Finance Project Lead – Professional Indemnity Insurance, Building Safety Programme

Department for Levelling Up, Housing & Communities Logo
Closing Date: 12/10/2022
Contract Permanent
Working Hours Flexible, Full Time, Part Time
Location Darlington
Salary £48,197
Company Department for Levelling Up, Housing & Communities

Job Description

Following the Grenfell Tower Tragedy, the Department of Levelling Up, Housing and Communities established the Building Safety Programme with the aim of ensuring high-rise buildings are safe, and that residents feel safe in them, now and in the future. Our buildings are inter-generational assets. The way that we shape, regulate, repair, remediate our built environment affects the peace of mind of everyone; the financial interests of hundreds of thousands; the health of major parts of the economy; and the legacy we leave subsequent generations. We are rebuilding confidence in building safety by putting past errors right; re-shaping the industry and its regulators; and ensuring our buildings will be fit for the future.

One of the key objectives of the Directorate is to address fire safety concerns in existing buildings. Government has made substantial amounts of funding available to building owners to enable them to undertake remediation of unsafe cladding on high rise buildings. Competent professionals are needed to undertake the work.

Our division, Financial Markets and Insurance, addresses the insurance challenges of building safety.

The Commercial Management and Delivery (CMD) team is a new operational delivery team that will oversee and contract manage, and report on, the Government-backed Professional Indemnity Insurance (PII) Scheme for fire safety professionals to conduct External Wall Safety (EWS1) surveys. This role sits within the CMD team.

Financial Markets and Insurance division is a supportive, collaborative place to work, leading on high profile and fast-paced issues, and dealing with urgent, complex and challenging policy issues, operational requirements and political demands.

This team plays a central role in support of the division’s primary objective of ensuring that leaseholders are informed as to the remediation needs of their buildings, and lenders are empowered to lend.

Job description

We are looking for someone who cares about making a difference on this important agenda. This is an exciting, stretching and high-profile role that will require you to manage commercial service providers, work closely with finance colleagues across DLUHC and HM Treasury and report to the Governance Board who will oversee the EWS1 PII Scheme.

You will play a visible and important role across the Scheme and representing it across the department. You will be able to grasp the substance of the Scheme, and the impact of its components individually and collectively, and be able to articulate that with clarity and confidence.

Responsibilities

·         Financial lead for the Scheme involving reconciling financial accounts of the insurer, the scheme administrator and the claims handler against projected/actuals premium income, claims and costs to ensure it aligns against the contractual requirements.

·         Financial reporting lead to Ministers and governance boards on the Scheme’s financials to support effective financial control, support decision-making, the liabilities for the scheme are monitored, refined and reported, and refine the actuarial model.

·         Scrutiny and challenge of the insurer and scheme administrator’s financial statements in relation to the Scheme including forecasted claims, premium income and expenses.

·         Working with DLUHC finance team to negotiate with HMT the classification of the accounting of the scheme and that the scheme is appropriately reflected in Dept accounts.

·         Work with the Government Actuary Department to ensure premium pricing and liabilities of the scheme reflect the cashflows and risks accurately and is informed by our assurance process (managed within the team)

·         Working closely with external commercial partners to ensure the scheme is run efficiently and effectively, ensuring HMG controls and guidance are complied with

·         In addition, the candidate may support wider business planning for the financial markets and insurance division.

Person specification and essential criteria

·         Experience of communicating financial performance and management information for decision makers and advising on associated risks, pressures and potential underspends to non-financial audiences.

·         Evidence of being a self-starting individual who can work with a variety of stakeholders to achieve outcomes

·         Experience in financial management and financial controls.

·         Strong track record of developing and maintaining programme accounts, work independently and use governance and relationships effectively to drive progress and maintain momentum.

·         Delivering high-quality financial analysis and spending control.

·         Excellent communication, drafting, and stakeholder management skills, with a proven ability to communicate with Ministers and seniors in a clear, credible and engaging way, build good relationships with difficult stakeholders and work confidently across teams and organisational boundaries to influence and shape strategies and outputs to deliver objectives.

·         Excellent organisational skills and a proven track record of using project management principles and processes to oversee successful delivery of a significant and high-profile programme.

Essential Skills

CCAB (or equivalent) qualified accountant status is essential for this role.

Behaviours

We’ll assess you against these behaviours during the selection process:

  • Seeing the Big Picture
  • Communicating and Influencing
  • Delivering at Pace
Apply Now!

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