Head of Financial Accounts
- Employer
- Sheffield Health & Social Care NHS Foundation Trust
- Location
- Sheffield
- Salary
- £53,755 to £60,504 a year N/A
- Closing date
- 22 Oct 2024
View more categoriesView less categories
- Profession
- Other Health Profession
- Grade
- Band 8A
- Contract Type
- Permanent
- Hours
- Full Time
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An exciting opportunity has become available to join the Finance senior management team as a Head of Financial Accounts, at Sheffield Health & Social Care NHS FT. We are looking for a forward thinking, highly motivated qualified accountant to lead our Financial Accounts function, which includes responsibility for annual accounts production, accounts receivable, accounts payable, maintenance of the Trust's ledgers, capital/investment appraisal, cash control, banking arrangements and investments.
We are looking for someone who shares the Trusts values and works well with a wide range of people to enable services to deliver high quality care for our service users. Working closely with the Deputy Director of Finance, Head of Contracts and Tender Management, Head of Procurement and Head of Management Accounts we want the Finance department to continue to be a great place to work to enable us to effectively support the rest of the organisation.
With the increased expectations on NHS finance teams you must be able to demonstrate highly developed knowledge, experience and expertise in a complex organisation with the ability to lead a team with numerous competing priorities.
Main duties of the job
The Head of Financial Accounts is directly responsible for the Trust's Financial Accounting function. The function has the following main responsibilities:
o Ensuring the preparation, maintenance and probity of the Trust's financial accounting controls, procedures and systems.
o Final Accounts production.
o Management of the section with accounts receivable accounts payable maintenance of the Trust's ledgers cash control banking arrangements and investments VAT.
o Capital/Investment appraisal and maintenance of the Trust's Register of Property, Plant & Equipment and associated accounting entries.
o Provision of detailed forecasts for the financial planning and monthly monitoring process in relation to SOFP, Cash flow and capital expenditure.
Full details are included within the job description and person specification.
About us
We are passionate about providing the very best care to the people we support, and we're looking for amazing people who share this passion to join us.
What is it that makes our Trust such a special place to work? Well, it's all about the people. Our staff, service users, carers and families all come from such diverse backgrounds and all have expertise and stories to share.
It's important that you feel supported in your role, that the people who you work with are as passionate as you are and that your health and wellbeing is taken care of
If you're interested in developing your career, you'll have access to a range of training and education opportunities, including apprenticeships, work experience and placements, as well as the chance to get involved in research.
We are all very proud of the difference we make to people's lives each and every day and if that's something that you'd like to be part of we'd love to have you with us.
Job description
Job responsibilities
Working to the Deputy Director of Finance the main responsibilities of the role are:-
Financial Accounting
Responsible for preparation of the Trusts Annual Accounts, Annual Financial Returns and Statements within the required timescales determined by NHS Improvement and in accordance with all relevant guidance, policy and professional accounting standards, whilst working autonomously to interpret and analyse such policies.
Responsible for compiling the technical financial pages of the Trusts Annual Report ensuring compliance with accounting standards and the requirements of NHS Improvements Annual Reporting Manual.
Liaison with external auditors in demonstrating the accuracy of the Trusts Annual Accounts and Returns, including the preparation of detailed working papers to satisfy external audit requirements.
Ensure systems and procedures are in place to reconcile the financial control accounts on a regular basis in order to maintain effective financial control and accuracy of financial information.
Co-ordinate the production of VAT returns as required and provide the Trusts specialist advice on VAT related issues.
Maintain and develop internal financial controls, systems and procedures, including the evaluation and implementation of recommendations contained in internal and external audit reports.
Ensure the proper management of the Trusts register of property, plant and equipment and ensure that supporting accounting entries are reflected in the financial accounts, returns and records of the Trust.
Take a lead role in ensuring that the Trusts payables and receivables balances are recorded and reconciled in accordance with guidelines issued by NHS Improvement.
Preparation of monthly financial performance reports to support the Board, detailing the Trusts performance in relation to SOFP and cash flows
Provision of detailed forecasts for the financial planning process in relation to SOFP, cash flows and capital expenditure. Provision of monitoring information of actuals against these plans, including variance and bridge analysis.
Cash Flow & Control
Day to day management of the Trusts liquidity, ensuring the Trusts cash flow is managed in accordance with the Trusts Treasury Management Policy, including debt and payment management, as well as borrowing and depositing.
Responsible for the preparation and monitoring of complex cash flow planning and forecasting within the Trust.
Develop reporting systems for monitoring the Trusts cash flow and for identifying deviations from the Trusts cash plan. Where appropriate, liaise with senior finance staff in reconciling Income & Expenditure, capital and working balances to monitor cash flow performance against plan. Advise on and implement appropriate action to ensure that cash flows remain with the cash plan.
Management of the Trusts banking arrangements, ensuring that appropriate reconciliation procedures are maintained.
Maintain cash holdings to ensure that sufficient funds are always available to meet the Trusts requirements.
Advise on the required extent of the Working Capital Facility for approval by NHS Improvement and manage cash resources appropriately.
Capital/Investment Appraisal
Ensure that allocated capital expenditure is in line with Trust objectives and plans and systems are in place to ensure that capital schemes are in accordance relevant accounting policies and guidelines.
Ensure that relevant financial information, particularly with regard to capital expenditure and investment appraisal, is included within every Business Case developed by the Directorates. Review and then discuss the information provided with the Deputy Director of Finance for either approval or to co-ordinate further actions required.
Ensure that capital expenditure is accurately recorded, forecast and allocated and that VAT is recovered where appropriate. Where appropriate confirm the treatment with HM Customs & Revenue and/or the Trusts VAT consultants.
Preparation of financial accounts, returns, records and forecasts in relation to capital expenditure, ensuring accurate treatment of capital accounting entries.
Prepare forecasts in relation to depreciation and calculate actual depreciation for inclusion in monthly and annual financial returns and reports.
Calculation of the Trusts Public Dividend Capital dividends payable and correct and timely remittance of such payments.
Other Financial Management Responsibilities
Maintenance of relevant financial policies and procedures for the regulation of financial dealings within the Trust, revising and updating as necessary, including the establishment of working parties, where relevant, to take forward revision and implementation.
Provide relevant input, as required, to internal and external audit reports, including the co- ordination and implementation of agreed recommendations.
Interpret financial information and accounting standards and provide relevant specialist financial advice and support on these complex issues to the Board, the Executive Directors Group and Directors and managers within the Trust. This advice may be communicated verbally or in writing and it may be supported by the production of detailed and accurate financial information without the necessity of advice from the line manager.
Within delegated guidelines act as an authorised signatory for Trust financial instruments and where required facilitate the processing of receipts and payments.
To work collaboratively with the Deputy Director of Finance in determining monthly timetabling and scheduling as well as timetabling and scheduling in respect of the preparation of the Annual Accounts of the Trust.
To maintain close contact with other finance colleagues within the Trust to ensure an efficient and effective delivery of service, consistent with departmental wide working policies and practices.
Line Management
To play a proactive role in the recruitment of staff and to train, motivate, develop and supervise those staff effectively within Trust and Finance Directorate policies and procedures, ensuring that all staff have job descriptions, regular one to one meetings, personal development plans, and are subject to an agreed appraisal mechanism. This includes the assessment of training needs and ensuring that these needs are met.
To recruit, train & develop the Financial Accounting team in order that they can competently undertake the responsibilities and tasks required of them and that the financial information and advice supplied is provided in an accurate, relevant and timely manner.
To be responsible for priority setting, both personally and for managed team members and to be responsive to urgent and unpredictable requests for high level financial assistance.
Please view the attached Job Description and Person Specification documents for full details regarding this post.
When completing your application please ensure that you clearly demonstrate how you meet the role criteria.
Person Specification
Training and qualifications
Essential
Desirable
Knowledge & Skills
Essential
Experience
Essential
Desirable
Other - Further Training
Essential
Desirable
Knowledge & Skills
Essential
Desirable
Other
Essential
Employer details
Employer name
Sheffield Health and Social Care NHS Foundation Trust
Address
Wardsend Road
45 Wardsend Road North
Sheffield
S6 1LX
Any attachments will be accessible after you click to apply.
457-24-6683277
We are looking for someone who shares the Trusts values and works well with a wide range of people to enable services to deliver high quality care for our service users. Working closely with the Deputy Director of Finance, Head of Contracts and Tender Management, Head of Procurement and Head of Management Accounts we want the Finance department to continue to be a great place to work to enable us to effectively support the rest of the organisation.
With the increased expectations on NHS finance teams you must be able to demonstrate highly developed knowledge, experience and expertise in a complex organisation with the ability to lead a team with numerous competing priorities.
Main duties of the job
The Head of Financial Accounts is directly responsible for the Trust's Financial Accounting function. The function has the following main responsibilities:
o Ensuring the preparation, maintenance and probity of the Trust's financial accounting controls, procedures and systems.
o Final Accounts production.
o Management of the section with accounts receivable accounts payable maintenance of the Trust's ledgers cash control banking arrangements and investments VAT.
o Capital/Investment appraisal and maintenance of the Trust's Register of Property, Plant & Equipment and associated accounting entries.
o Provision of detailed forecasts for the financial planning and monthly monitoring process in relation to SOFP, Cash flow and capital expenditure.
Full details are included within the job description and person specification.
About us
We are passionate about providing the very best care to the people we support, and we're looking for amazing people who share this passion to join us.
What is it that makes our Trust such a special place to work? Well, it's all about the people. Our staff, service users, carers and families all come from such diverse backgrounds and all have expertise and stories to share.
It's important that you feel supported in your role, that the people who you work with are as passionate as you are and that your health and wellbeing is taken care of
If you're interested in developing your career, you'll have access to a range of training and education opportunities, including apprenticeships, work experience and placements, as well as the chance to get involved in research.
We are all very proud of the difference we make to people's lives each and every day and if that's something that you'd like to be part of we'd love to have you with us.
Job description
Job responsibilities
Working to the Deputy Director of Finance the main responsibilities of the role are:-
Financial Accounting
Responsible for preparation of the Trusts Annual Accounts, Annual Financial Returns and Statements within the required timescales determined by NHS Improvement and in accordance with all relevant guidance, policy and professional accounting standards, whilst working autonomously to interpret and analyse such policies.
Responsible for compiling the technical financial pages of the Trusts Annual Report ensuring compliance with accounting standards and the requirements of NHS Improvements Annual Reporting Manual.
Liaison with external auditors in demonstrating the accuracy of the Trusts Annual Accounts and Returns, including the preparation of detailed working papers to satisfy external audit requirements.
Ensure systems and procedures are in place to reconcile the financial control accounts on a regular basis in order to maintain effective financial control and accuracy of financial information.
Co-ordinate the production of VAT returns as required and provide the Trusts specialist advice on VAT related issues.
Maintain and develop internal financial controls, systems and procedures, including the evaluation and implementation of recommendations contained in internal and external audit reports.
Ensure the proper management of the Trusts register of property, plant and equipment and ensure that supporting accounting entries are reflected in the financial accounts, returns and records of the Trust.
Take a lead role in ensuring that the Trusts payables and receivables balances are recorded and reconciled in accordance with guidelines issued by NHS Improvement.
Preparation of monthly financial performance reports to support the Board, detailing the Trusts performance in relation to SOFP and cash flows
Provision of detailed forecasts for the financial planning process in relation to SOFP, cash flows and capital expenditure. Provision of monitoring information of actuals against these plans, including variance and bridge analysis.
Cash Flow & Control
Day to day management of the Trusts liquidity, ensuring the Trusts cash flow is managed in accordance with the Trusts Treasury Management Policy, including debt and payment management, as well as borrowing and depositing.
Responsible for the preparation and monitoring of complex cash flow planning and forecasting within the Trust.
Develop reporting systems for monitoring the Trusts cash flow and for identifying deviations from the Trusts cash plan. Where appropriate, liaise with senior finance staff in reconciling Income & Expenditure, capital and working balances to monitor cash flow performance against plan. Advise on and implement appropriate action to ensure that cash flows remain with the cash plan.
Management of the Trusts banking arrangements, ensuring that appropriate reconciliation procedures are maintained.
Maintain cash holdings to ensure that sufficient funds are always available to meet the Trusts requirements.
Advise on the required extent of the Working Capital Facility for approval by NHS Improvement and manage cash resources appropriately.
Capital/Investment Appraisal
Ensure that allocated capital expenditure is in line with Trust objectives and plans and systems are in place to ensure that capital schemes are in accordance relevant accounting policies and guidelines.
Ensure that relevant financial information, particularly with regard to capital expenditure and investment appraisal, is included within every Business Case developed by the Directorates. Review and then discuss the information provided with the Deputy Director of Finance for either approval or to co-ordinate further actions required.
Ensure that capital expenditure is accurately recorded, forecast and allocated and that VAT is recovered where appropriate. Where appropriate confirm the treatment with HM Customs & Revenue and/or the Trusts VAT consultants.
Preparation of financial accounts, returns, records and forecasts in relation to capital expenditure, ensuring accurate treatment of capital accounting entries.
Prepare forecasts in relation to depreciation and calculate actual depreciation for inclusion in monthly and annual financial returns and reports.
Calculation of the Trusts Public Dividend Capital dividends payable and correct and timely remittance of such payments.
Other Financial Management Responsibilities
Maintenance of relevant financial policies and procedures for the regulation of financial dealings within the Trust, revising and updating as necessary, including the establishment of working parties, where relevant, to take forward revision and implementation.
Provide relevant input, as required, to internal and external audit reports, including the co- ordination and implementation of agreed recommendations.
Interpret financial information and accounting standards and provide relevant specialist financial advice and support on these complex issues to the Board, the Executive Directors Group and Directors and managers within the Trust. This advice may be communicated verbally or in writing and it may be supported by the production of detailed and accurate financial information without the necessity of advice from the line manager.
Within delegated guidelines act as an authorised signatory for Trust financial instruments and where required facilitate the processing of receipts and payments.
To work collaboratively with the Deputy Director of Finance in determining monthly timetabling and scheduling as well as timetabling and scheduling in respect of the preparation of the Annual Accounts of the Trust.
To maintain close contact with other finance colleagues within the Trust to ensure an efficient and effective delivery of service, consistent with departmental wide working policies and practices.
Line Management
To play a proactive role in the recruitment of staff and to train, motivate, develop and supervise those staff effectively within Trust and Finance Directorate policies and procedures, ensuring that all staff have job descriptions, regular one to one meetings, personal development plans, and are subject to an agreed appraisal mechanism. This includes the assessment of training needs and ensuring that these needs are met.
To recruit, train & develop the Financial Accounting team in order that they can competently undertake the responsibilities and tasks required of them and that the financial information and advice supplied is provided in an accurate, relevant and timely manner.
To be responsible for priority setting, both personally and for managed team members and to be responsive to urgent and unpredictable requests for high level financial assistance.
Please view the attached Job Description and Person Specification documents for full details regarding this post.
When completing your application please ensure that you clearly demonstrate how you meet the role criteria.
Person Specification
Training and qualifications
Essential
- CCAB Qualified Accountant
Desirable
- Honours degree or equivalent.
- MBA or equivalent
Knowledge & Skills
Essential
- Ability to establish and maintain professional credibility at all levels of the organisation and display a responsible and confident attitude in dealing with senior officers of the Trust.
- Ability to prioritise heavy workloads and meet deadlines through effective organisational and planning skills.
- Evidence of leading a project/section including pulling together unrelated systems or procedures, working across different disciplines and setting frameworks for accountability and resource priorities.
- Flexible and adaptable - able to manage competing and changing workloads.
- Able to analyse, interpret and utilise complex financial and non-financial information for reporting, forecasting and costing purposes.
Experience
Essential
- Significant recent (within the last 2 years) and relevant post qualification experience at a senior managerial level within a finance role, including staff management and development experience. In particular, recent knowledge and experience of management and leadership thinking relative to the co-ordination and direction of teams of staff producing timely and accurate financial information for strategic financial decision making.
- Expert knowledge of financial management reporting systems and processes, either within an NHS Trust or another large, complex organisation.
- Preparation of Annual Financial Accounts and Returns.
- Experience of cash management and investment.
- Detailed knowledge and understanding of the application of accounting policies, as well as current accounting practices, procedures and frameworks.
- Sophisticated use and knowledge of financial systems and demonstrably excellent IT skills including Advanced Excel skills, reporting writing skills, budgeting and costing software skills.
- Knowledge and experience of management thinking relative to the co-ordination and direction of teams of staff producing timely and accurate financial information for financial decision making.
Desirable
- Experience within a financial accounting role within the NHS and knowledge of Foundation Trust financial reporting requirements.
- Detailed knowledge of FT FReM and NHS Improvement financial framework.
- Experience of integrated ledger systems and report writing skills
Other - Further Training
Essential
- Evidence of up to date mandatory CPD.
Desirable
- Car Driver.
Knowledge & Skills
Essential
- Excellent verbal and written communication and influencing skills, in particular the ability to communicate complex ideas to lead and facilitate meetings and provision of feedback and recommendations to all levels of the organisation.
- Ability to work under own initiative, using own judgement and adapting precedents where necessary.
- Ability to question and learn quickly.
- Understanding the need to maintain confidentiality at all times and display a responsible attitude when dealing with confidential information.
- Positive team player/self-motivated.
Desirable
- Ability to make constructive challenges.
Other
Essential
- Fit our organisational values.
- Flexibility in relation to working hours, particularly to achieve deadlines, e.g. in relation to production of annual accounts and other statutory returns.
Employer details
Employer name
Sheffield Health and Social Care NHS Foundation Trust
Address
Wardsend Road
45 Wardsend Road North
Sheffield
S6 1LX
Any attachments will be accessible after you click to apply.
457-24-6683277
You need to sign in or create an account to save a job.
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