Financial Modeller

Job summary

The Division

The Financial Control Division (FCD) is a friendly, dynamic, and fast paced team working at the heart of UK Export Finance. We are responsible for ensuring that effective financial control processes are in place. We co-ordinate the Department’s estimates, budgets and forecasting processes. We produce accurate and reliable monthly management accounts, annual accounts, and other published financial information. We manage the UKEF bank accounts, purchase ledger, fixed asset registers, the general ledger (D365) and a sub-ledger (Aptitude). We advise on accounting treatments, own the UKEF accounting policies and are working with others across the organisation and beyond to implement large scale changes in our accounting policy, systems, and processes in order to operationalise IFRS 9 and IFRS 17 for 2025-26 and future reporting.

It’s an exciting time to join us as we support a business that is at the heart of delivering government export and trade policy to build the UK economy back stronger. We are also in a unique period of transition as we implement IFRS 9 and IFRS 17 accounting standards for the first time. These standards cover how we account for all our front-line business, providing financial guarantees, loans and insurance.

Job description

About the Role

The Financial Modeller will play a key role in the development, maintenance and enhancement of the Department's financial modelling capability. The post holder will provide expert analysis and modelling support to financial reporting, forecasting, budgeting, technical accounting and finance transformation activities.

Working within a multidisciplinary environment, the post holder will collaborate with finance professionals, data specialists, operational stakeholders and external delivery partners to develop robust, auditable and scalable financial models that support business and regulatory requirements.

The successful candidate will be expected to deliver high-quality financial analysis, challenge assumptions, improve existing modelling approaches and support the implementation of new financial systems, accounting policies and reporting requirements.

To succeed in this role, you will be a highly analytical professional with excellent attention to detail, strong problem-solving skills and the ability to communicate complex financial concepts to both technical and non-technical audiences.

Main Activities

Financial Modelling

• Design, develop and maintain complex financial models supporting financial reporting, budgeting, forecasting and strategic decision-making.
• Develop scenario, sensitivity and stress-testing models to assess financial performance and risk.
• Support the development and implementation of models required to comply with accounting and regulatory reporting requirements.
• Produce clear documentation of modelling methodologies, assumptions and calculations.
• Review and improve existing financial models to enhance efficiency, robustness and usability.
• Ensure all models are developed in accordance with departmental governance and control standards.

Financial Analysis and Reporting

• Provide quantitative analysis to support management reporting, financial planning and business cases.
• Analyse financial performance and identify key drivers, risks and opportunities.
• Support production of monthly, quarterly and annual financial reporting outputs.
• Provide analysis of departmental assets, liabilities, income and expenditure when required.
• Assist with financial forecasting and long-term financial planning activities.
• Ensure all models are developed in accordance with departmental governance and control standards.

Controls, Validation and Governance

• Develop and maintain model validation procedures and quality assurance processes.
• Ensure appropriate controls are established over financial models and underlying data.
• Perform reconciliations and reasonableness testing of model outputs.
• Support internal and external audit reviews by providing evidence of model governance and controls.
• Contribute to continuous improvement of financial control processes and modelling standards.

Data Management and Improvement

• Work with finance and data teams to improve the quality, completeness and accuracy of data used within financial models.
• Support the design and testing of data transformations and interfaces supporting finance processes.
• Analyse large datasets and identify trends, anomalies and improvement opportunities.
• Assist with data cleansing and data quality initiatives where required.

Finance Transformation and Change

• Participate in finance transformation projects, system implementations and process improvement initiatives.
• Support user acceptance testing and validation of finance system developments.
• Work with stakeholders to identify opportunities for automation and simplification of financial processes.
• Help ensure new systems and processes meet financial reporting and control requirements.

Stakeholder Engagement

• Build effective working relationships across Finance, Digital, Risk, and Operations teams.
• Present modelling methodologies, assumptions and findings to senior stakeholders.
• Provide technical support and advice on financial modelling issues.
• Support the development of modelling capability within the wider Finance function.

Other Duties

• Support colleagues across the Financial Control Division.
• Respond to ad hoc requests for financial analysis and modelling support.
• Undertake additional duties in line with business requirements and grade.

Person specification

UK Export Finance is looking for motivated individuals with a desire to learn about the business. Successful candidates will be provided not only with functional training to enable them to do well in their role, but also with personal development to help them to achieve their career ambitions. Please note that the person specification below outlines at which stage(s) you will be assessed on how you meet the criteria for the role(s) including:-

A = assessed at application stage I = assessed at interview stage T = assessed by test stage = assessed at presentation stage

Essential

Qualifications

• Degree in Finance, Mathematics, Economics, Statistics, Actuarial Science or a related discipline. (A)
• Part-qualified or fully qualified accountant (CCAB, CIMA) or equivalent professional qualification, or substantial relevant experience in financial modelling. (A)

Knowledge

• Proven understanding of financial accounting and financial reporting principles. (A, I)
• Knowledge of financial planning, forecasting and budgeting processes. (A, I)
• Understanding of financial controls and governance frameworks. (A, I)
• Knowledge of financial modelling best practice and model governance standards. (A, I)
• Understanding of data analysis and quantitative techniques. (A, I)

Skills/Ability

• Advanced Microsoft Excel modelling skills including experience building models using PowerQuery and VBA. (A, I)
• Proven analytical and quantitative capabilities. (A, I)
• Excellent attention to detail. (A, I)
• Ability to identify and resolve complex issues using a structured approach. (A, I)
• Proven data interpretation and problem-solving skills. (A, I)
• Excellent written and verbal communication skills. (A, I)
• Ability to explain technical financial concepts in a clear and concise manner. (A, I)
• Proven presentation and stakeholder engagement skills. (A, I)
• Ability to build effective relationships across multiple business areas.
• Ability to challenge constructively and influence decision-making. (A, I)
• Experience working within complex and multidisciplinary environments. (A, I)

Experience

• Significant experience developing and maintaining complex financial models. (A, I)
• Experience working with large and complex datasets. (A, I)
• Experience supporting financial forecasting, planning and reporting activities. (A, I)
• Experience documenting model methodologies and assumptions. (A, I)
• Experience implementing and operating model controls and validation processes. (A, I)

Qualifications

•Degree in Finance, Mathematics, Economics, Statistics, Actuarial Science or a related discipline. (A)
•Part-qualified or fully qualified accountant (CCAB, CIMA) or equivalent professional qualification, or substantial relevant experience in financial modelling. (A)

Behaviours

We'll assess you against these behaviours during the selection process:

• Changing and Improving
• Making Effective Decisions
• Delivering at Pace
• Communicating and Influencing

Technical skills

We'll assess you against these technical skills during the selection process:

• Technical exercise
• Technical questions

Benefits

Alongside your salary of £58,169, UK Export Finance contributes £16,851 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an employer contribution of 28.97%

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Strengths, Ability, Experience and Technical skills.

The application must be completed by 23.55 on the day of the closing date for it to be accepted.

Use of Artificial Intelligence (AI)

Artificial Intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance for more information on appropriate and inappropriate use.

Please ensure that you read through the Candidate Information Pack attached to this advert, before applying.

All applications will be sifted against our essential criteria outlined in the personal specification. In addition to this, applicants will also be asked to complete an on-line ability test, this must also be completed prior to the deadline for your application.

1. Qualifications

• Degree in Finance, Mathematics, Economics, Statistics, Actuarial Science or a related discipline. (A)
• Part-qualified or fully qualified accountant (CCAB, CIMA) or equivalent professional qualification, or substantial relevant experience in financial modelling. (A)

2. On-line ability test - Numerical (must be completed by Wednesday 11 November at 12:00 Midday to allow you to progress with your application).

3. Statement of suitability - you should fully articulate in 750 words how you meet the essential criteria outlined in the person specification within the Information Pack.

For the initial sift your application will be evaluated against:

1. Experience - CV / Application and Statement of Suitability

In the event of a large response an initial sift will be carried out on the following essential criteria with successful applicants being progressed to the full sift:

• Qualifications
  • Degree in Finance, Mathematics, Economics, Statistics, Actuarial Science or a related discipline. (A)
  • Part-qualified or fully qualified accountant (CCAB, CIMA) or equivalent professional qualification, or substantial relevant experience in financial modelling. (A)
• Advanced Microsoft Excel modelling skills including experience building models using PowerQuery and VBA. (A, I)
• Significant experience developing and maintaining complex financial models. (A, I)

If you are successful following the sift stage, you will be invited to an initial technical interview, to be held at UKEF's office (located at 1 Horse Guards Road), which will include the following assessment:

1. Technical exercise and questions - you will be assessed across your technical expertise and acumen, in relation to the essential criteria.

If you are successful following the technical interview, you will be invited to a panel interview, to be held via MS Teams; this will include the following assessment:

1. Behaviours / Strengths / Experience- a formal panel interview where you will be interviewed across all four behaviours highlighted in Appendix 1.

Details of interview panel members will be e-mailed to all successful candidates who are invited for interview.

Timetable

Please note that the interview dates are indicative.

Test deadline

12:00 Midday on Wednesday 11 November

Closing date for applications

23:55 on Sunday 15 November 2026

Notification of outcome of application

w/c 23 November 2026

Initial technical interview in Westminster, London.

w/c 30 November 2026

Interviews in Westminster, London or via MS Teams

w/c 7 & 14 December 2026

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a basic (or equivalent) criminal record check.Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window).People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Recruitment Team
• Email : Recruitment2@ukexportfinance.gov.uk

Recruitment team

• Email : Recruitment2@ukexportfinance.gov.uk

Further information

Should you have a complaint or wish to raise any concerns regarding the recruitment process, please e-mail your complaint to the Head of Pay and Resourcing (UKEF) at Recruitment2@ukexportfinance.gov.uk and include “Complaint” in the subject heading. Should you remain dissatisfied following UKEF’s investigation then you can refer your complaint to the Commission - http://civilservicecommission.independent.gov.uk/making-complaint.

Attachments

UKEF - Financial Modeller (Oct 26) Opens in new window (pdf, 1874kB)