About this role
Job summary
The post holder will be responsible for all processes on the recording and accounting for losses in line with accounting standards, Manual of Accounts and Control Procedures, and for the management of the Losses and Special Payments Register (LASPAR) system.
They will ensure accurate calculation of provisions for claims, costs, defence fees and Risk Pool reimbursement arising from legal advisors' quantums; all payments/receipts made against such provisions and the reconciliation of those provisions, payments and receipts to the General Ledger.
The post holder will assist in the completion of all losses notes within the Annual Accounts and subsidiary statements, and quarterly losses reports to the Audit Committee, and liaise with Audit losses issues.
The post holder will ensure all required Welsh Risk Pool Returns are submitted in the required format and within strict deadlines, and support the Claims team in ensuring all Redress payments are captured and submitted for reimbursement in from Welsh Government.
They will provide ad hoc support for the work of other members of the Financial Accounting Team as required, and deputise during the absence of the Financial Accountant on all aspects of that post pertaining to losses, appropriate to the banding.
Main duties of the job
Losses Accounting
Ensure that the losses accounting process complies with the requirement in the Manual of Accounts, and that all losses are recorded appropriately within LASPAR in accordance with this Manual.
Ensure that monthly quantums received from Legal Advisers for Medical Negligence and Personal Injury claims are analysed and provisions made within LASPAR in accordance with accounting standards, resulting in the calculation of the UHB's Financial Liability for Losses and Special Payments (including monthly submissions to the Welsh Risk Pool).
Ensure monthly reconciliations are maintained between LASPAR and the General Ledger, and that provisions/payments are entered on correct ledger codes. Reconciling items must be followed up and, where possible, cleared within the following month.
Losses Reporting
Assist in the production of all losses statements within the Annual Accounts and subsidiary returns, ensuring that they reconcile with the ledger and LASPAR.
Assist in the production of losses information for Audit Committee.
About us
Cwm Taf Morgannwg (CTM) University Health Board, part of NHS Wales, serves a large population across a diverse and beautiful region, steeped in history and heritage. With nearly 13,500 staff, our health board is one of Wales's largest employers.
Together, we are Team CTM; a workforce dedicated to offering excellent patient care and support to the 450,000 people across our three regions, Bridgend, Merthyr Tydfil, and Rhondda Cynon Taf. We operate three District General hospitals, several community hospitals, primary and community care facilities.
CTM's location offers the best of South Wales, just 20 minutes from Cardiff's vibrant city life, the natural beauty of the Brecon Beacons, and the serene coastline at Ogmore. Whether you enjoy lively urban amenities, peaceful countryside, or seaside escapes, our location makes an ideal setting for both work and personal life.
Our CTM 2030 Strategy--Our Health, Our Future--focuses on uniting our region around shared health and wellbeing goals. Our values guide us daily:
o We listen, learn, and improve
o We treat everyone with respect
o We work together as one team
CTM employees enjoy benefits including; a leading pension, generous leave, flexible work, career growth, and access to ongoing learning and development.
At CTM, you'll find a welcoming, team-oriented workplace that values diversity and compassion, where you can take pride in your work and the difference it makes.
Job description Job responsibilities
You will be able to find a full Job description and Person Specification attached within the supporting documents or please click Apply now to view in Trac.
Person Specification
Qualifications and knowledge Essential
Good knowledge of financial control and governance processes. AAT qualified or studying for CCAB qualification (or equivalent relevant experience). Excellent Microsoft Excel knowledge and use, and good knowledge/use of other Microsoft Office products (e.g. Word).
Desirable
Graduate. Good knowledge of financial and reporting systems. Knowledge of the NHS and its structure.
Experience Essential
Experience of working in a finance setting.
Desirable
Experience of NHS Financial Systems and Processes. Experience of working in a large complex organisation. Experience in the application of financial controls and communicating those to the wider organisation.
Personal Qualities Essential
Take a helpful and sharing approach to meet customer needs in order to develop their understanding and use of systems and controls. Demonstrate a high standard of conduct, integrity and probity. Good communicator. Demonstrate a resilient attitude to work pressures. Adopt a "can do" approach whilst maintaining system and personal integrity.
Circumstances Essential
Able to travel within the Health Board, and to be able to attend meetings outside the Health Board in a timely manner. Able to work hours flexibly, bearing in mind service needs. Must be able to work unsocial hours where necessary eg. during systems testing.
Aptitude and Abilities Skills Essential
Be able to demonstrate a customer focus to meet user needs. Good communication skills, both orally and in writing and be able to adapt communication style depending on the recipient Excellent IT skills to be able to design and format financial spreadsheets with accuracy.
Desirable
Good planning and organisation skills.
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 Cwm Taf Morgannwg University Health Board
Address Admin Block, Dewi Sant Hospital
Albert Road
Pontypridd
CF37 1LB
United Kingdom
Employer's website https://joinctm.wales/ (Opens in a new tab)