Financial Accountant (financial Accounts & Capital)
St George's Healthcare NHS Foundation Trust
This job is now closed
An exciting opportunity has arisen for a proactive and experienced Assistant Financial Account to join Financial Accounts team. Currently we have a Band 5 vacancy in our Financial Accounts team for an accountant (accountancy degree with 2:1or CCAB/CIMA part qualified or actively studying towards CCAB/CIMA or AAT qualified) with at least 2 years of NHS finance experience.
Main duties of the job
The key responsibilities are;
- To perform complex financial control accounts reconciliations including bank account reconciliations and investigate and resolve related discrepancies in a timely manner.
- To prepare journals to support month end and year end accounting requirements.
- To assist in the preparation of the year end annual accounts, PFR return, notes and working papers and other statutory and NHS returns.
- To cover preparation of cashflow forecasts and recommend related cash transfer and investment requirements.
- To support the creditors element of the NHS Agreement of Balance exercise.
- To prepare schedules for salary sacrifice deductions and third party pay overs.
- To assist by preparing monthly reports such as creditor analysis and BPPC reports.
- To deal with Trust monthly VAT returns by completing a timely submission as per HMRC guidance.
- To support capital accountant in managing fixed assets register, posting monthly capital accruals and monitor capital spend.
- To manager IFRS16 lease asset register.
- To perform cash book reconciliation
- To deal with external and internal audit queries
The successful candidate will possess excellent communication and interpersonal skills together with a professional positive attitude. This is a challenging role and a great opportunity for a dynamic and self-motivated individual to make it their own.
The full details of the role are within the Job Description. For an informal discussion about the role, please contact, Prasanna Reddy (Prasanna.Reddy@stgeorges.nhs.uk)
- To develop and maintain a detailed understanding of the Trusts processes and procedures and the accounting system relating to financial reporting and control, including an operational understanding of other Finance functions such as Income, Accounts Receivable, Payroll and Procurement.
- To have a working knowledge and understanding of relevant national accounting standards and an awareness of the NHS Finance framework such as the NHS manual for Accounts.
- To prepare the monthly reconciliations in a timely manner and to investigate and resolve any discrepancies.
- To prepare journals in accordance with Trust policy and procedures and input to the Finance Ledger whilst maintaining good audit trail records.
- To investigate and respond to any queries raised by External Audit during the year-end accounts process.
- Complete cashbook reconciliations on a weekly basis
- Complete Balance Sheet control account reconciliations monthly in accordance with timetables
- Provide appropriate working papers to enable the completion of the Annual Report in accordance with Statutory Financial Regulations and NHS rules
- Ensure the integrity of the coding structure/ reporting hierarchy
- Responsible for borrowings reconciliation including IFRS16 leases
- Responsible for monthly provision workings and reconciliation
- Respond to Audit queries in a timely manner
- Responsible for year end AOB process
- Support in VAT workings and VAT return submission
- Support in payroll deductions reconciliation
- Prepare reports on expenditure to be distributed to budget holders.
- Prepare the capitalisation spreadsheets for new fixed assets once the expenditure is validated.
- Validate fixed assets recorded on the Fixed Asset Register by distributing lists for verification by budget holders and investigating and resolving any discrepancies.
- Assist in the preparation for all necessary adjustments that are made to the Fixed Asset Register and therefore to the fixed asset position of the Trust to reflect additions, disposals, revaluation, and any other adjustments.
- Assist in monitoring the expenditure on donated and government grant assets and ensure the recharges are raised to the appropriate organisations where necessary on a timely basis.
- To prepare the IFRS 16 lease adjustments done on a monthly basis.
- To assist in the disclosure requirements for fixed assets for the statutory accounts.
- To assist in the preparation of detailed working papers to a high standard supporting all entries in the fixed asset register and capital notes to the accounts.
- To plan own workload to ensure daily, weekly and monthly financial timetables are met.
- To ensure that work is performed in accordance with Trust policies and procedures without direct supervision.
- To assist with the development and maintenance of Capital Accounting practices and procedures in response to changes in national accounting standards and Trust policy
Certificate of Sponsorship
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).