Assistant Financial Accountant
| Posting date: | 17 May 2024 |
|---|---|
| Salary: | £18.00 to £20.17 per hour |
| Hours: | Full time |
| Closing date: | 16 June 2024 |
| Location: | Central London, London |
| Remote working: | On-site only |
| Company: | Morgan Hunt UK Ltd |
| Job type: | Temporary |
| Job reference: |
Summary
Morgan Hunt requires an Assistant Financial Accountant for NHS based in Central London
Pay Rate: £18ph PAYE + £2.17 WTR Total: £20.17ph PAYE.
Hours 37.5 8am to 4pm or 9am to 5pm Mon to Fri
Location: Central London
Duration: 6 months on going contract
JOB PURPOSE
Reporting into the Head of Financial Accounts, the Assistant Financial Accountant will have a range of financial accounting responsibilities, including reconciliation of General Ledger control accounts, assisting with production of VAT, Tax, National Insurance and NHS Pension returns and maintenance of Losses and Special Payments register.
As a key part of the Financial Accounting team, the Assistant Financial Accountant will assist with the production of the statutory accounts and periodic returns in accordance with NHS Improvement, Department of Health and HMRC deadlines. They will also produce regular and ad hoc reports as required by the Head of Financial Accounts.
3. KEY RESPONSIBILITIES
1. To assist in the production of the monthly, quarterly and annual accounts by completing an assigned portfolio of responsibilities.
2. To assist in producing financial reports, returns to NHS Improvement, Department of Health and Social Care, VAT returns and annual statements on a rotational basis as required.
3. To reconcile a specified range of control accounts relating to the Trust’s Statement of Financial Position and ensuring discrepancies are resolved and journals are produced for reconciling items accurately and on a timely basis.
4. To assist in reviewing Income contracts and agree applicable Financial Reporting
Standard against each new contract.
5. To co-ordinate interim and year-end stock takes and prepare stock adjustment journals for review.
6. To reconcile and prepare monthly CIS return for review.
7. To reconcile and prepare Congestion Charge reimbursement claims from TFL for review.
8. To ensure that staff payroll deductions on behalf of third parties made via the payroll system are paid over to relevant organisations on a timely basis.
9. To be responsible for the maintaining the Losses and compensation register and recording of losses and compensation payments in line with NHS Improvement and the Trust’s Standing Financial Instructions and to prepare annual returns for submission to NHS Improvement and quarterly reports to the Audit Committee.
10. To prepare recharges to Hospital Charity in respect of payroll, pensions, rents and other ad hoc items.
11. Liaise with the Capital Accountant to ensure that items purchased from Charitable funds are capitalised as appropriate.
12. To assist in supplying financial information to key stakeholders including non- financial staff when requested in a polite, prompt and efficient manner. This will involve providing and receiving complex and contentious information, some of which may be sensitive.
13. To ensure every process has an accurate procedure note that can be interpreted by both finance and non-finance colleagues.
14. To provide guidance and interpretation of the Trust’s Financial procedures, Scheme of Delegation, Standing Orders and Standing Financial Instructions where necessary.
15. To deliver informal training to work colleagues and non-finance staff on a range of subjects related to own area and a range of general procedures.
Pay Rate: £18ph PAYE + £2.17 WTR Total: £20.17ph PAYE.
Hours 37.5 8am to 4pm or 9am to 5pm Mon to Fri
Location: Central London
Duration: 6 months on going contract
JOB PURPOSE
Reporting into the Head of Financial Accounts, the Assistant Financial Accountant will have a range of financial accounting responsibilities, including reconciliation of General Ledger control accounts, assisting with production of VAT, Tax, National Insurance and NHS Pension returns and maintenance of Losses and Special Payments register.
As a key part of the Financial Accounting team, the Assistant Financial Accountant will assist with the production of the statutory accounts and periodic returns in accordance with NHS Improvement, Department of Health and HMRC deadlines. They will also produce regular and ad hoc reports as required by the Head of Financial Accounts.
3. KEY RESPONSIBILITIES
1. To assist in the production of the monthly, quarterly and annual accounts by completing an assigned portfolio of responsibilities.
2. To assist in producing financial reports, returns to NHS Improvement, Department of Health and Social Care, VAT returns and annual statements on a rotational basis as required.
3. To reconcile a specified range of control accounts relating to the Trust’s Statement of Financial Position and ensuring discrepancies are resolved and journals are produced for reconciling items accurately and on a timely basis.
4. To assist in reviewing Income contracts and agree applicable Financial Reporting
Standard against each new contract.
5. To co-ordinate interim and year-end stock takes and prepare stock adjustment journals for review.
6. To reconcile and prepare monthly CIS return for review.
7. To reconcile and prepare Congestion Charge reimbursement claims from TFL for review.
8. To ensure that staff payroll deductions on behalf of third parties made via the payroll system are paid over to relevant organisations on a timely basis.
9. To be responsible for the maintaining the Losses and compensation register and recording of losses and compensation payments in line with NHS Improvement and the Trust’s Standing Financial Instructions and to prepare annual returns for submission to NHS Improvement and quarterly reports to the Audit Committee.
10. To prepare recharges to Hospital Charity in respect of payroll, pensions, rents and other ad hoc items.
11. Liaise with the Capital Accountant to ensure that items purchased from Charitable funds are capitalised as appropriate.
12. To assist in supplying financial information to key stakeholders including non- financial staff when requested in a polite, prompt and efficient manner. This will involve providing and receiving complex and contentious information, some of which may be sensitive.
13. To ensure every process has an accurate procedure note that can be interpreted by both finance and non-finance colleagues.
14. To provide guidance and interpretation of the Trust’s Financial procedures, Scheme of Delegation, Standing Orders and Standing Financial Instructions where necessary.
15. To deliver informal training to work colleagues and non-finance staff on a range of subjects related to own area and a range of general procedures.