At a Glance
- Tasks: Join our team to enhance financial systems and improve user experience.
- Company: The Insolvency Service, a vital government agency making a difference.
- Benefits: Flexible working, career development, and a supportive, inclusive environment.
- Other info: Great opportunities for networking and professional growth across government.
- Why this job: Shape the future of finance systems while helping those in financial difficulty.
- Qualifications: CCAB or CIMA qualification or in final stages of study required.
The predicted salary is between 40000 - 50000 £ per year.
Location: Birmingham, Cardiff, Edinburgh, Exeter, Ipswich, Leeds, Manchester, Newcastle and Nottingham. (Croydon and Stratford will only be available to existing employees of the Insolvency Service).
About the job
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, these include: Carers Network, Disability network group, Employee Assistance, Representatives, FACES Network Group, LGBT+, Mind Matters, Part Time Workers, The Shed - Men’s Network Group and Women’s Network Group. 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, through our Engagement network or in their own local communities via volunteering opportunities.
The Insolvency Service is a great place to work, learn and grow your career! We are expanding our Systems Accounting team, who work to identify improvements and support change to the Agency's finance systems, improving user experience, championing user needs and enhancing financial control and efficiency. If you're looking for a chance to shape & deliver positive change, making it easier to derive real value & insight from our data, this could be the role for you.
This Systems Accountant role is a great opportunity to drive enhancement to financial systems, modernise ways of working and ensure that Finance and operational teams can work efficiently and safely to deliver a great service to the public.
Job description
We are seeking to recruit two qualified or part-qualified Systems Accountants to our Finance & Commercial operating group. The roles will report to the Head of Systems Accounting and will work closely with other functional areas within Finance, the wider Agency and across Government, requiring you to build a network of contacts to understand, improve and assure finance systems and processes. These roles will focus on upcoming projects to improve financial data flows and processes in operational and financial systems, across a varied landscape including Unit4 ERP (Business World), Microsoft Dynamics 365 and other tools and platforms. The roles also provide advice and support to review and incrementally improve existing systems and financial processes, through enhanced use of technology and automation. The roles offer exposure at senior levels, and a great opportunity to work with multi-disciplinary projects spanning the breadth of the Agency's operations.
Responsibilities
- Lead Finance engagement on specific projects, as the Finance subject-matter expert for relevant Finance systems and processes.
- Confidently & proactively validate understanding and assumptions through collaboration with colleagues inside & outside Finance, to ensure key requirements, concerns and opportunities are identified, agreed, prioritised and documented.
- Contribute to system & process design decisions, leading on Finance requirements to make best use of system capabilities.
- Review and assure processes and new design proposals against internal requirements and best practice, providing positive challenge to achieve best outcomes and understand impacts.
- Report to the Head of Systems Accounting on matters relating to finance systems, and make recommendations for the endorsement of plans relating to these systems.
- Support the Head of Systems Accounting with demand management, capacity planning and relevant training & guidance across the Systems Accounting team, the wider Finance function and the Agency as relevant.
Person specification
The successful candidates will:
- Quickly build productive, supportive working relationships with expert colleagues in Finance, IT, operational areas and with suppliers, to understand and tackle complex problems together.
- Understand applicable accounting requirements, particularly Government standards and best practices (Government Financial Reporting Manual (FReM), Managing Public Money, Government Functional Standards and NOVA Functional Reference Model), and how these impact system design and development.
- Confidently and clearly explain technical finance IT functionality and accounting requirements in plain English - ensuring experts in Finance & Systems understand one another, to expertly communicate requirements, concerns and impacts to stakeholders at all levels both verbally and in writing.
- Ensure sufficient attention is given to documentation, assurance and testing of system design, fixes and enhancements to support financial control, audit and future maintenance requirements.
- Understand the business context of financial systems, working with stakeholders across disciplines to achieve the best possible outcomes for the Agency as a whole, building and sharing knowledge of the Agency's structures, processes and systems to support across the team where required.
- Be able to prioritise competing demands and take ownership of workplans and workload; working at pace to respond appropriately with confident, evidenced expert advice to support on-time delivery with understood, minimised risk.
- Engage with opportunities across the Government Finance Function, to network and share best practice across the sector.
- You will be required to attend an Insolvency Service office at one of the locations listed for 60% of your working time, and occasionally attend other locations. This will count towards your 60% attendance.
Essential Criteria
- Hold a recognised CCAB or CIMA Professional Accountancy qualification, such as ACA, ACCA, CIPFA, CIMA and membership of the relevant body; or will be a student member & undertaking the final stage of one of these qualifications, to complete remaining exams and log book within 2 years of taking up post. This will be a contractual obligation, with funding provided.
- Have recent practical experience in finance IT system design, improvement or management. Experience with Unit4 ERP (previously known as Agresso Business World) is desirable, but not essential.
Please note: This vacancy is advertised across 11 locations; however, Stratford and Croydon are only available to current Insolvency Service Staff. The advertised salary includes London weighting, which is only applicable to internal candidates.
Qualifications
You must hold a full accountancy qualification from a CCAB member body or CIMA; or be in the final level of study for one of these qualifications, and commit to complete these studies and log book to achieve full qualification within a maximum of 24 months from appointment. Successful applicants will receive funding towards their final CCAB/CIMA exams as appropriate.
Memberships
You must be a fully qualified current member of a CCAB accountancy institute or CIMA; or a part-qualified current student member of a CCAB accountancy institute or CIMA and in your final level of study. Details should be included in the CV section.
Behaviours
We'll assess you against these behaviours during the selection process: Working Together, Changing and Improving, Communicating and Influencing.
System Accountant employer: The Insolvency Service
The Insolvency Service is an exceptional employer, offering a supportive and inclusive work environment across multiple locations including Birmingham, Cardiff, and Manchester. With a strong emphasis on employee development, diverse team engagement, and opportunities to contribute to meaningful projects that enhance financial systems, employees can thrive both personally and professionally while making a significant impact on the community and economy.
StudySmarter Expert Advice🤫
We think this is how you could land System Accountant
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like The Insolvency Service. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace System Accountant
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to The Insolvency Service.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on The Insolvency Service's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at The Insolvency Service
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with The Insolvency Service.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at The Insolvency Service will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former The Insolvency Service employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.