Lead Financial Accountant

Lincolnshire Community Health Services NHS Trust

Sep 9

Applications are closed

Job
Full-time
Senior & Expert Level
Lincoln

Requirements

- Lincolnshire Community Health Service requires all staff to safeguard children, young people and adults. All staff are required to access the organisational policies, also the Local Safeguarding Children Board and the Local Safeguarding Adults Board policies and procedures that underpin the safeguarding agenda. The safeguarding policies to be followed are found at www.lincolnshirecommunityhealthservices.nhs.uk and www.lincolnshire.gov.uk
- LCHS policies, procedures and guidelines - It is a condition of your employment that as an employee you are expected to adhere to our policies, procedures and guidelines. These can all be found on the Trusts website.
- To complete internal financial reports, particularly to the Trust Board, in line with the Trust reporting timetables
- To complete external financial returns to the NHS England, as per national timetables
- To coordinate the completion of interim annual statutory accounts in accordance with International Financial Reporting Standards (IFRS)
- To coordinate, through close liaison and planning, the work of colleagues outside the Finance Team in support of the internal financial reporting, external reporting and statutory accounts
- Provide information and replies to queries raised by both internal and external auditors. Prepare information to respond to audit reports relating to areas of responsibility and assist in the implementation of audit recommendations
- To provide technical financial expertise to ensure compliance with relevant legislation, regulations, policy and good practice
- To continuously improve the financial systems and processes of the Trust to ensure good governance, stewardship, sound controls and cost effectiveness
- To assist in the forecasting and management of cash requirements through coordination and monitoring of Trust working capital balances
- To maintain responsibility for reviewing and monitoring of systems in order to assist in achieving prompt payment of creditor invoices
- To ensure the accurate and timely reporting of Cost Improvement Plans to Trust Leadership Team, Board, and subcommittees
- To coordinate capital accounting and maintaining the fixed asset system
- To act as the key expertise in procurement matters for the Trust
- To support, develop and train Trust managers in good financial stewardship
- Managing the investments and the whole treasury management process ensuring that the highest return is achieved
- Coordinating the production of the various papers for the Audit Committee, Finance, Performance & Investment Committee, and Trust Board within the prescribed timetable
- Lead and champion the Finance & Business Intelligence priorities and objectives, ensuring that professional contribution is clearly aligned to Trust priorities and objectives
- Provide professional leadership, advice and information on business and marketing matters; including providing expert advice and support on complex matters, enhancing external links for professional issues and raising the Trusts profile
- To establish close relationships with key stakeholders to lead, shape and support implementation of both internal and external LCHS Strategy
- To write, compile and deliver executive board reports, committee reports and assurance reports to various board and committees as required, ensuring the highest level of accuracy
- To lead an approach that has customer/service user/carer focus at its very heart

Responsibilities

- To complete internal financial reports, particularly to the Trust Board, in line with the Trust reporting timetables
- To complete external financial returns to the NHS England, as per national timetables
- To coordinate the completion of interim annual statutory accounts in accordance with International Financial Reporting Standards (IFRS)
- To coordinate, through close liaison and planning, the work of colleagues outside the Finance Team in support of the internal financial reporting, external reporting, and statutory accounts
- Provide information and replies to queries raised by both internal and external auditors. Prepare information to respond to audit reports relating to areas of responsibility and assist in the implementation of audit recommendations
- To provide technical financial expertise to ensure compliance with relevant legislation, regulations, policy, and good practice
- To continuously improve the financial systems and processes of the Trust to ensure good governance, stewardship, sound controls, and cost effectiveness
- To assist in the forecasting and management of cash requirements through coordination and monitoring of Trust working capital balances
- To maintain responsibility for reviewing and monitoring of systems in order to assist in achieving prompt payment of creditor invoices
- To ensure the accurate and timely reporting of Cost Improvement Plans to Trust Leadership Team, Board, and subcommittees
- To coordinate capital accounting and maintaining the fixed asset system
- To act as the key expertise in procurement matters for the Trust
- To support, develop and train Trust managers in good financial stewardship
- Managing the investments and the whole treasury management process ensuring that the highest return is achieved
- Coordinating the production of the various papers for the Audit Committee, Finance, Performance & Investment Committee, and Trust Board within the prescribed timetable
- Lead and champion the Finance & Business Intelligence priorities and objectives, ensuring that professional contribution is clearly aligned to Trust priorities and objectives
- Provide professional leadership, advice and information on business and marketing matters; including providing expert advice and support on complex matters, enhancing external links for professional issues and raising the Trusts profile
- To establish close relationships with key stakeholders to lead, shape and support implementation of both internal and external LCHS Strategy
- To write, compile and deliver executive board reports, committee reports and assurance reports to various board and committees as required, ensuring the highest level of accuracy
- To lead an approach that has customer/ service user/carer focus at its very heart

FAQs

What are the key responsibilities of the Lead Financial Accountant?

The Lead Financial Accountant is responsible for completing internal financial reports, coordinating statutory accounts, responding to audit queries, providing technical financial expertise, improving financial systems and processes, managing investments, and developing financial stewardship among Trust managers.

Is safeguarding a part of the Lead Financial Accountant's role?

Yes, all staff, including the Lead Financial Accountant, are required to safeguard children, young people, and adults as part of their employment.

What qualifications or expertise are required for this position?

The role requires technical financial expertise to ensure compliance with legislation and good practice, as well as a strong understanding of financial reporting and statutory requirements, particularly International Financial Reporting Standards (IFRS).

Will the Lead Financial Accountant be involved in audits?

Yes, the Lead Financial Accountant will provide information and replies to queries raised by both internal and external auditors and will assist in implementing audit recommendations.

Are there opportunities for professional development in this role?

Yes, the Lead Financial Accountant is expected to support, develop, and train Trust managers in good financial stewardship, which includes opportunities for professional growth.

Is the Lead Financial Accountant responsible for managing the Trust's treasury process?

Yes, managing investments and the treasury management process to ensure the highest return is a key responsibility of the Lead Financial Accountant.

Will the Lead Financial Accountant need to collaborate with other teams?

Yes, the role includes coordinating work with colleagues outside the Finance Team in support of financial reporting and other responsibilities.

Are there specific financial systems that the Lead Financial Accountant will be expected to improve?

Yes, the Lead Financial Accountant is expected to continuously improve financial systems and processes to ensure good governance, stewardship, sound controls, and cost effectiveness.

What is the expected involvement of the Lead Financial Accountant in preparing reports for the Trust Board?

The Lead Financial Accountant will compile and deliver executive board reports, committee reports, and assurance reports to various boards and committees, ensuring high levels of accuracy.

How important is stakeholder engagement for this role?

Stakeholder engagement is crucial, as the Lead Financial Accountant is expected to establish close relationships with key stakeholders to lead and support the implementation of LCHS Strategy.

Lincolnshire Community Health Services NHS Trust

NHS community healthcare and healthy lifestyle services for the people of Lincolnshire. Great care, close to home.

Science & Healthcare

Industry

1001-5000

Employees

2011

Founded Year

Mission & Purpose

Lincolnshire Community Health Services NHS Trust delivers a range of community-based healthcare services across Lincolnshire. Their mission is to provide high-quality, patient-centered care in the community, including services such as district nursing, health visiting, and specialist clinics. They aim to enhance health and well-being by focusing on accessible, personalized care and promoting health within local communities.