Finance Manager - Income

Job overview

The Finance Manager will support the Director of Finance, Deputy Director of Finance, Head of Financial Management, and the wider Finance team in delivering robust financial planning, reporting, and monitoring of the Trust’s income position. The post holder will work closely with the Finance, Contracting, and Performance teams to ensure income is accurately recorded, forecasted, and explained in line with NHS guidance and Trust contracts.

The post holder will also support central Financial Management processes as required, ensuring alignment with Trust-wide financial objectives.

The candidate will conduct regular meetings with budget holders, assist in identifying and addressing potential risks, and work on annual budgets with the Senior Finance Team. Representing the Finance department, investigating financial inquiries, and contributing to the development of the Management Accounting and Finance function. The candidate should have a CCAB qualification or equivalent experience, a detailed understanding of accounting procedures, substantial experience in finance, and expertise in management accounting. Effective communication, analytical skills, and the ability to plan and organize activities are essential for success in this role. The candidate will also have the opportunity to deputize for the Financial Management team when necessary.

Main duties of the job

Please see the attached Job Description and Person Specification for more information on the role requirements and duties.

Detailed job description and main responsibilities

• Support the monthly income monitoring process across Trust services.
• Ensure income is accurately captured in the ledger and reconciled with activity data and supporting trackers.
• Post all income journals accurately, ensuring correct coding and alignment with supporting documentation and contractual terms.
• Perform monthly reconciliations between the ledger, income trackers, and schedules, and promptly investigate and resolve discrepancies.
• Prepare income AOB returns, ensuring they reflect accurate positions and align with ledger entries.
• Support completion of TAC6 and TAC7 returns in accordance with internal deadlines.
• Support preparation of monthly income reports, forecasts, and briefings for senior colleagues.
• Prepare variance analysis with commentary and work with Finance Business Partners to investigate and explain variances.
• Support the preparation of the Trust’s cash flow forecast by accurately profiling expected income receipts and highlighting risks or delays in payments.

This is not an exhaustive list of duties and responsibilities. The post holder may be required to undertake other duties which fall within the grade of the job, in discussion with the Deputy Director of Finance/Head of Financial Management.

This job description will be reviewed regularly in the light of changing service requirements, and any such changes will be discussed with the post holder.