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Senior Management Accountant (R&D)

Employer
King's College Hospital NHS Foundation Trust
Location
London
Salary
£42,471 to £50,364 per annum including HCA
Closing date
21 May 2024

View more

Profession
Other Health Profession
Grade
Band 6
Contract Type
Permanent
Hours
Full Time
The Senior Management Accountant is responsible for the successful financial monitoring of all R& D activity including continual development and improvement of practices, understanding and interpreting varied and numerous funding streams and their related expenditure activities, the production of regular, timely and accurate financial information, forging and maintaining close links and excellent working relationships with numerous and varied stakeholders, both internal and external to the Trust.

This role will be the main point of contact for all R& D financial activity associated with multiple, but specific, Divisions within the Trust.

The Senior Management Accountant is expected to take an active interest in the development of their skills, experience and career.

The role requires good communication skills particularly in explaining finance to non-finance staff.

In providing specialist financial expertise and leadership to the business there is an almost constant requirement for the post holder to exercise intense concentration and sustained mental effort in order to analyse, understand, retain and convey information. There is a frequent need for the post holder to prioritise and re-prioritise workloads according to the demands of stakeholders and to meet financial deadlines.

Main duties of the job

Leadership
  • Be a role model in how to provide a customer focused, high quality service to managers, directors, clinicians and finance business partners
  • Work with colleagues in Contracting, Income, Costing and information/performance management to ensure the Trust has coherent integrated information, analysis and plans.
  • Develop and maintain an understanding of the Trust's accounting processes and procedures and financial systems.
  • Support the implementation of actions in response to recommendations from Internal Audit for the enhancement of internal controls and procedures in own areas of responsibility.
  • Develop a comprehensive knowledge of national accounting standards and a good understanding of financial and other NHS legislation, NHS finance policies and initiatives relating to the NHS financial regime.
  • Provide robust, accurate and timely core financial reports to meet internal and external month end/ year end deadlines.
  • Ensure strong relationships and regular communications with all Trust finance managers to ensure they are informed of any data quality issues relating to the financial position of the Trust, new national guidance and policy issues, and to provide them with clear guidance as appropriate.


About us

King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c�1 billion, 1.5 million patient contacts a year and more than 15,000 staff based across South East London. The Trust provides a full range of local and specialist services across its five sites. The trust-wide strategy of Strong Roots, Global Reach is our Vision to be BOLD Brilliant people, Outstanding care, Leaders in Research, Innovation and Education, Diversity, Equality and Inclusion at the heart of everything we do. By being person-centred, digitally-enabled, and focused on sustainability, we aim to take Team King's to another level.

We are at a pivotal point in our history and we require individuals who are ready to join a highly professional team and make a real, lasting difference to our patients and our people.

King's is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible.

Job description

Job responsibilities

Financial Reporting, Budget Setting and Forecasting
  • As the main point of contact for the R& D areas you support, produce and present monthly research financial management information, analysis and advice to Principle Investigators, research teams and other senior staff throughout the Trust. Including providing prompt and professional advice to relating to service developments, cost pressures & cost improvement programmes
  • Produce comprehensive, robust, accurate and timely monthly financial reports for each assigned research area/ directorate/department, covering:
    • Income and Expenditure
    • Variance Analysis
    • Forecasts
    • Integration of non-financial (manpower and activity) information
    • Narrative and audit trail reports
  • Accurately prepare any specific internal & external recharges, accruals and amendment journals for processing by the Financial Management Transaction Officers.
  • Assist with research financial matters including payroll, purchasing, recruitment controls, deferred income, pass through payments, debtors and creditors, and with KHP CTO regarding outstanding debts and cash management.
  • Account for patient travel expenses and any other patient expenses in respect of all Clinical Trials at KCH ensuring KCH is reimbursed promptly.
  • Maintain and contribute to the development of detailed standard operating procedure notes in relation to the month end duties you undertake.
  • Provide training and advice to budget holders and other finance colleagues regarding financial management issues arising out of budget management requirements specific to the awarding body, variance analysis and other ad hoc analysis.
  • Implement audit recommendations as required and ensure sound system of internal control is
  • Understand the Trusts standing financial instructions, procurement policies, audit recommendations and any other centrally issued guidance relating to financial control and bring possible breaches of these policies to the attention of the R & D Senior Finance
  • Provide assistance as necessary to line managers and divisional managers with respect to calculations that underpin the formulation of costings
  • Attend directorate meetings and provide an explanation of financial performance with or without the support of the Senior Business Support Analyst
  • .Working with Head of MA Analytics and the Financial Business Partners to ensure the delivery of accurate and timely reporting of financial information to appropriate levels of management.
  • Covers other Business Support Analyst roles when required.


Person Specification

Qualifications

Essential

  • PartqualifiedCCAB and CIMA with experience.
  • Evidence of CPD
  • First degree or equivalent professional experience
  • Experience of working in an NHS accounting department including experience in a management accounting role.
  • Experience of using General ledger and financial reporting software packages.


Desirable

  • Preparing business cases and cost improvement initiatives
  • Worked with Power BI


Employer details

Employer name

King's College Hospital NHS Foundation Trust

Address

Coldharbour Works Building

245a Coldharbour Lane

London

SW9 8RR

Any attachments will be accessible after you click to apply.

213-CORP- 6279501

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