Financial Accountant

Health Jobs UK; City Of London; On-site; GBP 40,000 - 55,000; Full time

Job summary

A healthcare organization in London is seeking a Financial Accountant to manage reconciliations, prepare bank payments, and support the Senior Financial Accountant. Candidates should have experience in the finance sector, be familiar with financial systems, and possess AAT qualifications. This role offers an opportunity to contribute to important financial processes within a trusted institution.

Qualifications

• Educated to at least AAT Member level or equivalent.
• Significant experience in a finance department, especially in a financial accounting role.
• Good working knowledge of accounting sub-systems.

Responsibilities

• Export bank statements daily and post journals.
• Prepare and post income journals to Accounts Receivable.
• Reconcile Balance Sheet codes monthly.

Skills

Financial management

Reconciliation

Use of financial systems

Budgeting and variance analysis

Education

AAT Member level

CCAB to Foundation Level

Job description

Job overview

The Financial Accountant is responsible for undertaking reconciliations and preparing bank payments in conjunction with the Financial Accounts Manager and allocating of income. This post also provides cover for the Senior Financial Accountant.

Main duties of the job

• Export bank statements for input daily to post journals to the Cashbook Ledger.
• Prepare CHAPS and Foreign Payments as required.
• Prepare and post income journals to Accounts Receivable Ledger and General Ledger once all income has been agreed to invoices and/or general ledger codes. Journals must list all income received for the day and reconcile to the relevant bank statement.
• Set Up/Amendments and Removing of Standing Orders.
• Responsible for preparing and posting journals for cancelled cheques and recalled BACS.
• Reconciliation and preparation of schedules, for all payroll allowance and deduction schedules. Investigation and resolution of any queries or errors.
• Reconcile Balance Sheet codes monthly and ensure all queries are dealt with in a timely manner.

Working for our organisation

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.

Detailed job description and main responsibilities

• Financial management of the Childcare Nursery voucher scheme. Provide routine information to the payroll contractors and voucher providers in a timely and accurate manner. Reconciliation of deductions from salary, including the preparation of a payment schedule for submission to Accounts Payable for processing. Investigating and resolving queries from employee's, the payroll contractors, the voucher providers, and King's Nursery staff.
• Opening/ Amending Supplier accounts for Accounts Payable.

• Investigate any income received without a remittance advice, by searching the Accounts Receivable Ledger and liaising with the Accounts Receivable department, Income Accountant as well as customers and the bank to ascertain whether the money was owed to the Trust and if so, which invoices are being paid.
• Responsible for maintaining the Losses and Compensation Register.
• To update, maintain and deal with queries relating to Salary Overpayments and Salary Sacrifice scheme so far as it relates to the Financial Accounting function.
• Input information monthly/quarterly to the Trust's Fixed Asset Register.
• To assist in the preparation and implementation of the statutory annual accounts at the appropriate level for the post.

Please refer to the job description for full details.

Person specification

Qualifications

Essential criteria

• Educated to at least AAT Member level, degree level or have an equivalent level specialist knowledge and training through experience
• Qualified CCAB to Foundation Level

Desirable criteria

• ECDL qualification

Knowledge

Essential criteria

• Significant experience working in a finance department of which some time should have been spent in a financial accounting role
• Significant experience in using financial systems
• A good working knowledge of accounting sub-systems including Accounts Receivable and Accounts Payable
• A good working knowledge and understanding of the use and purpose of cashbook accounts in the general ledger for recording cash transactions and reconciling to the bank accounts

Skills

Essential criteria

• Understand the use and purpose of budgeting and variance analysis, and the concepts and methods used for financial reporting
• Understand and be able to apply accounting concepts and techniques in order to reconcile balance sheet codes
• Be able to prepare reports and investigate variances from the general ledger and asset database

IMPORTANT

• Check your email account regularly as this is how we will communicate with you
• If you delete the job from any of your accounts, you may be prevented from accessing further communications
• To enquire about your application or inform us of any changes in your circumstances, please contact the named person on this advert
• Please provide email addresses for referees where possible
• Click here to see the range of benefits we offer
• Please review the documentation on our recruitment microsite, particularly the Trust's criminal records checking policy
• All staff have a responsibility for safeguarding children and vulnerable adults and for ensuring they are aware of the specific duties relating to their role.
• Please note that the closing date is given as a guide. On occasion, we might close a vacancy early due to a high number of applications being received. You are advised to submit your application as early as possible to avoid disappointment.

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King's College Hospital is part of King's Health Partners Academic Health Sciences Centre (AHSC), a pioneering collaboration between King's College London, and Guy's and St Thomas', King's College Hospital and South London and Maudsley NHS Foundation Trusts.

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Documents to download

• Job Description and Person Specification ( PDF , 344.4 KB )
• Secondment Pledge ( PDF , 144.6 KB )
• Denmark Hill Site Map ( PDF , 1.2 MB )
• Visa and Sponsorship Information ( PDF , 344.6 KB )