Pension Protection Fund
Job Description
The Pension Protection Fund was established to pay compensation to members of
eligible defined benefit pension schemes, when there is a qualifying insolvency event
in relation to the employer and where there are insufficient assets in the pension
scheme to cover Pension Protection Fund levels of compensation.
Job Title
(permanent
/ or temp)
Finance Business Partner
Department
Finance
Directorate
Finance
Reports to
Financial
Planning and
Analysis
Manager
People
Management
None
Key contacts internal/ external
Level / Band
Budget
Responsibility
No
External: n/a
Internal: Heads of teams and other budget holders
General Description of the Job
Production of accurate and timely management reporting with financial information,
analysis of activity information, performance indicators and cost drivers and their
interaction with the operating and capital expenditure of the PPF. The finance
business partner plays an important role in supporting the strategic planning,
budgeting and forecasting processes.
Main Duties of the Job
1.
Supports the annual production of PPF’s 3 year financial plan for operating and
capital expenditures as part of the strategic planning process
2.
Supports the annual cycle of budgeting operating and capital expenditures
3.
Takes responsibility for initial preparation of periodic in-year forecasts of all
operating and capital expenditures
4.
Maintains effective Business Partner relationships with budget holders in order to
inform the financial planning, budgeting and forecasting process and in order to
support the preparation of insightful management reports including Quarterly
Accountability Reviews.
Monitors and records risks and opportunities against the budget and agreed
forecasts
5
Finance Business Partner Job ID 11054
6.
7.
8.
Provides financial analysis to all key business decisions, contributing to business
cases for all significant programmes and projects
Coaching, support and where appropriate challenge to budget holders to deliver
their agreed objectives within their delegated budget within the context of
effective Business Partner relationships
Proposes and implements efficiency and control improvement initiatives for all
owned processes, particularly reporting and forecasting
Key Competences Required
Competence
1.
2.
3.
4.
5.
6.
Shaping the
future
Commitment to
Stakeholder
Continuous
Improvement
Making things
happen
Goal orientated
Level A,
D or
E
Example of Behaviour
E
Works closely with FP&A manager and budget
holders to produce accurate budgets and
forecasts
Actively seeks feedback from stakeholders to
improve processes and demonstrate
efficiencies.
E
E
Takes
responsibility
Working
collaboratively
Working together
E
Develops self and
others
E
E
7.
Working Style
Personal
proficiency
E
8.
Lives PPF values
E
Person Specification
Finance Business Partner Job ID 11054
Focuses on achieving goals to meet
stakeholder needs for financial MI, forecasting
etc…Sees failure to meet deadlines and
standards as unacceptable and works with
sensitivity to learn lessons
Celebrates successes (meeting internal / DWP
deadlines etc.) as team and personal success
Uses requirement to work closely with all
spending teams in PPF enthusiastically to
improve output quality, to share commitment
e.g. to budget disciplines
Take ownership of own learning and
development programme to maintain up-todate and relevant knowledge and acts as a
mentor to budget holders to enhance their
financial management skills
Seeks out colleagues to peer review /
comment on financial MI, financial sections of
Strategic Plan and other communications and
acts on suggestions
Shows courage in maintaining budgetary
disciplines and in challenging poor budgetary
discipline in others in a firm and controlled
way
Below are the
qualifications,
experience, skills
and knowledge that
are required by an
individual to
successfully
undertake the job.
Qualifications or
equivalent
experience
Skills
Essential
Educated to degree level and
qualified through an appropriate
accounting body with good
experience of management
accounting, forecasting and
reporting processes
Experience working in a professional
/ financial services environment
Working in a financial planning and
analysis team or similar
Strong financial modelling skills
including the full Microsoft Office
Suite
Sound knowledge of organisational
financial and other performance
measurement processes
Experience working with Activity
Based Costing
Experience of Oracle financials
planning and reporting suites
Knowledge
Desirable
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Acknowledgement
This job description has been designed to indicate the general nature and level of
work performance by employees within this post. It is not designed to contain or be
interpreted as a comprehensive inventory of all duties, responsibilities and
qualifications / experience required by employees assigned to the role. These may
therefore be subject to future amendments following appropriate consultation
Job title
Approved
by:
Reviewed
by:
Jobholder’s
signature:
Finance Business Partner Job ID 11054
Date