Job summary
The post holder will support the Associate Director of Finance - financial services to deliver all aspects of the service area financial accounts.
The post holder will ensure that the banking service to the Trust is provided accurately and efficiently. To maintain the Trust's cash book, reconciling bank statements, producing daily cash flow forecasts and investing temporary cash surpluses.This involves ensuring all work is carried out in an efficient and effective manner and that work practices conform with appropriate statutory regulations, standing financial instructions and other laid down internal procedures.To assist in the continuous maintenance of the integrity of the Trust General Ledger and to communicate with the members of the Finance Department and other departments to maintain the integrity of the ledgers.
To assist in the production of performance monitoring information such as Board reporting, statutory accounts, and external returns.
Main duties of the job
The post holder will report to the Deputy Financial Controller.
The key result areas:
Daily record of all receipts, payments and bank statements and daily reconciliation of all bank statemen
Daily update of the Trust's cash position and forecast of immediate and short-term cash requirements.
Responsible for liaising with the Trust's commercial bankers and the Government Banking Service on a daily basis, ensuring up to date statement and forecast figures are obtained for efficient management and control of the Trust's accounts.
About us
Barts Health is one of the largest NHS trusts in the country, and one of Britain's leading healthcare providers.
The Barts Health group of NHS hospitals is entering an exciting new era on our improvement journey to becoming an outstanding organisation with a world-class clinical reputation. Having lifted ourselves out of special measures, we now have the impetus and breathing space to chart a fresh course in which we are continually striving to improve all our services for patients.
Our vision is to be a high-performing group of NHS hospitals, renowned for excellence and innovation, and providing safe and compassionate care to our patients in east London and beyond. That means being a provider of excellent patient safety, known for delivering consistently high standards of harm-free care and always caring for patients in the right place at the right time. It also means being an outstanding place to work, in which our WeCare values and behaviours are visible to all and guide us in how we work together.
We strive to live by our WeCare values and are committed to promoting inclusion, where every staff member has a sense of belonging. We value our differences and fully advocate, cultivate and support an inclusive working environment.
Job description
Job responsibilities
Operational Responsibilities
1) Responsible for investing cash with institutions authorised by the DHSC, in line with the Trusts Investment Policy, and using daily bank information and up to date cash flow forecast to determine cash surplus available and potential investment period, in order to maximise interest income for the Trust.
2) Responsible for the electronic loading of all bank statements to the Cash Management system on a daily basis.
3) Responsible for the daily reconciliation of the bank statements to the Accounts Receivable and Accounts Payable ledgers, investigating any items that appear on the statement but not on the ledger, and taking appropriate action in liaison with AP and AR staff to ensure adjustments are input for these items.
4) Responsible for the maintenance of up to date signatures and other details on the bank mandates.
5) Responsible for the maintenance of all records in regard to banking information, to ensure relevant information is readily available when required.
6) Keep the Trust's Managers and staff informed of any matters which affect them operationally.
7) Assist in developing, documenting and implementing new procedures within Banking Administration which may arise from the introduction of new regulations, legislation or from revised organisational arrangements.
8) Responsible for ensuring all cash is recorded and identified within the special timetable set at Year End.
Job description
Job responsibilities
Operational Responsibilities
1) Responsible for investing cash with institutions authorised by the DHSC, in line with the Trusts Investment Policy, and using daily bank information and up to date cash flow forecast to determine cash surplus available and potential investment period, in order to maximise interest income for the Trust.
2) Responsible for the electronic loading of all bank statements to the Cash Management system on a daily basis.
3) Responsible for the daily reconciliation of the bank statements to the Accounts Receivable and Accounts Payable ledgers, investigating any items that appear on the statement but not on the ledger, and taking appropriate action in liaison with AP and AR staff to ensure adjustments are input for these items.
4) Responsible for the maintenance of up to date signatures and other details on the bank mandates.
5) Responsible for the maintenance of all records in regard to banking information, to ensure relevant information is readily available when required.
6) Keep the Trust's Managers and staff informed of any matters which affect them operationally.
7) Assist in developing, documenting and implementing new procedures within Banking Administration which may arise from the introduction of new regulations, legislation or from revised organisational arrangements.
8) Responsible for ensuring all cash is recorded and identified within the special timetable set at Year End.
Person Specification
Experience
Essential
- Experience within finance: including experience of working with maintenance of cashbooks and ledgers
- Detailed understanding of the importance of financial controls and the use of control accounts
- Use of finance systems
- 3 years finance experience, including financial accounting
Knowledge
Essential
- Working knowledge of double-entry book-keeping
Desirable
- Related knowledge about other NHS funding and regulation (NHSI/E, ICB, Local Authority)
Qualifications
Essential
- Educated to Degree Level or equivalent experience.
Desirable
- Willingness to work towards a CCAB Qualification
Skills
Essential
- Prioritisation skills with ability to plan own workload, including the ability to work to strict deadlines and ability to work on own initiative
- Highly competent in working with computerised financial systems and Microsoft Office (especially Excel and Outlook).
- Able to work with non-finance managers, act as a 1st point of contact for financial or capital control.
- Excellent numerical, written, and verbal skills
- Excellent interpersonal and team player skills
Desirable
- Confident to work with and manipulate complete data for findings and useful information which inform decision making.
- Ability to produce narrative reports highlighting key financial issues.
Others
Essential
- Highly developed analytical and problem-solving skills will be required to enable assessment and assimilation of complex and varied financial information.
- Professional pro-active attitude and self-motivated
Person Specification
Experience
Essential
- Experience within finance: including experience of working with maintenance of cashbooks and ledgers
- Detailed understanding of the importance of financial controls and the use of control accounts
- Use of finance systems
- 3 years finance experience, including financial accounting
Knowledge
Essential
- Working knowledge of double-entry book-keeping
Desirable
- Related knowledge about other NHS funding and regulation (NHSI/E, ICB, Local Authority)
Qualifications
Essential
- Educated to Degree Level or equivalent experience.
Desirable
- Willingness to work towards a CCAB Qualification
Skills
Essential
- Prioritisation skills with ability to plan own workload, including the ability to work to strict deadlines and ability to work on own initiative
- Highly competent in working with computerised financial systems and Microsoft Office (especially Excel and Outlook).
- Able to work with non-finance managers, act as a 1st point of contact for financial or capital control.
- Excellent numerical, written, and verbal skills
- Excellent interpersonal and team player skills
Desirable
- Confident to work with and manipulate complete data for findings and useful information which inform decision making.
- Ability to produce narrative reports highlighting key financial issues.
Others
Essential
- Highly developed analytical and problem-solving skills will be required to enable assessment and assimilation of complex and varied financial information.
- Professional pro-active attitude and self-motivated
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).
