Details

Project Director

Financial Reporting Council (FRC) mission is to serve the public interest by setting high standards of corporate governance, reporting and audit and holding to account those responsible for delivering them. We are the UK Competent Authority for audit. We also set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work, and monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about our role can be found at www.frc.org.uk. The FRC provides operational support to the UK Endorsement Board, including a

dedicated Secretariat function.

 


The UK Endorsement Board (www.endorsement-board.uk) serves the UK public good by influencing and contributing to the research and development of high-quality international financial reporting standards and their adoption for use in the UK. It does this by:

 

 

  •  Influencing the development of international financial reporting standards - contributing to debates on International Accounting Standards Board (IASB) projects, consulting with UK stakeholders to obtain their views and highlighting any concerns to the IASB throughout the project lifecycle, from development of the IASB agenda through to post-implementation reviews.
  • Taking responsibility for the endorsement and adoption of International Financial Reporting Standards (IFRS) in accordance with legislation, deciding whether to adopt IFRS for application by UK entities.
  • Providing thought-leadership - undertaking research and contributing to the development of financial reporting internationally. It will also undertake to inform and educate UK and international stakeholders on developments in financial reporting.

 


The UKEB adheres to the guiding principles of transparency, accountability, independence and thought leadership in all its activities.

 


The Role:
The role involves delivering allocated projects. This may include projects to influence the IASB’s development of new or amended IFRS, to assess new or amended IFRS for UK endorsement or to carry out research projects. Projects (unless very small) are usually allocated to a small technical team, which the Project Director will be expected to manage.

 

 

Duties are likely to include:

  • Developing a project plan with key milestones and clearly set responsibilities.
  • Co-ordinating and reviewing the work of allocated project teams.
  • Engaging with the international debate including the IASB’s proposals and decisions, identifying and analysing any issues and concerns, and developing solutions, together with relevant technical arguments to support your analysis.
  • Gathering evidence and assessing stakeholders’ views on the project and any proposals e.g. by performing desk-based research on the existing material, outreach with stakeholders and other standard setters, using formal and informal means as appropriate. This may include presentations to stakeholders.
  •  Preparing and presenting high-quality technical papers for the UKEB, discussing them with the project team and Technical Director, and revising them as appropriate, within project deadlines.
  • Developing draft comment letters and draft Endorsement Criteria Assessments for input from the UK Endorsement Board and for public comment.
  • Preparing impact assessments and Feedback Statements, as appropriate to the stage of the project.
  • A Project Director may also be required to act as Secretariat lead of an Advisory Group or working group.
  • Arranging for publication of documents.

 

The Person:
The ideal candidate will have a relevant professional qualification or be a qualified accountant with approximately a minimum of 5 years PQE although all candidates who demonstrate an ability to fulfil the role will be considered.

 


The ideal candidates will have:

  • Good knowledge and understanding of the financial reporting environment for listed companies and a keen interest in IFRS.
  • Ideally, experience in technical accounting work or standard-setting or the ability to demonstrate a clear interest in these activities.
  • Superior written and communication skills.
  • Ability to create and maintain key external relationships.
  • Ability to interact effectively and respectfully with stakeholders.
  • Ability to analyse competing positions and develop practical solutions.
  • Ability to work as part of a team and deliver to tight deadlines.

 


This role can be based in either the London or Central Birmingham office depending on the applicant's preference. The post holder should be able to work flexibly to support the team’s activities. The FRC operates a hybrid working arrangement, with a expectation that 40% of a person's working time will be located at one of our offices per week, with precise arrangements to be agreed between the employee and the line manager.

If the post holder decides to be based in the Birmingham office, the post holder will be required to attend at least 35 stakeholder meetings, lasting up to a full day, in person per year in the London office. Consequently, a presence in the London office is necessary. The post holder should be able to work flexibly to support the team’s activities.

 


Also, the post holder might be required to do some travelling abroad for this role depending on business needs.

 

 

Please apply by following the link our website https://www.frc.org.uk/frc-for-you/careers and uploading a copy of your CV and covering letter as a single document upload. In the covering letter, by reference to the person specification above, please:

  •  set out how you meet the required skillset;
  •  confirm that you have the right to work in the UK, and
  • tell us where you heard about this job.

 

 

Rewards and benefits

  •  The FRC offers competitive remuneration packages, including 30 days annual leave plus ability to buy extra leave.
  • Generous employer pension contribution of 10%. Staff Employee Assistance Programme including confidential counselling and work life services.
  • Staff Employee Assistance Programme including confidential counselling and work life services.
  • The FRC offers staff the opportunity to save at least 25% on the purchase of a new bike through the Cycle to work scheme.
  •  The FRC has a strong work/life balance ethos.

 


The FRC believes that equality of opportunity and diversity is important in the work that we do and we are strongly committed to being an inclusive employer. Our values of being fair and independent supports this commitment. We're a signatory to the Government's Disability Confident scheme, which means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.

 


Equal opportunities monitoring is an important means of demonstrating and implementing our commitment to promoting equality of opportunity and diversity. Completing our diversity form will assist the FRC to identify any barriers that prevent access to employment and career development for certain groups of people, and to develop solutions, such as action plans, new policies and practices.

Location
Birmingham / London
Appointment Type
Permanent
Department
UK Endorsement Board Department
Functional Area
UK Endorsement Board
Salary
92,071.60 (Salary Non-negotiable)
Full Time/Part Time
Full-time
Job Level
Level 4
Closing Date
22/07/2024