Project Manager - UKEB

Project Manager - UKEB

The UK Endorsement Board ( ) 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 at every stage of projects, development of its agenda and post-implementation reviews.
• Taking responsibility for the endorsement and adoption of International Financial Reporting Standards (IFRS) as specified in 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.

In delivering these statutory functions, the UKEB adheres to the guiding principles of transparency, accountability, independence and thought leadership in all its activities. The UKEB's work helps deliver understandable and transparent financial reporting to users that supports investor confidence, enhancing economic growth and helping ensure the international competitiveness of the UK capital market. The technical team supports the delivery of these aims in an efficient and effective way, including developing and introducing enhanced working practices and delivering operational performance in the areas of responsibility.

The role:

A Project Manager is expected to work in a small project team to deliver allocated projects. Usually, the projects are part of the IASB's due process, involving the assessment of new or amended IFRS for UK endorsement or research projects.

Key accountabilities include (depending on the specific type of project):

• Assisting with researching the existing material on the topic, including material produced by other standard-setters.
• Following the IASB's discussions, assisting with the analysis of the IASB's proposals and decisions, as well as assisting with identifying major issues and concerns, and developing technical arguments to support the analysis.
• Assisting with the gathering of evidence and assessment of stakeholders' views on the project, using formal and informal means, as appropriate, throughout the project.
• Participating in presentations to stakeholders.

For small projects, a Project Manager may deliver the allocated project, with minimal oversight from a Project Director, instead of being part of a team. In this situation key accountabilities include (depending on the specific type of project):

• Preparing high-quality technical papers, discussing them within project team and with the Technical Director, revising them as appropriate, within project deadlines, and presenting them to the UKEB and its advisory and working groups.
• Developing draft comment letters, draft endorsement criteria assessments, feedback statements, and due process compliance statements, as appropriate to the type and stage of the project.
• Updating and finalising comment letters, draft endorsement criteria assessments, etc. after direction from the UKEB.

Given the UKEB's statutory functions, the UK's Secretary of State for Business and Trade (DBT) also requires the UKEB to respond to the International Sustainability Standards Board (ISSB) on its exposure drafts. Specifically, the UKEB is required to provide views on how the sustainability standards interact with accounting standards. The project activities set out above also apply to these projects.

Skills, Knowledge & Expertise

• Educated to degree level in a relevant field of study, relevant professional qualification.
• Knowledge of the financial reporting environment of listed companies and a keen interest in IFRS.
• Ideally, experience in technical accounting work or standard-setting or demonstrating a clear interest in these activities
• Good written and oral communication skills.
• Able to create and maintain key external relationships with IFRS Foundation staff and other interested parties.
• Able to develop an effective relationship with UKEB Board Members.
• Able to interact effectively and respectfully with stakeholders.
• Able to work as part of a team in the Secretariat and with external parties.
• Good analytical thinking skills.
• Capable of effectively working on a number of concurrent projects.
• Able to work independently, with limited supervision to meet agreed project deliverables within agreed timetables.
• Committed to serving the UK public good in the field of IFRS reporting.
• Able to work under pressure and to cope with deadlines.
• A confident and articulate communicator.

The role requires a minimum of 40% office attendance; however, staff will need to attend the office more frequently when Board or stakeholder meetings are scheduled.

Please apply by following the link our website and uploading a copy of your CV and covering letter as a single document upload. In the covering letter, please set out, by reference to the person specification above how you meet the required skillset.

Rewards and benefits

• The FRC offers remuneration packages, including 30 days annual leave, 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. 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 FRC is a Disability Confident Employer and we welcome applications under the Guaranteed Interview Scheme from disabled people as defined by the Equality Act 2010 that meet the minimum requirements for the role. To learn more about the Disability Confident Scheme Click Here

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.