Senior Financial Accountant - Fixed Asset Accounting

Civil Service

Senior Financial Accountant - Fixed Asset Accounting

£40808

Civil Service, Abertawe

  • Full time
  • Permanent
  • Onsite working

Posted today, 26 Sep | Get your application in now to be one of the first to apply.

Closing date: Closing date not specified

job Ref: fc55db7968a44d779f2406ced0dc4ea2

Full Job Description

As a Senior Financial Accountant (SFA) for the Driver and Vehicle Standards Agency (DVSA) you will be part of a specialist team that sits at the heart of the finance department. The team provides expert advice, support and challenge to DVSA managers, ensuring compliance with all statutory, regulatory and best practice accounting standards and requirements. We produce statutory reports and manage the balance sheet, as well as managing DVSA's fees and providing decision support around product costing and fees. Within the Financial Accounting team, the SFA - Fixed Asset Accountant will maintain governance and control over the fixed asset base of DVSA. This involves becoming the key point of expertise regarding DVSA's fixed asset register, supporting and contributing to the DVSA's capital strategy, ensuring compliance with IFRS and FReM, and producing regular monthly reports to Boards and the relevant elements of the Annual Report and Accounts. The job holder is expected to participate across the full breadth of the team's remit whilst specialising in Fixed Asset Accounting. The area of specialisation will be rotated through the team to encourage staff development. The individual will be expected to lead, motivate and manage staff on a rotational basis. This is an exciting opportunity for an individual with good accounting standards and technical accounting skills. These skills will need to be displayed and applied daily to complete tasks. In addition, there will be the opportunity to meet and build lasting relationships with stakeholders at all grades as well as plenty of development opportunities to either learn or build on existing knowledge. Responsibilities include, but are not limited to;

  • Manage and maintain the fixed asset records of the organisation, specifically ensuring the fixed asset registers are up-to-date, accurate and fully understood.
  • Manage and maintain the accounting for IFRS 16 leases, ensuring accurate registers of IFRS 16 leases are maintained, monthly IFRS 16 accounting entries are produced and reviewed, ensuring compliance with the standard.
  • Act as partner to the business for all matters associated with assets, in particular capital investment decisions, impairment reviews and analysis of capital spend.
  • Prepare Board level papers to support the governance of fixed assets (e.g. write downs, impairment reviews).
  • Manage and reconcile the Agency's revaluation reserve and general fund.
  • Provide the necessary input and expertise to the reporting processes (including budget, forecasts and long-term forecasts) through provision of depreciation forecasts and other asset-related adjustments.

    Are you an enthusiastic finance professional, who thrives in a constantly evolving environment?
  • Are you proactive, flexible and delivery focused? Do you have experience of fixed asset accounting in a complex, multi-site organisation?