Overview

Finance Adviser Job at HM Treasury – in London

About the Group

Public Spending Group

Public Spending Group sits within the HM Treasury Finance Ministry and is responsible for:

  • Setting the Government’s spending plans (spending reviews) and ensuring they are delivered;
  • Reporting to the public and Parliament on public spending (including estimates and Whole of Government Accounts); setting rules for budget management and the accounting framework;
  • Setting policy on public sector pay and pensions;
  • Driving up the capability of Government Finance and developing the management information, tools and frameworks to better understand and ensure value for money; and,
  • Work closely with the Cabinet Office to deliver the Efficiency Agenda.

About the Team

Government Financial Reporting (GFR) is a friendly and encouraging team that sits in the public spending group and prides itself in developing professional technical expertise and working collaboratively with its wide range of stakeholders. It leads on a number of critical finance ministry functions including:

  • Developing guidance and maintaining the integrity of the key financial management and reporting frameworks that underpin spending in central government – covering financial reporting, departmental budgeting and the Supply Estimates process (the means by which government spending is authorised by Parliament).
  • Producing major financial and statistical publications, including Public Expenditure Statistical Analysis and the Whole of Government Accounts (which consolidates the accounts of over 9,000 entities).
  • Providing advice to government departments and Treasury Spending Teams (who manage the Treasury’s spending relationship with departments) on complex or novel transactions – particularly in respect of the financial reporting and statistical classification (e.g. whether they are on or off the Government’s balance sheet).
  • Managing relationships with key independent external partners, including the National Audit Office, the Office for National Statistics, the Financial Reporting Advisory Board, and a number of accounting standards bodies both in the UK and internationally.

GFR comprises around 30 members of staff and provides exposure to a wide range of colleagues across the government finance function, as well as working on areas of emerging policy and risk management within government. The team is dynamic, and fully supports learning, development and growth.

GFR has four different workstream branches; you will work in the classifications and budgeting branch. The branch is primarily responsible for providing advice on statistical classification and budgeting issues (described in more detail in the accountabilities section below). This is a small branch (three people, including the postholder) but we work really closely together and with our colleagues across the GFR team and the Treasury more broadly.

Key Accountabilities

This is an exciting role that will allow the postholder to gain an in-depth understanding of the budgeting and statistical classification frameworks used to promote sound financial management across government. The postholder will be supported by team members to develop their communication, analytical and technical skills.

The key accountabilities of this role are:

  • Working closely with team members in Government Financial Reporting to provide high-quality advice on the expected statistical classification and budgeting treatment for the creation of new entities, restructuring of existing entities and major Government transactions during their policy development phase. You will lead on providing some advice and assist with other advice as appropriate.
  • Maintaining the Consolidated Budgeting Guidance document, which sets out the budgeting framework used throughout central government. This will involve liaising with colleagues across government and HM Treasury to ensure that the document is up-to-date and understandable.
  • Collaborating closely with teams across the Public Spending Group in HM Treasury to confirm that the OSCAR II financial management data system structure is fit for purpose from a budgeting perspective.
  • Monitoring and managing the risk related to statistical classification issues across government. This will include maintaining a risk register and helping to communicate classification risks to senior officials across HM Treasury.
  • Supporting the relationship between HM Treasury and the Office for National Statistics by working with ONS colleagues on specific classification issues.

Responsibilities

Sift criteria

Candidates – Please note, you will be asked to give evidence in your application of how you meet these criteria.

1. Ability to analyse and evaluate a range of information to make a clear recommendation (Making Effective Decisions)

2. Ability to establish strong working relationships with people who have different roles and perspectives (Working Together)

3. Ability to reassess workloads and priorities when there are competing demands to maintain performance (Delivering at Pace)

4. Ability to communicate in a clear and effective manner and to choose appropriate communication styles for different audiences, particularly the ability to explain technical issues to non-specialist colleagues (Communicating and Influencing)

5. Understanding of how financial or non-financial information can be organised and reported upon in information systems (Technical Skill)

The lead criteria is: Ability to analyse and evaluate a range of information to make a clear recommendation (Making Effective Decisions)

If we receive a large number of applications, applications will be assessed against this criteria alone first. They will then be assessed against the other criteria if they have met the minimum score on the lead criteria.

Recruitment Timeline:
Closing: Monday 26th April

Sifting: W/c 26th April

Interviews: W/c 3rd April

Behaviours

We’ll assess you against these behaviours during the selection process:

Making Effective Decisions

Working Together

Delivering at Pace

Communicating and Influencing

Managing a Quality Service

We only ask for evidence of these behaviours on your application form:

Making Effective Decisions

Working Together

Delivering at Pace

Communicating and Influencing

Technical skills

We’ll assess you against these technical skills during the selection process:

Understanding of how financial or non-financial information can be organised and reported upon in information systems.

Benefits

Flexible working arrangements:
HM Treasury views flexible working as essential in enabling us to recruit and retain talented people, ensuring that they are able to enjoy a long-lasting career with us. All employees have the right to apply for flexible working and there are a range of options available including; working from home, compressed hours and job sharing. Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month, providing you work enough hours to meet business need.

We also offer a generous maternity/ paternity and adoption leave package.

At HM Treasury we have an incredibly broad remit; our work touches every citizen of the country. So, it’s important our employees come from the widest possible range of backgrounds, bringing us the widest possible range of perspectives and ways of thinking. We are committed to ensuring that all staff are able to realise their potential and achieve a healthy work-life balance.

Benefits:

  • 25 days’ annual leave (rising to 30 after 5 years), plus 8 public holidays and the Queen’s birthday (unless you have a legacy arrangement as an existing Civil Servant)
  • Flexible working patterns (part-time, job-share, condensed hours)
  • Access to a generous Defined Benefit pension scheme with employer contributions.
  • Onsite restaurant and coffee bar. The London office also offers a gym, showers and prayer room
  • Access to a cycle-to-work salary sacrifice scheme, season ticket advances and payroll giving
  • Access to a retail discounts and cashback site
  • A Rental Deposit Advance Scheme to help meet the total costs of deposits for privately rented homes
  • A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity (e.g. women in the Treasury, ethnic minority network, LGBT* network, faith and belief network)

About the Company

Company: HM Treasury –

Company Location:  London

Estimated Salary:

About HM Treasury -