This role is in the central Financial Accounting and Control Team (FACT).
The team is the hub for all financial operational and control functions including treasury management, VAT, purchase to pay support and managing the relationship with DCMS’ shared services provider.
In addition to being DCMS’ financial accounting Centre of Excellence, the team leads in the production of the consolidated accounts of the DCMS Group and manages the National Lottery Distribution Fund.
The DCMS Finance team (of which FACT is an integral part) is relatively small and this provides opportunities for development not always found in a bigger department. Finance is high on the agenda and provides the opportunity to influence the direction of the Department for the future.
We are recruiting a team leader, reporting to the Head of Financial Control and Operations, your primary responsibilities are:
- Managing the accounting transactions for the DCMS covid loan book, made up of the Cultural Recovery Fund and the Sport Survival Package with an outstanding balance at 31 March 2025 of £327m.
- Updating the Expected Credit Loss models at Supplementary Estimate and year-end to ensure accurate forecasting and reporting.
- Working closely with the Loans Policy team to track repayments, defaults and working through any reprofiling requests.
- Liaising with the National Audit Office and ensuring all necessary documentation is available for audit.
- Reviewing the year-end data collection packs submitted by ALBs for the DCMS Group accounts to ensure these are complete, accurate and the submitted data passes all validations.
- Preparation, reviewing, sense checking and proofreading of final DCMS Group accounts, including commissioning other sections, challenge and review and collation into a single cohesive document.
- Working across the team to support other areas, share knowledge and build resilience in the team, supporting our vision as a high performing technical accounting Centre of Excellence, focussed on continuous improvement.
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