Financial Services and Accounting Manager

Job overview

The Financial Services & Accounting Manager is a senior finance professional within Velindre University NHS Trust and will report to the Head of Financial Services & Accounting.  They will have responsibility for the day-to-day performance and management of the Financial Services & Accounting function.

The role provides direct support to the Head of Financial Services & Accounting in the delivery of the corporate finance agenda and   will deputise in their absence. The post holder will also work closely with the Head of Financial Planning & Reporting and the Capital Programme Finance Manager.

Main duties of the job

The financial services and accounting role provides the core statutory accounting functions and manages key financial systems and processes for the Trust. It includes responsibilities that are concerned with financial control procedures and policies, governance and legislative requirements, financial transactions, systems and external statutory reporting.

In addition to delivering the core regulatory and statutory accounting requirements, providing system administration for Oracle Financials and running the banking and treasury management functions, the role will be responsible for a centralised transactional processing service providing support to the business partner accountants, their teams and to budget holders in the production of monthly budgetary control information.

Advise the Head of Financial Services & Accounting on changes to accounting policies and legislation that would have an impact on the Trust Financial status. This involves representing the Trust on external groups that influence these policies eg; All Wales Technical Accounting Group.

Be responsible for the Trust’s accounting systems, ensuring accuracy and integrity of information, including the ongoing development of the Oracle Financial Management System ensuring full integration of financial information.

Lead operationally on the co-ordination, preparation and production of the Trust’s Annual Accounts, Remuneration Report, Whole of Government Accounts, and all statutory returns.

Detailed job description and main responsibilities

You will be able to find a full Job description and Person Specification attached within the supporting documents or please click "Apply now" to view in Trac

Financial Governance / Systems

Provide support to the Head of Financial Services & Accounting in ensuring that the Trust’s Standing Orders & Financial Instructions, and financial policies and procedures are followed in all financial transactions and that appropriate systems and controls are put in place to maintain proper control of Trust resources.

Financial Accounting

Ensure that sound, appropriate accounting practices are communicated to, clearly understood by, and adhered to throughout the Finance department and the wider Trust.  Be the technical expert in the Trust and central point of contact for queries including those relating to International Financial Reporting Standards, NHS Financial Reporting Manuals, Welsh Government instruction, and HMRC Legislation.

Support the Head of Financial Services & Accounting in advising the Trust Board, Audit Committee, Director and Deputy Director of Finance on all aspects of financial accounting and legislation that would have an impact on the Trust Financial status.

Have day-to-day responsibility for the treatment of VAT within the Trust, ensuring that efficient and effective procedures are in place to correctly account for VAT whilst obtaining optimum VAT relief by the organisation.

Lead operationally on the co-ordination, completion and production of the Trust’s Annual Accounts, Remuneration Report, Whole of Government Accounts, and all statutory returns in accordance with the NHS Manual for Accounts and IFRSs and to the appropriate standards of accuracy and timeliness.

Support the Head of Financial Services & Accounting in ensuring that appropriate and secure banking arrangements and effective and robust Treasury management processes are in place, taking operational responsibility for ensuring bank reconciliations and accurate cash forecasts are available on a timely basis (as a minimum monthly).

Operationally manage the processes to accurately and promptly invoice and recover income due to the Trust.  If necessary, be involved in the recovery of complex or contentious debts.