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For Companies At a Glance
- Tasks: Lead the Fixed Asset Team and manage capital projects daily.
- Company: Join STFC, a leading organisation in scientific research and innovation.
- Benefits: Enjoy 30 days of leave, flexible working, and an excellent pension scheme.
- Why this job: Make a real impact on financial accuracy while developing your career in a supportive environment.
- Qualifications: Experience in asset management and data reconciliation is essential.
- Other info: This role is open-ended with a closing date for applications on 6th April 2025.
The predicted salary is between 45272 - 45272 £ per year.
£45,272 gross per annum
UKRI Band E
Full Time
Rutherford Appleton Laboratory, Didcot, Oxon
Open Ended
Closing date: 6th April 2025
Job Overview
Responsible for the oversight and management of the STFC Fixed Asset Register ensuring Fixed Assets and AuC Capital Projects are accounted for and controlled on a day to day basis in accordance with IFRS/FReM and STFC/UKRI Policy. Fixed Asset balances represent a significant part of STFC's Statement of Financial Position. A properly maintained and accurate Fixed Asset Register is required to ensure the NAO do not qualify STFC/UKRI Statutory Accounts; Capital Projects also need to be managed to ensure that forecasting (out-turn) processes are robust and so cause no material impact at year end. In March 2023 STFC had 12,000 Fixed Assets valued at £2.70B (gross) £1.22B (net) and a further £71M of Assets Under Construction across 180 Capital Projects.
About You
Essential Skills/Qualifications/Experience
- (S) – Assessed at shortlisting
- (I) – Assessed at interview
- (S&I) – Assessed at both shortlisting and interview
Responsibilities Include:
- Management and development of the Fixed Asset Team; (S&I)
- Working with Management Accountants and Project Managers to ensure that Capital Projects are set up and accounted for correctly, and Fixed Assets are created in a timely manner; (I)
- Reconciling large data sets between Oracle PA and Oracle GL modules; (S&I)
- Allocation of costs to individual assets; (I)
- Using experience and judgement to determine appropriate level of asset componentisation/aggregation; (I)
- Using experience and judgement to review transactions for non-capital costs; (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!
- 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
How to Apply
Applicants are required to provide an up-to-date CV and a cover letter outlining their suitability for the role. Further information on how to apply is listed on our careers page.
Head of Capital Management at STFC employer: UK Research and Innovation
Contact Detail:
UK Research and Innovation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Capital Management at STFC
✨Tip Number 1
Familiarise yourself with IFRS and FReM standards, as these are crucial for the role. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the responsibilities outlined in the job description.
✨Tip Number 2
Network with professionals in capital management or those who have experience with Fixed Asset Registers. Engaging with industry peers can provide insights into best practices and may even lead to referrals that could strengthen your application.
✨Tip Number 3
Prepare to discuss your experience with large data sets and reconciliation processes. Be ready to share specific examples of how you've successfully managed similar tasks in previous roles, as this will showcase your practical knowledge and problem-solving skills.
✨Tip Number 4
Research STFC's current capital projects and financial position. Being knowledgeable about their recent activities and challenges will allow you to tailor your conversation during the interview, showing that you're genuinely interested in the organisation and its goals.
We think you need these skills to ace Head of Capital Management at STFC
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Head of Capital Management position. Understand the responsibilities and required skills, as this will help you tailor your application.
Craft a Tailored Cover Letter: Write a cover letter that specifically addresses how your experience aligns with the essential skills and qualifications listed in the job description. Highlight your management experience and familiarity with Fixed Asset Registers and capital projects.
Update Your CV: Ensure your CV is up-to-date and reflects relevant experience, particularly in managing fixed assets and working with financial data. Use clear headings and bullet points to make it easy to read.
Proofread Your Application: Before submitting, carefully proofread both your CV and cover letter for any spelling or grammatical errors. A polished application demonstrates attention to detail, which is crucial for this role.
How to prepare for a job interview at UK Research and Innovation
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the responsibilities and requirements of the Head of Capital Management position. Familiarise yourself with IFRS/FReM standards and how they apply to fixed asset management, as well as the significance of maintaining an accurate Fixed Asset Register.
✨Prepare for Technical Questions
Expect questions that assess your technical knowledge and experience in managing capital projects and fixed assets. Be ready to discuss your previous experiences with reconciling data sets and allocating costs, as well as your approach to asset componentisation and aggregation.
✨Showcase Leadership Skills
As this role involves managing a team, be prepared to discuss your leadership style and how you have successfully developed teams in the past. Share specific examples of how you've motivated team members and improved team performance.
✨Demonstrate Problem-Solving Abilities
Be ready to provide examples of challenges you've faced in previous roles related to capital management and how you resolved them. Highlight your analytical skills and judgement in reviewing transactions and ensuring compliance with policies.
