Public Sector Resourcing
Financial Cost Accountant
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DESCRIPTION & REQUIREMENTS
On behalf of the MOD, we are looking for a Financial Cost Accountant (Inside IR35) for an initial 12 month contract based hybrid in Corsham, Wiltshire. Office attendance is 2-3 days a week but at least 1 day a week is mandatory.
About the Ministry of Defence (MOD)
The Ministry of Defence (MOD) is a central government department with a mission to protect our country and provide the ultimate guarantee of its security and independence, as well as helping to protect its values and interests abroad.
The MOD is one of the biggest public procurement organisations in Europe and the single largest customer for UK industry. It currently manages approximately £20 billion of spend on capital investments in equipment and infrastructure every year. Over the next decade the MOD is committed to spending over £190 billion on equipment and support. The MOD’s customers include both the armed forces and national security agencies, and it has a diverse range of requirements, including military fighting vehicles, education services, nuclear submarines and facilities management.
The MOD’s aim is to provide its armed forces with the best capabilities to enable them to protect the UK’s security and advance national interests, both now and in the long term.
To do this the MOD has an annual budget of almost £53 billion and a workforce comprising 197,000 people, of which 54,000 are civilians working for the UK MOD.
Role Profile
To support the Ministry of Defence's Strategic Services Portfolio.
This is an exciting opportunity to join a high-profile programme, providing specialist financial management, cost accounting expertise, and analytical support across a complex defence environment.
Working closely with finance, project, and delivery teams, you will play a key role in investigating balance sheet positions, asset delivery schedules, cost modelling activities, management information reporting, and stakeholder engagement across a large-scale portfolio.
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This role offers the opportunity to work on critical defence programmes while contributing to informed financial decision-making within a highly secure environment.
Key Responsibilities
- Provide subject matter expertise and financial support to finance and project teams across the Strategic Services portfolio.
- Reconcile capital balances and Asset Delivery Schedules.
- Produce monthly, quarterly, and ad hoc management information (MI) to support financial requests, reporting requirements, and returns.
- Conduct detailed financial data analysis and investigations.
- Undertake financial deep dives across project areas to provide assurance and financial insight.
- Develop, maintain, and enhance cost models to support decision-making.
- Interpret and apply financial accounting standards to business scenarios and management information outputs.
- Lead monthly cost review meetings with key stakeholders.
- Support assurance activities, management reviews, and governance requirements.
- Work collaboratively across both finance and cost modelling teams, acting as a bridge between the two functions.
- Build strong relationships with military, civil service, project, and finance stakeholders.
- Ensure effective knowledge transfer and handover of all tasking and acquired knowledge to Crown resources at contract completion.
Essential Requirements
- Full or part-qualified Accountant status (or equivalent demonstrable financial accounting experience).
- Strong financial cost accounting experience within a complex organisation.
- Advanced Microsoft Excel skills.
- Experience creating, developing, and maintaining sophisticated cost models.
- Strong balance sheet reconciliation and asset accounting experience.
- Knowledge and practical application of MOD JSP655.
- Ability to work independently while engaging effectively across large stakeholder groups.
- Current DV Clearance, or active SC Clearance with willingness and eligibility to undergo DV sponsorship.
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Desirable Requirements
- Previous Ministry of Defence (MOD) finance experience.
- Experience supporting defence approvals and acquisition programmes.
- Understanding of Defence Lines of Development (DLoDs).
- Experience working within government or wider public sector finance functions.
- Knowledge of defence portfolio, programme, or project finance environments.
Important Notes
- This role can only be worked within the UK and not Overseas.
- As a member of the Disability Confident Scheme, the MOD guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group.
- The MOD guarantees to interview veterans or spouses / partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex-military candidates / military spouses or partners, who meet all of the essential criteria, we will interview the best candidates from within that group.
- This role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different.
General Information
- Posting ID: PIP10971
- Type of employment: Contract
- Organisation: Ministry of Defence
- Contract duration: 12 months
- Location: Corsham
- Workplace Type: Hybrid
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