Skip to main content

This job has expired

Financial Accountant

Employer
Milton Keynes University Hospital NHS Foundation Trust
Location
Milton Keynes
Salary
£43,742 to £50,056 Per annum
Closing date
5 Jun 2024

View more

Profession
Other Health Profession
Grade
Band 7
Contract Type
Permanent
Hours
Full Time
Financial Accountant

Department: Financial Services Team

Band 7 �43,742-�50,056 per annum, pro-rata if part-time

Hours: 37.5 per week, all MKUH roles will be considered for flexible working

An exciting opportunity has arisen for a Financial Accountant role within the Financial Services Team at Milton Keynes University Hospital NHS FT. This is an excellent opportunity for an enthusiastic, highly motivated individual, who is an excellent team player, to support the Financial Services function.

The suitable candidate will be a professionally qualified accountant or actively studying towards a CCAB qualification and have experience of working in Financial Services. Previous experience of working in a public sector organisation and experience of the NHS is highly desirable.

The position reports to the Deputy Financial Controller, and the role covers the production of accurate and timely financial reports and information throughout the year, which enable the requirements of the monthly, quarterly and annual financial cycles to be met.

Interview date: 17th June 2024

Main duties of the job

The compilation and completion of relevant forecasts, and the maintenance, monitoring and development of the forecasts throughout the year liaising with colleagues over reporting. This will ultimately culminate in the production of the Trusts annual accounts, the Trust subsidiary (ADMK Ltd) accounts and the Trust charity accounts.

Organisation and planning of a number of complex activities work within the Financial Accounting function including the setting of priorities and targets.

The post holder will be required to assist in the completion of the Trusts statutory accounts, monthly PFR returns, long term cash flow forecast & AOB exercise, and in the completion of the Trust subsidiary and charity accounts.

Lead on the development and production of robust working papers for the Trust in year and Annual Accounts and for the Trust Subsidiary and Charity Accounts under the relevant accounting standards.

Responsible for the management of the Trust's provisions in accordance with IAS 37 this includes the annual valuation of the Trust's Pension and Injury Benefit provisions using GAD tables and the application of the prevailing discount rate.

In addition, the post holder will oversee the completion and review of the Trust and subsidiary VAT return, undertake effective monitoring of the Balance Sheet and support the process for ensuring the Trust, subsidiary and charity follows appropriate Standing Financial Instructions.

About us

You can expect a warm welcome at Milton Keynes University Hospital, our staff are friendly and welcoming. We listen to each other and work together to embed our Trusts values and behaviours. At MKUH we appreciate our staff and reward them with an outstanding benefits package including:
  • Free on-site parking
  • Free tea and coffee
  • Great flexible workingopportunities
  • Discounted gym membership
  • Lease car scheme
  • Generous annual leave and pension scheme
  • On site nursery (chargeable)
  • Extensive staff health and well-being programme

Milton Keynes University Hospital NHS Foundation Trust, in partnership with the University of Buckingham, is a University Teaching Hospital we conduct research and teaching on site to improve the care of our patients. The hospital is undergoing significant investment, and we are proud to be rated good by the CQC. Visit our website to catch up on our latest news.

Job description

Job responsibilities

The Financial Services Team includes capital, charity, subsidiary, accounts payable/receivable, treasury, governance and statutory returns.

The post holder will be a highly driven, enthusiastic and energetic individual with management experience and an excellent knowledge of International Financial Reporting Standards and accounting processes and procedures, excellent Excel skills and the ability to interpret, apply & provide practical guidance on relevant accounting standards.

Financial Accounting
  • Lead on the planning and production of the working papers and TAC schedules for the trusts statutory in year and annual accounts, in line with International Financial Reporting Standards and applying NHS guidelines as set out by NHSI
  • Lead on populating the monthly NHSI PFR returns in line with submission deadlines

Charity Accounts

Responsible for the planning, production and submission of the Charity statutory year end accounts in line with Charity Commission regulations and deadlines and ensure they comply with relevant accounting policies.
  • Responsible for producing and providing information for the Trust annual plan relating to charitable fund activities, including any revisions required throughout the year.

Subsidiary ADMK Ltd
  • Successful planning, production and submission of the Subsidiary statutory year end accounts and ensure they comply with FRS 102 accounting standards.
  • Responsible for calculating and submitting the subsidiary corporation tax returns, ensuring that relevant submission software is available and up to date, sourcing and procuring updates to this where required.

Staff Management
  • To devise and implement training programmes to support staff development for finance staff this training will cover all aspects of Financial Accounting activities in respect of financial systems and policies. The post holder will also be expected to allocate departmental workload, regularly review performance against defined objectives assist as a panel member in staff recruitment and undertake appraisals
  • To train staff in finance related departmental policies and procedures and to participate in Trust wide training and communication initiatives

Communication
  • Regularly receive and provide highly complex information to senior managers and staff of the Trust
  • Prolonged concentration is required when checking and reconciling information, setting up spreadsheets, undertaking calculations and answering queries.

This is a hybrid role, requiring 2 days per week on site in Milton Keynes. There may be more time required on site initially for training purposes.

Please refer to Job Description for further details

MKUH is committed to equal opportunities and improving the working lives of our staff and as such we offer a range of flexible working practices. We promote an inclusive workforce and encourage applications from applicants from all backgrounds.

We reserve the right to expire vacancies prior to the advertised closing date once a sufficient number of applications have been received.

MKUH uses identification scanning technology to confirm the authenticity of documents all prospective employees of MKUH will have their original documents verified using this technology.

By applying for this role, you accept if successful, that information from your application will be transferred into the national NHS Electronic Staff Record (ESR) system. Your personal data may be transferred from the Trust to another NHS organisation where your employment transfers within the NHS. This is in accordance with the streamlining programme which aims at saving you time and improving efficiencies within the NHS when your employment transfers.

Upon commencing employment with the Trust, all employees (except Medical & Dental Staff on national terms and conditions) are subject to a probationary period lasting a period of six months with an option to extend for a further six months to a total of 12 months.

Person Specification

Qualifications and knowledge

Essential

  • Educated to degree level in a relevant subject (e.g. accountancy or financial discipline) or equivalent knowledge and experience.
  • Professional CCAB Accountant qualification finalist/part qualified
  • Up-to-date knowledge and experience of financial reporting Standards.


Experience

Essential

  • Experience of producing annual accounts in accordance with International Financial Reporting Standards [IFRS] and statutory requirements.
  • Able to ensure target dates are adhered to through organisation of own workload.
  • Demonstrate excellent communication skills, and be able to communicate both verbally and in writing complex, technical, sensitive or contentious financial information, to Finance Managers and Committees.
  • In depth knowledge of financial and accounting procedures.
  • Significant experience of capital accounting using a capital asset system including provision of working papers for statutory accounts.
  • Through significant experience, demonstrate excellent Financial Analysis and Interpretation skills including an ability interpret complex data and provide summarized information to a range of users.
  • Expert analytical and reasoning skills supported by attention to detail and the ability manage and manipulate vast quantities of data
  • Demonstrable experience of liaising with Internal and External Auditors.
  • Experience of managing, motivating and developing staff


Desirable

  • Some relevant experience of working in an NHS organization.
  • Production of NHS accounts.
  • Advanced IT literacy with experience of using Oracle accounting system including Business Intelligence reporting.
  • Experience of NHS VAT rules


Skills

Essential

  • Proven ability to prioritise and delegate in a demanding environment and to tight deadlines
  • Strong analytical, financial reporting, and presentation skills with the ability to present complex issues clearly and concisely
  • The desire to accept ownership and accountability, whilst getting things done well and meeting challenging goals
  • The ability to think ahead and decide on courses of action, ensuring that the resources required to implement the action will be available, and scheduling work required to achieve an end result
  • Skills for managing people ensuring they perform to a high standard and meet team objectives and deadlines.
  • Ability to demonstrate initiative and analyse areas of work to identify those which would benefit from continuous improvement.
  • Able to interpret guidelines and implement appropriate changes to working practices.
  • Strong IT skills particularly spreadsheets
  • Prepared to challenge and be challenged.
  • Ability to work flexibly to meet the needs of the service depending on monthly, quarterly and annual cycles.


Personal and people development

Essential

  • The ability to originate, introduce and be open to, new practices, concepts, ideas and change and to continuously improve.
  • Be able to manage time effectively, prioritise and deliver to agreed deadlines
  • Be prepared to constructively question and challenge the performance of team members, and other stakeholders
  • Frequent requirement for concentration when inputting data, checking and reconciling information, making calculations and when answering queries from staff, audit and managers
  • Often required to switch tasks at short notice.
  • Frequent requirement for prolonged concentration when analysing complex data and preparing reports
  • Leads by example and instils a team approach to workload.


Communication

Essential

  • Excellent interpersonal skills
  • The ability to work co-operatively and flexibly with others, both within and outside the organisation, demonstrating an understanding of effective team working and partnerships
  • Good communication skills, written and verbal, with ability to demonstrate fluency, clarity and effectiveness at all levels.
  • Ability to represent Finance at internal meetings
  • Ability to explain complex financial terminology to both finance and non-finance colleagues


Specific requirements

Essential

  • Able to perform the duties of the post with reasonable aids and adaptations
  • Proactive, flexible, enthusiastic, confident and highly motivated individual who demonstrates a commitment to Trust objectives and the NHS as a whole


Employer details

Employer name

Milton Keynes University Hospital NHS Foundation Trust

Address

Finance - Financial Services (Dept)

Milton Keynes

MK6 5LD

Any attachments will be accessible after you click to apply.

430-CORP1403A

Get job alerts

Create a job alert and receive personalised job recommendations straight to your inbox.

Create alert