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Serving classified ads since 1985.
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Head of Financial Control

Description

Great Western Hospitals NHS Foundation Trust (GWH) is forward-looking, friendly and focused on providing a wide range of excellent healthcare services to patients in Swindon and the surrounding area. We provide services in the acute hospital, in the community and in primary care; caring for over 1.2 million contacts every year. We have recently taken over the provision of two GP practices and are excited for the future as we work towards a completely integrated healthcare system in Swindon. We value the diversity of our colleagues and actively champion an inclusive culture. We have a workforce of 5,200 and are committed to helping our colleagues achieve a work/life balance and proudly offer supportive, inclusive and family friendly employment with an on-site nursery available and flexible working policies. You'll be joining a great team in a great place, where your commitment will be genuinely valued, your skills respected, and your ambition rewarded.  Whether you already live here, or are thinking of relocating, you'll find Swindon is a great place to live and work, offering a rich quality of life for young people, families and those heading towards retirement. Affordable high-quality housing, the countryside, modern shopping hubs, great schools and accessible transport links – we are less than a mile from Junction 15 of the M4, and there's a great bus service from the town centre to the hospital. Job overview We are currently looking to recruit an experienced, professional and highly motivated Head of Financial Control to lead the financial accounting, statutory financial reporting, financial control. Reporting to the Deputy Director of Finance, you will work closely with the wider senior finance team and other senior managers across the organisation and you will play a pivotal role in the leadership of the finance function. The post holder will also lead on operational and strategic cash and working capital management ensuring that appropriate systems and processes are in place to maximise cash flow and operate efficiently as a Foundation Trust. You will also be expected to demonstrate a high-level leadership, technical, analytical skills and inter personal and negotiating skills gained from a successful career in a similar organisation. For more information on this role please contact Anne-Marie Howroyd, Deputy Director of Finance on 01793 605597. Main duties of the job To succeed in this role at GWH you will: Be a qualified Accountant with substantial financial accounting experience in a medium to large and complex organisation. Have excellent understanding of accounting processes and audit requirements Have experience of Preparation of Statutory Financial Statements and compliance with IFRS Have experience of providing expert specialist financial advice and information to Directors and Senior Managers. Working for our organisation The benefits In return for your hard work and dedication you will enjoy a wide variety of benefits including: Band 8c salary package £63,751 - £73,664 depending on experience 27 – 33 days holiday Standard NHS pension and other associated benefits Detailed and main responsibilities Statutory Account, Returns and Reports Lead the production of annual published accounts to meet statutory requirements, supported by high quality working papers. Review the annual accounts preparation process including overseeing the production of detailed annual accounts timetables in January of each financial year, ensuring that the Trust fully complies with guidance produced by Department of Health and NHS Improvement and that all Finance and non-Finance staff are fully cognisant of the requirements of them as part of the process. Report progress to the Audit Risk and Assurance Committee as required. Ensure timely and accurate production of the annual plans and periodic returns required by the Department of Health and NHS Improvement Production of monthly summary financial accounts, internal monitoring reports and information for inclusion in the Deputy Director of Finance’s report to Trust Board including balance sheet, Cash flow and key Ratios. The post holder maybe required to present reports and other, often highly complex, information, to senior non-finance managers / Directors and must therefore have strong communication, negotiation and influencing skills. Assist the Deputy Director of Finance in the development of the Annual Plan for NHS Improvement by modelling future years’ balance sheets, movement in working capital and capital charges, setting out plans for how best advantage can be obtained. Assist the Deputy Director of Finance in the annual review of SFIs, Standing Orders and Schemes of Delegation and maintain in-year changes to these. Undertake a systematic review of all financial controls and financial control systems and ensure all procedures are in place, understood and being followed, designing or re-designing where necessary. Support the Deputy Director of Finance in risk management by developing strategies for the identification, mitigation and elimination of financial risk and ensuring financial governance is embedded and integrated as part of the wider assurance framework of the Trust. Financial Accounting Services and Systems, Ensure that, at all times, the Trust’s accounting practice is in line with latest UK GAAP/IFRS, as amended specifically by the Secretary of State for Health. Advise on the impact of changes to UK and NHS accounting policy and practice, including moves to International Accounting Standards, and ensure that reporting, systems and procedures are amended accordingly. Use financial accounting policy and practice pro-actively to minimise expenses and maximise income, where feasible. Work with the Head of Financial Management to agree the monthly closure timetable and review processes involved to ensure maximum efficiency and maintain five day reporting. Keep the adequacy and efficiency of all accounting and financial services systems and software under review and develop cases for alternatives. Capital Accounting PFI and Lease Financing Ensure that robust accounting controls are in place for all aspects of the Trust’s capital programme and that all capital expenditure and asset values are accurately reflected and reported, at corporate and scheme levels. This may involve dealing with highly complex, sensitive or contentious financial information. Attend the Trust’s Investment Committee, providing reports as necessary, assisting the Deputy Director of Finance in the development of capital programme controls and providing technical finance and accounting advice to the development of fixed asset related business cases. Advise on strategic and maintenance/replenishment capital requirements and model future capital programmes, taking account of capital and revenue affordability and the likely underpinning financial structures. Manage the Trust’s lease portfolio from a financial perspective, providing support and advice to Divisions, including evaluation of capital purchase vs. lease finance options. Support Deputy Director of Finance by acting as day to day finance lead on Accounting for Trust’s PFI schemes, ensuring financial models are kept up to date and accurately reflected in all financial reporting. Cash and Treasury Management Lead cash and working capital management across the Trust, establishing robust cash flow reporting in line with the Foundation Trust cash management regimes and any authorised limits. Ensure the production of rolling weekly, three monthly, annual and strategic cash flow plans and monitoring reports on an actual basis. Ensure cash flow plans and reports link and reconcile to the Trust’s income and expenditure account, budget and actual, and accurately reflect the profile of the Trust’s capital programme payments. Proactively lead the management of elements of working capital to maximise cash flows and deliver the cash plans. Advise on investment and borrowing, establishing processes for taking out and monitoring of all loans and investment of surplus cash. Ensure that up to date treasury management procedures and controls are in place at all times. Evaluate proposed new investments and borrowing on behalf of the Finance & Investment Committee to ensure that the best terms are received. Ensure that the organisation is fully compliant with relevant taxation legislation and taxation cash flows are maximised. Ensure the production of regular and ad hoc reports on cash management activity and key ratios. To act as the Trust’s lead on VAT matters including providing advice to staff and interpreting VAT guidance, dealing with the Trust’s VAT consultants and HM Customs and Excise. Charitable Funds To provide a comprehensive charitable funds accounting service Providing advice to the Trustees on their obligations and liabilities including interpreting Charity Commission legislation and policies and ensuring the Trust is compliant with this. Supporting the charitable funds committee Producing the final accounts and Trustees report Providing professional supervision to the Fundraising Administrator Liaising with external auditors and the Charity Commission Person specification Education & Training •CCAB or CIMA Qualified Accountant with evidence of current membership • Educated to Degree Level Experience • Working at a senior level with the finance function of the NHS • Excellent understanding of accounting processes and audit requirements • Demonstrable experience of promoting continuous improvement and high professional standards • Staff management experience including leading and managing teams • Experience of Annual Accounts production for NHS Foundation Trust or NHS Trust Knowledge & Skills • Strong working knowledge of accounting concepts, methodologies and practices • Good communication, negotiation and presentation skills • Able to make financial judgments on complex and/or sensitive issues where other leading opinions

Great Western Hospitals NHS Foundation Trust

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