Head of Income

5 months ago

Bolton, United Kingdom Bolton NHS Foundation Trust Full time

The post holder will support the Associate Director of Finance in providing a comprehensive financial management and support service in all aspects of income management for the Trust; providing advice to the Senior Finance Team and divisional management teams when required.

The role will lead the day to day management of the income and overseas teams, ensuring they deliver to timetables and all monthly reporting deadlines are achieved.

Previous applicants need not apply.

A key element of the role is to ensure income is priced, invoiced, reported and forecasted accurately in accordance with National guidance (National Payment system e.g.), plus local contracts policies and guidance.

Key to the role is maximising the contracted clinical income of the Trust by accurately reporting the Trust Income position on a monthly basis, plus thorough assessment and identification of opportunities and income risk (e.g. counting & recording issues; CQUIN; contract KPIs).

Contributing to the Trust’s annual financial planning process whilst adhering to corporate standards and timetables.

The post holder will deputise for the Associate Director of Finance when appropriate.

The post holder will support the monthly and year-end production of local/national performance returns and statutory accounts.

A key part of the role will be discussing complex issues with external commissioners, auditors and Trust staff at all levels.

The Finance Department at Bolton NHS FT is FSD / FFF Level 3 accreditation, and we are looking to build on this and do more. The department regularly organises a range of events covering both professional development and social activities and we are always looking for new ideas.

**We’re a humble Trust. But we know what makes us good**: our clinical performance and sound operations - rooted in patient safety, robust governance and continuous quality improvement; our highly engaged staff, whose passion for patient care creates a palpable, warm and welcoming spirit and the innovative way we work with our partners. We are good - the CQC recognised this in April 2019 and our staff tell us this every time we ask them. But we want to be outstanding. Not for ourselves, but for the communities we serve.

Bolton is a special place, part of the Greater Manchester family but with a robust identity of its own; communities that are rich in their diversity but unified in the shared characteristics of friendliness, compassion and resilience. They deserve outstanding services.

You will bring experience, drive, ambition, visibility and engaging leadership to the Finance Team and a true dedication to ensuring patients are at the heart of every decision.
- To provide financial information and advice to the Senior Finance Team, Divisional Management Teams, Clinical Directors and other managers as required. To meet regularly with these managers to ensure that any potential income problems are identified early enough for corrective action to be effective.
- To have responsibility for all aspects of income budgetary management within the relevant directorates, including monitoring of performance and providing advice on corrective action as necessary.
- To ensure robust monitoring systems are in place to monitor all income streams and support Divisional Business Partners triangulate income & activity with costs.
- To provide the Associate Director of Finance with the information necessary to enable corporate financial reporting. This will include explanation of significant variance movements, trends & risks for inclusion in the Trust Board Report.
- To provide and develop monthly financial performance reports that take into account activity and income, encompassing risks and forecasts.
- To review the Trust’s income relative to national norms and other provider units and establishing verification of significant variations.
- Ensure income is obtained for other treatments, drugs and devices including Non-Commissioned Activity and Overseas Visitors.
- Work with colleagues in the resolution of commissioner/provider payment disputes and the subsequent statutory requirement to agree year-end balances.
- To provide input as required to the Trust’s statutory financial reports.
- To ensure that the Trust’s standing financial instructions and codes of procedures are adhered to at all times.
- Maintain and ensure accuracy and compliance of financial ledger systems in terms of NHS accounting principles.
- SLAM is to be maintained and kept accurate with a thorough reconciliation between it and ledger done monthly to ensure the latest contract position of the ICB’s are accurately recorded.
- Monitor and review responses to reports/information requests and resolve any queries to complete all the Trust statutory submissions in line with DH guidance.
- Attend specialist workshops and keep up-to-date and with national and local technical and financial guidance in relation to the jobholder’s responsibilities, ensuring that the

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