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Job overview
An opportunity has arisen for the role of Senior Management Accountant, acting as the Financial Management lead for one of the Trust’s clinical divisions and playing a key role in managing and reporting its financial position.
The post holder will provide expert financial advice to operational colleagues and lead their staff in providing an effective financial management and reporting service.
The successful candidate will be a fully qualified CCAB or CIMA qualified accountant with significant financial management experience in a large organisation. They will have experience of managing and developing staff and will have demonstrated the ability to build effective working relationships and deliver timely and accurate financial reporting.
Note: The JD & PS are currently under AfC review and are subject to change.
Main duties of the job
The Senior Management Accountant’s main duties will be to:
* Provide expert financial advice and oversight of financial management across their division
* Influence investment decisions and priorities for the division, including providing financial input into business cases and informing management decisions
* Support operational teams with addressing budget variances and delivering challenging efficiency targets
* Lead the month end process for their area of responsibility, ensuring timely and accurate reporting
* Co‑ordinate the budget setting and forecasting processes
* Manage and develop Management Accountants and other support staff
Detailed job description and main responsibilities
KEY DUTIES
* Establish and maintain strong working relationships with both key internal and external individuals to ensure effective working. The post holder will be expected to provide advice to the Assistant Director of Operations, Directorate leads and Clinical Leads over financial issues of all aspects of service provision of the Care Group/ Corporate Function.
* Influence investment decisions and priorities of several departments within the Division. This could entail a wide range of management decisions including changing skill mix structure within department and new initiatives to improve patient care.
* Develop and evaluate formal business case proposals from the Division including presenting financial information to the senior management team. This may include estimating consequential financial and personnel implications on all areas of the Trust.
* Support the commissioning process of any service provision to external organisation including costing of such proposed service.
* Ensure all aspects of the Trust’s financial policies are adhered to; value‑for‑money secured and financial stability achieved. Provide training to non‑finance managers and Clinicians as and when required, ensuring Corporate Governance is adhered to.
* Contribute to the accuracy and production of the corporate financial reporting including statutory returns, final accounts and Reference Costs submission.
* Co‑ordinate the annual Budget Setting process, ensuring that departmental budgets are developed to take account service pressures in accordance with constraints of funding. This consists of planning and organisation of a wide range of departmental budgets, which requires formulation and adjustment of several variables affecting both income and expenditure.
* Ensure financial reports to the Division are developed and amended to meet the evolving information requirements and achieve consistency with corporate reporting to both Finance Committee and Trust Board. Also to ensure these reports are produced timely and accurately in accordance to agreed timetable.
* Demonstrate understanding and fully utilise all relevant forms of technology and information systems in order to ensure accurate interpretation and effective use of resources. Continually review fit for purpose compared to organisational requirements.
* Monitor the financial performance (both income and expenditure) of the Divisions, identifying and reporting variances; and actively agree corrective management action where necessary.
* Maintain and monitor the Trust’s General Reserves ensuring that correct distribution is made from these earmarked reserves. Communicate with senior finance team of any forecast slippage/shortage on reserves in order that resources are allocated in an appropriate manner.
* Utilise information streams such as SLR / PLICS / IPR / SLAM / PCB / Qlikview within the Division and utilise the information they contain as a lever for change.
* Assist the Head of Financial Management with the completion of the Trusts financial plan and its subsequent monitoring throughout the year.
* Support service units within own area of responsibility to develop, assess and implement a cost improvement plan (CIP) to ensure ownership and understanding of the plan by budget holders. Promote a positive culture of engagement with operational services on CIP.
* Support in the identification and monitoring of divisional cost improvement plans. Provide full costing of such schemes and details of realisation and liaise with Quality leads to ensure all schemes are fully reviewed as part of the Trust policy.
* Promote greater financial management and financial control amongst the divisional management team. Provide appropriate advice and support with the divisional structure to ensure all efforts are made to achieve financial stability.
* Maintain the integrity of the financial ledger and other financial systems to ensure compliance with audit requirements.
* Prepare final accounts working papers in accordance with procedures and timescales and comply with audit requirements.
* Ensure that all communication with others is conducted in a professional and competent manner and is followed up in writing when required.
CLINICAL & PROFESSIONAL RESPONSIBILITIES
* Maintain Professional Registration
* Adhere to relevant Code of Practice of Professional body.
ADMINISTRATIVE RESPONSIBILITIES
* Update financial management reporting timetables ensuring synchronisation with statutory, external reporting timetables and internal Trust reporting timetables, keeping relevant departments updated on changes.
* Ensure working procedure notes exist for the post holder duties within this job description and are regularly updated to reflect current status and are accessible to appropriate staff at all times.
* Maintain all filing systems both paper based and electronic.
TEACHING & TRAINING RESPONSIBILITIES
* All staff are required to be appraised by their line managers at least once a year in a personal development review meeting.
* Provide training to non‑financial managers on budgetary control and financial management, including effective use of information systems/reports.
* Manage the staff within the Management Accounts Team ensuring thorough on‑the‑job training and coaching.
* Act as a mentor for junior staff undertaking accountancy training.
* Participate in annual performance review to identify personal development needs.
LINE MANAGEMENT/SUPERVISORY RESPONSIBILITIES
* Directly manage and develop the Management Accountant and other support staff, including appraisals, PD plans, sickness monitoring and Health & Safety.
* Ensure staff objectives are reflected through personal development plans and provide guidance to help them deliver.
* Recruit and select staff for the Management Accounts team effectively.
* Deputise for the Head of Financial Management or Assistant Director of Finance where necessary.
FINANCIAL RESPONSIBILITY
* Continuously look to improve by implementing new ways of working and cascading changes to other Finance teams where relevant.
RESEARCH & AUDIT
* Contribute to the Trust’s internal & external audit processes.
Person specification
Qualifications
* Fully Qualified CCAB or CIMA accountant and significant equivalent experience in a relevant management accounting role.
Knowledge & Experience
* Significant recent financial management experience within a large organisation.
* Experience of managing and supervising staff within a Finance department, including recruitment, development plans and supervision sessions.
* Strong working knowledge of all aspects of management accounting (budgetary and financial planning, variance analysis and financial reporting), end‑of‑year statutory accounts requirements and SFI’s with a proven track record of reviewing and interpreting financial statements and advising senior managers.
* Knowledge of accountancy policies & procedures, understanding of the NHS Financial framework and data protection legislation.
* Strong IT skills, experienced with Microsoft Office suite (Excel and Word), General Ledger and periphery electronic modules; able to develop and use IT appropriately to meet objectives.
* Experience supporting service lines in developing and evaluating business cases, ensuring service lines maintain financial stability and standard of care remains high quality.
* Experience in the identification and monitoring of divisional cost improvement plans.
Skills
* Excellent oral and written communication skills with the ability to clearly communicate financial and non‑financial information to staff at all levels both internal and external to the organisation.
* Excellent interpersonal skills with the ability to build and maintain effective working relationships.
* Ability to advise and influence others, combined with the ability to understand issues from the service provider perspective.
* Demonstrate being well organised and having the ability to prioritise own workload and demands from different sources.
* Able to work under pressure, meet objectives and produce high quality work within tight and potential conflicting deadlines.
Equality, Diversity, and Inclusion
We actively cultivate a professional environment of fairness, equality, dignity, and respect for all individuals. We welcome individuals from all backgrounds and value the unique skills, perspective, and experience you bring. We are grounded in the belief that diversity enhances our collective strength, fostering innovation and excellence within our workforce. We welcome all applications irrespective of race, disability, gender, sexual orientation, religion/belief, age, gender identity, marriage and civil partnership, pregnancy/maternity and in particular those from under‑represented groups.
As a Disability Confident Leader, we commit to offering an interview to all disabled applicants who meet the minimum criteria for the job (the essential criteria) listed in the personal specification. If you wish to apply under this Guaranteed Interview Scheme, please indicate this on the online application form.
We also commit to offering an interview to all armed forces veterans who meet the minimum criteria for the job (the essential criteria) listed in the personal specification. If you wish to apply under this Guaranteed Interview Scheme, please indicate this on the online application form.
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