Public finance accountant

Entry Requirements:

You can get into this job through:

• a university course
• an apprenticeship
• training with a professional body

University

Training in public finance accountancy is open to graduates of all subjects, though some employers may prefer you to have a degree in:

• accounting and finance
• business and management
• maths
• economics
• public administration

Look for work experience opportunities during your studies, as these can give you an advantage when applying for jobs.

Opportunities include:

• insight days
• virtual and in person work placements
• Easter and summer vacation schemes
• internships

After your degree you could join a structured graduate training scheme. Many employers will help you to gain the Professional Accountancy Qualification (PAQ) with the Chartered Institute of Public Finance and Accountancy (CIPFA).

There may be some exemptions for the certificate level of the PAQ, depending on your degree.

You can find graduate training schemes with:

• local and central government
• housing associations and charities
• the NHS and other healthcare bodies
• police authorities and the military
• private sector accountancy firms that offer services to public sector organisations

Entry requirements:

• 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths
• 2 to 3 A levels, or equivalent, for a degree

Entry requirements:

Apprenticeship

You could take your first steps into an accountancy career by applying to do a Professional Accounting Technician Level 4 Higher Apprenticeship. This can take up to 2 years.

You might then use this as entry onto the Accountancy Professional Level 7 Apprenticeship, or an accountancy degree at university.

Entry requirements:

• 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a higher or degree apprenticeship

OtherRoutes

You could study with the Chartered Institute of Public Finance and Accountancy (CIPFA) to qualify.

You would complete the Professional Accountancy Qualification (PAQ) .

You can apply to take the CIPFA PAQ if you're:

• over 18 and have at least 3 GCSEs, grades 9 to 4 (A* to C), and 2 A levels - including English and maths at either level
• a graduate with an accountancy related degree
• an accountant qualified with a different professional body
• a part-qualified accountant
• a chartered internal auditor
• a graduate with the Association of Accountancy Technicians

You could also do the CIPFA PAQ if you're in a senior public finance role but don't yet hold a professional accountancy qualification.

Further information

You can find out more about careers in public finance accountancy from the Chartered Institute of Public Finance & Accountancy.

Required Skills:

Digital skills : to have a thorough understanding of computer systems and applications

Skills:

• knowledge of economics and accounting
• maths knowledge
• to be thorough and pay attention to detail
• administration skills
• analytical thinking skills
• the ability to work well with others
• ambition and a desire to succeed
• the ability to use your initiative
• excellent verbal communication skills
• knowledge of computer operating systems, hardware and software
• customer service skills
• thinking and reasoning skills
• the ability to read English
• active listening skills
• the ability to think clearly using logic and reasoning
• business management skills
• excellent written communication skills
• the ability to use your judgement and make decisions
• concentration skills
• the ability to work well with your hands

What you'll do:

Public finance accountants make sure money is spent properly in public sector organisations.

As a public finance accountant you could:

• prepare financial records and statements
• make sure records meet legal and ethical standards
• monitor spending and cashflows
• advise treasury departments on investments and borrowing
• manage an organisation's financial systems and processes
• conduct internal audits
• present reports to boards and budget holders

Location : You could work in an office.

Salary:

Starter : £25,000
Experienced : £60,000

These figures are a guide

Working hours:

37 - 39 hours a week

Working Pattern is evenings occasionally

Career Path:

With experience you could become a senior accountant, move into management or progress to a director of finance position.

You could also move into private practice or management accountancy.

You could use your skills and experience to work in higher education or teach in further education .