At a Glance
- Tasks: Produce financial statements and support the agency's Annual Report and Accounts.
- Company: Join a leading Government agency dedicated to public service and financial support.
- Benefits: Flexible working options, fully funded accountancy qualifications, and a commitment to your development.
- Why this job: Make a real difference in financial management while growing your career in a supportive environment.
- Qualifications: Studying towards or completed a professional accountancy qualification.
- Other info: Inclusive workplace with diverse employee networks and opportunities for community involvement.
The predicted salary is between 36000 - 60000 £ per year.
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 9 active employee network groups available to join or become an ally.
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 or in their own local communities via volunteering opportunities.
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 in support of the accurate production of this statutory account and maintenance of reconciliations and assurance processes.
Responsibilities:
- Produce monthly draft financial statements, and notes to the accounts in line with HM Treasury direction for the Insolvency Services (“White Paper”) Account.
- Prepare and collate annual content for the non-financial narrative in the White Paper account, working with stakeholders as necessary.
- Prepare account and cash reconciliations, identify errors and recommend solutions to issues, ready for review.
- Conduct monthly monitoring and take required action on unsettled disbursements. Liaise with finance business partners and Official Receiver teams as necessary.
- Compliance reporting of erroneous transactions on management reports and in the case management system (“cash to case” reporting).
- Lead on the response to National Audit Office audit queries and requests in a timely manner.
- Provide analysis of cash movements as required, in support of cash surrenders and CFER actions.
Qualifications and development:
Alongside your role, you will be committed to studying towards and completing a professional accountancy qualification. Exam fees and membership fee will be fully funded. We will also consider applications from candidates who are part way through, or have completed their studies.
Additional information:
- Provide financial information from the case management system, working with its associated stakeholders, to support the production of the White Paper Account.
- Carry out 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.
- Prepare 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.
Estates Accountant in Leeds employer: Government Recruitment Service
Contact Detail:
Government Recruitment Service Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Estates Accountant in Leeds
✨Tip Number 1
Network like a pro! Reach out to current employees at the Insolvency Service on LinkedIn or through mutual connections. A friendly chat can give us insights into the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by researching common questions for Estates Accountant roles. We should also brush up on our knowledge of financial regulations and the specific responsibilities mentioned in the job description.
✨Tip Number 3
Showcase our passion for inclusivity and diversity during interviews. The Insolvency Service values these traits, so let’s share our experiences and how we can contribute to their goals.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed. Plus, we can keep track of our application status easily.
We think you need these skills to ace Estates Accountant in Leeds
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Estates Accountant role. Highlight relevant experience and skills that match the job description. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Qualifications: Since this role involves financial statements and reconciliations, make sure to highlight any relevant qualifications or ongoing studies in accountancy. We value your commitment to professional development!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Government Recruitment Service
✨Know Your Numbers
As an Estates Accountant, you'll be dealing with financial statements and reconciliations. Brush up on your accounting principles and be ready to discuss how you've applied them in past roles. Familiarise yourself with the specific financial regulations relevant to the Insolvency Service.
✨Showcase Your Problem-Solving Skills
The role involves identifying errors and recommending solutions. Prepare examples of challenges you've faced in previous positions and how you resolved them. This will demonstrate your analytical skills and ability to work collaboratively with stakeholders.
✨Understand the Agency's Mission
Research the Insolvency Service and its impact on the economy and individuals in financial difficulty. Be prepared to discuss how your values align with their mission and how you can contribute to their goals, especially regarding inclusivity and diversity.
✨Prepare Questions for Them
Interviews are a two-way street! Think of insightful questions to ask about the team dynamics, ongoing projects, or professional development opportunities. This shows your genuine interest in the role and helps you assess if it's the right fit for you.