Job summary
Assistant Financial Accountant
Department: Finance
Band 5 - £28,407 - £34,581 per annum, pro rata if part-time
Hours: 37.5 per week, all MKUH roles will be considered for flexible working
The Financial Services Team at Milton Keynes University Hospital NHS FT are seeking to recruit an enthusiastic and highly motivated individual to join our team.
The Financial Services Team includes capital, charity, subsidiary, accounts payable/receivable, treasury, governance and statutory returns.
This role is a development role, requiring completion of relevant competencies. The role is suited to an AAT technician or equivalent, with capital accounting experience, who has worked within the NHS, wider public sector, or similarly large and complex organisations.
Interview date: 16.05.2024
Main duties of the job
To assist the Capital analyst in providing the capital accounting required to ensure that the trust accurately records its capital assets and adheres to capital accounting policies outlined under IFRS and by Monitor and the Department of Health.
To provide capital accounting to support the Senior Capital Accountant in meeting, NHSE and DHSC requests for interim and year end accounts submissions.
The post holder will:
- Assist in the timely and accurate production of monthly and annual capital accounts to include:The capitalisation of assets onto the fixed asset registers, in accordance with Trust policy.
- Monthly processing of depreciation, amortisation and Accruals in line with Trust policy
- Process the appropriate accounting entries for the disposal of fixed assets.
- Revaluation of assets in line with Trust policy in RAM.
About us
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 workingopportunities
- 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.
Job description
Job responsibilities
- Monthly reconciliation of Ledger and Asset system with any issues resolved within an agreed period.
- Assist the Capital Analyst in Producing relevant schedules to be included in the annual accounts, supported by clear working papers.
- Input capital transactions into the Trusts fixed asset register (RAM) including reconciliation to Oracle. This involves analysing complex data.
- Provide a monthly schedule to the Financial Management Team to identify potential capital items coded to Income and Expenditure and action changes as appropriate.
- The preparation and maintenance of all appropriate guidance and procedure notes in accordance with SFIs and own experience. Keeping them up to date in accordance with the Finance Departments schedule.
- Responsible for planning and co-ordinating own workload in order to ensure the monthly accounts are produced on time.
- Support the organisation towards best practice in respect of capital accounting, ensuring they adhere to IFRS guidance particularly in respect of intangible assets.
Please refer to attached Job Description for further details.
Job description
Job responsibilities
- Monthly reconciliation of Ledger and Asset system with any issues resolved within an agreed period.
- Assist the Capital Analyst in Producing relevant schedules to be included in the annual accounts, supported by clear working papers.
- Input capital transactions into the Trusts fixed asset register (RAM) including reconciliation to Oracle. This involves analysing complex data.
- Provide a monthly schedule to the Financial Management Team to identify potential capital items coded to Income and Expenditure and action changes as appropriate.
- The preparation and maintenance of all appropriate guidance and procedure notes in accordance with SFIs and own experience. Keeping them up to date in accordance with the Finance Departments schedule.
- Responsible for planning and co-ordinating own workload in order to ensure the monthly accounts are produced on time.
- Support the organisation towards best practice in respect of capital accounting, ensuring they adhere to IFRS guidance particularly in respect of intangible assets.
Please refer to attached Job Description for further details.
Person Specification
Qualifications and knowledge
Essential
- Good basic education to A-level standard (including GCSE Maths and English).
- Experience of working within a finance role in a large organisation.
- AAT technician level or equivalent qualification or experience.
Desirable
- Working towards Professional CCAB Accountancy qualification.
Experience
Essential
- Detailed knowledge and understanding of accounting procedures, bookkeeping, and financial systems.
- Experience of accounting for capital transactions
- Experience of working with and manipulating large volumes of data.
- Working knowledge of Microsoft Office IT packages including Excel and Word
- Experience of working within finance controls and procedures.
- Experienced user of computerised Financial and capital accounting and reporting systems, in particular RAM, Oracle R12 and Business Intelligence
- Experience of working to tight deadlines and under pressure.
Desirable
- Experience of working in an NHS organisation.
Skills
Essential
- Excellent planning and Organisational skills with ability to work to tight deadlines, under pressure, agreeing priorities where necessary.
- Ability to work without direct supervision and direction whilst adhering to Trust Policies and guidelines.
- Ability to communicate (both written & verbal) with people at all levels from within the organisation or external to it, both financial and non-financial.
- Able to interpret guidelines and implement appropriate changes to working practices.
- Ability to analyse and interpret financial data and prepare financial summaries.
Desirable
- Able to demonstrate attention to detail.
- Experience of presenting financial data to other people
Personal and people development
Desirable
- Evidence of Continuous Professional Development
Communication
Desirable
- Excellent communication skills, both verbal and written
Specific requirements
Essential
- Able to perform the duties of the post with reasonable aids and adaptations
Person Specification
Qualifications and knowledge
Essential
- Good basic education to A-level standard (including GCSE Maths and English).
- Experience of working within a finance role in a large organisation.
- AAT technician level or equivalent qualification or experience.
Desirable
- Working towards Professional CCAB Accountancy qualification.
Experience
Essential
- Detailed knowledge and understanding of accounting procedures, bookkeeping, and financial systems.
- Experience of accounting for capital transactions
- Experience of working with and manipulating large volumes of data.
- Working knowledge of Microsoft Office IT packages including Excel and Word
- Experience of working within finance controls and procedures.
- Experienced user of computerised Financial and capital accounting and reporting systems, in particular RAM, Oracle R12 and Business Intelligence
- Experience of working to tight deadlines and under pressure.
Desirable
- Experience of working in an NHS organisation.
Skills
Essential
- Excellent planning and Organisational skills with ability to work to tight deadlines, under pressure, agreeing priorities where necessary.
- Ability to work without direct supervision and direction whilst adhering to Trust Policies and guidelines.
- Ability to communicate (both written & verbal) with people at all levels from within the organisation or external to it, both financial and non-financial.
- Able to interpret guidelines and implement appropriate changes to working practices.
- Ability to analyse and interpret financial data and prepare financial summaries.
Desirable
- Able to demonstrate attention to detail.
- Experience of presenting financial data to other people
Personal and people development
Desirable
- Evidence of Continuous Professional Development
Communication
Desirable
- Excellent communication skills, both verbal and written
Specific requirements
Essential
- Able to perform the duties of the post with reasonable aids and adaptations
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
