• Salary: London: £44,630 - £47,500 / National: £41,630 - £44,500.
• Contract Type: Permanent
• Working Pattern: This post is available on a full time, part time or job share basis, and flexible working hours can be accommodated.
• Location: London / Norwich / Darlington

If you’re interested in making a difference to people’s lives, the Treasury can offer you an exciting opportunity to influence decision making that affects the whole of the UK. Working at the heart of government, we collaborate across government to promote responsible public spending and drive strong and sustainable economic growth. 

About the Team

The Exchequer Funds and Accounts team operate some of the most business-critical operations within the Treasury’s remit. This includes the funding of the public sector from the Consolidated Fund (CF), administering the gilts issued by the National Loans Fund (NLF), providing bridging finance from the Contingencies Fund (CtF), oversight of the UK’s gold and currency reserves which are held in the Exchange Equalisation Account (EEA), and production of the Central Funds accounts. The team is also responsible for ensuring the smooth flow of public finances through a suite of cash management operations and we are critical in providing forecasts to the Debt Management Office (DMO) to inform their cash management operations with the market.

EFA has 20 staff based across the London Office and the Darlington Economic Campus and is divided into four branches covering funds, cash management, accounts, and business continuity.

About the Job

In this role, you will:

• Ensure that the critical operations of the CF and NLF are completed accurately by the required deadlines taking due account of all legal, propriety and operational controls. This will include supervising the validation of complex gilt, IMF, and loan calculations, ensuring that any issues arising are dealt with promptly.
• Provide sound and timely policy and operational advice to other HMT teams and stakeholders, relating to the Central Funds.
• Work with key stakeholders including the Bank of England and the software providers on the continued development of payment infrastructure, working with system support colleagues to ensure that the integrity of EFA’s Treasury Management System is maintained.
• Owning the Solicitors Fines Operations workstream and working closely with Treasury Legal Advisors and external stakeholders to maximise Value for Money (VFM) for the Exchequer.
• Building and maintaining excellent relations with key and internal and external stakeholders and deputising for Head of Funds Operations at meetings.
• Ensure job Instructions are up to date and contribute to delivering the wider corporate and branch’s knowledge management.

The Exchequer Funds Manager is responsible for operational management of the Funds branch in EFA. The Funds branch in EFA administers the CF, NLF and CtF. The CF is a receipts and payments account and reports on tax receipts, cash provided to fund departments each year and standing services such as salaries and pensions to certain public and political officers. The NLF holds Government liabilities for gilts, National Savings & Investments products, partly balanced by assets in the form of advances to other public bodies and IMF quota subscription & lending among other items. The CtF is used to finance advances for urgent services and to provide funds required temporarily by government departments.

About You

The post holder needs to be able to deliver by vital deadlines by managing the Exchequer Funds operations in a way that fully protects the interests of the Accounting Officers for the main Central Government Funds. The role would suit someone who has experience of working in a numbers-based environment, who is strongly focused on operational control. Experience of the administration and settlement of financial instruments including gilts, loans and deposits is essential.

Some of the Benefits our people love!

• 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the King’s birthday (unless you have a legacy arrangement as an existing Civil Servant). Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month
• Flexible working patterns (part-time, job-share, condensed hours)
• Generous parental and adoption leave packages
• Access to a generous Defined Benefit pension scheme with employer contributions of 28.97%
• Access to a cycle-to-work salary sacrifice scheme and season ticket advances
• A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity

For more information about the role and how to apply, please follow the apply link.