Capital Accounting Manager
- Location:
- City of Edinburgh, EH12 9DJ
- Salary:
- £59,798 - £65,786 per year progressing to maximum within 3 years, subject to pay progression
- Contract Type:
- Permanent
- Position Type:
- Full Time
- Hours:
- 35 hours per week
- Work From Home:
- Hybrid
The SPS is responsible for all the prison establishments in Scotland managing £1.4b of fixed assets. The organisation is planning a significant level of capital investment over the next five years with a programme of replacing some of the oldest prisons within Scotland. The capital expenditure budget for 2025/26 is £355m.
The capital accountant is a critical role in the SPS Finance team in managing the reporting and control of the £1.4b on non-current assets and the budget monitoring of annual capital expenditure.
The Capital Accounting Manager will assist SPS Senior Management in the development and management of the Strategic Capital Plan. This will involve:
Production of a monthly capital monitoring pack reporting on the period performance, investigating and reporting on significant budgetary variances.
Providing updates on revised outturn forecasts on the capital programme, including advising on the necessary remedial action to meet spending targets.
Involvement in the development and the maintaining of the Organisational Medium Financial Strategy (MTFS).
The Capital Accounting Manager will be responsible for ensuring:
The integrity of the fixed asset register, ensuring additions, disposal, revaluations, and impairments are carried out accurately and in a timely manner. (The capital accountant will be supported in this task by a shared resource).
The Capital Accounting Manager will maintain and monitor the management of leases that fall under IFRS 16 reporting for leases, which includes:
Review new leases to determine lease type ad appropriate treatment.
Review leases for modifications and re-measurements due to lease changes and ensuring changes fully documented with related evidence.
Prepare lease forecasting and modelling of lease scenarios.
The Capital Accounting Manager will be responsible for the preparation of the SPS statutory annual accounts and other ad hoc SG reporting requirements for the areas of:
Fixed assets, including the impact of annual revaluations.
Responsible for IFRS reporting for leases.
The Capital Accounting Manager will review and prepare ad hoc reports and schedules and be responsible for:
Review of business cases for capital expenditure and lease costs submitted.
Assisting in the development of financial policies and procedures.
Performing ad-hoc finance related tasks