Practice Finance Manager
| Posting date: | 10 June 2025 |
|---|---|
| Salary: | £38,682.00 to £46,560.00 per year |
| Additional salary information: | £38682.00 - £46560.00 a year |
| Hours: | Full time |
| Closing date: | 01 July 2025 |
| Location: | Honiton, EX14 2NY |
| Company: | NHS Jobs |
| Job type: | Permanent |
| Job reference: | A1758-25-0006 |
Summary
Primary Responsibilities The following are the core responsibilities of the Practice Finance Manager. There may be, on occasion, a requirement to carry out other tasks. This will be dependent upon factors such as workload and staffing levels: a. Manage practice finances, maximising income and reducing expenditure b. Accurately monitor cash flow, forecast and predict workflow corresponding to income c. Oversee the management and reconciliation of bank accounts; negotiate and liaise with the practice bankers d. Review all income and expenditure statements, identifying any inaccuracies and rectifying such issues e. Ensure invoices are paid within the given time frame f. Maintain an effective system for the handling of petty cash and cheques g. Submit year-end figures liaising with the organisations accountant h. Manage and oversee the organisations pension scheme, retaining accurate records i. Manage partners drawings j. In conjunction with the practice accountant, produce quarterly VAT returns and submit to HMRC for reimbursement k. In conjunction with the practice accountant, provide annual GP Estimate of Pay and submit via PCSE Portal before due date. l. Work with our Managed Payroll Service to manage and oversee PAYE for all organisation staff m. Present financial forecasts to partners as and when required n. Ensure the presentation of monthly financial reports is of a high standard o. Ensure that effective financial controls are in place and processes are adhered to p. Understand and brief the management team on the financial implications of contract and legislation changes affecting the organisation q. Maintain an effective working relationship with the ICB, ensuring the organisation receives a proportionate and equitable allocation of resources r. Maintain an effective working relationship with the other practices within the PCN s. Lead on the PCN financial payments to the practice and chase payments overdue t. Oversee agreements and or contracts for Rent and Rates reimbursements. Ensure systems are in place for claiming other allowances due, i.e. waste collections. u. Oversee the renewal of insurance policies and processing any claims