Senior Financial Accountant

2 days ago

Rainham, United Kingdom NELFT North East London Foundation Trust Full time

Job summary

We are seeking a motivated and dynamic Band 7 Senior Financial Accountant to apply for this exciting opportunity to work within the NELFT Finance team.

The role will require the successful candidate to work as part of the team based in the Finance department at CEME Innovation Centre, Marsh way, Rainham, RM13 8EY.

Main duties of the job

The candidate will need good communication skills and will be required to understand highly complex financial information and translate this to non-financial managers and external organisations.

Assist in the production of the monthly accounts and maintenance of comprehensive fixed asset register system. This involves managing staff and working to tight deadlines.

Working collaboratively across the wider finance team.

Managing a team within the Financial Accounts Team. Any other financial duties as required by the Associate Director of Finance. The successful post holder will be expected to work in an agile part of the Finance team team we can offer you:o Ensure that your own knowledge and skills are constantly updated, including mandatory trainingo Management supervision and appraisalso Training and development opportunitieso Provide agile working kit to enable agile working

About us

Starting with NELFT

NELFT place a great deal of importance on new starters being properly welcomed and inducted into the Trust. All new starters will join the Trust on the first Monday of each month and will undertake a comprehensive induction of up to two weeks which will include mandatory training, systems training and the allocation of equipment. As part of the process new starters will have the opportunity to also meet the executive team, senior managers and attend a number of drop in sessions focussing in engagement, health and wellbeing and key processes. The induction will be held at our head office in Rainham, Essex.

Probationary Period

This post will be subject to a probationary period. Internal applicants are exempt from the probationary period (unless you are an internal applicant currently part way through a probationary period or currently a bank member of staff).

High Cost Area Supplement

This post also attracts payment for High Cost Area Supplement of 15% of the basic salary (minimum payment of £4,313 and a maximum payment of £5,436 per annum pro rata).

COVID-19 Vaccination

We continue to encourage all staff to ensure that they have been double vaccinated and received their booster. We recognise that taking the vaccine provides the best defence against COVID 19 for our patients, our staff and their families.

Job description

Job responsibilities

To undertake all duties in compliance with the Trusts SOs and SFIs and other operational policies, procedures and targets. Ensure good standards of working for the control of the financial database, ensuring they are updated accurately and timely. To manage the Financial accountants and staff underneath ensuring the personal and professional development of the sections including regular staff supervision sessions and annual appraisals. To assist in the production of the Trusts statutory Annual Accounts and Notes and Trust Returns in accordance with IFRS. Ensure that the capital programme and fixed assets are accounted for correctly, in line with the relevant statutory and NHS accounting policies and procedures. Responsible for recording, monitoring and analysing commitment and expenditure against budgets. Reconciling monthly accounts and producing periodic variance reports appropriate to differing management levels. Works with scheme managers to plan and develop robust forecasts of expenditure in order to monitor project cost against budget and to project cash flow and the resulting capital charges. Monitors actual and projected cash flows against the NHS improvement Threshold and giving early notification of any forecast variation. Maintains the Trust asset register in full compliance with the NHS Trusts, including additions, disposals, revaluations, impairments and transfers. Production of monthly reconciliations to the general ledger. Prepare all working papers, as required by the external auditors in their "prepared by client schedules" in advance of their final audit visit. This information will be used in preparation of the Trusts Annual Accounts. Calculate the capital charges estimate for the Trusts Annual Plan and provide capital charges forecasts as and when required to SLR Manager. Ensure that the proper procedures and process are in place for the reporting of and accounting for capital and asset revaluation. Person Specification

Educational/Technical

Essential

CCAB part qualified, or fully qualified Accounting Technician with significant post qualifying experience

Experience

Essential

Significant experience of working in an NHS Organisation Extensive experience of working in a Financial Management role Significant experience in Staff Management Experience in preparing financial plans Ability to communicate effectively and pass on knowledge to all levels of staff especially directors and senior managers and clinicians

Desirable

Significant experience working in public sector finance Previous Experience of Strategic Financial Management gained in a public sector setting Experience of involvement in medium term financial planning Experience of managing change Experience of preparing, writing and presenting reports including on a range of complex financial issues Experience of negotiating and supporting contract and service level agreements

Knowledge

Essential

Fundamental knowledge of NHS accounting principles

Desirable

experience in annual accounts experience in capital accounting experience in cash management

Skills/Abilities

Essential

Able to manage, and organise own work and input from other stakeholders to complete task by agreed dates. Able to produce reports and present information to large groups in a clear and concise way and with confidence Able to work with senior managers and clinicians Able to fully cost projects and services Able to interpret non-financial data and to link it with financial information Excellent negotiation and influencing skills Good decision making and prioritisation skills Good analytical and judgemental skills Good IT skills, including spreadsheets, databases and cost apportionment Clear and accurate written and verbal communication skills Good understanding of NHS finance Ability to travel efficiently throughout the business unit Ability to work flexibly and adjust to changing requirements

Desirable

Experience of organising and providing finance training to non-finance and junior finance staff

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