Senior Financial Analyst – Institutional Financial Health and Governance
Permanent
Edinburgh/Hybrid
£45,942 - £53,478 (E3 Grade)
The Scottish Funding Council is Scotland’s tertiary education and research authority. Our ambition is to make Scotland an outstanding place to learn, educate, research, and innovate - now and for the future. So, naturally, we have a clear focus on recruiting the best people and developing them throughout their career. We invest around £2 billion every year, and our funding enables colleges and universities to provide life-changing opportunities for over half a million people.
Job Summary
To work individually and as part of the Governance, Infrastructure and Sustainability team (GIST), to carry out effective review and analysis of the financial health and governance of an allocated portfolio of institutions. To provide advice and support on financial, governance and wider policy matters to the sectors, Scottish Government and other internal and external stakeholders
GIST is responsible for monitoring and reporting on the financial health of institutions in a timely manner so it can be used to inform SFC operations. It is also responsible for building strong relationships with institutions and holding them to account and supporting them in their effective financial management, long-term financial planning, budgeting and forecasting. GIST is also responsible for leading on SFC’s capital investment projects and programmes. This is to ensure that our colleges and universities have appropriate buildings and estates to deliver SFC’s vision for the sector, and they make a significant contribution towards Net Zero and other responses to the climate emergency set by the Scottish Government.
Key Responsibilities
- Effectively manage workload arising from an allocated portfolio of institutions and designated lead specialism(s).
- Undertake effective review and analysis of financial health for an allocated portfolio of institutions in full compliance with professional accountancy principles and practices (Statement of Recommended Practice etc.), SFC policy and strategy, and Scottish Government financial guidance (e.g. the Scottish Public Finance Manual). This includes, as necessary, seeking expert external advice from specialists – e.g. legal advisors – to help inform recommendations and proposed actions.
- Draft concise and impactful reports and provide any other appropriate information in a timely manner to the Executive Team, SFC Board, Council and its committees, on the financial health and governance of an allocated portfolio of institutions. This is to inform SFC operations and ensure that the Council and key stakeholders are aware of the developing landscape of the sectors, including any specific concerns.
- Provide authoritative financial and governance advice to SFC, the sectors, and the Scottish Government . Share and promote good practice, for example, in relation to: college severance guidance; disposals of assets which have been paid for with money from the taxpayer; adherence to FE/HE governance codes; and the interpretation of government accounting and budgetary guidance.
- Through developing a business partnering approach, build strong relationships with institutions and support them in their effective financial management, long-term financial planning, budgeting and forecasting. This also includes:
- supporting and challenging institutions’ financial business cases and investment appraisals.
- working with SFC colleagues (particularly the Access, Learning & Outcomes team) to support institutions in finding solutions to complex business issues.
- deepening our capacity for explanation and analysis to enhance our understanding of institutions and options available for the future.
- Keep up to date on changes in technical accounting developments covering UK accounting as well as auditing standards and governance codes; also represent SFC in technical accounting meetings with institutions, other UK funding bodies, auditors and other key stakeholders.
- Represent SFC in negotiations and discussions with external bodies on matters concerning sector financial health and governance, in relation to the allocated portfolio of institutions.
Person specification
It is important through your CV / Cover Letter that you give evidence of proven experience of each of the following essential criteria:
Essential Criteria
- Fully qualified accountant. (CCBA / ACCA / CIMA / CIPFA)
- Good understanding of business analysis, planning, budgeting, audit and financial and non-financial control issues.
- Understanding of the Scottish and UK Government budgeting and accounting requirements and guidance.
- Understanding of technical accounting issues, with up-to-date knowledge of UK accounting and auditing standards and governance codes.
- Strong analytical and problem-solving skills - ability to analyse, interpret and communicate complex financial and governance issues to those with a non-financial background.
- Effective oral and written communication skills.
- Diligent and organised to manage self and to contribute to the work of team to meet changing organisational priorities.
- Excellent people skills and track record in forming and maintaining effective working relationships with staff across a wide range of stakeholders including education institutions and government bodies.
- Excellent numeracy skills.
- Able to establish and maintain good relationships with networks of key contacts
both internally and externally.
- Proficient in desk-top software packages particularly Advanced Excel skills.
Additional information
Location
SFC offers hybrid working for its employees. This means that whilst the role is based at our Edinburgh office, there is substantial opportunity to work from home most of the time. As a rule of thumb SFC expects that a minimum of three days a month in the office (on average) will achieve the benefits of its hybrid approach, however it is for the employee and their line manager to agree the balance between home and workplace working - determined primarily by business need. Please be aware that this role can only be worked from within the UK and not overseas. Relocation expenses are not available.
Key Rewards and Benefits
- Normal full-time hours of work are 35 per week. We will consider flexible working arrangements. A flexi-time system is in operation.
- Annual leave entitlement of 26.5 days pro-rata, rising to 30 days pro-rata after 4 years’ continuous service. Public and privilege holiday entitlement of 11.5 days pro-rata.
- A flexible approach to hybrid working, giving you flexibility to work from home for some of the time while also maintaining regular in-person contact with colleagues.
- Annual pay review: approved within the framework of the Scottish Government’s Public Sector Pay Policy.
- Eligibility to join the Civil Service Pension Scheme.
- Support for continuous professional development.
- Support for health and wellbeing, including generous occupational sick pay, free access to confidential advice and support through our 24/7 Employee Assistance Programme, Special Leave (paid and unpaid), a contribution to learning outside work through our Lifelong Learning Fund, free winter flu vaccination, and access to occupational health support.
The Selection Process
How to Apply
To apply, please send your CV and cover letter. The selection panel will use this evidence to assess your application against the selection criteria in the Person Specification section above. It is not mandatory to provide a cover letter but it can be beneficial to provide further evidence of your suitability against the essential skills. In your CV please also set out your educational and professional qualifications, and career history, with key responsibilities, dates and achievements. Please provide reasons for any gaps.
Expected Timeline:
The Closing date for applications is 14th July 2024, unfortunately late applications cannot be considered.
Your application will be reviewed by a Reed Recruitment Specialist who may invite you to an initial telephone screening call. The call will last up to 30 minutes, giving you an opportunity to discuss your relevant experience, the role and The Scottish Funding Council in more detail.
Should you application be progressed, the selection panel will assess your application by considering the evidence you have provided in your CV / Cover Letter. Please ensure your application demonstrates how you meet the criteria in the Person Specification for the role. The selection panel will then select the shortlist of candidates to take forward to interview stage.
Panel sift is due to take place 15th July 2024
Interviews are due to take place week commencing 22nd July (subject to change) We may be able to provide further flexibility based on your availability.
Please note, these dates could be subject to change.
Pre-Employment Checks
As part of our pre-employment process, we will ask you to provide relevant documentation to show that you are eligible to work in the UK and a Basic Disclosure Scotland certificate. You must be eligible to work in the UK to apply for this role; we do not offer sponsorships. We also take up references as part of this process. Expenses will be reimbursed for Basic Disclosure check. This will only be requested if you are appointed into the role.
Disability Confident
If you need any adjustments to support your application, such as information in alternative formats, please contact us and we’ll do everything we can to help. If you’re eligible under the Disability Confident Scheme please give details when prompted at the appropriate stage in the online application process.
The Selection Process
How to Apply
To apply, please send your CV and cover letter. The selection panel will use this evidence to assess your application against the selection criteria in the Person Specification section above. It is not mandatory to provide a cover letter but it can be beneficial to provide further evidence of your suitability against the essential skills. In your CV please also set out your educational and professional qualifications, and career history, with key responsibilities, dates and achievements. Please provide reasons for any gaps.
Expected Timeline:
The Closing date for applications is 14th July 2024, unfortunately late applications cannot be considered.
Your application will be reviewed by a Reed Recruitment Specialist who may invite you to an initial telephone screening call. The call will last up to 30 minutes, giving you an opportunity to discuss your relevant experience, the role and The Scottish Funding Council in more detail.
Should you application be progressed, the selection panel will assess your application by considering the evidence you have provided in your CV / Cover Letter. Please ensure your application demonstrates how you meet the criteria in the Person Specification for the role. The selection panel will then select the shortlist of candidates to take forward to interview stage.
Panel sift is due to take place 15th July 2024
Interviews are due to take place week commencing 22nd July (subject to change) We may be able to provide further flexibility based on your availability.
Please note, these dates could be subject to change.
Pre-Employment Checks
As part of our pre-employment process, we will ask you to provide relevant documentation to show that you are eligible to work in the UK and a Basic Disclosure Scotland certificate. You must be eligible to work in the UK to apply for this role; we do not offer sponsorships. We also take up references as part of this process. Expenses will be reimbursed for Basic Disclosure check. This will only be requested if you are appointed into the role.
Disability Confident
If you need any adjustments to support your application, such as information in alternative formats, please contact us and we’ll do everything we can to help. If you’re eligible under the Disability Confident Scheme please give details when prompted at the appropriate stage in the online application process.
Proud member of the Disability Confident employer scheme
Disability Confident
About Disability Confident
A Disability Confident employer will generally offer an interview to any applicant that declares they have a disability and meets the minimum criteria for the job as defined by the employer. It is important to note that in certain recruitment situations such as high-volume, seasonal and high-peak times, the employer may wish to limit the overall numbers of interviews offered to both disabled people and non-disabled people. For more details please go to
Disability Confident.