Financial Assessor (Infected Blood Compensation Authority)
| Posting date: | 21 May 2025 |
|---|---|
| Salary: | £36,728 to £40,670 per year |
| Hours: | Full time |
| Closing date: | 15 June 2025 |
| Location: | Newcastle-upon-Tyne |
| Company: | Government Recruitment Service |
| Job type: | Permanent |
| Job reference: | 407190/1 |
Summary
Please note that the mission of IBCA means that it is likely to be operational for a period of approximately 5 to 7 years. When IBCA’s work begins to wind down, IBCA employees will receive support and practical guidance to find a new role, whether in the Civil Service, another Arms Length Body (ALB), or an external employer.
Are you ready to embark on a rewarding career where your expertise can make a real difference?
We invite you to join our Operations Directorate as a Financial Assessor. In this pivotal role, you will collaborate closely with Claim Managers and Service Integrity & Innovation (Fraud and Error) colleagues to ensure accurate calculations in complex historic cases, delivering the compensation people who wish to claim are owed promptly and fairly.
As part of the role you will:
- Lead payment reporting and forecasting. (incl payment forecasts, cash management forecasts, error reporting);
- Conduct financial assurance for payments. (Right person, right time. Payment issue resolution. Calculation checking);
- Undertake a complex calculation as part of the compensation calculation including financial assessment for exceptional loss supplemental award;
- Assist with Quality Assurance (non-financial) as demand dictates;
- Offer expert guidance on compensation calculations to progress cases effectively;
- Lead initiatives in an agile environment, contributing to the development of a product while embracing challenges with adaptability and innovation;
- Ensure Accurate Compensation Calculations: Provide expert validation and assurance for compensation calculations, guaranteeing fairness and accuracy in all cases;
- Maintain Process Assurance and Compliance: Uphold and reinforce robust processes to ensure compliance with policies and regulations, fostering integrity and transparency;
- Guarantee Payment Accuracy: Conduct meticulous checks to confirm payment amounts are correct, ensuring claimants receive what they are rightfully owed;
- Running reports for finance: Actuals: awards made, payments made, current stock of liabilities; cash forecast: live claims likely to be awarded; lump sum and recurrent payments forecast;
- Creating more sophisticated modelling for payment forecasts once we see actual claimant choices, values and volumes.
Proud member of the Disability Confident employer scheme