Head of Transactions

4 weeks ago


Bolton, United Kingdom Bolton NHS Foundation Trust Full time

Due to changes within the Trust’s structure and development opportunities, the Finance Department is looking to recruit a Head of Transactions (Accounts payables and receivables).

We are looking for someone who will embody our Bolton VOICE values, who will protect and cherish our sprit; lead in an inclusive way; making sure our already engaged workforce continues to be supported and cared-for, whilst demanding the highest quality of care and performance from everyone. We pride ourselves on being an agile working department and support numerous methods of hybrid working to deliver the service we provide to the organisation. Our Corporate Services building is currently undergoing a full refurbishment that will provide us with a modern workspace, set up for agile working.

Please contact Martin Chadwick - Principal Consultant to discuss either of these roles further:
**Phone**: 07971 929 230

The post holder will lead the management of the Accounts Payable (AP) and Accounts Receivable (AR) teams, ensuring that the teams deliver to timetable and quality standards are achieved.

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

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

They will be responsible for managing the production of weekly, monthly and yearly transaction reports and including the Trust’s AP and AR positions on a weekly basis.

They will manage the AP and AR teams on a day to day basis and produce monthly performance reports for the Senior Finance Team, and deputise for the Associate Director of Finance as appropriate.

They will ensure that the profile of payments and debts for future years reconciles to the available cash and funding streams, and ensure that appropriate paperwork is in place to make timely invoice payments to creditors.

They will be responsible for overseeing the maintenance of the Accounts Receivable and Accounts Payable ledgers, ensuring that the ledgers accurately and completely reflect the assets and liabilities of the Trust.

They will act as the lead on the NHS Agreement of Balances exercise, liaising and coordinating with other finance team members as appropriate, to ensure the accurate and timely submission of returns, and disclosure of figures in the Trust’s Financial Statements.

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.
Duties & Responsibilities

Leads on day-to-day tasks in the Transactions Department, ensuring the team deliver a first class service to the Trust’s budget holders, suppliers and customers.

Streamline and implement efficient processes within the team making full use of electronic technology to reduce the need for manual input.

To ensure the Trust achieves its statutory targets (Better Payments Practice) by effective planning, forecasting and management of transactions.

Draw up a Debt Recovery Strategy to ensure prompt and correct collection of outstanding debt.

Provide key data to inform the Trust’s cashflow.

Work with budget holders, financial management, Financial Accounts, systems and procurement to ensure that the payable and receivables are at reasonable levels.

Manage the relationship with the Trust’s external debt recovery agency.

Ensure that the data on the Accounts Payable and Accounts Receivable sub ledgers is regularly reconciled.

Ensure that the sub ledgers are closed in accordance with the month and year end timetable.

Work with Procurement on enforcing compliance with Trust Standing Financial Instructions, including 100% Purchase Order compliance.

Lead the NHS Agreement of Balances exercises and ensure any variances are resolved.

Ensure that the information sent to supplie


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