Financial Analyst

In recognition of the hurt caused by the infected blood scandal and highlighted by the Infected Blood Inquiry (IBI), the government has accepted the moral case for a compensation scheme to pay compensation to those infected and affected. This is a unique opportunity to shape, design and implement the organisation for a new Arm’s Length Body (ALB) – the Infected Blood Compensation Authority and build high performing teams.
Are you driven and ready for a short-term opportunity to make a real impact? This is a challenging and fulfilling role that requires pace, impact, sensitivity, and compassion., The Financial Advisor will sit within the Finance directorate, but work very closely with case managers in multifunctional teams to ensure that the right calculations are made in complex historic cases to deliver the proper compensation owed to beneficiaries in a timely manner. Being within the Finance directorate will offer financial advisors learning and development opportunities to grow a career.
The Financial Advisor will work very closely with Case Managers to progress beneficiaries’ cases by providing advice on the calculation of compensation, especially in the most complex of cases. This advice will inform decisions on compensation amounts.
Financial Advisors will be working with potentially incomplete and historic data and documents to inform judgements with analysis, while always keeping the needs of potentially vulnerable beneficiaries at the heart of everything that we do.
This is an exciting opportunity to shape learning and develop a world class service, working with policy and guidance in an agile environment. You will be working with uncertainty and ambiguity, helping the team to develop a minimum viable product and this will require adaptability, an innovative mindset and resilience.
We want you to shape how IBCA will deliver justice and an excellent service for claimants.
Please note that for the first few weeks there will be a requirement for you to be based on site full time whilst we develop the learning products together and build the team. Following this, hybrid working on a flexible basis will be available (at this stage we will comply with CO standards of at least 60% days in the office).,

• Collating financial data from existing schemes for the user;


• Compiling the financial package (total tariff-based compensation allocation, including loss of earnings calculations, reimbursement of probate costs and legal fees (infected estates) and netted off already received payments);


• Providing the financial breakdown of the package for case approval and liaising with corporate finance for payment processing;


• Calculating any payment adjustments based on reconsideration process.

Permanent opportunities to move to the new Infected Blood Compensation Authority (IBCA)
At the moment all IBCA roles are hosted by Cabinet Office. However, once the new authority is set up, it is anticipated that these roles may move over to the new Infected Blood Compensation Authority which will be a separate employer to Cabinet Office. This move of roles to the new IBCA will be via a TUPE/COSoP transfer. It is important to note that IBCA will be a public service employer, rather than Civil Service, but it is anticipated that employees will be able to join the Civil Service Pension Scheme and maintain continuity of service within the pension scheme.
Duration of post is subject to an individuals current employment contract terms., A reserve list may be held for a period of 12 months from which further appointments can be made.
Any move to Cabinet Office from another employer will mean you can no longer access childcare vouchers. This includes moves between government departments. You may however be eligible for other government schemes, including Tax Free Childcare. Determine your eligibility at https://www.childcarechoices.gov.uk
If successful and transferring from another Government Department a criminal record check may be carried out.
In order to process applications without delay, we will be sending a Criminal Record Check to Disclosure and Barring Service on your behalf.
However, we recognise in exceptional circumstances some candidates will want to send their completed forms direct. If you will be doing this, please advise Government Recruitment Service of your intention by emailing Pre-EmploymentChecks.grs@cabinetoffice.gov.uk stating the job reference number in the subject heading.
New entrants are expected to join on the minimum of the pay band.
Applicants who are successful at interview will be, as part of pre-employment screening, subject to a check on the Internal Fraud Database (IFD). This check will provide information about employees who have been dismissed for fraud or dishonesty offences. This check also applies to employees who resign or otherwise leave before being dismissed for fraud or dishonesty had their employment continued. Any applicant’s details held on the IFD will be refused employment.
A candidate is not eligible to apply for a role within the Civil Service if the application is made within a 5 year period following a dismissal for carrying out internal fraud against government.
If you are experiencing accessibility problems with any attachments on this advert, please contact the email address in the 'contact point for applicants' section.
Existing Civil Servants and applicants from accredited NDPBs are eligible to apply, but will only be considered on loan basis (Civil Servants) or secondment (accredited NDPBs). Prior agreement to be released on a loan basis must be obtained before commencing the application process. In the case of Civil Servants, the terms of the loan will be agreed between the home and host department and the Civil Servant. This includes grade on return.
This role is full time only. Applicants who wish to work an alternative pattern are welcome to apply however your preferred working pattern may not be available and you should discuss this with the vacancy holder before applying.
Please note terms and conditions are attached. Please take time to read the document to determine how these may affect you.
Reasonable Adjustment
If a person with disabilities is put at a substantial disadvantage compared to a non-disabled person, we have a duty to make reasonable changes to our processes.
If you need a change to be made so that you can make your application, you should:
Contact Government Recruitment Service via cabinetofficerecruitment.grs@cabinetoffice.gov.uk as soon as possible before the closing date to discuss your needs.
Complete the ‘Assistance required’ section in the ‘Additional requirements’ page of your application form to tell us what changes or help you might need further on in the recruitment process. For instance, you may need wheelchair access at interview, or if you’re deaf, a Language Service Professional.
Feedback will only be provided if you attend an interview or assessment.

Security
Successful candidates must undergo a criminal record check.
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:
o UK nationals
o nationals of the Republic of Ireland
o nationals of Commonwealth countries who have the right to work in the UK
o 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)
o 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)
o individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
o 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.

Diversity and Inclusion
The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information
This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).
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+ Strong mathematical and analytical capability;
+ Ability to work comfortably with financial models;
+ Ability to work with historical or incomplete data to make judgements on a balance of probability;
+ Strong sense of empathy;
+ Ability to communicate complicated calculations and judgements to potentially vulnerable beneficiaries.
Experience:
+ Strong experience working in an accountancy, actuarial or finance role;
+ Experience working with customers or the public., Degree (or NVQ6 or other equivalent) in accountancy, finance, mathematics, data science or other related subject area or the equivalent experience.
Desirable:
+ Experience of working with vulnerable clients and/or those living with long term health conditions;
+ Experience of delivering training.
Please refer to the attached Candidate Information Pack for further information., Degree (or NVQ6 or other equivalent) in accountancy, finance, mathematics, data science or other related subject area or the equivalent experience., This vacancy is using Success Profiles (opens in a new window), and will assess your Strengths, Ability, Experience and Technical skills.

Alongside your salary of £35,400, Cabinet Office contributes £9,558 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
+ Learning and development tailored to your role.
+ An environment with flexible working options.
+ A culture encouraging inclusion and diversity.
+ A Civil Service Pension which provides an attractive pension, benefits for dependants and average employer contributions of 27%.
+ A minimum of 25 days of paid annual leave, increasing by one day per year up to a maximum of 30.