At a Glance
- Tasks: Lead financial accounting for loans, manage transactions, and ensure accurate reporting.
- Company: Join a dynamic team at DCMS, a hub for financial excellence.
- Benefits: Opportunities for development, influence departmental direction, and work in a supportive environment.
- Other info: Small team with excellent career growth and continuous improvement focus.
- Why this job: Make a real impact on financial operations and contribute to the future of the department.
- Qualifications: Experience in financial accounting and strong analytical skills required.
The predicted salary is between 40000 - 50000 € per year.
This role is in the central Financial Accounting and Control Team (FACT). The team is the hub for all financial operational and control functions including treasury management, VAT, purchase to pay support and managing the relationship with DCMS’ shared services provider. In addition to being DCMS’ financial accounting Centre of Excellence, the team leads in the production of the consolidated accounts of the DCMS Group and manages the National Lottery Distribution Fund. The DCMS Finance team (of which FACT is an integral part) is relatively small and this provides opportunities for development not always found in a bigger department. Finance is high on the agenda and provides the opportunity to influence the direction of the Department for the future.
We are recruiting a team leader, reporting to the Head of Financial Control and Operations, your primary responsibilities are:
- Managing the accounting transactions for the DCMS covid loan book, made up of the Cultural Recovery Fund and the Sport Survival Package with an outstanding balance at 31 March 2025 of £327m.
- Updating the Expected Credit Loss models at Supplementary Estimate and year-end to ensure accurate forecasting and reporting.
- Working closely with the Loans Policy team to track repayments, defaults and working through any reprofiling requests.
- Liaising with the National Audit Office and ensuring all necessary documentation is available for audit.
- Reviewing the year-end data collection packs submitted by ALBs for the DCMS Group accounts to ensure these are complete, accurate and the submitted data passes all validations.
- Preparation, reviewing, sense checking and proofreading of final DCMS Group accounts, including commissioning other sections, challenge and review and collation into a single cohesive document.
- Working across the team to support other areas, share knowledge and build resilience in the team, supporting our vision as a high performing technical accounting Centre of Excellence, focussed on continuous improvement.
Senior Financial Accountant - Loans and ALBs employer: Government Recruitment Service
As a Senior Financial Accountant within the central Financial Accounting and Control Team at DCMS, you will thrive in a dynamic environment that prioritises professional growth and development. Our relatively small team structure fosters close collaboration and offers unique opportunities to influence financial strategies that shape the future of the Department. With a strong emphasis on continuous improvement and excellence, we provide a supportive work culture where your contributions are valued and recognised.
Contact Detail:
Government Recruitment Service Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Financial Accountant - Loans and ALBs
✨Tip Number 1
Network like a pro! Reach out to current or former employees in the finance sector, especially those who have worked with loans and ALBs. A friendly chat can give you insider info and maybe even a referral!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial accounting principles and the specific challenges faced by the DCMS. Show us you’re not just a number cruncher but someone who can influence the department's future!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your enthusiasm for the role. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website! We love seeing applications come directly from candidates who are genuinely interested in joining our team. Plus, it shows you’re proactive and keen to be part of our Finance Centre of Excellence!
We think you need these skills to ace Senior Financial Accountant - Loans and ALBs
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Financial Accountant role. Highlight your experience with financial accounting, especially in managing loans and working with large sums like the £327m covid loan book. We want to see how your skills align with our needs!
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you’ve improved processes or contributed to financial reporting accuracy. This will help us see the impact you can bring to our team.
Be Clear and Concise:When writing your application, be clear and concise. We appreciate straightforward communication, so avoid jargon unless it’s relevant. Make it easy for us to understand your qualifications and why you’re a great fit for the role.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss any important updates. Plus, it’s super easy to do!
How to prepare for a job interview at Government Recruitment Service
✨Know Your Numbers
As a Senior Financial Accountant, you'll need to be on top of your game with financial data. Brush up on key figures related to loans, credit loss models, and the specifics of the DCMS covid loan book. Being able to discuss these confidently will show your expertise and readiness for the role.
✨Understand the Bigger Picture
Familiarise yourself with the DCMS's mission and how the Financial Accounting and Control Team fits into it. Knowing how your role can influence the department's direction will demonstrate your commitment and strategic thinking during the interview.
✨Prepare for Technical Questions
Expect questions that dive deep into accounting principles, especially around treasury management and VAT. Review relevant regulations and best practices, and be ready to explain how you've applied them in past roles. This will showcase your technical proficiency.
✨Showcase Team Collaboration
This role involves working closely with various teams, so be prepared to discuss your experience in collaboration. Share examples of how you've supported colleagues or led initiatives that improved team performance. Highlighting your teamwork skills will align well with their vision of a high-performing team.
