Finance Business Partner

Requirements of the role

We have an opportunity for a Finance Business Partner to join our Finance Team within Corporate Enablers Directorate.

We are Ofwat, the Water Services Regulation Authority, a non-ministerial government department responsible for regulating the water sector in England and Wales.

We are at the source of everyday life. We help the sector build trust and confidence with customers, the environment and wider society: keeping water flowing, ensuring water bills don’t cost a penny more than needed, holding water companies to account. We push hard to improve day-to-day water company performance for customers, including on leakage, sewer flooding and customer service.

Our work is high-profile and fast-moving, within a dynamic and agile environment. The work that you’ll be involved in every day will help us to deliver our strategy, to make us the regulator we want to be and help the sector to deliver for customers and society.

You can find out more about why you should join Ofwat, our strategy, values and our framework for success in the attached Information for Candidates Pack.

Job description
The Role

We have an opening for an experienced Finance Business Partner to join our Finance Team. In this role, you will support Ofwat budget managers with their expenditure, ensuring they are effectively planning and forecasting to accurately monitor their budget. You will be playing a key role in providing analysis and reporting to inform successful decision making.

The finance team are responsible for budget setting and the government estimates process; month end and year end closedown; monthly forecasting, analysis and reporting to the business; production of the Annual Report & Accounts; engagement with internal and external auditors; purchase ledger; sales ledger; staff expenses; VAT; government data returns; maintenance of the Oracle finance system

Key deliverables:

Reporting to the Head of Finance Business Partnering, you will be responsible for:

Month end preparation and closedown
Budget forecasting, analysis, and reporting
Establishing and maintaining strong relationships with budget manager and other stakeholders
Supporting budget managers with financial processes including purchasing activity
Budget setting for new financial years
Allocation of new funding and supporting budget managers with mobilising spending plans
Year-end completion, including accruals, audit preparation
Liaising with internal and external auditors
Development and delivery of finance training for the business
Reporting development
Continuous improvement of processes
Ad hoc reporting such as FOI requests

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