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Senior Management Accountant - Richmond | Kingston Hospital NHS Foundation Trust
| Posting date: | 12 August 2024 |
|---|---|
| Salary: | Not specified |
| Additional salary information: | £42,939 - £50,697 per annum inclusive of HCAS Outer |
| Hours: | Full time |
| Closing date: | 11 September 2024 |
| Location: | Teddington, TW11 8HU |
| Company: | Kingston Hospital Foundation Trust |
| Job type: | Contract |
| Job reference: | 6516836/396-NN-6516836-AC-Z |
Summary
This is an exciting opportunity for an experienced management accountant looking to enhance their career and take greater responsibility for their area of work.
Fully participating in the transformation agenda for both Kingston Hospital NHS Trust (KHFT) and Hounslow Richmond Community Healthcare (HRCH), the post holder will provide high quality oversight and reporting of a portfolio of high priority, strategic, transformation projects to Transformation and Strategic Programmes teams, Project Leads and the wider Trust, with the ultimate aim of supporting those teams to deliver value for money and high quality patient care.
As a Senior Management Accountant, the post holder will be responsible for phasing budgets and providing financial monitoring and forecasts that accurately reflect the performance of the Transformation Programme and be supported by their line manager to develop the financial case for transformational projects and gain experience influencing and strengthening financial control within the NHS.
As a team we are committed to improving the way we do things to add focus back to the projects we support. This is a new position with the opportunity for the postholder to help shape and develop the role over time in conjunction with their team.
The post holder is expected to ensure a customer focused service is delivered to projects, maintaining a good level of communication with the Finance Business Partner for the division and other finance colleagues.
This includes preparation of regular reporting and presentations to budget holder meetings, supporting internal reporting to the board and Directors within monthly and project deadlines.
Proactively seek to support development and improvement of the standard month end processes of the financial management team and wider teams.
The Finance Department is professional and forward-looking. We aim to provide financial expertise as an equal partner in the management process of the Trust, which seeks to provide the best possible patient care. To achieve all financial duties and maintain good governance arrangements in order to safeguard Trust assets. To adopt best practice with Finance Staff Development so as to be the employer of first choice.
Better Together is a collaboration between Hounslow and Richmond Community Healthcare NHS Trust and Kingston Hospital NHS Foundation Trust, details of which can be found here:
Better Together (hounslowkingstonandrichmondhealthcare.com)
Performance Management and Delivery
1. To generate and produce monthly divisional management accounts and financial reports in accordance with the Trust’s agreed timetables and departmental policies and procedures.
2. To investigate variances from plan by interrogating the Trust’s financial systems, to summarise and report on these in monthly reports to prepare for Finance Business Partners. To ensure that effective monitoring processes are maintained to minimise variances. To support the Budget Holders by analysing trends and identifying potential and actual variances through enhanced reporting techniques.
3. Responsible for preparation of backing and input to the finance system of journals, (standard & reversing, financial and workforce stats), budget virements and invoicing (recharges to and from NHS and non NHS organisations) to ensure the completeness and accuracy of the clusters, departments, services and divisions’ financial statements.
4. Respond to budget holder queries directly and on behalf of senior members of the team relating to investigating transactions, validate payroll and gaining information for invoices to be raised when required. Give appropriate and timely Responses through email, phone or in meetings.
5. To prepare and maintain the staff’s registers from the payroll data and information and verify these to planned establishment and pay costs, liasing with People analytics team to ensure triangulation of data.
6. To assist the Finance Business Partners with detailed costings for proposed Divisional developments, restructure, bids or business cases.
7. To assist the Finance Business Partners with production of monthly reports for designated cluster (services or departments) to show key financial performance indicators with appropriate narrative to an agreed standard format.
8. To ensure that a customer focused service of the highest possible standard is delivered to the Trust including resolving queries from Budget Holders and Managers, in a timely manner with minimum supervision.
9. Support communication between budget holders and other departments within finance and with procurement by encouraging budget holders and managers to follow processes and procedures in place.
10. Investigate answers to queries outside of immediate finance area, obtaining and using data sources from across finance and other corporate functions to support variance analysis and answers to queries or challenges to budget holders being made by senior members of the team.
11. Complete budget setting tasks as directed by Finance Business Partners or Divisional Head of Finance
12. To contribute and pro-actively put forward suggestions for improvement and development of the financial ledgers, feeder and information systems used for monthly reporting.
Planning and Service Development
13. Communicate with third parties regarding validation of invoices raised to and received from them to ensure prompt processing by both parties.
14. Ensure that you understand and are able to explain to other the Trust’s Standing Orders, Standing Financial Instructions and procurement rules.
Developing Capability and Capacity
15. To plan workload to ensure weekly, monthly, quarterly and annual financial timetables are met.
16. Recommend improvements and changes to working practices and processes within the Finance Department.
17. Continuously improves and develop the finance team customer focused service to the divisions, ensuring that at all times the team is striving to achieve the highest levels of performance for customer service.
18. Provider supervision and support for management accountants in your team.
19. Ensure that financial/non-financial information produced meets the individual and changing needs of its recipients.
20. To work with income and contracting team to align income and activity data with your own systems.
General
21. Undertake any other duties commensurate with the role as directed by the Finance Business Partners, Divisional Head of Finance or Associate Director of Financial Management. This will encompass cover for other management accountants, routine trust wide tasks and ad hoc projects.
Financial
22. Access to confidential financial systems and processes throughout the Trust.
Education and Training/Self-Development
23. Prepared to work towards a professional accountancy qualification.
24. Identify own training and development needs and undertake appropriate training/education as required.
25. Participate in an annual individual performance review process where objectives will be agreed, performance monitored and personal development needs discussed.
26. To attend/complete online where applicable all statutory and mandatory training as and when required to do so.
27. Act responsibly in respect of colleague's health, safety and welfare following safe work practices and complying with the Trust's Health and Safety Policies.
28. Will consider the most effective way to promote equality of opportunity and good working relationships in employment and service delivery and can take actions which support and promote this agenda.
29. Adhere to all Trust Policies as applicable.
This job description is not intended to limit the scope and extent of the job to be undertaken and will be subject to review and alteration as necessary, following discussion with the post holder.
This advert closes on Monday 26 Aug 2024