Financial Controller - UKIFS Ltd

STEP

  • Retford, Nottinghamshire
  • £83,421 per year
  • Permanent
  • Full-time
  • 23 days ago
  • Apply easily
Company DescriptionThe UK Government has established UK Industrial Fusion Solutions (UKIFS) Ltd., a subsidiary of UK Atomic Energy Authority (UKAEA), to lead the charge in delivering fusion energy through design and delivery of the Spherical Tokamak for Energy Production (STEP) protype fusion plant. UKIFS is establishing itself, setting up the company, attracting talent, engaging with industry, developing a supply chain, and planning and constructing of the STEP prototype.Fusion energy, crucial for combating climate change and ensuring energy independence, is expected to be commercially viable by mid-century. The UK, led by UKIFS, aims for a prototype fusion plant, targeting first operations around 2040. UK Industrial Fusion Solutions Ltd. will lead delivery, collaborating with industrial partners and building a fusion supply chain with an estimated global sector value of £7tn per year. Join UKIFS and the STEP programme to be involved in this groundbreaking journey.As an employee of UKIFS, you will benefit from:
  • Outstanding defined benefit pension scheme, details of which can be found at the end of this advert.
  • Corporate bonus scheme up to 7% and a Relocation allowance (if eligible).
  • Flexible working options including family friendly policies and the right to request flexible working from the start of your employment.
  • Employee Assistance Programme and trained Mental Health First Aiders,
  • Generous annual leave allowance starting with 25 days, plus 3 days Christmas closure and 2.5 privilege days, in addition to UK bank holidays
  • Wide range of career development opportunities
  • A vibrant culture committed to being fully inclusive
The salary for this role is £83,421 and our hybrid working policy is to be onsite for 3 days per week.Job DescriptionFor more information on UKIFS, visit:This vacancy is to be based at the UKIFS site in West Burton, Nottinghamshire.This role requires employees to complete an online Baseline Personnel Security Standard (BPSS) including The Disclosure & Barring Service (DBS) checks for criminal convictions.The RoleAre you looking for an exciting opportunity to make a difference on a global scale? Join our team and contribute to the future of fusion energy as Financial Controller in the UKIFS Finance Team. In this role you will play a pivotal role in ensuring the company’s financial health and compliance with all relevant standards and regulations, delivering a robust financial control framework and accurate financial reporting as UKIFS transitions to a company with increasingly complex financial processes and transactions as it designs and builds a prototype fusion energy plant.You will support the Finance Director in the financial transformation to a registered company that leads a complex major programme with large delivery partners from industry. Building a company within fusion is new to the UK, and whilst this is an exciting challenge, you will need to be comfortable with uncertainty and ambiguity as we build UKIFS Ltd. and its team. The role will be helping to lead the establishment of a major programme and limited company at its foundation stage. You'll have the opportunity to build a team, set strategies and design and embed new procedures and processes as the company develops.Additional Responsibilities:
  • Build and lead an effective financial control team through hiring, coaching and development, providing leadership, guidance, mentorship and support
  • Develop and implement robust internal controls to safeguard company assets and ensure the accuracy of financial records
  • Ensure the responsible use of public funds across the company
  • Lead on the production of the UKIFS annual report and accounts, and financial reporting to our Shareholder and to government, managing internal audit and external audit processes and ensuring that reporting meets relevant standards with statutory law and financial regulations
  • Establish strong relationships with senior stakeholders both internally and externally, in particular with UKAEA Group finance, the UKIFS Audit and Risk Committee, internal and external auditors, industry Partners, and senior UKIFS staff
  • Provide technical accounting advice to the business on application of accounting standards and any budgeting implications of complex transactions
  • Senior service delivery owner in UKIFS Finance for the Corporate Services agreement with our parent, UKAEA.
QualificationsEssential Requirements:
  • Qualified accountant, with significant post qualification experience in senior leadership as a Financial Controller or similar role.
  • Public Sector Finance Knowledge: Familiarity with the specific regulations processes and governance frameworks applicated to public sector organisations in the UK.
  • Excellent technical accounting skills gained in a complex organisation of significant size and responsibilities, with an in depth understanding of financial statements, reporting standards, compliance requirements, and internal and external audit processes.
  • Strong financial risk management experience involving identifying and assessing financial risks, implementing risk mitigation strategies, and maintaining an effective control environment in an organisation.
  • Effective communications skills with ability to analyse, interpret and communicate complex data to a wide audience outside of the finance function including key senior stakeholders such as the Audit Committee and the Board, and inspire confidence in taking relevant stakeholders methodically through complex financial information
  • Excellent leadership skills with the ability to build inspire and motivate finance teams.
Additional InformationA full list of our benefits can be found hereWe welcome applications from under-represented groups, particularly individuals from black and other ethnic minority backgrounds, people with disabilities, and women. Our Executive team, supported by our 'Equality, Diversity and Inclusion' (EDI) Partner and Inclusion Ambassadors, actively promotes EDI and takes steps to increase diversity within our organization. We reinforce best practices in recruitment and selection and evaluate approaches to remove barriers to success.Please note, this advert will be closed on the 14th of September.For applicants applying from outside the United Kingdom or those who have spent time outside the UK in the last five years, please visit the following link for information on criminal records checks: If your country of residence or previous residence is not listed on the website or if the UK Government does not have information on obtaining a criminal records check from that state, we regret to inform you that we cannot process your application.

STEP