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- Tasks: Lead financial reporting and ensure compliance with statutory accounts for Innovate UK Loans.
- Company: Join Innovate UK, a leader in fostering business-led innovation.
- Benefits: Enjoy a competitive salary, generous leave, and flexible working options.
- Why this job: Make a real impact in finance while driving innovation in the UK.
- Qualifications: 5 years of accounting experience and expertise in financial instruments required.
- Other info: Dynamic role with opportunities for professional growth and development.
The predicted salary is between 48796 - 62500 £ per year.
UK Research & Innovation
Salary: £58,589 per annum
Band: UKRI Band F
Contract Type: Open ended
Hours: Full-time (flexible working available)
Location: Polaris House, Swindon, Wiltshire – Hybrid working available (Min 2 days per week in the office)
Closing Date: 8 February 2026
About The Role
Innovate UK Loans Limited (IUKL) exists to deliver the Innovation Loans programme as part of Innovate UK and UK Research and Innovation (UKRI)’s commitment to fostering business-led innovation.
The financial reporting manager for Innovate UK Loans Limited works with multiple teams within UKRI to support both the Group Financial Controller and the Innovate UK Loans company in creating compliant statutory accounts. Liaising with operational, wider finance and cross governmental teams this role encompasses knowledge of financial accounting and wider financial control to ensure best practice.
Your Responsibilities
Financial Reporting Manager for Innovate UK Loans Company with responsibility for:
- Ensuring high quality, compliant statutory accounts are signed off by the Company\’s auditors on a timely basis. This includes management of Stakeholders expectations, writing & presenting papers at the Companys Board and Audit and Risk Committee.
- Management of the Financial Reporting team & the IFRS 9 & IFRS 13 compliant expected credit loss and fair value models including liaison with NAO, GAD & Moodys. This includes problem solving & continuous improvement.
- Technical accounting & financial instrument expertise including the ability to explain complexity to senior experienced and non-expert audiences in succinct, understandable terms. This includes advice and support for new types of lending and changes to loans contractual terms that have accounting treatment consequences. Liaison with stakeholders and expert insight into loan & portfolio operations and credit risk teams processes and management information.
- Liaison with industry and Government bodies that have oversight of loan operations including DSIT, UK Government Investments, HMT Government Debt Management Function and Subsidy Control. Forward looking industry intelligence gathering that impacts on future requirements and best practice standards.
- A full contribution to Financial Control Team as a member of the Financial Control Managers team that reports to the Financial Controller. Display UKRI Finance professional behaviors to encourage a very positive working environment and motivate a high performing team.
Personal Specification
The below criteria will be scored during Shortlisting (S), Interview (I) or both (S&I).
Essential
- Around 5 years post qualified accounting experience preferably with a financial institution financial reporting team; or a Government body accounting team with financial instrument holdings; or a larger audit firm with exposure to financial instruments audits. (S)
- Technical accounting and financial reporting experience and aptitude, with a working knowledge of IFRSs for Financial Instruments & Fair Values (IFRSs 7, 9 & 13). (I)
- Ability to explain complexity both in written formats & in person to a wide range of stakeholders including senior management, Governance Committees and other technical specialists and colleagues within the Group. (S&I)
- Experience in working with internal and external financial models, preferably in credit risk applications. (S&I)
- Forward planning skills and resilience in challenging situations with a problem-solving aptitude to ensure high quality, compliant statutory accounts and supporting projects are delivered to a tight timetable. (I)
- Commitment to continuous improvement including delivery of projects relating to auditors management letter recommendations to improve accounting information and enhanced compliance with accounting standards. Being comfortable working in a team of other professionals to deliver these projects on time. (I)
- Line management experience of at least small teams, displaying emotional intelligence, with the ability to motivate and enthuse the team in challenging situations. (S&I)
- Outward looking intelligence gathering of financial institutions and other Government lenders and credit risk specialists published disclosure so that high quality published accounts are delivered a timely basis that reflect developing best practice. (I)
Benefits
We recognise and value our employees as individuals and aim to provide a favourable pay and rewards package. We are committed to supporting employees\’ development and promote a culture of continuous learning!
Benefits (Continued)
- An outstanding defined benefit pension scheme
- 30 days\’ annual leave in addition to 10.5 public and privilege days (full time equivalent)
- Employee discounts and offers on retail and leisure activities
- Employee assistance programme, providing confidential help and advice
- Flexible working options
Plus many more benefits and wellbeing initiatives that enable our employees to have a great work life balance!
For Further Information On Our Benefits Please See Benefits of working at UK Research and Innovation (UKRI)
Please apply online. If you experience any issue applying, please contact. Please note, if you will require sponsorship to work in the UK, as part of your sponsorship application, you and any dependants travelling with you, will be required to pay costs directly to The Home Office for the application before you start your role with us. UKRI is normally able to reimburse some, or all of these fees after you have become an employee and this can be discussed with the Hiring Manager. For more information, please visit https://www.gov.uk/skilled-worker-visa/how-much-it-costs or contact.
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Financial Control Manager employer: Innovate UK
Contact Detail:
Innovate UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Control Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who might have insights into Innovate UK. A friendly chat can sometimes lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge of IFRS standards. Be ready to explain complex financial concepts in simple terms, as you’ll need to communicate effectively with various stakeholders.
✨Tip Number 3
Showcase your problem-solving skills! Think of examples from your past experience where you’ve tackled financial challenges or improved processes. This will demonstrate your ability to drive continuous improvement in the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the team at Innovate UK.
We think you need these skills to ace Financial Control Manager
Some tips for your application 🫡
Craft a Tailored CV: Make sure your CV is tailored to the Financial Control Manager role. Highlight your relevant experience, especially in financial reporting and IFRS compliance, so we can see how you fit right into our team.
Write a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your past experiences that align with the responsibilities listed in the job description, and don’t forget to show your enthusiasm for joining Innovate UK!
Be Clear and Concise: When writing your application, keep it clear and concise. We appreciate straightforward communication, especially when explaining complex financial concepts. This will help us understand your thought process and expertise.
Apply Through Our Website: Don’t forget to apply through our careers page! It’s the best way for us to receive your application and ensures you’re considered for the Financial Control Manager position. We can’t wait to hear from you!
How to prepare for a job interview at Innovate UK
✨Know Your Numbers
As a Financial Control Manager, you'll need to be on top of your financial reporting game. Brush up on the latest IFRS standards, especially IFRS 9 and IFRS 13. Be ready to discuss how you've applied these in past roles, as well as any challenges you've faced and how you overcame them.
✨Stakeholder Savvy
You'll be managing stakeholder expectations, so it's crucial to demonstrate your communication skills. Prepare examples of how you've effectively communicated complex financial information to non-experts. Think about times when you presented to senior management or governance committees and how you tailored your message for different audiences.
✨Problem-Solving Mindset
Innovate UK is looking for someone who can drive continuous improvement. Come prepared with specific examples of how you've identified problems in financial processes and implemented solutions. Highlight your experience with financial models, particularly in credit risk applications, and how you've used them to enhance decision-making.
✨Show Your Leadership Skills
Leading a team is part of the role, so be ready to discuss your leadership style. Share experiences where you've motivated your team, managed conflicts, or facilitated professional development. This will show that you're not just a numbers person but also someone who can inspire and guide others.
