Group Financial Accountant- Treasury & Financial Accounts

This Group Financial Accountant post sits in the Financial Accounts team at St George’s University Hospitals NHS Foundation Trust. The core of the work is treasury, daily cash monitoring, cash flow forecasting and bank and control account reconciliations. It also covers statutory returns, year-end accounts and audit support, plus fixed asset and IFRS 16 work for the Capital Accounting team. Applicants need NHS Trust finance experience and an AAT qualification, or study towards a CCAB body.

What the job involves

• Monitor the Trust’s daily cash position and manage its bank accounts and short-term investments
• Prepare short- and medium-term cash flow forecasts and identify funding and investment needs
• Reconcile all bank and control accounts, including payroll and VAT, investigating and resolving variances
• Prepare and post journals for income, expenditure, accruals, prepayments and balance sheet adjustments under IFRS and NHS guidance
• Support the Agreement of Balances process for NHS and non-NHS debtors and creditors
• Prepare monthly treasury and balance sheet reports for management review
• Contribute to the Trust’s annual accounts, including notes on cash, investments, borrowings and leases
• Support monthly and quarterly NHS financial returns and year-end accounts
• Reconcile fixed asset and lease schedules with Capital Accounting, including IFRS 16 reporting
• Liaise with commercial banks, NHS Shared Business Services and internal departments on treasury matters
• Respond to internal and external audit queries and maintain audit trails
• Support improvements to financial systems, controls and processes

Qualifications

• AAT qualified or studying towards CCAB, ACCA or CIMA
• Bachelor’s degree or equivalent
• Demonstrable post-qualification development and CPD

Experience

• NHS Trust finance experience

Skills & knowledge

• Expert understanding of the NHS Trust financial framework and Trust accounting systems
• Advanced grasp of accounting techniques as applied to the NHS
• Good knowledge of IFRS, IAS and accounting policies
• Good competence in Excel, Word, Outlook and MS Teams, with advanced keyboard skills
• Train graduate trainees and other finance colleagues
• Communicate complex information clearly to all levels of staff

Other

• Prepare ad-hoc management reports on request
• Analyse financial information using a range of analytical skills
• Plan and organise own area of responsibility to meet targets
• Work well under pressure to demanding deadlines, showing initiative and flexibility with minimum supervision
• Awareness of current NHS finance issues

Nice to have

• Acute Trust experience
• Actively pursuing a CCAB or equivalent professional accountancy qualification
• Train graduate trainees and other colleagues in the finance team

What’s offered

• Support for flexible working arrangements, discussed during recruitment

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