Band 7 Senior Management Accountant - PPU
Job overview
This role is for a skilled and experienced accountant seeking a position beyond that of a normal NHS finance role. The individual will be responsible for supervising and hands on delivery of timely, complete, and accurate results, plans,, insights and support on the finances and accounts of the Private Patients Unit (PPU) at the Royal Free NHS FT.This includes implementation of the financial close/period end processes, management accounts preparation/presentation, budgeting/forecasting, finance business partnering, costing , pricing/tariff analysis including price quotations support (Self pay, Private Medical Insurance & Embassy), team supervision/management and day to day financial support with patient/payer/provider matters.
The individual will be a senior member of the PPU finance team and will report to the Associate Director of Commercial Finance.
The Royal Free London Private Patients Unit (PPU) is part of the Royal Free London NHS Foundation Trust. It combines the convenience, comfort, and personalised care of a private hospital with the state-of-the-art services, technology and professional excellence that would be expected from a top London teaching hospital.It provides care to non-NHS national and international patients and all profit generated is reinvested into the trust
Main duties of the job- · To lead and take complete ownership of the month end process for the Private Patients Unit, ensuring the financial position is complete and accurate and finalised in a timely manner. This includes preparing all journals, prepayments, accruals etc.
- To prepare appropriate financial reports to set timelines with written analysis / commentaries for the various service line senior managers enabling them to manage their areas of the business, analysing reasons for under / over performance and ensuring that the likely full year outcome is well explained.
- To manage all costing and pricing activities for the Private Patients unit, including proposals for new business and ongoing service pricing.
- Oversee the management of Private Medical Insurance (PMI), self-pay, and embassy tariffs, actively contributing to contract negotiations.
- To provide direct line manage the credit control, treasury and billing supervisors ensuring all deadlines are met whilst completing work to a high standard
- To business partner with other departments within PPU and the Trust and to help teams manage their budgets.
- · To lead budget holder meetings ensuring the department fully understands their budgets, expenditure and income.
- To manage and oversee day to day patient and consultant related queries
Working for our organisation
Our trust has over 17,000 staff serving 2 million patients every year. It comprises Barnet Hospital, Chase Farm Hospital, the Royal Free Hospital, North Middlesex University Hospital and more than 30 services in the community. This larger scale organisation provides an unprecedented opportunity for us to continue our pioneering work, particularly in finding ways to deliver even better care to our patients.
Our mission is to deliver world class care and expertise in our clinical services, underpinned by world class teaching and research and we will continue to measure our progress against our five governing objectives: excellent outcomes, excellent patient and staff experience, excellent value for taxpayers’ money, being safe and meeting our external duties, and building a strong organisation.
Everyone is welcome at Royal Free London NHS Foundation Trust. We're proud of our diversity and we continue to undertake new initiatives to advance equality for LGBT+, BME, gender equality, staff carers and people with disabilities and lived experiences to promote good relations and understanding between our staff.
Detailed job description and main responsibilities
Please see attached job description for more information about this role and working at Royal Free London NHS Foundation Trust.
Person specification
Experience
Essential criteria- Qualified CCAB or equivalent
Experience
Essential criteria- Financial Reporting and analysis
Experience
Desirable criteria- Experience of working in private healthcare
Knowledge
Desirable criteria- Thorough experience and up to date knowledge of IFRS accounting standards and internal financial controls
Disposition and Attributes
Essential criteria- Ability to work under pressure and meet objectives with conflicting deadlines
Disposition and Attributes
Essential criteria- Treats others with Integrity and respect
Experience
Essential criteria- Experience of line management of staff
Experience
Desirable criteria- Costing, business cases and tariff management
Experience
Essential criteria- Financial planning and forecasting to deliver targets