AMS PSR

On behalf of DWP, we are looking for a Commercial Finance Analyst for a 12 month (Inside IR35) contract based REMOTELY

The Department for Work and Pensions (DWP) is responsible for welfare, pensions, and child maintenance policy. As the UK’s biggest public service department, it administers the State Pension and a range of working age, disability and ill health benefits to around 20 million claimants and customers. As such, we operate on a scale that is almost unmatched anywhere in Europe and most people in Britain come into contact with us at some point in their lives.

Working with DWP, you will be helping us to drive our priorities to:

• Help people to move into work and support those already in work to progress, with the aim of increasing overall workforce participation
• Help people to plan and save for later life, while providing a safety net for those who need it now
• Provide effective, efficient, and innovative services to the millions of claimants who rely on us every day, including the most vulnerable in society
• Improve experience of our services while maximising value for money for the taxpayer.

You’ll be working in a small team of accountants providing advice to the Head of Commercial Finance, on the safe delivery of £bn’s worth of contracted services. You’ll support standardising the approach to commercial finance modelling activities across DWP’s major programmes including:

As a Commercial Finance Analyst, your main responsibilities will be:

• Support the business achieve their objectives and drive value for money by providing commercial and commercial finance strategic direction. Being a proactive enabler through strong relationship management and critical financial analysis.
• Provide Commercial with key financial support during complex contractual transitional changes which our commercial partners and market are currently undertaking.
• Support the delivery of financial analysis and cost intelligence projects across high-value procurement activities together with assessing supplier financial viability.
• Provide support for commercial finance engagement with stakeholders.
• Provide specialist advice and guidance to stakeholders and the wider organisation - including payment models, investment, make or buy decisions, ‘should cost’, financial due diligence and contractual terms.
• Advising stakeholders of Contractual financial risks and financial gap analysis including carrying out Financial Viability Risk Assessments.
• Manage financial risk in accordance with the Outsourcing Playbook, ensuring early warning and effective mitigation strategies are in place to support the business
• Contract/In-life Management – collaborate on the design of financial analysis during tender rounds and in-life contract management
• Payment methodology and design – working with operational colleagues to support the design of robust and fair payment mechanisms to maximise successful outcomes, whilst managing risk and achieve value for money for the taxpayer.
• Analyse and interpret supplier financial accounts as part of procurement activity and ongoing contract management to ensure suppliers have sufficient financial standing to safely deliver public services, including understanding application of IFRS (e.g. IFRS 15 Revenue from Contracts, IFRS 16 Leases)

Essential:

• Financial analysis skills
• Understanding of financial accounts and analysis techniques
• Excellent collaboration and partnering skills.
• Ability to analyse and interpret complex financial data and present in a concise easily understandable format.
• Sound understanding of financial accounts including ratios and trend analysis to identify emerging risks with supplier financial position
• Able to develop and maintain working relationships across team boundaries
• Excellent communication skills, both oral and written.
• Ability to work in a fast pace environment, to multi task and work across boundaries, demonstrating resilience.

Please be aware that this role can only be worked within the UK and not Overseas.

Disability Confident 

As a member of the Disability Confident Scheme, DWP guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group. This scheme encourages candidates with a disability and/or neurodivergence to apply. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.

Armed Forces Covenant

DWP guarantees to interview veterans or spouses / partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex-military candidates / military spouses or partners, who meet all of the essential criteria, we will interview the best candidates from within that group. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.

In applying for this role, you acknowledge the following "this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different".