Finance Manager

at  Pathfields Medical Group

Primary Responsibilities: The following are the core responsibilities of the Finance Manager. There may be on occasion, a requirement to carry out other tasks; this will be dependent upon factors such as workload and staffing levels: Finance Management and Liaison: Serve as the primary contact for all finance-related matters with NHSE, ICB and the practice accountant Address any payroll related queries raised by staff. Manage practice finances to maximise income and cost-saving opportunities including negotiation and procurement to reduce expenditure. Ensure timely payment of invoices.
Financial Stability and Cash Flow: Handle payment processing and reconciliation and credit management, Support the Managing Partner to ensure the practice maintains financial stability while accurately monitoring cash flow, and forecasting income and workflow. Cash Management: Maintain an effective system for the handling petty cash, cheques and cash-less payments. Ensure safe storage and banking of petty cash. Oversee the management of records and payments to HMRC and pension providers including NHS Pensions.
Oversee the management of pension scheme records including NHS Pensions scheme and retaining accurate records. Implement a robust claiming process for current and future opportunities. Ensure bank reconciliations are completed in a timely manner and chase outstanding payments. Ensure submission of year-end data to the practice accountant Understand and brief the management team on financial implications of contract and legislative changes affecting the practice.
Maintain an effective working relationship with the ICB, ensuring the practice receives a proportionate and equitable allocation of resources. Implement a financial management system that is robust, compliant and supports current activities and future growth. Produce and present financial reports including detailed budgets and cash flow forecasts In conjunction with the practice accountant produce draft accounts and associated information Ensure that all accountancy software is up to date and relevant. Maintain external relationships with key stakeholders, including banks (and other sources of finance as appropriate), commissioners and the partnership accountants.
Identify income maximisation and cost saving opportunities including negotiation and procurement. Identify and develop new supply opportunities to improve the quality, service and value for money of goods and services. Manage trustees (Plympton Health Centre) payroll. Comply with the requirements of the Care Quality Commission and other regulatory bodies Attend and actively participate in practice management meetings Address issues as they arise to keep the service running smoothly Work in cohesion with Beacon Medical Group and oversee matters of finance relating to the management of Plympton Health Centre including ancillary staff payrol

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