The post holder will support the development of financial reporting which will include the analysis and interpretation of complex financial information. This will include ensuring that there is a continuous quality improvement programme for this financial information, that it takes account of the views and information needs of the service. Organise and attend meetings with speciality leadership team and budget holders to review and monitor performance. The post holder will work with the managers to interpret complex financial information and variances from plan and offer guidance and advice on corrective action as necessary.
Facilitate the delivery of financial support and training to Care Group or Corporate Group staff to enable them to understand and effectively manage their budgets and monitor performance on an ongoing basis. Develop and maintain an understanding of each service area within the Care Group or Corporate Group to identify the level of financial support required. Review contracts, quotations and invoices, identify opportunities to reclaim VAT with the support of the internal Tax and Compliance Team. Assist the Finance Manager with the development of financial efficiency and recovery plans, engaging with the services as part of the process.
Work in partnership with the services staff to provide and interpret complex financial information for projects, business cases, suppliers and capital planning. Prepare and input budgets and journals, including appropriate recharges. To assist management with variance analysis, forecasting and reconciliation of control accounts. Prepare accurate and timely monthly and annual management and financial accounts.
Provide input as required to the Trusts statutory financial reports. Proactively respond to complex and sensitive financial queries with managers and with external organisations, including other NHS bodies, universities, local authorities and trade suppliers in an appropriate manner and in the best interests of the Trust. Provide advice on complex financial and corporate issues to non-financial managers; negotiate with NHS and non-NHS external organisations over cost and service issues. Assist with the development of the General Ledger and supporting the resolution of operational problems/issues.
Maintain up to date knowledge of Finance & Procurement computerised systems (General Ledger, Purchase Ledger, Sales Ledger and Payroll). Take lead responsibility for the production and distribution of accurate, timely and understandable budget reports to speciality leadership team and budget holders within agreed performance standards, including: o Validating reports and identifying reasons for variances. o Producing financial forecasts for review. Reconciling budgets, including the maintenance of the current and recurrent budget position.
Undertake budget virements and adjustments, in agreement with managers, to reflect the financial implications of service and departmental changes and to influence budget management decisions. Assist with the annual budget setting process ensuring that it meets with the services and Trusts strategic direction. Undertake any other tasks that are allocated as may reasonably be required. Ensure the consistent application of the Trusts financial management policies and procedures and good accounting practice within the Care Group or Corporate Group ensuring compliance with the following: o Statutory Financial Instructions.
o Scheme of Delegation. o Scheme of budgetary control. o Relevant accounting standards and practices, including the adoption of accruals and commitment-based accounting principles in the production of financial reports. Authorised signatory up to level commensurate with Trust scheme of delegation.
Ability to work within policies and procedures with a high degree of autonomy and with minimal supervision. Deliver finance training to non-finance managers. To ensure the maintenance of comprehensive records and supporting information To audit/review own work processes and to propose changes to procedures for review by management. Respond to ad hoc internal and external audit queries.