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Financial Assessor (Infected Blood Compensation Authority)
Salary not available. View on company website.
Cabinet Office, Newcastle upon Tyne
- Onsite working
- Full time
- Temporary
Posted 1 day ago, 21 May
Job ref: c68cacdfaf14440fa696b79b72e60aa4
Full Job Description
We invite you to join our Operations Directorate as a Financial Assessor. In this pivotal role, you will collaborate closely with Claim Managers and Service Integrity & Innovation (Fraud and Error) colleagues to ensure accurate calculations in complex historic cases, delivering the compensation people who wish to claim are owed promptly and fairly.
As part of the role you will:
+ Lead payment reporting and forecasting. (incl payment forecasts, cash management forecasts, error reporting);
+ Conduct financial assurance for payments. (Right person, right time. Payment issue resolution. Calculation checking);
+ Undertake a complex calculation as part of the compensation calculation including financial assessment for exceptional loss supplemental award;
+ Assist with Quality Assurance (non-financial) as demand dictates;
+ Offer expert guidance on compensation calculations to progress cases effectively;
+ Lead initiatives in an agile environment, contributing to the development of a product while embracing challenges with adaptability and innovation;
+ Ensure Accurate Compensation Calculations: Provide expert validation and assurance for compensation calculations, guaranteeing fairness and accuracy in all cases;
+ Maintain Process Assurance and Compliance: Uphold and reinforce robust processes to ensure compliance with policies and regulations, fostering integrity and transparency;
+ Guarantee Payment Accuracy: Conduct meticulous checks to confirm payment amounts are correct, ensuring claimants receive what they are rightfully owed;
+ Running reports for finance: Actuals: awards made, payments made, current stock of liabilities; cash forecast: live claims likely to be awarded; lump sum and recurrent payments forecast;
+ Creating more sophisticated modelling for payment forecasts once we see actual claimant choices, values and volumes., Should you be successful at sift, you will be invited to attend an interview where you will be assessed on experience and strengths.
Expected timeline (subject to change)
Expected sift date - WC 16th June 2025
Expected interview date/s - WC 23/06/2025
Interview location - Your interview will be conducted face to face in Newcastle.
Reasonable adjustments
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 recruitment.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.
Further information
If you are experiencing accessibility problems with any attachments on this advert, please contact the email address in the 'contact point for applicants' section.
A reserve list will 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; for further information visit the Childcare Choices website.
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.
Please note terms and conditions are attached. Please take time to read the document to determine how these may affect you.
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:
+ UK nationals
+ nationals of the Republic of Ireland
+ nationals of Commonwealth countries who have the right to work in the UK
+ 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)
+ 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)
+ individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
+ 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).
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.
Please note that the mission of IBCA means that it is likely to be operational for a period of approximately 5 to 7 years. When IBCA's work begins to wind down, IBCA employees will receive support and practical guidance to find a new role, whether in the Civil Service, another Arms Length Body (ALB), or an external employer., + A strategic thinker with a passion for delivering justice and excellence in financial services;
+ A financial professional, proficient and confident with complex information and numbers;
+ An adaptable team player with resilience and an innovative mindset to thrive in uncertainty and ambiguity;
+ Strong mathematical and analytical capability.Ability to work comfortably with financial models;
+ Demonstrable experience of key attention to detail;
+ Ability to communicate complicated calculations and judgements to potentially vulnerable claimants;
+ Ability to work Independently and as part of a team;
+ Strong experience working in an accountancy, actuarial or finance role;
+ Experience working with customers or the public;
+ Degree/NVQ6/equivalent or working towards qualification in accountancy/finance/mathematics/data science or significant work experience in an equivalent role.
Desirable criteria:
+ Experience working in Compliance;
+ Experience of working in a challenging compliance environment;
+ Experience of delivering training., Degree/NVQ6/equivalent or working towards qualification in accountancy/finance/mathematics/data science or significant work experience in an equivalent role.
For the first 6-8 weeks, there will be a requirement for you to be based on site full time (9am-5pm) whilst we learn together and build our team. Following this, you will be expected to work from the office at least 80% of the time (full time if you choose to do so).
Our telephony opening hours are Monday-Friday, 9am-5pm and whilst we do offer some flexibility, ensuring sufficient cover for our claimants will be paramount and as such we require you to be flexible., Alongside your salary of £36,728, Cabinet Office contributes £10,640 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 employer contributions of 28.97%.
+ A minimum of 25 days of paid annual leave, increasing by one day per year up to a maximum of 30.