About the job

Job summary

If you’re interested in making a difference to people’s lives, the Treasury can offer you an exciting opportunity to influence decision making that affects the whole of the UK. Working at the heart of government, we collaborate across government to promote responsible public spending and drive strong and sustainable economic growth.  

Our work ranges from protecting customers through the regulation of the financial sector, helping to reduce carbon emissions and creating a greener economy, to promoting British trade around the world and supporting people across the country on jobs, growth and more.  

HM Treasury is proud of a diverse and inclusive work environment, committed to fairness and the promotion of equality of opportunity for all. We know that having a range of experiences, ways of working and thinking makes us stronger and better at developing policy that reflects the needs of every community. We embrace different views and experiences and value the new perspective that people from a variety of circumstances bring to the work we do. We welcome applications from candidates who have not previously worked for the Civil Service, mid- and late-career changers with transferrable skills, people from all backgrounds and circumstances regardless of disability, gender, age ethnicity, LGBT+ identity and socio-economic status.  

We are part of the Darlington Economic Campus, a pioneering new cross-government hub which brings people together to play an active role in the most important issues of the day whilst working closer to the communities we serve. The campus provides the opportunity for people from all over the UK to help shape the future of the country, and our flexible working practices ensure you can collaborate effectively with our partners. It’s central government, made more accessible to you! 

Job description

The Public Spending Group is a high-profile and rewarding place to work. We help the Chancellor decide what to spend £1.2trillion a year on and ensure government delivers value for money for the taxpayer. We are responsible for reporting to Parliament and the public on how taxpayers’ money is spent. We drive forward improved outcomes and efficiency in public services and make sure value for money is at the centre of decision-making through better evaluation, data and analysis.

We advise on overall government policy on public sector pay and pensions, the biggest single driver of public spending. We collaborate with and directly support departments to deliver the Government Finance Function strategy, building finance, debt and risk capability across government and developing the management information, tools and frameworks to better understand and ensure value for money.

Government Financial Reporting Team

Government Financial Reporting (GFR) is a friendly and encouraging team that sits within the Public Spending group and prides itself in developing professional technical expertise and working collaboratively with its wide range of partners. 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. This covers 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 10,000 entities.

• Providing advice to government departments and Treasury Spending Teams 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 broad range of colleagues across the Government Finance Function, as well as working on areas of emerging policy and risk management within government. We are a dynamic team, and we fully support learning, development and growth.

If you want the opportunity to apply your technical knowledge while helping to influence and shape government policy, this is the role for you! As Senior Financial Reporting Policy Manager you will apply your skills to helping to develop financial reporting policy for central government and shaping financial reporting policy for the wider public sector. We collaborate with external partners – including other government departments, professional accountancy organisations, and the devolved administrations - on high profile financial reporting issues.

Key accountabilities for this role include:

• Maintain and improve the quality of the Government Financial Reporting Manual (the FReM), and support colleagues to deliver the commitments from the Government Financial Reporting Review
• Lead on specific policy areas to help improve the quality of financial reporting across the public sector. You will have responsibility for owning the process, liaison with interested parties and implementation.
• Deliver the adaptation and implementation of new accounting standards in the public sector, working with the Financial Reporting Advisory Board to ensure that accounting standards are appropriate and tailored to the public sector context.
• Provide support and advice to organisations across government on the implementation of changes to the FReM and financial reporting requirements
• Contribute to thematic reviews on key financial reporting areas, carrying out deep dives of high profile subject areas to support continual improvement in financial reporting
• Build relationships with colleagues within the Treasury, partners across government, and in the accountancy profession. Work collaboratively with key partners to drive improvements in financial reporting in central government annual reports and accounts.

Knowledge of wider public sector financial frameworks (e.g. Financial Reporting Manual, Managing Public Money, the Consolidated Budgeting guidance etc.) would be desirable.

If you would like to speak to the hiring manager informally prior to the closing date for applications to find out more about the job, please contact Louise Armstrong (louise.armstrong@hmtreasury.gov.uk).

Person specification

We are looking for the below skills, experience and behaviours and we will ask you to demonstrate these in your application form. Please review the Candidate FAQ document that is attached to the advert for guidance on how to complete your application form.

1. Strong technical knowledge of International Financial Reporting Standards or the International Public Sector Accounting Standards [Technical Skill]
2. The ability to weigh up incomplete and/or conflicting evidence, and strategic considerations, to reach sound judgements on complex issues [Making Effective Decisions]
3. Strong communication and stakeholder management skills, with a proven track record in working confidently across teams to develop effective working relationships with a wide range of stakeholders [Working Together]
4. Ability to lead short- and long-term projects in parallel, working through others where needed to ensure that targets are met [Delivering at Pace]

The lead criterion is: Technical Skill - Strong technical knowledge of International Financial Reporting Standards or the International Public Sector Accounting Standards

If we receive large volumes of applications, we will conduct an initial sift on the lead criterion only.

Required Qualifications:
Professional Accountancy Qualification (CCAB or equivalent)

Benefits

Alongside your salary of £52,960, HM Treasury contributes £14,299 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

Things you need to know

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Strengths, Experience and Technical skills.

Recruitment Timeline 

Closing date: 10 April 2024

Shortlisting: w/c 8 April 2024

Interviews:  w/c 15 April 2024

This timeline is indicative and may be subject to change. We will inform you if there is a substantial change to the recruitment timeline. 

If your contact details change at any time during the selection process, please ensure you update your Civil Service Jobs Profile. 

Please note that only applications submitted through Civil Service Jobs will be accepted.

Location-Based Reserve Lists 

You will be placed on a reserve list if your application is successful, but we cannot offer you a post immediately. Where more than one location has been advertised, candidates will be approached for roles in merit order according to the first preferred location stated on your application form. 

Please note that a place on the reserve list does not guarantee an offer. We would still encourage you to apply for other HM Treasury opportunities that you are interested in. If you are offered a role in your first preferred location and you decline the offer or you are unable to take up the post within a reasonable timeframe, you will be removed from the reserve list, other than in exceptional circumstances. 

Eligibility Statement  

A candidate is not eligible to apply for a role in the Civil Service if the application is made within a 5 year period following a dismissal for carrying out internal fraud against government. Checks will be performed as part of pre-employment checks in line with this. Please refer to the Candidate FAQ document attached to the advert for more information. 

Individuals appointed to the Treasury Group will be subject to National Security Vetting. To allow for meaningful checks to be carried out applicants will normally need to have lived in the UK for at least 3 out of the past 5 years. A lack of UK residency in itself is not always a bar to security clearance but the Department will need to consider eligibility on a case by case basis using all information that can be obtained following a successful application. 

Everyone working with government assets must complete Baseline Personnel Security Standard (BPSS) checks.  

For many roles, security clearance is also required. Successful candidates must meet the security requirements of the role before they can be appointed. The level of security clearance required for this role is Security Check (SC) 

Please read the Vetting Charter for information on what to expect during the vetting process and what will be expected from you.  

Many areas of your life may be explored during your vetting journey, and it is important that every individual, regardless of their background and experiences, should feel comfortable going through this personal process, whilst having confidence that it is fair, proportionate, and inclusive.  

These short videos address common concerns and preconceptions which applicants may have about national security vetting.  

If you have questions relating to security clearances, please contact HMTSecurityVetting@hmtreasury.gov.uk

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window). People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window). The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria. The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.