Infected Blood Compensation Authority
Financial Assessor
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Job Description
Are you ready to embark on a rewarding career where your expertise can make a real difference? We invite you to join our Operations Directorate as a Financial Assessor. In this pivotal role, you will collaborate closely with Claim Managers and Service Integrity & Improvement (Fraud and Error) colleagues to ensure accurate calculations in complex historic cases, delivering the compensation people who wish to claim are owed promptly and fairly.
Person Specification
As part of the role, you will:
- Lead payment reporting and forecasting. (incl payment forecasts, cash management forecasts, error reporting).
- Conduct financial assurance for payments. (Right person, right time. Payment issue resolution. Calculation checking).
- Undertake a complex calculation as part of the compensation calculation including financial assessment for exceptional loss supplemental award.
- Assist with Quality Assurance (non-financial) as demand dictates.
- Offer expert guidance on compensation calculations to progress cases effectively.
- Lead initiatives in an agile environment, contributing to the development of a product while embracing challenges with adaptability and innovation.
- Ensure Accurate Compensation Calculations: Provide expert validation and assurance for compensation calculations, guaranteeing fairness and accuracy in all cases.
- Maintain Process Assurance and Compliance: Uphold and reinforce robust processes to ensure compliance with policies and regulations, fostering integrity and transparency.
- Guarantee Payment Accuracy: Conduct meticulous checks to confirm payment amounts are correct, ensuring claimants receive what they are rightfully owed.
- Running reports for finance: Actuals: awards made, payments made, current stock of liabilities; cash forecast: live claims likely to be awarded; lump sum and recurrent payments forecast.
- Creating more sophisticated modelling for payment forecasts once we see actual claimant choices, values and volumes.
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Who We Are Looking For
A strategic thinker with a passion for delivering justice and excellence in financial services.
- A financial professional, proficient and confident with complex information and numbers.
- An adaptable team player with resilience and an innovative mindset to thrive in uncertainty and ambiguity.
Essential Skills
- Strong mathematical and analytical capability. Ability to work comfortably with financial models.
- Demonstrable experience of key attention to detail.
- Ability to communicate complicated calculations and judgements to potentially vulnerable claimants.
- Ability to work independently and as part of a team.
- Strong experience working in an accountancy, actuarial or finance role.
- Experience working with customers or the public.
- Degree/NVQ6/equivalent or working towards qualification in accountancy/finance/mathematics/data science or significant work experience in an equivalent role.
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Desirable Skills
- Experience working in Compliance.
- Experience of working in a challenging compliance environment.
- Experience of delivering training.
Additional Information
A minimum 60% of your working time should be spent at your principal workplace. Although requirements to attend other locations for official business will also count towards this level of attendance.
Qualifications
Degree/NVQ6/equivalent or working towards qualification in accountancy/finance/mathematics/data science or significant work experience in an equivalent role.
Benefits
- Alongside your salary of £39,439, Infected Blood Compensation Authority contributes £11,425 towards you being a member of the Civil Service Defined Benefit Pension scheme.
- Premium allowance paid monthly after probation.
- Learning and development tailored to your role.
- An environment with flexible working options.
- A culture encouraging inclusion and diversity.
- A Civil Service Pension which provides an attractive pension, benefits for dependants and employer contributions of 28.97%.
- 32.5 days of paid annual leave plus 8 bank holidays.
- Family friendly policies to support you and your everyday responsibilities.
- Enhanced maternity and paternity leave, up to 12 months shared parental leave.
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