Financial Accountant | Milton Keynes University Hospital NHS Foundation Trust
| Posting date: | 23 May 2024 |
|---|---|
| Salary: | Not specified |
| Additional salary information: | £43,742 - £50,056 Per annum |
| Hours: | Full time |
| Closing date: | 22 June 2024 |
| Location: | Milton Keynes, MK6 5LD |
| Company: | Milton Keynes University Hospital NHS Foundation Trust |
| Job type: | Permanent |
| Job reference: | 6340706/430-CORP1403A |
Summary
Financial Accountant
Department:Financial Services Team
Band 7 £43,742-£50,056 per annum, pro-rata if part-time
Hours: 37.5 per week, all MKUH roles will be considered for flexible working
An exciting opportunity has arisen for a Financial Accountant role within the Financial Services Team at Milton Keynes University Hospital NHS FT. This is an excellent opportunity for an enthusiastic, highly motivated individual, who is an excellent team player, to support the Financial Services function.
The suitable candidate will be a professionally qualified accountant or actively studying towards a CCAB qualification and have experience of working in Financial Services. Previous experience of working in a public sector organisation and experience of the NHS is highly desirable.
The position reports to the Deputy Financial Controller, and the role covers the production of accurate and timely financial reports and information throughout the year, which enable the requirements of the monthly, quarterly and annual financial cycles to be met.
Interview date: 17th June 2024
The compilation and completion of relevant forecasts, and the maintenance, monitoring and development of the forecasts throughout the year liaising with colleagues over reporting. This will ultimately culminate in the production of the Trusts annual accounts, the Trust subsidiary (ADMK Ltd) accounts and the Trust charity accounts.
Organisation and planning of a number of complex activities work within the Financial Accounting function including the setting of priorities and targets.
The post holder will be required to assist in the completion of the Trusts statutory accounts, monthly PFR returns, long term cash flow forecast & AOB exercise, and in the completion of the Trust subsidiary and charity accounts.
Lead on the development and production of robust working papers for the Trust in year and Annual Accounts and for the Trust Subsidiary and Charity Accounts under the relevant accounting standards.
Responsible for the management of the Trust’s provisions in accordance with IAS 37 this includes the annual valuation of the Trust’s Pension and Injury Benefit provisions using GAD tables and the application of the prevailing discount rate.
In addition, the post holder will oversee the completion and review of the Trust and subsidiary VAT return, undertake effective monitoring of the Balance Sheet and support the process for ensuring the Trust, subsidiary and charity follows appropriate Standing Financial Instructions.
You can expect a warm welcome at Milton Keynes University Hospital, our staff are friendly and welcoming. We listen to each other and work together to embed our Trusts values and behaviours. At MKUH we appreciate our staff and reward them with an outstanding benefits package including:
• Free on-site parking
• Free tea and coffee
• Great flexible working opportunities
• Discounted gym membership
• Lease car scheme
• Generous annual leave and pension scheme
• On site nursery (chargeable)
• Extensive staff health and well-being programme
Milton Keynes University Hospital NHS Foundation Trust, in partnership with the University of Buckingham, is a University Teaching Hospital; we conduct research and teaching on site to improve the care of our patients. The hospital is undergoing significant investment, and we are proud to be rated good by the CQC. Visit our website to catch up on our latest news.
The Financial Services Team includes capital, charity, subsidiary, accounts payable/receivable, treasury, governance and statutory returns.
The post holder will be a highly driven, enthusiastic and energetic individual with management experience and an excellent knowledge of International Financial Reporting Standards and accounting processes and procedures, excellent Excel skills and the ability to interpret, apply & provide practical guidance on relevant accounting standards.
Financial Accounting
• Lead on the planning and production of the working papers and TAC schedules for the trusts statutory in year and annual accounts, in line with International Financial Reporting Standards and applying NHS guidelines as set out by NHSI
• Lead on populating the monthly NHSI PFR returns in line with submission deadlines
Charity Accounts
· Responsible for the planning, production and submission of the Charity statutory year end accounts in line with Charity Commission regulations and deadlines and ensure they comply with relevant accounting policies.
• Responsible for producing and providing information for the Trust annual plan relating to charitable fund activities, including any revisions required throughout the year.
Subsidiary – ADMK Ltd
• Successful planning, production and submission of the Subsidiary statutory year end accounts and ensure they comply with FRS 102 accounting standards.
• Responsible for calculating and submitting the subsidiary corporation tax returns, ensuring that relevant submission software is available and up to date, sourcing and procuring updates to this where required.
Staff Management
• To devise and implement training programmes to support staff development for finance staff this training will cover all aspects of Financial Accounting activities in respect of financial systems and policies. The post holder will also be expected to allocate departmental workload, regularly review performance against defined objectives’ assist as a panel member in staff recruitment and undertake appraisals
• To train staff in finance related departmental policies and procedures and to participate in Trust wide training and communication initiatives
Communication
• Regularly receive and provide highly complex information to senior managers and staff of the Trust
• Prolonged concentration is required when checking and reconciling information, setting up spreadsheets, undertaking calculations and answering queries.
This is a hybrid role, requiring 2 days per week on site in Milton Keynes. There may be more time required on site initially for training purposes.
Please refer to Job Description for further details
MKUH is committed to equal opportunities and improving the working lives of our staff and as such we offer a range of flexible working practices. We promote an inclusive workforce and encourage applications from applicants from all backgrounds.
We reserve the right to expire vacancies prior to the advertised closing date once a sufficient number of applications have been received.
MKUH uses identification scanning technology to confirm the authenticity of documents; all prospective employees of MKUH will have their original documents verified using this technology.
By applying for this role, you accept if successful, that information from your application will be transferred into the national NHS Electronic Staff Record (ESR) system. Your personal data may be transferred from the Trust to another NHS organisation where your employment transfers within the NHS. This is in accordance with the streamlining programme which aims at saving you time and improving efficiencies within the NHS when your employment transfers.
Upon commencing employment with the Trust, all employees (except Medical & Dental Staff on national terms and conditions) are subject to a probationary period lasting a period of six months with an option to extend for a further six months to a total of 12 months.
This advert closes on Thursday 6 Jun 2024