The Management Accountant role at South London and Maudsley NHS Foundation Trust in Croydon focuses on delivering timely and accurate financial information to budget holders and senior management, enabling non-finance managers to meet performance targets. Reporting to the Finance Business Partner, the Accountant will manage stakeholder relationships, provide financial advice to managers and researchers, and assist with financial costing and monitoring of R&D projects. The position also involves preparing monthly trust accounts, conducting budgetary control reports, analyzing variances, and ensuring compliance with external reporting requirements.
In addition, the Management Accountant will participate in the costing and pricing of the Trust's activities, support business plan development, and oversee the invoicing of research-related funding. The role requires the ability to work independently, manage complex financial workloads, and liaise with various internal and external parties. Currently, the position is fully remote, with potential for a hybrid working arrangement post-pandemic.
In addition, the Management Accountant will participate in the costing and pricing of the Trust's activities, support business plan development, and oversee the invoicing of research-related funding. The role requires the ability to work independently, manage complex financial workloads, and liaise with various internal and external parties. Currently, the position is fully remote, with potential for a hybrid working arrangement post-pandemic.
The R&D Management Accountant is responsible for providing timely and accurate management information to the Trust's budget holders and senior management ensuring that the data is understood and used by non-finance managers allowing them to meet their own performance targets.
They will work with minimal supervision, under the direction of the Finance Business Partner to carry out these duties and maintain high levels of satisfaction with a range of stakeholders, including budget holders, PIs, Researchers and colleagues around the Finance department.
They will be involved to provide robust financial costing and monitoring of R&D projects undertaken within the Trust.
To work closely with the Joint R&D Office at the Institute of Psychiatry, Psychology, and Neuroscience (IoPPN) and other research partners. To provide financial advice and guidance to Managers , Research Clinicians and Administrators within the Trust and its Research Partners. They will be involved to assist in production of all external R&D related reporting requirements, including financial statements to NIHR (ASTOXs) and CRN and for other research related projects.
- Support the Finance Business Partner, ensuring the effective provision of a comprehensive management accounting service.
- Working closely with the Financial Services Team to prepare the monthly trust accounts in line with requirements as set out by the Associate Directors of Financial Services and Operational Finance
- Producing accurate and timely budgetary control reports.
- Undertake regular meetings with budget holders, PIs and Researchers (without supervision) to review accounts and support their understanding of the financial position
- Investigating and analysing variances from budget and reporting and explaining these to budget holders and other senior managers.
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- Support the Finance Business Partner, ensuring the effective provision of a comprehensive management accounting service.
- Working closely with the Financial Services Team to prepare the monthly trust accounts in line with requirements as set out by the Associate Directors of Financial Services and Operational Finance
- Producing accurate and timely budgetary control report
- Undertake regular meetings with budget holders, PIs and Researchers (without supervision) to review accounts and support their understanding of the financial position
- Investigating and analysing variances from budget and reporting and explaining these to budget holders and other senior managers.
- Participation in the costing and pricing of the Trusts activity.
- Reviewing financial transactions to ensure that they have been correctly processed and recorded.
- Produce accurate year end forecasts.
- Produce monitoring returns to external bodies as and when required.
- Assisting managers in developing business plans for their areas of responsibility.
- To liaise with internal departments and external agencies to obtain relevant information in a timely manner.
- Support Finance Business Partner, with preparation of a monthly financial accounts and forecast, including journal preparations for accruals, adjustments, coding and budgets changes.
- Involved in costing R&D projects, analysing existing projects and reporting to internal and external organisations.
- Monitoring and invoicing all research related funding income.
- Involved with the preparation of all statutory reporting of R&D Projects, including CRN and ASTOX-NIHR annual reports.
- Maintain adequate records for audit purposes.
- To ensure work structure information (ESR) reconciles with budgets and ensure the efficient processing of authorisation requests on the Trust recruitment system (currently TRAC)
- Ensure the budget is kept updated for alterations throughout the year in line with budget rules and Standing Financial Instructions.
- Work through complex financial and non-financial workloads with minimal supervision or support
- To manage stakeholder expectations and satisfaction, engaging with a range of internal and external customers with different backgrounds and sometimes competing objectives
- Assisting in other ad-hoc financial exercises as required.
- Undertake any other duties applicable to the grade/post as required.
- This post involves the use of display screen equipment as a significant part of normal works and the job holder will be a user as defined in the Health & Safety Policy on work with DSE.
- This post currently involves working from home full time with Trust provided equipment. Post-pandemic, it may be a combination of working from home / office work / travel to meetings as and when required.
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