing the Big Picture
- Communicating and Influencing
Specialist Restructuring Senior Manager in London employer: Department for Education
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StudySmarter Expert Advice🤫
We think this is how you could land Specialist Restructuring Senior Manager in London
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We think you need these skills to ace Specialist Restructuring Senior Manager in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Department for Education and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
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How to prepare for a job interview at Department for Education
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
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If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Department for Education.
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✨Connect with Company Goals
Familiarise yourself with Department for Education's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
