Management Accountant

An exciting opportunity has arisen at Liverpool Women's Hospital for a Management Accountant within the Gynaecology Division and Digital Services. This is a key role providing financial input, advice and support, ensuring the delivery of month end reporting and Cost Improvement Plan analysis. The role offers the opportunity to thrive and develop within a supportive finance team, as well as contribute to improving the efficiency and offering of the Finance team function to the organisation., + Work with the Finance Business Partners to help provide an outstanding management accounting service
+ Ensure accurate and timely monthly management accounting information is produced and clearly reported, with the key expenditure variances appropriately analysed and presented.
+ Identify, design, and implement procedural changes within own area and within agreed level of authority.
+ Support budget managers in identifying financial trends & KPIs. Develop, implement, and monitor solutions to address adverse variances. Assisting budget holders to manage their Directorate risks, pressures and expected outturns.
+ Respond to routine queries and provide advice relative to own area of expertise., + Develops in association with budget holders annual budgets with agreed principles and timetables, identifying cost pressures, service developments and cost improvements and subsequently works with them to control expenditure within allocated resources
+ Responsible for ensuring that tasks required to complete monthly financial reports are undertaken to time and required standards and undertakes initial review and analysis of divisional departments financial position to provide briefing to Finance Business Partner on key financial issues.
+ To provide monthly statements and other relevant financial information to Trust Divisions and service lines, according to agreed timetables, together with appropriate interpretation and advice.
+ To investigate and report significant budgetary variances and costs to both the Finance Business Partner and budget holder, discussing the necessary remedial action as appropriate and keeping logs of agreed actions to monitor their implementation.
+ To design, format and maintain accurate calculations of accruals and prepayments and ensure they are correctly recorded on the financial ledger.
+ Analyses the financial position of Divisional Budgets to advise the Finance Business Partner on potential risks and opportunities including the maintenance of rolling forecasts of divisional financial performance and when required establishment and monitoring of financial recovery plans
+ To work with the Finance Business Partner and budget holders to ensure all necessary year-end transactions are completed according to the timetable set out by the Financial Controller.
+ To develop an understanding of the impact of service line reporting to be able to assess the impact on income and expenditure of any in-year changes in activity levels resulting from changes in referral patterns and or capacity.
+ To liaise with Human Resources, Payroll and Procurement in the maintenance of financial controls relating to workforce establishment and procurement of goods and services.
+ To maintain accurate financial records of staff in post and to ensure that budget managers receive this information on a monthly and ad-hoc request basis.
+ To ensure that all expenditure items incorrectly coded for payment purposes are dealt with promptly. Thereafter to advise budget holders on the use of correct financial codes and to ensure their coding structures are appropriate for their needs.
+ To maintain a record of regular recharges and raise invoice requests promptly for income which is due from external organisations, in accordance with the Standing Financial Instructions and internal procedures and support the collection of values owed through provision of information and liaison with customers where necessary.
+ To keep accurate and orderly documentation to support financial transactions such as journals, budget adjustments and invoice requests. Documentation to be kept easily accessible for other members of staff.
+ Facilitates the identification of an ongoing programme of efficiency savings from direct divisional and corporate department budgets and services received and provided by the division/department and subsequently monitors delivery.
+ Undertakes tender evaluations advising of the financial implications to budget holders and Finance Business Partner as required.
+ Utilises information systems to create standard and ad hoc reports to facilitate the understanding of budget holders of their financial position and its correlation or otherwise with the activities undertaken.
+ Supports the Finance Business Partner in the delivery of their responsibilities
2. Service Developments/Disinvestments and Costing
+ To provide Trust Managers and budget holders staff costings as necessary for recruitment purposes. All costings to be calculated using the latest employer national insurance and superannuation information.
+ Assists in the development of operational plans assessing the implications on both income and expenditure to facilitate the development of service operational plans.
+ Supports Finance Business Partner in the development, appraisal and implementation of divisional business cases
+ Assists in the analysis and review of allocation of costs to product or service lines to support reference cost submissions and service line reporting liaising with Managers, and Information staff in their formulation and review.
+ Support modelling the financial consequences to the Trust of service redesign.
+ Supports managers in the negotiation of contracts for services provided or received.
3. Statutory Accounting and Governance
+ Promotes within the Division an understanding of and compliance with Trust Standing Orders and Standing Financial Instructions and Scheme of Delegation
+ To comply with Standing Financial Instructions, Standing Orders and audit requirements, providing appropriate advice to the Trust's Directorates as necessary.
+ Contributes to the production of the statutory accounts through ensuring accounting transactions supporting the reporting of Divisional positions comply with recognised professional standards and guidance including IFRS and undertaking specific tasks to the required timescales and quality specified by the Financial Controller.
+ To ensure budget holders and managers have an awareness of financial performance requirements, including the need for budgetary control and adherence to SFIs, and to provide training where necessary.
4. Training and Development
+ Delivers and facilitates training sessions for non-finance staff within the Division so as to develop understanding of the financial framework and issues within which services operate.
+ Responsible for the professional development of one member of staff, the Finance Support Officer and through appraisal and development sessions.
+ Provide training within own areas of work to junior staff members to enable development in accordance with KSF outline.
+ Maintains and evidences CPD requirements of professional body with whom post holder is registered.
5. Other
+ Deputies for the Finance Business Partner at internal and external meetings.
+ Participates on behalf of finance department in ad hoc multi-disciplinary project groups involving Clinicians, Directors, and Service Managers.
+ To oversee the work of the Finance Support Officer
+ Maintain effective working relationship with members of the Finance Directorate, staff within the organisation and external contacts in order to deliver a professional service focused on achieving the production of management accounts and provision of financial advice.
+ To continually review, recommend and implement changes to financial processes and procedures within the Trust.
+ To keep technically up-to-date and maintain, as appropriate, a continuing professional development plan.
+ To respond to requests for information and queries from budget holders in a timely and professional manner.
+ To undertake any other duties commensurate with grade as requested.
Liverpool Women's NHS Foundation Trust has a responsibility and is committed to safeguarding and promoting the welfare of children, young people and vulnerable adults and for ensuring that they are protected from harm. Every employee of the Trust has a responsibility and is duty bound always to act in the best interest of a child or adult about whom we may have concerns.
Trust policy requires the cost of DBS applications be recovered via salary. The amount of £21.50(standard) or £41.50(enhanced) can be deducted from salary, in manageable monthly instalments for up to 3 months following commencement in post.
The Trust is committed to creating a well-managed,flexible working environment that supports staff & promotes welfare & development. We are committed to promoting equality and diversity;we value the contribution of individual talent, skills, knowledge and experience and aim for a workforce demography representative of the local community.We operate Zero Tolerance to aggression, violence, bullying and harassment.We will make reasonable adjustments to ensure our recruitment & selection process is accessible to all.Flexible Working applications will be considered.
If you are disabled and have special support needs in applying for a job, attending for an interview or in undertaking any tests as part of a selection process, please contact the Trust's recruitment team on and someone from that team will ensure that the recruiting manager is aware of your particular needs.
Please Note:new entrants to the NHS will normally commence on the first paypoint of the relevant band.
LWH has a responsibility & is committed to safeguarding & promoting the welfare of children, young people & vulnerable adults & for ensuring that they are protected from harm. Every employee of the Trust has a responsibility & is duty bound always to act in the best interest of a child or adult about whom we may have concerns.
Liverpool Women's Hospital is committed to having a workforce that is representative of the communities we serve. To this end, we particularly welcome applicants from racially minoritised backgrounds, who have a disability, or are members of the Armed Forces, Reservists or Veterans.

The post holder should possess excellent communication skills and have the ability to build relationships with and influence stakeholders.
Previous financial management experience and excellent IT skills are essential, along with strong analytical and problem-solving credentials.

Liverpool Women's delivers the highest standards of care for women, babies and their families. Each year we deliver over 8,300 babies, carry out over 10,000 gynaecological procedures, and care for over 1,000 poorly and preterm newborns, making us the specialist provider of health services for women, babies and their families in Europe.
We have some of the leading experts in their field, and, after featuring on One Born Every Minute, Miracle Babies and Special Baby Unit, our teams are famous across the world for their professionalism, skill and compassion.
Liverpool Women's Hospital clinical services are currently being reviewed by NHS Liverpool Clinical Commissioning Group, following work done by our clinicians in presenting a powerful case for change in the Future Generations Strategy.
A useful information booklet is available about the proposed changes which can be downloaded from the Healthy Liverpool website facebook.com/healthylvpool. This booklet clearly states that 'there is absolutely no threat to the services themselves - this is about making what we have even better and protecting services for the future'.
Liverpool Women's has an excellent reputation and is a centre of excellence. It is an exciting environment to work in and a great place to develop your career for many years to come.
We invite you to review why Liverpool Women's Hospital is a great place to work: https://vimeo.com/556197652
We reserve the right to close any vacancies from further applications when we have received sufficient applications from which to make a shortlist. Please ensure you apply without delay if you wish to be considered for this role., Liverpool Women's NHS Foundation Trust delivers the highest standards of care for women, babies and families. Each year we deliver over 7,500 babies, carry out over 49,000 gynaecological inpatient and outpatient procedures, care for over 1,000 poorly & preterm newborns, perform around 1,000 IVF cycles and have over 4,000 genetic appointments taking place. We believe that this along with a strong dedication to research & innovation makes us the specialist health provider of choice in Europe for women, babies and families.
We have some of the leading experts in their field, which has been showcased on national TV and news, making our teams famous across the world for professionalism, skill & compassion.
The Trust is constantly innovating and evolving it's services to provide the most cutting edge and modern care possible. As well as developing services on our current site we have long-term aspirations for the future. We have recently launched a number of new strategies which provide a detailed long-term plan for our services.
Check out why Liverpool Women's NHS Foundation Trust is a great place to work using the links below:
Video: https://vimeo.com/556197652
Online brochure: https://www.liverpoolwomens.nhs.uk/media/4121/recruitment-pack-great-place-to-work-16pp-v4-final.pdf