Financial Reporting Changes Business Analyst

Public Sector Resourcing
Financial Reporting Changes Business Analyst – Inside IR35 Contract term: 6 months (31/03/2024) Contract Authority: UKEF Location: Hybrid working (1 day in London office per week and 4 days WFH) UK Export Finance (UKEF) are the UK’s export credit agency and a government department, working alongside the Department for Business and Trade as an integral part of its strategy and operations. UKEF works with over 100 private credit insurers and lenders to help UK companies access export finance (the particular class of loans, insurance policies or bank guarantees that enable international trade to take place as easily and securely as possible). UKEF exists to complement not compete with the private sector, helping UK companies to: win export contracts by providing attractive financing terms to their buyers fulfil contracts by supporting working capital loans get paid by insuring against buyer default UKEF supports exports for any size of company and across all sectors, from capital goods to services and intangibles such as intellectual property. It is an organisation that joins elements of Financial Services and the Civil Service to ensure that its mission of advancing prosperity by ensuring no viable UK export fails for lack of finance and insurance, doing that sustainably and at no net cost to the taxpayer, is successful. Financial Reporting Changes Programme The Financial Reporting Changes Programme is UKEF’s implementation of the changes to accounting standards (IFRS9 – Financial Instruments, covering most of its loan and guarantee portfolio, and IFRS17 – Insurance, covering its insurance products and some guarantees). These accounting standard changes mean a change to processes, policies, systems, and required data, introducing new ways of calculating the cost of risk and how we define our contracts as being profitable or otherwise. As part of this work, we are also replacing our core Financial System and General Ledger with significant changes to our architecture. P05 – Data Sourcing and Financial Data Store Project 5 in the programme, Data Sourcing and Financial Data Store is a key project without which most of the programme will be unable to deliver its outcomes. This project will be delivering an operational database, sourcing information from across the organisation (from different systems), integrating it and presenting it to calculation engines and risk models. The Financial Data Store (FDS) then picks up the outputs from these and moves the data into a rules engine, before then working with the outputs into the new ledger. This project includes identification and sourcing data from across corporate systems, ETL and Database creation, delivery of bespoke calculations and then working with the reporting teams to delivery the outputs required. FDS Business Analyst The FDS Business Analyst roles are there to help provide the bridge between the accountants, risk, operations and business group and the Digital, Data and Technology (DDAT) team members. You would be working alongside other Business Analysts within a multi-disciplinary team to turn the accounting and risk requirements into a sequence of Epics, Features and user stories to be delivered by the development teams, both in source systems and in the new FDS. The roles will be supporting the solution design team with any bespoke calculations models and with working with the business to help design the new dashboard, operational user interfaces and reporting requirements. This role requires experience in either UKEF, or an insurance or banking organisation who have gone through the IFRS process. The role should be comfortable working in an Agile development environment and working with bridging a finance/risk/business gap. Previous knowledge of ACBS (a Fidelity Information Systems product) would be beneficial as would experience working with a data warehouse. Please note this role requires Active SC clearance The main duties and responsibilities of the Financial Reporting Changes Business Analyst would be: Requirements Analysis Data Modelling Process Modelling The application of one or more formal project delivery methodologies Effective stakeholder management applied across business and technical staff at all levels within the organisation Support of development & test roles within a project environment You’ll have: Experience as a Business Analyst on projects which have had significant financial components Experience working within UKEF; another ECA or in the Insurance or Banking sector on IFRS9 or 17 Translation experience The ability to plan and manage a diverse and complex workload, keeping sight of priorities and target dates A high standard of communication in writing and with diagrams. Accounting or Financial Product qualifications or experience Experience of requirements elicitation and documentation across a number of user areas Data modelling experience (Logical & Physical) Process modelling experience (Business and Technical) Experience with Agile working It would be great if you also had: Experience working in an environment that employs change control; An understanding of: SQL server; SharePoint Fidelity ACBS Salesforce; CODA MS Dynamics Insurance or Banking sector on IFRS9 or 17 experience Wide-ranging appreciation of available commercial software; Detailed understanding of relationship between UKEF core systems. If this role sounds like something that you would be interested in, please click the link to apply or get in touch with (url removed) Should you require reasonable adjustments at any point during the recruitment process or if there is a more accessible way for us to communicate, please do let me know. If you consider yourself to have a disability or if you are a veteran, and you meet the essential criteria for the role, PSR provides a ‘Guaranteed Interview’ scheme whereby you will have the opportunity to discuss this role and your suitability with a member of our PSR Sourcing team. If you qualify, please notify us on and we will be in touch. 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. Please be aware that this role can only be worked within the UK and not Overseas