Guy's and St Thomas' is among the UK's busiest and most successful NHS foundation trusts. We provide a full range of hospital and community services for people in south London and as well as specialist care for patients from further afield including cancer, renal, orthopaedic, respiratory and cardiovascular services.
Guy's is home to the largest dental school in Europe and a £160 million Cancer Centre opened in 2016. As part of our commitment to provide care closer to home, in 2017 we also opened a cancer centre and a kidney treatment centre at Queen Mary's Hospital in Sidcup. St Thomas' has one of the largest critical care units in the UK and one of the busiest emergency departments in London. It is also home to Evelina London Children's Hospital.
Evelina London cares for local children in Lambeth and Southwark and provides specialist services across south east England including cardiac, renal and critical care services. We lead a number of specialist service networks aiming to ensure children are treated locally where possible, but have access to specialist expertise when they need it. Our community services include health visiting, school nursing and support for families of children with long-term conditions.
Our adult community services teams deliver care at the heart of the local communities we serve, working in partnership with GPs, local authorities and other healthcare and voluntary sector organisations. Working with our partners in Lambeth and Southwark, we are focusing on new ways of working to improve care for local patients.
In February 2021 the Royal Brompton and Harefield joined Guy's and St Thomas' NHS Foundation Trust, bringing together world-leading expertise in the care and research of heart and lung disease. Our merger provides a once in a generation opportunity to build a lasting, world-renowned heart and lung centre, providing the highest quality care for patients and conducting world-leading research.
We have a reputation for clinical excellence and high quality teaching and research. We are part of King's Health Partners, one of eight accredited UK academic health sciences centres. In partnership with King's College London we have dedicated clinical research facilities including an MHRA accredited Phase I clinical trials unit.
Patients are at the heart of everything we do and we pride ourselves on ensuring the best possible patient experience as well as safe, high quality care. We are proud to have one of the lowest mortality rates in the NHS. Following a comprehensive Care Quality Commission (CQC) inspection in 2019 we maintained our overall rating of 'good'. Our adult community services achieved a rating of 'outstanding'.
The commitment of our 23,500 staff is key to our success. We are one of the largest local employers and we aim to develop and support all our staff so they are able to deliver high quality, safe and efficient care. The 2019 NHS staff survey results show that we have one of the most engaged and motivated workforces in the NHS. We know this has a positive impact on the care provided to our patients.
We have one of the most ambitious capital investment programmes anywhere in the NHS.
Job overview
The successful candidate will be the Subject Matter Expert for all subsidiary and group consolidation accounting and taxation requirements. The successful candidate will be CCAB qualified, with experience of preparing UK GAAP / IFRS based accounts, that are compliant with Companies House requirements. They will have excellent communication skills and be able to clearly explain complex financial matters to non-finance stakeholders. The role requires strong negotiation skills and the ability to effectively challenge and influence senior stakeholders to maintain a sustainable financial performance. Strong analytical skills and a keen eye for detail are critical, along with excellent organisational and planning abilities.
Main duties of the job
1. To report the subsidiary financial position and forecast to the Director of Operational Finance on a monthly basis.
2. To manage the month end and year-end close down of the subsidiary financial ledgers in line with timetables and to ensure that the financial records of the Trust accurately record the financial position of the subsidiaries, and meet the needs of internal reporting.
3. To manage inter-company transactions.
4. To manage the preparation of the subsidiary statutory accounts and ensure that the accounts are prepared in accordance with accounting guidance.
5. To lead on taxation issues for group accounting including ensuring that group structures are tax efficient.
6. To be the finance lead on subsidiary and consolidation accounting.
Working for our organisation
Guy's and St Thomas' NHS Foundation Trust comprises five of the UK's best known hospitals - Guy's, St Thomas', Evelina London Children's Hospital, Royal Brompton and Harefield - as well as community services in Lambeth and Southwark, all with a long history of high quality care, clinical excellence, research and innovation.
We are among the UK's busiest, most successful foundation trusts. We provide specialist care for patients including heart and lung, cancer and renal services as well as a full range of local hospital and community services for people in Lambeth and Southwark.
We have a long tradition of clinical and scientific achievement and - as part of King's Health Partners - we are one of England's eight academic health sciences centres, bringing together world-class clinical services, teaching and research. We have one of the National Institute for Health Research's biomedical research centres, established with King's College London in 2007, as well as dedicated clinical research facilities.
We have around 22,700 staff, making us one of the largest NHS Trusts in the country and one of the biggest employers locally. We aim to reflect the diversity of the communities we serve and continue to develop new and existing partnerships with local people, patients, neighbouring NHS organisations, local authorities and charitable bodies and GPs.
Detailed job description and main responsibilities
1. To report to the Director of Operational Finance on a monthly basis the main issues arising from the subsidiaries balance sheet and cashflows for actuals and forecasts, including advising on the financial accounting opportunities and risks of new guidance and future plans.
2. To manage the month-end close down process of the subsidiaries accounts to ensure that the financial books of the groups reflect the true financial out turn.
3. To work with the Deputy Chief Accountant to develop and implement changes to the subsidiaries month end reporting policies and procedures to deliver accurate reporting for the Trust, including working with departments outside of finance where their procedures impact on the accounts.
4. To work in collaboration with the Financial Operations team managers to ensure that efficient processes are in operation to accurately record and identify all subsidiary transactions.
5. To work with the Senior Financial Accountant to ensure that the Trust monthly and year end reporting timetable supports the production of the subsidiary accounts.
6. To lead on and develop the subsidiaries forecast outturn balance sheet and cashflow positions and to ensure consistent assumptions with the income and expenditure forecasts.
7. To monitor and manage the subsidiaries cash flow planning and forecasting and day to day cash flow monitoring to ensure that the liquidity ratio is maximized. Work with department managers across Finance to maximize the subsidiaries cash position.
8. To lead on the year end accounting timetable for the subsidiaries coordinating the work of all teams in Finance and of other departments where their input is required to ensure that the statutory accounts for the subsidiaries are prepared and reviewed before they are submitted for audit in line with national timetables. Liaise with the external auditors to ensure that the statutory accounts for all subsidiaries are audited in line with the national deadlines.
9. To be the Subject Matter Expert for all subsidiary and group consolidation accounting in the finance ledger, including reviewing and testing continued functionality from quarterly software updates and a key role in the design of the ledger.
10. To provide financial leadership and present complex financial management information to senior Finance staff, the Director of Operational Finance and Chief Finance Officer.
11. To provide support and guidance on the structure of subsidiaries in order to maximize the Trust's financial position.
12. To attend subsidiary Board meetings as deemed appropriate - offering advice and input as required. Communicating and identifying key accounting issues arising from Board meetings and feeding back to appropriate channels.
13. To lead on the preparation and filing of corporation tax returns for the subsidiaries, liaising with external tax advisors and subsidiary contacts as appropriate.
14. To prepare and submit the subsidiaries VAT returns as appropriate for the subsidiary.
15. To lead on the provision of taxation advice for the subsidiaries including advising on the most efficient tax structures for the Trust.
16. To prepare bank reconciliations for all the subsidiary bank accounts, following up on reconciling items. Maintain bank mandates and banking access/control as appropriate for the subsidiaries.
17. To lead on the provision of accounting advice for proposed changes to the Group structure.
18. Responsible for delivering against relevant sections of SLAs with subsidiary organisations.
19. Responsible for the delivery of specialist financial training to non-finance staff across the Trust, which are consistent with the nature of the post.
20. Ensure that the team provides a high quality service to its customers, carrying out customer satisfaction surveys and implementing changes as a result.
Any other duties as may be required from time to time.
Person specification
Qualifications / Education
Essential criteria
* Professional Accountancy Qualification, CCAB qualified or equivalent
* Evidence of up-to-date Continuing Professional Development
* Further specialist training such as a Masters' in Business Administration or equivalent experience
Experience
Essential criteria
* Expert knowledge of group consolidation accounting procedures, financial and other aspects of legislation and NHS finance policies.
* Extensive experience of preparing accounts (UK GAAP, IFRS and relevant companies house requirements)
* Significant experience in preparing, reviewing and submitting corporation tax returns
* Experience in influencing and advising Directors and senior staff of accounting and tax implications.
* A demonstrable experience with computer based financial systems in a complex environment including defining reports and an understanding of the system hierarchy
Desirable criteria
* Practical experience of Oracle ERP Cloud
Skills
Essential criteria
* Sound technical accounting knowledge and be able to interpret how accounting standards should be applied within the subsidiary accounts
* Ability to advise on the Trust strategy for all group accounting issues
* Able to interpret how tax legislation applies in different circumstances, seeking advice from the external tax advisors in more complex cases
* Able to present complex financial or tax information (both verbally and written) to non-finance staff including directors
* Negotiating and agreeing deadlines and standards and quality of work with other departments.
Guy's and St Thomas' celebrates, respects and values the diversity of its staff and patients. We review our policies, procedures and practices to ensure that all employees, patients and carers are treated equitable according to their needs. We are actively committed to ensuring that no one who applies for a job, works or study's at the Trust, or accesses our services is discriminated against on the grounds of race, ethnicity, nationality, disability, religion or belief, age, gender identity, gender reassignment, sexual orientation, pregnancy and maternity/paternity, or marital/civil partnership.
Applications are welcomed from applicants with a disability. We can make reasonable adjustments and offer support and advice in a variety of ways throughout the application process. Equality of opportunity is our policy.
As an organisation we are committed to developing our services in ways that best suit the needs of our patients. This means that some staff groups will increasingly be asked to work a more flexible shift pattern so that we can offer services in the evenings or at weekends.
Flexible working
We are committed to supporting all employees to achieve a healthy work life balance and to work in a way that is best for them and our patients. We will consider all requests to work flexibly, taking in to account the individual's personal circumstances as well the needs of the service. We encourage all prospective applicants to discuss their individual circumstances with the recruiting manager as part of the on-boarding process.
Your e-mail address is important to us - We communicate to all job applicants via the e-mail address which has been provided on the application form. Please ensure that you check your e-mail on a regular basis.
Please apply for this post by clicking "Apply Online Now."
Employer certification / accreditation badges
Applicant requirements
You must have appropriate UK professional registration.
Documents to download
* Job Description and person Spec (PDF, 432.4KB)
* Functional Requirements (PDF, 376.6KB)
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