Financial Management Transaction Officer - London, United Kingdom - King's College Hospital NHS Foundation Trust

King's College Hospital NHS Foundation Trust

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

The Income and Costing Analyst will be an integral part of the Income and Costing team, providing high quality and timely financial advice and support to multidisciplinary Divisional and Directorate teams (including clinicians, ward managers and budget holders) to enable the delivery of the Trust's financial objectives.

The role will provide support to both the Income and Costing teams, although the majority of work will be with the income team.

The Income team is responsible for: financial aspects of the Trust's Income strategy, liaising with external stakeholders, in particular NHSE, acute commissioners and Health Education England and working with the central information and contracts teams to use and turn hospital data into intelligence that facilitates the measurement of financial performance and strategy for clinicians and business partners.

The Costing team is responsible for: providing a regular and timely patient level information costing system (PLICS) and service line reporting information (SLR) to the Trust.

Financial Objectives:

Generating and producing monthly budget statements and financial reports, in accordance with the Trust agreed timetables and departmental policies and procedures.
To participate in and coordinate the setting of the income budgets
To assist in the training of budget holders and managers in budgetary management and control.
To assist in the training and development of individuals within MI&A team.
The post holder will provide support to the Finance Business Partner
Income and senior MI&A team as part of both businessasusual financial reporting and specific projects.
Crossdivisional working will be a key part of this role and the postholder will be required to undertake regular or adhoc pieces of work across the Trust.
Working in conjunction with the Costing analyst to allow a sharing of knowledge, processes and experiences.

King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1 billion, 1.5 million patient contacts a year and more than 15,000 staff based across South East London.

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.

Leadership

Be a role model in how to provide a customer focused, high quality service to managers, directors, clinicians and finance business partners
Work with colleagues in MI&A, Contracting, Costing and information/performance management to ensure the Trust has coherent integrated information, analysis and plans.
Develop and maintain an understanding of the Trust's accounting processes and procedures and financial systems.
Lead the implementation of actions in response to recommendations from Internal Audit for the enhancement of internal controls and procedures in own areas of responsibility.
Develop a comprehensive knowledge of national accounting standards and a good understanding of financial and other NHS legislation, NHS finance policies and initiatives relating to the NHS financial regime.
Ensure that robust, accurate and timely core financial data is provided that meets internal and external month end/ year end deadlines.
Develop strong relationships and regular communications with all Trust finance managers to ensure they are informed of any data quality issues relating to the financial position of the Trust, new national guidance and policy issues, etc. and to provide them with clear guidance as appropriate.

Financial Management and Analysis

Review financial transactions to ensure that they have been correctly processed and recorded to meet audit requirements.
Leading on invoicing commissioners and funders, maintaining databases, producing reconciliations and resolving queries.
Participate in the NHS agreement of balances exercise, preparing schedules and resolving queries.
Manage the monthly reconciliation of budget movements, forecast movement