Senior Management Accountant
at London North West University Healthcare NHS Trust
London HA1, England, United Kingdom -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 18 Aug, 2024 | GBP 48054 Annual | 19 May, 2024 | N/A | Nhs,Commitments | No | No |
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Description:
It is an exciting time to be joining London North West University Hospitals and our Finance department.
LNWH is a large- multi-site Trust which has close to a £1bn turnover, supporting the communities of Harrow, Brent and Ealing. The Finance Department comprises over 120 members of staff, comprising Financial Accounts, Management Accounts, Income and Contracting, and Transformation and Strategic Finance. We have a history of supporting staff personal development and as part of the NW London Academy and Talent Board, we have an established training scheme to support accountants who are embarking and continuing with academic study. The Financial Management team are responsible for the accurate recording of the Trust’s income and expenditure, monitoring financial performance against agreed budgets within the framework of the Trust’s operating plan, and providing timely and accurate financial information to a range of stakeholders.
The post holder will support all aspects of financial management including liaising with budget holders, maintenance of monthly reporting ,assisting with forecasts and budget setting. The Senior Management Accountant will be expected to produce monthly budget statements from the ledger in accordance with the Trust reporting timetables and high quality financial reports and analyses, including non-financial data that identifies and explains directorate variances and trends. They will be expected to be a financial expert for the areas they are responsible, advising non-financial colleagues with business cases, long term planning and complex financial analysis to support operational decision making. They will be able to act autonomously. They should be able to provide financial advice and management accounting support to a number of budget holders. The Senior Management Accountant will be working as part of a team responsible for supporting a number of Directorates, by delivering a high quality and timely financial management service to all budget holders. The post holder will also be expected to support the Senior Finance Manager as required including forecasting, costing, budget setting and income/expenditure analysis.
London North West University Healthcare NHS Trust (LNWH) cares for the people of Brent, Ealing, Harrow and beyond.
Our team of more than 8,200 clinical and support staff serve a diverse population of almost one million people.
JOB DESCRIPTION
Job Title: Senior Management Accountant
Division/Department: Financial Management & Contracting
Responsible to: Finance Manager/Senior Finance Manager (depending on area)
Accountable to: Head of Finance
Band: 6
Hours: 37.50
Location: Northwick Park Hospital
In order to meet the needs of the Trust’s services you may be required
from time to time to work at different locations to your normal place of
work.
JOB SUMMARY
The post holder will be responsible for providing a proactive management accounting service to the Trust’s Surgery division or women, children, cancer and clinical support services. This includes working closely with Senior Managers and Clinicians within the Trust, advising on financial issues and dealing with complex financial matters and
enquiries.
The Senior Management Accountant will be expected to produce monthly budget statements from
the ledger in accordance with the Trust reporting timetables and high quality financial reports and
analyses, including non-financial data that identifies and explains directorate variances and trends.
They will be expected to be a financial expert for the areas they are responsible, advising non financial colleagues with business cases, long term planning and complex financial analysis to
support operational decision making. They will be able to act autonomously.
They will support the finance manager with the directorate’s annual budget setting, regular budget
holder meetings and preparing forecasts and performance reports. On occasion you may be asked
to formally deputise for the Finance Manager or Senior Finance Manager in your area.
The post holder is expected to ensure a customer focused service is delivered to the divisions and
provide technical finance support to non-finance colleagues.
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this knowledge to provide bespoke support and advice to development robust forecasts.
- Responsible for all journals, virements, commitments, recharges to and from NHS and no
Responsibilities:
KEY RESPONSIBILITIES
- To generate and produce monthly divisional budget statements and financial reports in
accordance with the Trust’s agreed timetables and departmental policies and procedures.
- To investigate variances from plan by interrogating the Trust’s financial systems, to
summarise and report on these in monthly divisional performance narratives. To ensure
that effective monitoring processes are maintained to minimise variances.
- To support the Budget Holders by analysing trends and identifying potential and actual
variances through enhanced reporting techniques. You will work with budget holders to
understand the detailed makeup, and drivers, of their respective financial position and use
this knowledge to provide bespoke support and advice to development robust forecasts.
- Responsible for all journals, virements, commitments, recharges to and from NHS and non
NHS organisations, and other adjustments to ensure the completeness and accuracy of the
divisions’ financial statements.
- Monitor processes in the specified divisions to ensure financial controls and adherence to
Trust Financial Policies, including SFIs, are applied to the division for both expenditure and
establishment.
- To meet regularly with Budget Holders and to provide information and analysis to ensure
that financial balance is achieved. This will include supporting the Budget Holder in
identifying potential cost improvements within their service, providing the financial support
and expertise for any service development bids that are put forward and where appropriate
providing support for negotiations with external agencies.
- To support communication between them and other departments within the Finance
Directorate.
- To oversee the preparation and maintain the staff registers from the payroll data and
information and verify these to planned establishment and pay costs. To ensure that Trust
Head of Finance
Finance Manager/Senior
Finance Manager
Senior Management
Accountant
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procedures are followed for completion of staff change forms and payroll amendments.
- To assist in ensuring that all income sources are utilised and income agreements for SLAs,
salary recharges, etc. are signed off in accordance with Trust policy and timetables.
- To assist the Finance Manager with detailed costings for proposed Divisional developments
including capital bids.
- To ensure that a customer focused service of the highest possible standard is delivered to
the Trust including resolving queries from Budget Holders and Managers, in a timely
manner with minimum supervision.
- Supervise management accountant staff within the divisional financial management
function, ensuring staff are able to meet deadlines and achieve objectives.
- To undertake any other duties commensurate with the role as directed by the Head of
Finance, Senior/Finance Manager, or ADFM & P. This will encompass cover for other
management accountants, routine trust wide tasks and ad-hoc projects.
Service Development & Improvement
- To plan workload to ensure weekly, monthly, quarterly and annual financial timetables are
met.
- Make recommendations on improving financial control within the division and, if approved,
to carry out the implementation and monitoring of the new practice. To take a proactive
approach to risk management and be responsible for flagging perceived risks within the
division accordingly.
- Recommend improvements and changes to working practices within the Finance Division.
- To undertake surveys or audits as necessary to own work. Designs and conducts audits to
improve financial and accounting services. To seek out feedback from your service leads to
better understand how your team is perceived and where change may be needed to
maintain quality.
- Continuously improves and develop the finance team customer focused service to the
divisions, ensuring that at all times the team is striving to achieve the highest levels of
performance for customer service.
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RESPONSIBILITIES:
- Staff must wash their hands or use alcohol hand rub on entry to or exit from all clinical
areas and between each patient contact.
- Staff members have a duty to attend infection control training provided for them by the
Trust.
- Staff members who develop an infection that may be transmissible to patients have a
duty to contact Occupational Health
REQUIREMENT SUMMARY
Min:N/AMax:5.0 year(s)
Financial Services
Accounts / Finance / Tax / CS / Audit
Accounts Management
Graduate
Proficient
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London HA1, United Kingdom