Job summary
The Financial Accountant is responsible for undertaking reconciliations and preparing bank payments in conjunction with the Financial Accounts Manager and allocating of income. This post also provides cover for the Senior Financial Accountant.
Main duties of the job
- Export bank statements for input daily to post journals to the Cashbook Ledger.
- Prepare CHAPS and Foreign Payments as required.
- Prepare and post income journals to Accounts Receivable Ledger and General Ledger once all income has been agreed to invoices and/or general ledger codes. Journals must list all income received for the day and reconcile to the relevant bank statement.
- Set Up/Amendments and Removing of Standing Orders.
- Responsible for preparing and posting journals for cancelled cheques and recalled BACS.
- Reconciliation and preparation of schedules, for all payroll allowance and deduction schedules. Investigation and resolution of any queries or errors.
- Reconcile Balance Sheet codes monthly and ensure all queries are dealt with in a timely manner.
About us
The Trust provides a full range of local and specialist services across its five sites. The trust-wide strategy of Strong Roots, Global Reach is our Vision to be BOLD; Brilliant people, Outstanding care, Leaders in Research, Innovation and Education, Diversity, Equality and Inclusion at the heart of everything we do. By being person-centred, digitally-enabled, and focused on sustainability, we aim to take Team King's to another level.
We are at a pivotal point in our history and we require individuals who are ready to join a highly professional team and make a real, lasting difference to our patients and our people.
King's is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible.
Job description
Job responsibilities
- Financial management of the Childcare Nursery voucher scheme. Provide routine information to the payroll contractors and voucher providers in a timely and accurate manner. Reconciliation of deductions from salary, including the preparation of a payment schedule for submission to Accounts Payable for processing. Investigating and resolving queries from employees, the payroll contractors, the voucher providers, and Kings Nursery staff.
- Opening/ Amending Supplier accounts for Accounts Payable.
- Investigate any income received without a remittance advice, by searching the Accounts Receivable Ledger and liaising with the Accounts Receivable department, Income Accountant as well as customers and the bank to ascertain whether the money was owed to the Trust and if so, which invoices are being paid.
- Responsible for maintaining the Losses and Compensation Register.
- To update, maintain and deal with queries relating to Salary Overpayments and Salary Sacrifice scheme so far as it relates to the Financial Accounting function.
- Input information monthly/quarterly to the Trusts Fixed Asset Register.
- To assist in the preparation and implementation of the statutory annual accounts at the appropriate level for the post.
Please refer to the job description for full details.
Job description
Job responsibilities
- Financial management of the Childcare Nursery voucher scheme. Provide routine information to the payroll contractors and voucher providers in a timely and accurate manner. Reconciliation of deductions from salary, including the preparation of a payment schedule for submission to Accounts Payable for processing. Investigating and resolving queries from employees, the payroll contractors, the voucher providers, and Kings Nursery staff.
- Opening/ Amending Supplier accounts for Accounts Payable.
- Investigate any income received without a remittance advice, by searching the Accounts Receivable Ledger and liaising with the Accounts Receivable department, Income Accountant as well as customers and the bank to ascertain whether the money was owed to the Trust and if so, which invoices are being paid.
- Responsible for maintaining the Losses and Compensation Register.
- To update, maintain and deal with queries relating to Salary Overpayments and Salary Sacrifice scheme so far as it relates to the Financial Accounting function.
- Input information monthly/quarterly to the Trusts Fixed Asset Register.
- To assist in the preparation and implementation of the statutory annual accounts at the appropriate level for the post.
Please refer to the job description for full details.
Person Specification
Qualifications
Essential
- Educated to at least AAT Member level, degree level or have an equivalent level specialist knowledge and training through experience
- Qualified CCAB to Foundation Level
Desirable
Knowledge
Essential
- Significant experience working in a finance department of which some time should have been spent in a financial accounting role
- Significant experience in using financial systems
- A good working knowledge of accounting sub-systems including Accounts Receivable and Accounts Payable
- A good working knowledge and understanding of the use and purpose of cashbook accounts in the general ledger for recording cash transactions and reconciling to the bank accounts
Skills
Essential
- Understand the use and purpose of budgeting and variance analysis, and the concepts and methods used for financial reporting
- Understand and be able to apply accounting concepts and techniques in order to reconcile balance sheet codes
- Be able to prepare reports and investigate variances from the general ledger and asset database
Person Specification
Qualifications
Essential
- Educated to at least AAT Member level, degree level or have an equivalent level specialist knowledge and training through experience
- Qualified CCAB to Foundation Level
Desirable
Knowledge
Essential
- Significant experience working in a finance department of which some time should have been spent in a financial accounting role
- Significant experience in using financial systems
- A good working knowledge of accounting sub-systems including Accounts Receivable and Accounts Payable
- A good working knowledge and understanding of the use and purpose of cashbook accounts in the general ledger for recording cash transactions and reconciling to the bank accounts
Skills
Essential
- Understand the use and purpose of budgeting and variance analysis, and the concepts and methods used for financial reporting
- Understand and be able to apply accounting concepts and techniques in order to reconcile balance sheet codes
- Be able to prepare reports and investigate variances from the general ledger and asset database
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.
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
Additional information
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.
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
