About this role
Job summary
Working as part of the Corporate team, the post holder will assist in completing the monthly management accounting processes. The post holder will provide financial support and advice to specified departments. This will include advising a range of budget holders, eg Department Heads.
It should be noted that whilst this position will have been advertised in a particular team the post holder forms part of a larger Financial Management team who may rotate between teams as required.
Main duties of the job
The Management Accountant will be part of a finance team who are responsible for financial advice, financial information and other financial input (eg business planning, service level agreements, costing and market testing) to a range of clinical and support services. In addition they will assist in specific Trust-wide projects where the work cannot be divided into separate teams due to the necessity for a single and consistent output and approach.
About us
The Royal Wolverhampton NHS Trust is one of the largest NHS trusts in the West Midlands providing primary, acute and community services and we are incredibly proud of the diversity of both our staff and the communities we serve. We are building a workforce that can help us to fulfil our values, improve the quality of care for patients, and solve the health care problems of tomorrow. We're passionate about the value that diversity of thinking and lived experience brings in enabling us to become a learning organisation and leader in delivering compassionate care for our patients.
Job description Job responsibilities
To undertake, delegate and supervise tasks as part of the monthly management accounting cycle, within specified criteria and deadlines.
To ensure procedure notes for junior staff are clearly documented and revised on a timely basis, and that correct accounting treatment is understood and applied.
To interrogate all financial ledgers and Payroll systems and use, design and format spreadsheets and databases in order to analyse, interpret and present information.
To take responsibility for preparing monthly budget reports, ensuring all jobs are complete and reports are as up to date and accurate as possible.
Preparation of variance analysis and investigation of variances on budget reports and taking corrective action where necessary. Presentation of detailed final variance analysis to Senior Management Accountant or Deputy Finance Manager.
To meet with budget holders on a monthly basis to explain and discuss the financial position. To appraise the Senior Management Accountant or Deputy Finance Manager of any concerns/issues regarding financial objectives being met so to ensure that action can be planned and implemented that will correct any adverse trends or meet specified cost reductions.
To contribute to the ongoing training and support to budget holders in understanding and making the best use of their budget reports.
To advise the budget holders on a wide range of financial issues, including identifying cost improvement targets, income generation, costing of rebased establishments and financial management. To ensure that all financial proposals have been accurately costed, and that the department is aware of the full implications of the proposals. To seek advice on issues from the Senior Management Accountant/ Deputy Finance Manager.
Prepare year end financial forecasts for Departmental budgets incorporating all known and potential financial issues. Discuss and agree resultant figures with budget holders and Senior Management Accountant/Deputy Finance Manager.
Contribute towards the annual Trust business planning and budget setting process. Ensure that all relevant issues are considered by budget holders (eg cost pressures, cost improvements plans, service developments), and that the financial implications have been fully costed and feedback to the Senior Management Accountant/ Deputy Finance Manager so they can be included in any business cases, service developments or business plan submission.
Investigating and responding to complex ad-hoc queries, both internally and externally, in an appropriate format and in a timely and accurate manner, involving more senior team members where appropriate.
Responsibility for specific projects within the team, or department wide, as directed by Senior Management Accountant/Deputy Finance Manager. Eg completion of budget reconciliations, involvement in Reference Costing, development of processes, systems and reports.
Provision of detailed pay and non pay costing information.
Deal with ad-hoc financial coding queries and amendments eg from Creditors, Procurement, budget holders and managers.
Responsibility for ensuring the team year end control account codes are fully reconciled, and have supporting information.
Supervise and support the Finance Apprentice/Assistant on a daily basis, and ensure deadlines are met. Provide on the job training as necessary. Provide cover during Senior Management Accountants absence.
Be aware of the Trusts policies and procedures, Standing Orders and Standing Financial Instructions (SOs and SFIs), and ensure that they are complied with. Report any non compliance to the Senior Management Accountant.
Person Specification
Qualifications Essential
5 GCSEs (or equivalent) at grades A-C, including English and Maths Fully qualified AAT (or equivalent), or working towards an accounting qualification (eg. CIMA, ACCA, CIPFA) or studying final year of AAT substantive NHS Management accounting experience
Experience/Skills Essential
Computer literacy, with competent use of Excel spreadsheets Ability to work to own initiative on a regular basis and prioritise workloads
Desirable
Previous experience of working in a finance role and using financial ledger packages Basic understanding of Trust financial regimes
Disclosure and Barring Service Check This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Certificate of Sponsorship Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
Employer details Employer name The Royal Wolverhampton NHS Trust
Address New Cross Hospital
Wolverhampton Road
Wolverhampton
WV10 0QP
United Kingdom
Employer's website https://www.royalwolverhampton.nhs.uk/ (Opens in a new tab)