Head of Financial Strategy – UKIFS Ltd

Job title:

Head of Financial Strategy – UKIFS Ltd

Company

CCFE

Job description

Company DescriptionThe UK Government has established UK Industrial Fusion Solutions (UKIFS) Ltd., a subsidiary of UK Atomic Energy Authority (UKAEA), to lead the charge in delivering fusion energy through design and delivery of the Spherical Tokamak for Energy Production (STEP) protype fusion plant. UKIFS is establishing itself, setting up the company, attracting talent, engaging with industry, developing a supply chain, and planning and constructing of the STEP prototype.Fusion energy, crucial for combating climate change and ensuring energy independence, is expected to be commercially viable by mid-century. The UK, led by UKIFS, aims for a prototype fusion plant, targeting first operations around 2040. UK Industrial Fusion Solutions Ltd. will lead delivery, collaborating with industrial partners and building a fusion supply chain with an estimated global sector value of £7tn per year. Join UKIFS and the STEP programme to be involved in this ground-breaking journey.As an employee of UKIFS, you will benefit from:

• Outstanding defined benefit pension scheme, details of which can be found at the end of this advert.
• Corporate bonus scheme up to 7% and a Relocation allowance (if eligible).
• Flexible working options including family friendly policies and the right to request flexible working from the start of your employment.
• Employee Assistance Programme and trained Mental Health First Aiders,
• Generous annual leave allowance starting with 25 days, plus 3 days Christmas closure and 2.5 privilege days, in addition to UK bank holidays
• Wide range of career development opportunities
• A vibrant culture committed to being fully inclusive

Job DescriptionFor more information on UKIFS, visit: .The salary for this role is £79,638. Onsite working is expected for 3 days a week, however, we actively support requests for flexible working.Employees of UKIFS can be based at either of our sites; West Burton, Nottinghamshire or Culham, OxfordshireThis role requires employees to complete an online Baseline Personnel Security Standard (BPSS) including The Disclosure & Barring Service (DBS) checks for criminal convictions.The RoleThe Head of Financial Strategy role is one of the first roles we are hiring in the UKIFS Finance Team playing a critical role in shaping the financial landscape of the company and ensuring the company achieves its business objectives by providing advice and guidance and financial strategy.As the Head of Financial Strategy, you will be responsible for creating and leading UKIFS Financial Planning and Analysis capability, working across the company and its Partners to deliver strategic insights and decision support tools to senior decision makers. The role will be responsible for establishing and leading the creation of the company’s medium and long-term financial plan and ensuring that it has the resources to achieve UKIFS strategic objectives and deliver the STEP programme.You will support the Finance Director in the financial transformation to a registered company that leads a complex major programme with large delivery partners from industry. Whilst this is an exciting challenge, you will need to be comfortable with uncertainty and ambiguity as we build UKIFS Ltd. and its team. The role will be helping to lead the establishment of a major programme and limited company at its foundation stage. This will provide you with an opportunity to set strategies and design and embed new procedures and processes.Key Accountabilities:

• Lead on setting the strategic direction, intent and shape of the UKIFS financial strategy and priorities for the company.
• Prepare and present advice to the CEO, Board and Executive Committee on how the UKIFS strategy can be translated into financial requirements, and provide robust advice on complex financial decisions and issues in a changing environment and a transforming organisation.
• Ensure finance is at the heart of all key decision making through oversight, support and challenge
• Work closely with the programme costing and the programme finance team to develop and manage UKIFSs medium and long-term financial planning model, including 3-year and 10-year rolling forecasts.
• Develop risk strategies to manage medium and long-term financial risk
• Monitor and analyse the company’s financial performance, identifying areas for improvement, and implementing changes to improve results.
• Leverage new technologies and innovative approaches to improve financial processes, reporting and decision-making
• Develop and use a deep understanding of the wider strategic, political and economic climate to ensure that UKIFS financial plans adapt to strategic threats and maximises strategic opportunities
• Provide financial analysis and strategic insights which support the evaluation of strategic investment options and prioritisation in the company
• Lead on cost optimisation, driving efficiency on corporate and operational processes without compromising quality or growth potential, and to ensure financial sustainability within the organisation.
• Establish strong relationships with senior stakeholders both internally and externally, in particular with other finance, commercial and programme colleagues in UKIFS, UKAEA Group finance, Whole Plant Partners, and senior UKIFS staff, as well as colleagues in wider government
• Build and lead a Financial Planning capability in UKIFS through hiring, coaching and development, providing leadership, guidance, mentorship and support

QualificationsEssential:

• Qualified accountant (ACA, ACCA, CIMA)
• Excellent financial skills gained in a complex organisation, of significant size and responsibilities.
• Proven experience in senior finance leadership roles
• Excellent analytical and modelling skills
• Extensive experience in strategic finance roles and ability to understand and exploit wider strategic context to the advantage of the company
• Excellent ability to operate, influence and negotiate with senior stakeholders
• Strong commercial acumen and demonstrated ability to apply finance and business principles to organisational financial strategy
• Effective communications skills with ability to analyse, interpret, and communicate complex data to a wide audience outside of the finance function including programme delivery teams and other key senior stakeholders, and inspire confidence in taking relevant stakeholders methodically through complex financial information
• Excellent interpersonal skills with the ability to build and maintain effective relationships, work effectively across matrix teams and support senior stakeholders both internally and externally

Desirable:

• Experience working in a matrix and project-based environment, and with the ability to manage multiple projects simultaneously.
• Experience working in major and complex procurement initiatives
• Experience in working in related roles outside of finance including strategy or commercial roles
• Experience working in both public and private sectors.
• Public Sector Finance Knowledge: Familiarity with the specific regulations processes and governance frameworks applicated to public sector organisations in the UK.

Additional InformationA full list of our benefits can be found here .We welcome talented people from all backgrounds who want to help us achieve our mission. We encourage applications from under-represented groups, particularly from women in STEM, people from Black British Caribbean and African, Pakistani and Bangladeshi British, and other ethnic minority backgrounds, people with disabilities, and neurotypical individuals. Our Executive team, supported by our ‘Head of Equality, Diversity and Inclusion’ (EDI) and Wellbeing and our EDI Networks actively promote Inclusion and takes steps to increase diversity within our organisation. We reinforce best practices in recruitment and selection and evaluate approaches to remove barriers to success.Please note that vacancies are generally advertised for 4 weeks but may close earlier if we receive a large number of applications.For applicants applying from outside the United Kingdom or those who have spent time outside the UK in the last five years, please visit the following link for information on criminal records checks: If your country of residence or previous residence is not listed on the website or if the UK Government does not have information on obtaining a criminal records check from that state, we regret to inform you that we cannot process your application.

Expected salary

£79638 per year

Location

Retford, Nottinghamshire

Job date

Thu, 23 Jan 2025 02:10:25 GMT

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