Network Rail

Senior Financial Accountant (HQ)

Network Rail
Milton Keynes, UK
Pay range: £51,156 - £57,551
10 Sep 2020
17 Sep 2020
IRC2194094 -
Approved employers
Approved employer
Public sector
Contract type
Full time
Experience level
Qualified accountant

About Network Rail 
Network Rail is at the heart of revitalising Britain’s railway. From Crossrail – Europe’s largest civil engineering project – to investment in world-class stations and major programmes of electrification, we're involved in some of the most ambitious and diverse ventures that this country has ever seen.

At Network Rail, our Finance function is key to our success. Our diverse and high-achieving team is responsible for ensuring we secure appropriate funding and get the best possible value for the money we spend, driving forward our continuing mission to transform the UK’s rail network into a world-class infrastructure.

Brief Description 
This role offers you the opportunity to utilise your technical accounting expertise whilst co-ordinating and undertaking the delivery of all the Network Rail group and central government statutory accounts and interim reporting. You will be responsible for elements of group business unit accounting. 
About the role    
Key accountabilities include:

  • Manage the timetable for the production of group and central government statutory accounts and interim reporting.
  • Produce initial drafts of the group consolidation for year end and interim accounts and produce and update the final financial statements.
  • Co-ordinate the calculation of corporate balances, including pensions charge and deficit, insurance prepayments and accruals, financial instruments and debt, asset valuations and interest projections.
  • Prepare and analyse the group’s debt position, including forex and hedge accounting, revaluing to market and hedge effectiveness testing.
  • Undertake bookkeeping for the Corporate Business Units, including preparation of accounts for board signing, debt and bank reports and covenant workings.
  • Analyse movements in asset valuations and report renewals and enhancement expenditure, revaluation and impairment within the access charges review framework.
  • Manage journal processing and BMIS (Network Rail’s financial accounting system) integration.
  • Assistance in providing technical accounting input into financial models used to drive industry funding decisions.
  • Provide technical advice and guidance with regard to the application of IFRS, FReM and Network Rail group accounting policies.
  • Provide additional cover for treasury accounting and financial analyst roles in the team.

 Job Skills, Experience and Qualifications


  • Qualified Accountant (CCAB qualification-preferably ACA).
  • Extensive knowledge of IFRS and statutory accounts.
  • Experience of preparing or auditing FTSE 100 or similar statutory accounts.
  • Ability to analyse data, present results and lead a meeting on that analysis.


  • BMIS knowledge.
  • Substantial post qualification experience.

Your application
Network Rail welcomes applications regardless of age, disability, marital status (including civil partnerships), pregnancy or maternity, race, religion or belief, sexual orientation, transgender status, sex (or gender), employment status, trade union affiliation, or other irrelevant factors. We will interview all disabled applicants who meet the essential criteria.

Keeping people safe on the railway is at the heart of everything we do, safe behaviour is therefore a requirement of working for Network Rail.  Applicants should demonstrate their personal commitment to safety in their application.

Network Rail can offer you a rewarding career with competitive pay and excellent benefits including a choice of contributory pension schemes, a generous annual leave package, a bonus scheme and an annual 75% subsidy on season tickets costing up to £3,333 (to a maximum amount of £2,250). 

Network Rail positively embraces flexible working recognising that employees may wish to balance work and family/home life.

Network Rail adheres to a structured pay framework, any salary offered will be within the following pay range: £51,156 - £57,551

As an arm’s length department of the UK Government, Network Rail is required to comply with a well-established pre-employment vetting process for all prospective employees.  

Baseline Personnel Security Standard (BPSS) checks require prospective employees of Network Rail to meet the following requirements;

  • Provide eligibility to work in the UK and identity documentation
  • Complete a satisfactory 3 year employment history check
  • Complete a satisfactory unspent criminal conviction disclosure check

For more information regarding BPSS pre-employment related checks, please visit the UK Government website for further information - UK Government - BPSS Checks

Closing date: 17/09/2020, late applications will not be accepted.  We retain the right to close the advert before the listed closing date based on application volumes

It is a requirement of the role to live within 75 minutes commuting time of The Quadrant Milton Keynes.

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