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About DFT Operator

DFTO is the government’s public sector rail owning group. Its purpose is to bring all currently privately-owned train operators into public ownership in advance of the creation of Great British Railways in 2027 - and deliver improvements in the here and now by unifying and integrating train operations under common public ownership.

About DFT Operator

DFTO is the government’s public sector rail owning group. Its purpose is to bring all currently privately-owned train operators into public ownership in advance of the creation of Great British Railways in 2027 - and deliver improvements in the here and now by unifying and integrating train operations under common public ownership.

DFTO has over 23,000 employees, runs over 6,000 services a day and delivers over 450 million customer journeys across its networks every year. This accounts for 26% of total UK passenger journeys and 30% of passenger miles.

Major improvements are being delivered by DFTO train operators (TOCs) that are already under public ownership - these are LNER, Northern, TransPennine Express (TPE), Southeastern and South Western Railway (SWR).

Primary Purpose Of The Job

This role will play a pivotal part for incoming TOCs to the DFTO Group. There are two arms to the role, the first is focus on mobilisation and the other post transfer, both working alongside the incoming TOCs.

Finance mobilisation

Tasks for the finance transfer and transition workstream focusing on the setting-up of the financial transactional and operational requirements and support the incoming TOC will need. They will be responsible for ensuring the transfer is efficient, with critical tasks are in place (or mitigated) for Day 1 of transfer. The role will be responsible for managing the TOC finance and insurance (POTP) workstream activities.

Post Transfer

We will be creating a Parachute Team that will be there to support incoming TOCs post transfer date. This role is a finance role that will be utilising their knowledge and skillset, working alongside the TOCs, and other DFTO colleagues, to ensure that the finance teams understand changes to their ways of working when joining the DFTO group. They will be responsible for ensuring the transition is efficient, and the TOCs fully are supported as they learn the processes within DFTO Group while handing over any of their previous owning group’s responsibilities.

The role reports to the Senior Finance Transition Partner, supporting the activity on transition.

Vacancy Details

Duration: 24 - Month FTC

Location: Hybrid (main bases: DFTO satellite offices)

Reports to:Finance Senior Transition Partner

Salary: up to £60,000K

Closing date: TBC

Some Of Our Great Benefits

Flexible/hybrid working arrangements considered.

Annual Leave 25 days

Opportunities to learn across the wider industry

10 % pension contribution

Plus more….

Key Competencies

• Ability to liaise with senior internal and external stakeholders, working toward a common goal
• Pro-active approach and motivated to continually improve business processes
• Microsoft (suite) competent
• Exceptional communication skills (verbal and non-verbal)
• Good knowledge of compliance with all internal and external management and regulatory control
• Proven track record of driving process efficiencies
  
  

• Deputise for the Finance Senior Transition Partner where needed.
• Support mobilisation requirements, and be accountable of ensuring all documentation is completed, and kept up to date.
• Manage other adhoc projects and tasks as required
  
  

• Finance & Insurance workstream lead (POTP)
• Implementing, creation and assurance of bank accounts and Bankline (including GBS), suppliers, cash collection, Direct Debits, BAC systems, credit/purchase cards, treasury workshops, purchase orders (new and transfer).
• Engagement with the TOC and its 3rd Party Merchant Acquirers such as fuel cards, PayPal and others 3rd parties (TOC related). Ensure the relevant accounts, processes etc are in place.
• Review contract matrix list for Finance related services and IT software and provide guidance to the contract POTP/DFTO workstream.
• Ensuring the readiness and transfer relating to HMRC area, including Corp Tax, PAYE, VAT).
• Cashflow forecasting to ensure the management and timing of cash movement and requirements are understood. To guarantee payments for Day/Week one is in place.
• Ensure the relevant paperwork and calculations for funding and working capital are in place.
• Prepare and implement the delegate authority pack, ensure it is in place on Day one and aligned with DOHL TOCs governance.
• Mapping TOC’s finance teams, functions and smaller systems, carrying out a gap analysis and implement plans to mitigate risk. To identify services that require workorders.
• Analysis and comply a schedule of Net Assets that will transfer to the transferring TOC. Work with the Finance team to under what should be included.
• Engage with incoming TOC and DFTO insurance brokers, ensuring the necessary information is collected, reviewed and in order to allow DFTO insurance brokers to put in place insurance for Day 1.
• Engage with incoming TOC and DFTO insurance claim handler, ensuring the necessary information is collected, reviewed for a smooth post Day transition.
• Insurance assurance, identify the key contacts in the TOC and confirming all relevant information has been transfer over. Assisting with the introduction of DOHL insurance processes and procedures.
• Support the TOC, post day one, during Milestone 2 to ensure a smooth handover, training and assurance is carried out with the Senior Finance Transition Partner.
• Ensure all trackers, progress and risk reports are kept up to date.
• Prepare agenda for POTP, TOC, DFTO meeting relating to the above.
  
  

• Be the TOCs main point of contact, to answer any questions, support with any escalations and ensure they are supported across the TOCs.
• Manage internal stakeholders and escalate issues to the Finance Senior Transition Partner in a timely way.
• Provide financial guidance on accounting processes ensuring they are in line with up-to-date regulations, and DFTO Group finance policies and procedures.
• Help the TOC understand new centralised ways of working. The role holder will be the DFTO Group Finance Lead liaising with both the incoming TOC, and DFTO’s Finance BAU team to ensure a smooth transition, and all parties are kept in constant communication.
• Ongoing relationships with senior stakeholders in the incoming TOCs setting up their processes for the DFTO reporting requirements using the DFTO Accounting Manual.
• Assist in preparation for any reporting to DFTO Finance Board on the Programme.
• Key liaison for introductions, and knowledge share with dedicated external providers, and TOC.
• Understand finance systems and lead the set-up of new processes as required for ease of reporting, while supporting TOC on process development where required.
• Assist and execute a training programme in line with DFTO Group’s Welcome Pack.
  
  

• Qualified ACCA, CIMA, ACA or equivalent
• Excellent stakeholder engagement and communication skills all levels. This should include all levels of staff, including management, and senior stakeholders, both with TOCs, and internally
• Experience in managing ambiguity in a financial environment with strong evaluation and decision-making skills.
• Excellent technical Financial and Accounting knowledge and application of that knowledge in a complex and commercial environment.
• Ideally Project Management experience
  
  

• Substantial experience within multiple finance disciplines
• Knowledge and technical expertise of Government accounting and relevant financial governance
• Understanding of project management principles and experience of managing complex projects to successful conclusion.
  
  

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Information Technology

• Industries

  Rail Transportation

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