Current vacancies

Financial Accountant

Job details

No. of posts: 1
Vacancy Reference Number: OGA 008
Grade SEO
Salary range: £44,942 - £51,000 per annum
Location: London
Travel to other locations with UK? Yes
Occasional travel within the UK
Appointment Type Permanent
Appointment Term Full time
Level of Security clearance Basic
Medical required? No

Unless otherwise stated consideration will be given to requests to work on a part time or job share basis. Flexible working hours can also be considered.

Application details

Closing date for applications: 09 Jun 2017

Brief overview of role

The Financial Accountant is responsible for leading financial accounting for the Oil and Gas Authority and providing advice to the Head of Financial Reporting and Chief Financial Officer.

Detailed job description and key responsibilities

You will provide Finance and Accounting support to the Head of Financial Reporting and the Chief Financial Officer of the Oil and Gas Authority (OGA). The main purpose of the role is to:

Key Responsibilities:

  • To prepare Statutory Accounts – preparation of the primary financial statements and associated accounting notes ensuring clear working papers are maintained.
  • Submission of consolidation returns and liaison with BEIS Financial Accounts team.
  • To manage the general ledger and ensure the effective operation of key financial controls – including control account reconciliation, checking of salary output, production of audit trails, authorisation of manual journal entries and review of bad debts.
  • To produce monthly financial statements – including a monthly balance sheet, ensuring that all balance sheet accounts are fully reviewed and movements understood.
  • To account for fixed assets – accounting for additions, disposals and depreciation and adjusting fixed asset values to reflect current cost.
  • To ensure tax compliance – raising all paperwork in respect of benefits in kind – P46 car forms, P11d’s and P11d(b), PAYE settlement agreements, Non-Executive Directors’ travel, CT61 quarterly return, Class 1A and Class 1B NIC payments, arranging dispensation agreements, completion of monthly VAT return, liaison with and provision of corporation tax information to tax advisors, checking and filing of corporation tax return.
  • To manage cash and banking – ensure that payments and receipts are correctly processed and bank reconciliation reports produced. Production of monthly cash flow forecasts.
  • To manage your own performance to be accountable for meeting individual, team and corporate objectives.
  • To act in accordance with the Scheme of Delegation and ensure propriety and regularity in the handling of public funds.
  • To effectively assess and manage risks including reviewing risks register and highlight reports prepared by Finance and Contracts Manager.

Person specification

  • Competence 1: Delivering value for money - Work confidently with financial data to prepare annual accounts; recommend actions to achieve value for money and efficiency; cultivate and encourage an awareness of cost, using clear simple examples of benefits and how to measure outcomes; and follow appropriate financial procedures to monitor contracts to ensure deliverables are achieved.
  • Competence 2: Making effective decisions - Make decisions when they are needed, even if they prove difficult or unpopular; identify a range of relevant and credible information sources and recognise the need to collect new data when necessary from internal and external sources; explore different options outlining costs, benefits, risks and potential responses to each; and invite challenge and where appropriate involve others in decision making to help build engagement and present robust recommendations.
  • Competence 3: Leading and communicating - Take opportunities to regularly communicate and interact with staff, helping to clarify goals and activities and the links between these and Oil and Gas Authority’s strategy; recognise, respect and reward the contribution and achievements of others; communicate in a succinct, engaging manner and stand ground when needed; and communicate using appropriate styles, methods and timing, including digital channels, to maximise understanding and impact.
  • Competence 4: Managing a quality service - Promote a culture that tackles fraud and deception, keeping others informed of outcomes; develop, implement, maintain and review systems and service standards to provide quality, efficiency and value for money; and work with team to set priorities, goals, objectives and timescales.

Specialist Skills, Qualifications, Experience, Licenses, Memberships or Language

Essential Desirable
• You will be a fully qualified accountant and hold a professional CCAB, CIMA or equivalent accounting qualification.
• You must have experience of preparing UK Annual Financial Accounts.
• Experience in preparing annual statutory accounts in accordance with International Financial Reporting Standards.
• Demonstrate an understanding of government accounting practices and policies.
• Demonstrate a technically sound knowledge of International Financial Reporting Standards (IFRS).
• Ability to work under pressure, to deadlines and managing multiple priorities whilst maintaining accuracy and attention to detail.
• Experience to an advanced level in Microsoft Excel and good working knowledge of other Microsoft Office applications.
• Self-motivated and able to use initiative.
• Experience of working in finance within public sector.
• Previous line management experience.

Application Process and Further Information

Unfortunately you do not meet minimum nationality and educational requirements of this position.

To apply please send a covering letter and CV quoting the recruitment reference number and job title to

You should provide examples in your covering letter that best demonstrate your skills and abilities against the competencies and specialist skills. The maximum word count against each competence example is 250 words. The information you provide will be assessed during the short listing stage and if you are invited to attend an interview, the indicated competence areas will discussed further.

When completing your application, you should use the STAR format (Situation, Task, Action and Result) methodology for each competence. All appointments are subject to successful completion of pre-employment checks

For further information please see the Information to Candidates pack (PDF)

Additional information on what you can expect as an Oil and Gas Authority employee

Equality and diversity statement

The OGA is committed to embedding equality and diversity into all our policies and processes. We will aim to recruit, retain and promote staff on the basis of competence and regardless of characteristics including those listed under the Equality Act 2010. These protected characteristics are; age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion and belief, sex and sexual orientation