The role is responsible for the delivery of cost-effective, efficient, and responsive financial accounting services to the Trust.The post holder will be part of the centralised corporate finance function which incorporates financial accounting, planning, and reporting services.
The role includes responsibilities such as treasury and financial accounting, including processing payment runs for the Trust and its Charity, supporting the preparation of Charitable Accounts, carrying out reconciliations, providing technical accounting advice and analysis, preparing and producing reports, preparing and posting journals, streamlining processes, and ensuring compliance with relevant accounting standards / Standing Financial Instruction (SFI) / Scheme of Delegation (SoD), HMRC rules, policies and regulations.
The role will involve regular and confidential communication with internal and external stakeholders, including budget holders, senior leaders and auditors. One of the key responsibilities is to ensure the Chief Finance Officer and Deputy Chief Finance Officer are kept informed of all key management issues and escalation requirements relating to service areas.
The role will work to establish and maintain excellent relationships with other partners and stakeholders. The post holder must balance competing demands and priorities, work across the whole portfolio, support the finance team, and be capable of representing the Trust.
The post holder will support the development of financial strategies that align to the Trust's vision, in close liaison with the Financial Management team, Information team, Clinical leads, Contracting, Procurement, Clinical Assessment & Placement, Strategy & Partnerships and transformation teams.
The post holder will contribute to developing a culture of strong financial stewardship within the Trust, promoting the need for probity, economy, efficiency and effectiveness and value for money in all aspects of the Trust's business.
Duties & ResponsibilitiesThis is a key role and is a member of the technical accounting team of the Finance Department. The post holder will take responsibility for supporting the development and performance of the corporate finance team by ensuring the delivery of a professional, dynamic, efficient, and proactive service to meet the needs of the Trust. The postholder will be responsible for the following.
Treasury and Cash management
Work with the Treasury and Financial Accountant to ensure effective management of the Trust's balance sheet including, debtors, creditors, and cash.
Processing payment runs for the Trust and its charity
Completion of daily cash allocation and bank reconciliation ensuring that all payments received are analysed and correctly allocated to invoices or general ledger codes. Ensuring that bank reconciliations are balanced, and any queries cleared in a timely manner.
To raise sales invoices and credit notes and cash cheques.
Support the recovery of funds from customers and the timely payment of suppliers by contacting relevant stakeholders, resolving queries and communicating effectively with all.
Representing the Trust when liaising with stakeholders.
Ensure all income is receipted and banked promptly. Specifically, this requires and involves: liaising, organising, communicating and planning (finance colleagues, security companies, and GBS and commercial banks), resolving issues surrounding the banking of income.
To assist in the management of purchase order processing, including raising purchase requisitions and matching corresponding supplier invoices to those purchase orders.
To support budget holders to code and forward invoices for payment authorisation in a timely manner, liaising with other members of the Finance Team.
To link with NHS SBS to ensure authorised new suppliers are created within the Creditor system and changes are maintained
To ensure budget holders have sufficient information to approve invoices for payment in a timely manner, including an understanding of the Purchase Order process, to enable the Trust to meet the requirements of the Better Payment Practice Code (BPPC).
Responsible for the control, administration, management and disbursement of nominated Charitable Funds and Barclaycard (Precision card). Ensuring that daily funds operate within their specified budgets.
Supporting the development of cash flow forecast.
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