Senior Manager, Accounting Advisory

Shape the Future with the National Wealth Fund

At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions.

We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.

The Senior Manager, Accounting Advisory is responsible for leading the organisation's technical accounting function, providing strategic accounting advice on complex transactions, and ensuring compliance with IFRS, Companies Act and ONS requirements, and other applicable reporting standards.

The role acts as the principal technical accounting adviser to senior management and deal teams, supporting key business decisions, financial reporting, investment activities and corporate transactions.

Location: Hybrid working with a minimum of 3 days per week in the Leeds office.
Deadline to Apply: 2nd October 2026. Early submission is encouraged, and applications will be reviewed on an ongoing basis.

Key Responsibilities

• Act as the organisation's lead technical accounting adviser, providing authoritative guidance on complex accounting matters, transactions and financial reporting and disclosure issues.
• Lead the development and maintenance of the technical accounting framework, ensuring compliance with IFRS, ONS, Companies Act requirements and public sector reporting guidance where applicable.
• Oversee the preparation, review and approval of technical accounting papers, accounting policies, position papers and governance submissions for senior management, the Audit and Risk Committee and other governance forums.
• Lead the assessment and implementation of new and amended accounting standards, ensuring the organisation remains compliant with evolving reporting requirements.
• Provide strategic oversight of accounting judgements, estimates and disclosures within the Annual Report and Accounts.
• Manage the relationship with the National Audit Office (NAO), acting as the primary point of contact for technical accounting and financial reporting matters. Lead engagement throughout the annual audit cycle, coordinating responses to audit queries, resolving technical accounting issues and ensuring the timely delivery of audit evidence and reporting outputs.
• Build and maintain effective working relationships with the NAO and other external advisers, supporting a constructive and transparent audit process while appropriately representing management's accounting positions and judgements.
• Lead the accounting assessment of new investments, funding arrangements and complex transactions, ensuring robust documentation of accounting conclusions.
• Assess impact to the accounts of evolving credit changes and investment activities
• Drive continuous improvement in financial reporting, financial controls and governance processes.
• Lead, coach and develop technical accounting resources within the finance team, fostering a high-performing and collaborative culture.
• Deputise for the Head of Financial Control & Statutory Reporting on technical accounting, statutory reporting and audit matters as required.

Knowledge, skills and experience

• Chartered Accountant (ACA, ACCA or equivalent).
• Significant post-qualification experience in technical accounting, financial reporting and IFRS advisory.
• Extensive experience of interpreting and applying complex accounting standards to bespoke transactions in a financial services environment.
• Strong stakeholder management skills, with the ability to influence and challenge senior management.
• Experience of managing external audit relationships and presenting technical conclusions to governance forums.
• Demonstrated leadership experience, including coaching and developing finance professionals.

Desirable

• Experience within banking, lending, infrastructure, investment management, government-backed finance institutions or regulated financial services.
• Experience of impairment modelling and Expected Credit Loss frameworks.
• Familiarity with financial and disclosure impacts of credit related issues.
• Exposure to complex valuation techniques for debt, equity or derivative instruments.
• Experience supporting input into Audit and Risk Committee, Investment Committee or Credit Committee papers.

This role would suit an individual with a strong technical accounting background from firm specialised in supporting financial services institutions, infrastructure investors development banks, all with complex corporate reporting environments.

A career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK’s future. We value diversity in our people and inclusion is at the heart of what we do.

We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.

About us

The National Wealth Fund encourages a diverse workforce and welcomes applications from all suitably qualified people. Inclusion is at the heart of what the Fund does. Diversity in the Fund's people and their ideas will be vital to the National Wealth Fund's success. Appointments will be made on merit, with regard to maintaining the breadth of experience and expertise required and reflecting diversity in the broadest sense, to embrace different perspectives, characteristics and experience, as well as being broadly representative of the nations and regions of the UK.

Our roles are open to full-time, part-time or job-share applicants. Job-share applicants should supply individual CVs and a joint cover letter submitted with both applications.

As part of our standard hiring process, please be informed that a background check will be conducted for successful candidates in accordance with our company policy and industry best practices. Please note, that successful candidates will be offered a salary that is appropriate to their relevant experience and performance during the selection process.