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Corporate Income Analyst | Guy's and St Thomas' NHS Foundation Trust
| Posting date: | 09 August 2024 |
|---|---|
| Salary: | Not specified |
| Additional salary information: | £44,806 - £53,134 p.a inc HCA |
| Hours: | Full time |
| Closing date: | 08 September 2024 |
| Location: | London, SE1 4YB |
| Company: | Guys and St Thomas NHS Foundation Trust |
| Job type: | Permanent |
| Job reference: | 6445432/196-COF10349-S |
Summary
An opportunity has arisen to work as a Corporate Income Analyst in the Income & Planning team within Finance.
We are looking for a person with strong accounting and Excel skills to help support the Senior Finance Manager in Income in month-end reporting of income by commissioner, reconciliations, analysis, and interpretation of income and activity. The person will be helping to ensure that the correct income is coming into the Trust. This role allows the successful candidate to understand the complex nature of income within the NHS and provide exposure to interactions with commissioners. You will be working with large volumes of data and will gain a better understanding of clinical activity and income within the Trust.
We are looking for a driven individual who is self-motivated, pro-active and with excellent planning and organisational skills.
Job summary
To obtain, analyse and interpret the core information required to monitor Performance against target for the Trust’s corporate income budget.
To manage the ledger transactions to ensure all income categories are accurately presented within Trust financial reports.
To undertake the detailed work on budgeting, pricing, financial control and monitoring of all central income.
Plan workload effectively to ensure all weekly, monthly, quarterly and annual deadlines are met within specified timetables.
Investigate cash variances by Commissioner, liaising with Accounts Receivable as necessary.
Raise journals in accordance with calculations.
Interrogate financial information systems to analyse output.
Assist in the production of ad hoc reports for Commissioning Managers from bespoke databases e.g. Trust to Trust.
To ensure all sources of income on the contract schedule are billed accurately, to the correct organisation.
Ensure that all adhoc income advised is received and documentation maintained.
Ensure that all new income streams are accurately reported.
The post holder is expected to take an active interest in the development of his/her skills, experience and career.
You will be working in a small and supportive team who is responsible for Trust wide accounting for NHS Income from commissioners. You will be a part of a vibrant finance team.
Duties and responsibilities
· Communication
• Discuss & respond to queries from Commissioners, Providers and staff. Queries may be complex and contentious and involve an internal & external audience.
• Contribute positively to the Finance Department, maintain a high standard of professionalism, and support the department in achieving its financial and operational objectives in line with the business plan.
• Produce financial analyses for senior Trust managers.
• Produce monthly activity & Income reports to enable Invoicing for Commissioners, NHS Overseas Visitors and Non-England Organisations.
· Patient/customer care (both direct and indirect)
• Incidental contact only with patients and relatives
· Policy & Service development
• To contribute to the continuous development of good practice within the department. Continually reviews current procedures, redesigning processes to improve service delivery
• Interpret national guidance associated with data collection exercises and devise effective and efficient systems to deliver the required outcomes.
• To ensure robust, accurate and complete identification of activity and income in all categories
· Analytical & Judgemental skills
• To resolve queries independently where appropriate or propose options to Manager to attain resolution.
• To undertake analyses of financial data when required, in order to enable Commissioners & External colleagues to understand and interpret Trust reports to facilitate prompt payment.
• To support theSenior Finance Manager of Income, in the production of monthly invoices/credit notes for performance as well as monthly invoicing for all Cost per Case Commissioners and NHS Overseas, using the SLA Monitoring system (SLAM).
• To support theSenior Finance Manager of Income, in the production of weekly activity & income reports for use by Trust Finance Managers.
• Participate in producing month end corporate income position in accordance with the monthly timetable.
• Produce Work In Progress monitoring statements for Commissioners
• Complete and present control account reconciliation’s (including provisions) to theSenior Finance Manager of Income, ensuring that the central record is maintained. Analyse the requirement for and identify the potential release of specific provisions to contribute to the Trust’s financial Income and Expenditure position.
• To audit and reconcile activity data on a monthly basis to ensure that all activity is being accurately attributed to the correct income source, i.e. Cost per Case (CPC) or SLA etc. Report issues and risks to theSenior Finance Manager of Income and advise the Commissioning team when they are required to make adjustments, to records or processes.
· People management
• Liaison with staff in other sections to ensure targets are met.
• Implement any revised procedures and provide training and support to staff in other sections as required.
· Information management
• Use advanced spreadsheet functions (such as pivot tables, sumif and vlookup) to create and design spreadsheets to support the analysis of various income streams.
• Develop reports for routine or ad hoc purposes as directed using systems available
• Manipulate and format information and distribute externally and internally.
• Create and format databases and spreadsheets for use by Trust Managers where necessary to meet specific objectives.
• Identify areas where adaptations may be required to current systems to enable the Trust to record and charge for all elements of activity.
• Produce Ad hoc reports analysing all income and activity variances as required.
· Other duties
• To undertake any other duties commensurate with the grade as requested.
This advert closes on Sunday 18 Aug 2024