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Band 4 Graduate Finance Trainee
Job purpose
This role is a training post within the finance department based in management accounts.
The trainee will be supported to achieve either a CIMA or ACCA qualification. Support will include financial support, time off for study and access to a mentor within the department.
The postholder will receive a wide variety of experience, to support them to apply for a substantive post with an NHS Trust on completion of the training scheme.
Main duties and responsibilities
Financial Management
The principle duty of the role will be to assist the Finance & Business Manager (Financial Management) in the provision of an expert management accounting service. During this role the trainee will acquire a broad range of practical management accounting experience.
Regular tasks and duties would include:
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Ensuring monthly accruals and prepayments are posted and accurate supporting documentation is maintained for these journals.
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Ensuring the budget statements are produced in line with the department’s monthly timetable.
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Access data from a variety of sources in order to produce variance analysis reports for budget holders and senior managers.
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Supporting the Assistant Director of Finance (Financial Management) in the production of the Finance Report to the Board
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Responding to queries from Budget Holders
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Ensuring that budgets are set in accordance with agreed business plans
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Assisting in the preparation of business plans, business cases and service change proposals, incorporating trend and risk analysis providing support to the decision making process across complex ranges of options.
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Assisting in the production of a monthly forecast of income and expenditure.
Financial Services
Whilst there is no specific placement within financial service, the trainee will be required to spend some time understanding the systems and processes which feed the ledger, and are the basis of management accounting. There will be occasional duties within the financial service section, which may include:
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Accurately and promptly completing reconciliations of suspense and control accounts
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Creditor invoice entry, invoice processing, purchase order processing and dealing with queries from suppliers.
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Raising invoices to debtors, collection of income and dealing with queries on outstanding debts
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Maintenance of cashbooks and cashflow forecasting
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Assisting in the preparation of the annual accounts
Education and Training/Self-Development
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Must be willing to study for and complete an appropriate CCAB qualification.
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Identify own training and development needs and undertake appropriate training/education as required.
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Participate in an annual individual performance review process where objectives will be agreed, performance monitored and personal development needs discussed.
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To attend all statutory and mandatory training as and when required to do so.
Further information
This job description is a reflection of the current position and is subject to review and alteration in detail and emphasis in the light of future developments.
The post holder will be expected to:
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Undertake professional training
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Share knowledge and best practice gained within the Department with other Finance colleagues
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Undertake specialist training on behalf of the Department where appropriate.
Health and safety
The postholder has personal responsibility for safety as outlined in the Trust's Safety Policy and in the Health and Safety at Work Act 1974.
Confidentiality
All information concerning patients and staff must be held in the strictest confidence and must not be divulged to any unauthorised person at any time, unless to do so is in the best interests of the individual. In this instance a Senior Manager should appropriately advise the post holder. A breach of confidentiality will result in disciplinary action being taken in accordance with the Trust's disciplinary procedure and may lead to dismissal.
The post holder's attention is also drawn to the Data Protection Act and the Computer Misuse Act.
No smoking
The Trust has implemented a No Smoking Policy, which applies to all staff.
Person Specification
Essential (E); Desirable (D); Application (A); Interview (I); Certificate (C); Excel Test (Ex), Presentation (P)
Qualifications and training
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Degree or equivalent (E, A & C)
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Degree in a Maths/ Business/ Finance discipline (E, A & C)
Experience
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Experience of working in a finance or healthcare role (D, A / I)
Knowledge & skills
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Time management & organisation skills (E, A / I, Ex, P)
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Analytical skills (E, A / I, Ex, P)
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Organisational skills (E, A / I, Ex, P)
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Communication and presentation skills (E, A / I, Ex, P)
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Influencing & negotiating skills (E, A / I, Ex, P)
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Good IT skills (E, A / I, Ex, P)
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Excellent spreadsheet skills (D, A / I, Ex, P)
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Excellent report and letter writing skills (D, A / I, Ex, P)
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Knowledge of accounting principles (D, A / I)
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Knowledge of financial systems (D, A / I)
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Knowledge of NHS Legislation (D, A / I)
Other
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Team player (E, A / I)
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Flexible (E, A / I)
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Customer focussed (E, A / I)
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Proactive & Assertive (E, A / I)
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Innovative (E, A / I)
Values and behaviours
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Put the patient first by being happy, helpful, caring, respectful and patient
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Always taking opportunities to improve, encouraging excellence
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Work as one team – communicate, collaborate and share
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Respect each other by being polite, pleasant and listening