Head of Capital Management at STFC

Salary: £45,272 per annum (dependent on skills and experience).

Hours: Full time

Contract Type: Open Ended.

Location: Rutherford Appleton Laboratory, Didcot, Oxon.

Closing Date: 6th April 2025

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.

Essential Skills/Qualifications/Experience:

• Management and development of the Fixed Asset Team;
• 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;
• Reconciling large data sets between Oracle PA and Oracle GL modules;
• Allocation of costs to individual assets;
• Using experience and judgement to determine appropriate level of asset componentisation/aggregation;
• Using experience and judgement to review transactions for non-capital costs;
• Using experience and judgement and working with Asset Holders to ensure individual assets are not held at values above their recoverable amount (fair value/value in use);
• To review the impairment or disposal of assets;
• The development, implementation & communication of FA related policies, procedures, and systems;
• Engagement in the quinquennial valuation of assets by professional valuers;
• Ensure adequate internal controls;
• Liaison with NAO and GIAA;

About UK Research and Innovation (UKRI):

UKRI launched in April 2018, UKRI is a non-departmental public body sponsored by the Department for Science, Innovation and Technology (DSIT). Our organisation brings together the seven disciplinary research councils, Research England, which is responsible for supporting research and knowledge exchange at higher education institutions in England, and the UK’s innovation agency, Innovate UK. Together we build an independent organisation with a strong voice and vision to ensure the UK maintains its world-leading position in research and innovation.

Choosing to come to work at UKRI means that you will have access to a whole host of benefits from a defined benefit pension scheme, excellent holiday entitlement, access to employee shopping/travel discounts and salary sacrifice cycle to work scheme.

The role holder will be required to have the appropriate level of security screening/vetting required for the role. UKRI reserves the right to run or re-run security clearance as required during the course of employment.

How we support EDI in the workforce:

At UKRI, we believe that everyone has a right to be treated with dignity and respect, and to be provided with equal opportunities to thrive and succeed in an environment that enables them to do so. We also value diversity of thought and experience within inclusive groups, organisations and the wider community.

Disability Confident Employer:

As users of the disability confident scheme, we guarantee to interview all disabled applicants who meet the minimum criteria for the vacancy/ies. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

How to apply:

Online applications only preferred for this role. Please submit a CV and covering letter which clearly outlines how you fulfil the criteria specified along with your motivation for UKRI and the role. Ensure that the job reference number is included in the filename description of each document uploaded. Note that failure to address the above criteria or submit an application without a covering letter may result in the application not being considered. Assessment will only be based upon the content of your submitted covering letter and CV and not the ‘experience’ section of the application.

UKRI seeks to ensure it creates and maintains a system of openness, fairness and inclusion – a collaborative, trusted environment, which is attractive to and accessible to everyone who is interested in developing their career with us.