Bank Financial Controller (Admin Clerical Band 8C)
Our trust has over 17,000 staff serving 2 million patients every year. It comprises Barnet Hospital, Chase Farm Hospital, the Royal Free Hospital, North Middlesex University Hospital and more than 30 services in the community. This larger scale organisation provides an unprecedented opportunity for us to continue our pioneering work, particularly in finding ways to deliver even better care to our patients.
Our mission is to deliver world class care and expertise in our clinical services, underpinned by world class teaching and research and we will continue to measure our progress against our five governing objectives: excellent outcomes, excellent patient and staff experience, excellent value for taxpayers' money, being safe and meeting our external duties, and building a strong organisation.
Everyone is welcome at Royal Free London NHS Foundation Trust. We're proud of our diversity and we continue to undertake new initiatives to advance equality for LGBT+, BME, gender equality, staff carers and people with disabilities and lived experiences to promote good relations and understanding between our staff.
Job overview
At Royal Free NHS Foundation Trust, we are looking to recruit for the position of a Financial Controller to join our staff BANK.
VISA SPONSORSHIP DOES NOT APPLY TO THIS ROLE
We have a fantastic variety of work underway at our hospitals which will both stretch you professionally and ensure you have a rewarding workplace experience. You will be expected to quickly develop an understanding of the business of healthcare provision, to support and lead on quality decision making through provision of excellent analytical support.
Be part of a diverse, energetic and capable hospital group finance team, which is focused on supporting financial recovery and developing best in class finance reporting and business analytics. This opportunity is likely to suit a fully qualified accountant.
Main duties of the job
1. In conjunction with the Head of Finance, lead the preparation of the Trust's Subsidiary Annual Accounts in accordance with IFRS, Department of Health & Social Care's (DHSC) Annual Group Accounting Manual and relevant accounting standards including FRS102.
2. Interpret guidance from NHS England & Improvement, DHSC and general accounting standards in order to update Finance and Processing staff on changes which may affect their year-end close down and in order to complete the statutory annual accounts in accordance with guidance issued by the DHSC and NHS England & Improvement.
3. Prepare the subsidiary Annual Accounts timetable and co-ordinate the financial year end closure process with all finance sections and other departments to ensure DHSC and companies house submission deadlines are met.
4. To be responsible and the key liaison for the external audit and provide documentation and high quality audit working papers to External Auditors to support the information contained in the Annual Accounts and notes drafted in accordance with DHSC Group Accounting Manual, NHS England & Improvement guidance and relevant accounting standards.
5. Provide advanced specialist theoretical and practical knowledge of accepted accounting practices and NHS Finance and produce complex financial information to a high standard within the required timescales.
Working for our organisation
You will be expected to quickly develop an understanding of the business of healthcare provision, to support and lead on quality decision making through provision of excellent analytical support. You will be an integral member of the Trust's finance team and be expected to contribute to the development, agreement and implementation of priorities.
We are an equal opportunities employer and welcome all applications irrespective of age, disability, gender, sexual orientation, race or religion.
Detailed job description and main responsibilities
MAIN DUTIES AND RESPONSIBILITIES :-
1. Royal Free World Class Values
The post holder will offer Royal Free World Class Value based Care to service users, staff, colleagues, clients and patients alike.
1. RESPONSIBILITY FOR POLICY AND SERVICE DEVELOPMENT
o The post holder will have the discretion to use their initiative and act independently, to interpret overall Health Service policy and standards for use by others within the Finance Department and the Trust as a whole.
o The post holder is responsible for the development of financial reporting based on the data contained within the general ledger. This will take into account the requirements of NHS policy issued by DHSC and NHS England & Improvement.
o The post holder will be responsible for ensuring that the monthly finance report contains all the information required to brief the Board/other committees on the financial position of the Trust. They will need to continuously review and improve the content of the report.
2. RESPONSIBILITY FOR FINANCIAL AND PHYSICAL RESOURCES
o The post holder will be responsible for the coordination, review, integrity and timeliness of the monthly financial reporting process.
o The post holder will be responsible for financial accounts input into the financial accounting process working closely with the income and management accounts teams.
3. RESPONSIBILITY FOR LEADING AND MANAGING
o The post holder will co-ordinate recruitment, training and development of the financial accounts and capital teams.
o The post holder will represent the finance department at key meetings including capital meetings, meetings with VAT advisors and deputise for the Head of Financial Services as required.
o The post holder will be directly responsible for directly managing their team including the Deputy Financial Accountant, Assistant Financial Accountant, GP Lead Accountant and the Strategic Capital Accountant. They will provide professional leadership, coaching, and technical / personal development to this individual. In addition, they will work with their direct reports to plan their workload to ensure that, as a team, they meet the operational and strategic needs of the Trust.
VISA SPONSORSHIP DOES NOT APPLY TO THIS ROLE
Person specification
Experience & knowledge
Essential criteria
* Advanced Specialist knowledge of Accounting Standards (IFRS), Monitor Compliance Framework, VAT and Tax legislation.
* Significant involvement with year-end accounts preparation.
* Experience of co-ordinating monthly financial reporting.
Desirable criteria
* Experience of managing and developing financial accounts teams.
* Experience of financial system development.
Education & Qualifications
Essential criteria
* Professional qualification (CCAB) in accountancy (CIMA, ACA, CIPFA, ACCA).
* Evidence of having kept technically up to date since qualification.
Desirable criteria
* Degree - Masters level or equivalent.
* 3 A levels.
* First time passes.
* Attendance at an Accounting for Foundation Trusts course.
Skills and Abilities
Essential criteria
* Highly developed verbal and written communication skills.
* Ability to present and explain complex financial information in a manner that can easily be understood by non-finance managers.
* Ability to analyse areas of work to identify areas which would benefit from continuous improvement.
* Confident in taking decisions when needed yet knowing when to ask advice / guidance or to gain approval before embarking on a specific course of action.
* Record of managing numerous work streams / projects simultaneously and delivering to tight deadlines.
* Record of improving processes and reporting in previous organisations.
Desirable criteria
* Strong influencing skills.
Royal Free World Class Values
Essential criteria
* Demonstrable ability to meet the Trust Values.
Personal Qualities
Essential criteria
* Able to communicate clearly and concisely both verbally and in writing.
* Flexible team player, willing to 'roll up sleeves' where necessary.
* Able to inspire and motivate others.
* Positive 'can do' attitude.
* Embraces change.
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