Financial Planning Analyst

At DSIT were all about improving peoples lives by maximising the potential of science & technology.

We accelerate innovation, investment and productivity through world-class science, research and development.

We use technology for good by ensuring new and existing technologies are safely developed and deployed across the UK, with the benefits more widely shared.

We are driving forward a modern digital government which gives citizens a more satisfying experience and their time back.

We do all this to enable the Governments 5 national missions: kickstarting economic growth, making Britain a clean energy superpower, taking back our streets, breaking down barriers to opportunity and building an NHS fit for the future.

Above all, we focus on improving peoples lives. Whether its researching new treatments for disease, developing better batteries, reducing burdens through better public services, keeping children safe online, and much more, outcomes for citizens are at the heart of what we do.

Our Inclusive Environment

We offer flexible working benefits, employee well-being support and a great pension. We are enormously proud to be a Disability Confident Leader employer. We support candidates with adjustments throughout our recruitment process. Information about disability confidence and just some examples of the adjustments that you can request can be found in the reasonable adjustment section below.

Find Out More

We regularly run events where you can find out more about the department and tips for the application and interview process. You can sign up for upcoming events here: https://forms.office.com/e/Jae3B4w7xm

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The UK Space Agency (UKSA) is a directorate within the Department for Science, Innovation & Technology (DSIT) and provides technical advice on the governments space strategy, supporting the UK space sector to deliver the governments vision.

Space is a part of everyday life. Satellites underpin our national economy, from agriculture and banking to aviation and shipping, and support our national security. Space science provides critical data to understand and address global challenges such as climate change, while missions to explore our solar system unite nations and advance humanitys horizons.

We support a thriving space sector in the UK, which generates an annual income of 16.5 billion and employs 47,000 people across the country.

Through our portfolio of programmes and projects, we encourage the development of national space capabilities and are an early-stage investor in space research and development. We also promote the UK space sectors interests and achievements; make connections to join up industry and academia; and represent the UK in international space programmes

We have a powerful global voice, partnering with institutions across the world, including the European Space Agency.

The integration of the UK Space Agency (UKSA) into the Department for Science, Innovation and Technology (DSIT) represents a significant organisational transformation aimed at strengthening strategic alignment, improving efficiency, and enhancing ministerial accountability for the UKs space ambitions.

As a result, UKSA need a robust financial planning and analysis function to help support and shape the direction of UKSA in the future. Were working towards a vision of being Trusted Experts at the heart of the agencys decision making; catalysing delivery, not just keeping score.

Within the portfolio division, the role holder will support the UKSAs financial planning activity including maintaining the Agencys long term financial model to support delivery of the UKSA portfolio. They will deliver IPA and aqua book compliant financial models to support the Agencys larger business cases and provide guidance and advice to standardise financial modelling for smaller cases.

Key Responsibilities:

Maintaining a long-term financial plan across the portfolio, including refresh of data, mapping and assumptions, which contribute to Spending review and corporate plans.

Providing analysis on financial impact, performance and risk to senior stakeholders, contributing to the strategic direction of the Department.

Preparing accurate multi-year financial forecasts and plans, including portfolio whole life costs.

Building strong relationships with relevant functional stakeholders across the Agency and wider HMG, to encourage alignment and cooperation, and the most efficient use of public finance.

Supporting on fiscal events and other negotiations with the department, coordinating bid development across UKSA.

Supporting effective relationships within the Departments Finance team, including co-ordination of DSIT, HMT and CO commissions.

Contributing to the drafting on UKSA financial matters for briefing to seniors (Senior Civil Servants) and Ministers.

Developing Should Cost Model and Cost Estimating, working closely with programme teams to consider a wide range of data sets and assumptions.

Supporting briefing packs for the UK input into the European Space Agencys (ESA) Administrative & Finance Committee meetings.

Contributing to UKSAs centre of expertise on ESA, including delivering training across the Department.

Essential Criteria

Ability to develop analysis and insights for stakeholders, including financial modelling;

Excellent verbal and written communication, particularly drafting formal communications and papers;

Excellent data and analysis interpretation skills;

Excellent influencing skills across internal and external stakeholders;

Evidence of proactive problem resolution;

Experience using 5-case model business cases (or equivalent) and understanding of HMT Green Book standards;

Experience providing modelling for projects and programmes;

Experience utilising complex financial and non-financial datasets to produce models;

Ability to understand cost drivers and evidence of financial risk development;

Experience utilising financial and non-financial datasets;

Experience in identifying and implementing process improvements.

Desirable Criteria:

Experience in public sector organisations and understanding of Accounting Officer Responsibilities under Managing Public Money;

Experience working in a portfolio environment, including Lean management/Sixth sigma experience;

Experience producing should cost models and cost estimation, for a Government Major Projects Portfolio programme or equivalent;

Experience in data management and visualisations on Power platforms (e.g. Power Query, Power BI).