Project Director (12-month FTC)
Closing date: 31 August 2021
The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. We are the UK Competent Authority for audit and set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries. Further information about the role of the FRC can be found at www.frc.org.uk.
The Accounting and Reporting Policy team is part of the Regulatory Standards Division, which includes all areas of the FRC that set and influence standards and codes and promote good practice, including international liaison. The Accounting and Reporting Policy team develops and implements FRC’s strategy for standards and related guidance in respect of Corporate Reporting.
The role involves delivering allocated projects that fall into the following categories:
• issuing and maintaining financial reporting standards in the UK (and Republic of Ireland), including liaison with sector-specific SORP-making bodies;
• issuing and maintaining guidance on non-financial reporting in the UK;
• issuing and maintaining other relevant corporate reporting requirements or guidance in the UK;
• monitoring and influencing international corporate reporting developments relevant to the FRC’s remit either directly or working with other international standard setters and similar bodies;
• research aimed at influencing future developments in corporate reporting; and
• undertaking due process reviews of the UK Endorsement Board.
In all cases, engaging with stakeholders to obtain their input on projects.
Areas of focus at present for the team include the Periodic Review of UK and Ireland accounting standards, developments in non-financial reporting and establishing due process oversight of the UK Endorsement Board.
Educated to degree level, with a professional or post-degree qualification. For technical accounting work, a qualified accountant with at least five years post qualification experience.
The ideal candidates will have:
• Ability to effectively manage a number of concurrent projects.
• Strong written and communication skills.
• Ability to create, interact and maintain key external relationships with all stakeholders.
• Ability to analyse competing positions and develop practical solutions.
• Ability to work as part of a team and deliver to tight deadlines.
• A commitment to the objectives and regulatory principles of the FRC and to standard-setting and regulatory policy in the public interest.
• Experience in technical accounting work or standard-setting or the ability to demonstrate a clear interest in these activities.
• Experience of the technical requirements or guidance in relation to wider corporate reporting, or the ability to demonstrate a clear interest in wider corporate reporting.
• Experience of oversight reviews or assessing compliance with established requirements.
• Good understanding of the accounting and reporting regulatory framework in the United Kingdom & Republic of Ireland.
• Appreciation of relevant international accounting and regulatory frameworks.
The role is based in our Central London Office. The post holder should be able to work flexibly to support the team’s activities and also provide cover within the FRC as necessary. From 6 September the FRC will be operating a hybrid working arrangement. This means full-time employees will spend at least four-days per fortnight in the office, pro rata for part time employees, and any arrangement will be agreed between the employee and the line manager.
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.
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. Candidates who meet the minimum requirements and who have a disability and would like to be interviewed under the guaranteed interview scheme must indicate this when applying for the 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. The form is completed on a voluntary basis and we strongly encourage all job applicants to complete it.
Note to agencies:
FRC has a commitment to building relationships directly with candidates and only engages with agencies who are on our preferred supplier list to support us in sourcing quality candidates. We do not accept speculative CVs from agencies that are not on our preferred supplier list. Any speculative or unsolicited CVs that are submitted without FRC instruction will be deleted and will not be considered as an introduction.