Senior Financial Analyst

Job content

Senior Financial Analyst
To assist the Operational Managers of the Business Division in providing timely, relevant and accurate financial information in relation to both Clinical and Non-Clinical budgets, and to specifically identify financial pressures and variances within the reporting month.

Location: Birkenhead, Wirral

Temporary: Expected to last 6 months with possible extension

Hours per week: 37.5 hours per week

Salary:£14.95 to £18.09 per hour (Umbrella) or £13 to £15.66 per hour (PAYE inclusive of holiday)

Skills & Knowledge

• Knowledge of Financial, Accounting and NHS accounting procedures, policy and legislation.
• In depth knowledge of the Trust’s Standing Orders, Standing Financial Instructions, Code of Business Conduct and professional standards.
• Advanced Computer and Keyboard Skills to Advanced ECDL standard.
• Advanced use of General Ledger System and associated reporting packages, spreadsheets and databases.
• Intermediate level of theoretical knowledge required. CCAB Certificate Level / AAT Technician qualification (NVQ level 4) or equivalent.
• Ability to work to strict deadlines.
• Represents department and colleagues at forums e.g. IWP, Finance Training and Development Group.
  
  

Key Responsibilities And Duties

• Assist the Senior Financial Analyst (SFA) in the preparation of monthly budgetary information within agreed timescales enabling the Trust to meet its mandatory reporting deadlines and financial obligations.
• Deputise in the absence of the SFA.
• Ensure compliance with both internal and external audit and financial procedures, maintaining adequate audit trails.
• The production of the month end financial position ensuring all monthly adjustments are completed with detailed explanations regarding any variances.
• Plan tasks for the team so that all timetables are adhered to. Propose changes to practice to increase efficiency. Monitor the work of the team to ensure accuracy and efficiency.
• Provide assistance to the SFA and Operational Manager on a day to day basis.

• Responsible for providing accurate and timely information to Budget holders, colleagues and external organisations both verbally and electronically.
• Interrogate the general ledger to provide information to the SFA or budget holders. Ensure correct coding in the ledger to maintain the integrity of information.
• Deputise for the SFA.
• Delegate tasks to the Financial Analysts and support and assist when needed.
• Ensure all appropriate income is received within agreed timetables, and all expected expenditure is included in appropriate month’s accounts.
• Create new and streamlined reports via computer reporting tools for both management and directorate use and maintain and format complex spreadsheets and current databases.
• Arranging and chairing meetings with budget holders to provide advice and discuss budget management including current staff vacancies and any financial pressures.
• Prepare and input transaction journals into the computerised general ledger system, ensuring accurate financial data on a day to day basis, which requires long periods of intense concentration.
• Review and authorise the journals of the Financial Analysts prior to posting into the ledger.
• Advise colleagues and ward managers on the interpretation of Standing Financial Instructions and Standing Orders and ensure adherence to statutory requirements.
• Discuss complex and sensitive financial issues with non-financial managers for example costing of new staff and existing staff.
• Communicate with the budget holders investigating any variances queried.
• Dealing with External Organisations both asking questions and dealing with their queries.
• Communicating with other departments such as Human Resources, Payroll and Accounts Payable to ask appropriate questions in order to complete our month end accounts.
• Communicating with external organisations such as the Clinical Commissioning Groups, suppliers, etc.
• Ensure all unpaid invoices are included in the accounts within the correct financial year.
• Ensure both internal recharges and external invoices are raised and the appropriate adjustments are input into the computerised ledger system, in accordance with the strict monthly timetable.
• Ensure that monthly financial reports are produced and distributed to budget holders in a well presented and timely manner, and discuss any variances with the appropriate manager.
• Co-ordinate, attend and assist with the costing of stock takes and then to ensure the correct adjustment is made to the relevant accounts, adhering to strict audit requirements.
• Reconcile and correct when necessary the financial information in the ledger system to ensure the accuracy of the financial information held on the general ledger.
• Analyse complex financial information through interrogation of the general ledger and other ledger segments, then downloading such information into a spreadsheet format to present to non-financial managers for budgetary control purposes.
• Assist in the completion of year-end financial returns for government reports and ascertain figures required for directorate managers.
• Check own work and the work of the Financial Analysts for accuracy and ensure any adjustments have been entered into the ledger correctly, making any amendments as necessary.
• Using computer packages e.g. pivot tables and graphs in spreadsheets and Access Databases to look up and interrogate information.
• Maintain the client focused ethos of the team.