Trust Reporting Financial Controller

Allwyn UK; Watford; On-site; GBP 60,000 - 80,000; Full time

Job summary

Allwyn UK is seeking a Trust Reporting Financial Controller to oversee compliance with the Trust Deed and manage financial reporting for the National Lottery. This role involves leading a team and ensuring adherence to regulatory requirements while driving financial innovations and improvements. Join a multi-national lottery operator on a transformative journey to enhance player safety and contribute to good causes.

Benefits

26 days paid leave (plus bank holidays)

Annual bonus scheme

2 x Life Days

4 x Salary of Life Insurance

Pension matching up to 8.5%

Single Private Health Cover

£500 Wellness Allowance

Income Protection

Enhanced parental leave

Eye Care, Dental and Cycle To Work schemes

Qualifications

• Statutory reporting and control-based experience.
• Experience of managing and coaching direct reports.
• Ability to interpret complex financial data.

Responsibilities

• Ownership of finance matters related to the Trust Deed.
• Ensure accurate regulatory reporting to the Trustee and Gambling Commission.
• Lead financial control on new game design and implementation.

Skills

Stakeholder Management

Financial Analysis

Problem Solving

Communication Skills

Project Management

Education

ACA or ACCA qualification

Tools

SAP

Microsoft Excel

Job description

Join our journey to create a new experience for the National Lottery and help us to power change for the greater good.

About us:

We are Allwyn UK, part of the Allwyn Entertainment Group – a multi-national lottery operator with a market-leading presence in Austria, the Czech Republic, Greece, Cyprus and Italy. In the UK we are the operator of the National Lottery with a 10 year licence that started in February 2024.

We’ve developed ground-breaking technologies, built player protection frameworks, and have a proven track record of making lotteries better. Our aim is to create one of the UK’s most inclusive organisations – where people can bring the best of themselves, to do their best work, every day, for the benefit of good causes.

While the main contribution of the National Lottery to society is through the funds to good causes, at Allwyn we put our purpose and values at the heart of everything we do. Join us as we embark on a once-in-a-lifetime, largescale transformation journey to build a bigger, better, and safer National Lottery that delivers more money to good causes.

Role Purpose:

An exciting opportunity in a key and broad financial role within an innovative multibillion pound business. When a player buys a ticket for a National Lottery game, the money paid, plus the prizes that are due to players are ringfenced and placed into a Trust ensuring that players monies are protected at all timed, this process is governed by the Security Trust Deed and enacted through the Funds Protection Policies here at Allwyn. The Trust team are responsible for ensuring that Allwyn, at all times, comply with the Trust deed and maintain the control environment that surround the Funds Protection Policies and Allwyn’s regulatory reporting to both the Trustee and the Gambling Commission.

As such, this role is the key interface into the Trustee, and the gatekeeper of the Security Trust Deed, ensuring that:

• we comply with the requirements of the Trust Deed through regular reporting to the Trustee,
• we comply with the requirements of the Licence through regular reporting to the Gambling Commission
• ensure that the Security Trust Deed, in conjunction with the Trustee and lawyers, is updated to align with the business requirements.

Currently at Allwyn we are embarking on an ambitious transformation plan to replace all of our legacy systems. This will give us the platform and capabilities to transform the National Lottery ensuring that it can grow with the effect of increasing our contributions to good causes in addition to being able to offer the best games possible to our players, whilst maintaining player safety. As part of the transformative journey, we are aiming to automate Trust reporting this summer. This role will play a key part in ensuring that we achieve this, in addition to ensuring that there is a road map and plan to deliver further Trust Enhancements.

An exciting part of the Trust Reporting Financial Controller role is new gaming innovations. All our gaming innovations must be approved by the Gambling Commission, and this role will be a key member of any new game innovation working group; ensuring that game design is aligned to our Funds Protection Policies and engaging the Trustee to ensure that any impacts to the Security Trust Deed are considered, and updated where appropriate.

This role will report to the Head of Financial Control and lead a team of four; two qualified accountants, one finance graduate and one analyst.

Role Responsibilities:

• Ownership of finance matters in relation to the Trust Deed and associated legal documentation.
• Be recognised internally and externally as Allwyn’s financial lead for the Gambling Commission and Trust Deed matters.
• Financial Control lead on new game design, games implementation and games process flows.
• Be the main contact for sales and marketing for promotional activities funded by Trust reserves.
• Ensure that all lottery games and channels and any Licence and Trust Deed variations are incorporated in a controlled manner into the relevant financial reporting processes.
• Accountability for ensuring that the Trust team deliver all regulatory reporting accurately and on time to the Trustee and the Gambling Commission. This includes the scheduled weekly payment to Good Causes,
• Work alongside key stakeholders in Legal and Regulation on all Trust and Gambling Commission matters.
• Ensure the delivery of Trust month end and accounting, ensuring that period end processes (which include journals and balance sheet reconciliation) for the gaming side of the business are delivered accurately and on time
• Lead the relationship with PwC on the monthly Trust audit.
• Leading, management and coaching of four team members.
• Be an advocate for change management ensuring that Trust Reporting and the evolution of Trust reporting is best in class

Key Skills & Experience:

• ACA or ACCA or similarly qualified accountant with statutory reporting and control-based experience
• Strong internal and external stakeholder management skills (at all levels of seniority)is a must have.
• Proven experience of analysing and interpreting financial data.
• Demonstrable ability to articulate and present using effective written and verbal communication skills, including report writing.
• Ability to deliver financial projects against competing deadlines, to include supporting project planning and execution.
• Ability to interpret complex financial data including excellent problem-solving skills.
• Experience of interpreting and applying new accounting standards as may be relevant.
• Experience of delivering process improvements, including driving efficiencies.
• Experience of managing and coaching direct reports and wider team members.
• Proven aptitude using accounting systems, ideally SAP, and an ability to understand and adapt to different systems and ways of working.
• Ability to use the Microsoft Office suite, with advanced knowledge of Excel.

Our goal is to create one of the UK’s most inclusive organisations – where people can bring the best of themselves, to do their best work, every day, for the benefit of good causes.

Allwyn is an Equal Opportunity Employer which prides itself in being diverse and inclusive. We do not tolerate discrimination, harassment, or victimisation in the workplace. All employment decisions at Allwyn are based on the business needs, the job requirements, and the individual qualifications. Allwyn encourages applications from individuals regardless of age, disability (visible or hidden), sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.

• 26 days paid leave (plus bank holidays)

• Annual bonus scheme

• 2 x Life Days

• 4 x Salary of Life Insurance

• Pension: we’ll match your contribution up to 8.5%

• Single Private Health Cover

• £500 Wellness Allowance

• Income Protection

• Enhanced parental leave (maternity and paternity)

• Eye Care, Dental and Cycle To Work schemes