Financial Accountant FTC, Financial Reporting & Control

Department Overview The Financial Reporting & Control team is responsible for oversight and review of the financial control and accounting policy framework for the Bank of England (including the PRA) and its subsidiaries, including the Bank of England Asset Purchase Facility Fund (BEAPFF), and the Bank of England Alternative Liquidity Facility (BEALF). It is also responsible for preparation of the annual report and accounts and the weekly report and leads on testing requirements in respect of the general ledger.

The Financial accountant will be responsible for reporting on the Bank of England's balance sheet and income (split across different portfolios) and subsidiaries of the Bank. Reporting responsibilities includes both internal and statutory external reporting (annual report and accounts) and taking ownership of portfolios assigned to them and ensuring that Finance operates a robust control framework.

In addition, in 2026, the Bank intends to implement a new general ledger and new reconciliations systems as part of a significant transformation of IT and Central Services operating model. The jobholder will have an important role to shape and deliver this implementation, to upgrade the team's general ledger and reporting processes and improve financial reporting outputs and analysis for stakeholders.

The position will report into a Senior Financial Accountant.

Financial reporting

• Lead on the production of the annual report and accounts process for the Bank, Notes department, PRA, BEAPFF and BEALF ensuring they adhere to IFRS where applicable. Work with other business areas and external auditors as required (both the National Audit Office and EY) to meet financial reporting requirements and audit processes.
• Provide analysis and impact assessment on the Bank's statutory and internal reporting in light of any policy decisions and lead on presenting these at relevant committees.
• Reporting and management information for portfolios, including posting and overseeing the posting of month end adjustments into the general ledger, completing/reviewing reconciliations, obtaining substantiation, completing analytical review of movements and providing commentary.
• Completing daily/weekly profit and loss reports for assigned portfolios and working with front office to resolve any issues.
• Preparation of forecast and budget numbers and providing commentary and explanation of variances.
• Drive and lead on improvements in the financial control framework.

System change and general ledger improvements

• Lead on the system design change projects including holding working groups, guiding team members and internal stakeholders through test plans and documenting conclusions.
• Represent Finance and support the delivery of system change projects and understand the change to various system interfaces.

Accounting policy

• Able to understand and apply accounting standards for portfolios including effective communication of accounting matters to senior management.
• Interpret the impact of accounting standards on the necessary ledger accounting and support Technology and the front office in implementing the necessary changes.
• Support the decision makers in the Bank in understanding the accounting and disclosure implications of policy and investment decisions. Support the external auditors in their review of the Bank's accounting policy and disclosure approach.

Team building

• Support senior management with ad hoc projects and activities.
• Provide support across the financial control and reporting team.

• Be a qualified accountant (ACA/ACCA) with a minimum of 5 years post qualification experience, ideally in financial services and in financial control and statutory reporting (IFRS…