Financial Accountant

Job overview

Financial Accountant

Department:Financial Services Team

Band 7 £43,-£50, 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

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.

Working for our organisation

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 working opportunities

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.

Detailed job description and main 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 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