Healthcare Central London Ltd rLPGfSPf
Additionally, the Finance Manager will focus on embedding best practices within the finance team, enhancing staff development through training and mentorship, and conducting detailed profitability analyses to support cost management initiatives. The position demands a proactive approach in identifying inefficiencies, offering solutions, and maintaining high standards of financial accuracy to support the broader organisational goals.
Supporting the Director of Finance and Resource and Head of Finance to deliver accurate and timely accounts, costings and saving initiatives to drive profitability, revenue growth and manage cash flow, the Management accountant will manage the finance team of two, leading on best practice, development and finance process improvement ensuring that timely financial results and reporting are delivered for the group.
Generalist Skills:
Financial Reporting and Analysis:
Prepare monthly management
Month End Process
Budgeting and Forecasting:
Cost Management:
Compliance and Control:
Process Improvement:
Line Management and Staff Development:
About us
ROLE PURPOSE
Supporting the Director of Finance and Resource and Head of Finance to deliver accurate and timely accounts, costings and saving initiatives to drive profitability, revenue growth and manage cash flow, the Management accountant will manage the finance team of two, leading on best practice, development and finance process improvement ensuring that timely financial results and reporting are delivered for the group. Responsibilities include managing the full month end process, overseeing payroll, reporting, balance sheet reconciliation, weekly payments, accounts receivable and deputising for the Head of Finance.
This role will also work as a business partner to our Service Managers, providing commercial and intuitive financial advice and support, enabling/equipping to manage contract income accurately and achieve budgets. Supporting on financial modelling for new services, budgeting and forecasting and providing detailed analysis on projects will also be essential elements of the role.
KEY TASKS AND RESPONSIBILITIES
Generalist Skills:
Possess strong generalist financial skills with a broad understanding of finance functions.
Ability to adapt and contribute to various financial aspects within the organisation.
Financial Reporting and Analysis:
Prepare monthly management accounts, including variance analysis against budgets and forecasts.
Develop and maintain financial dashboards for performance monitoring.
Support senior management with ad-hoc financial reporting.
Month End Process
Manage the full month end process cycle making sure its completed within timetable
Detailed commentary on material variances to Forecast/Budget.
Detailed monthly balance sheet reconciliations with review with HOF/FD
Budgeting and Forecasting:
Collaborate with department heads to develop annual budgets.
Prepare forecasts and analyse potential financial risks.
Provide insights and recommendations based on budget variances.
Cost Management:
Monitor and control operational costs.
Conduct profitability analysis of products, services, or projects.
Support cost-saving initiatives and provide financial advice to stakeholders.
Compliance and Control:
Ensure compliance with financial regulations and internal policies.
Maintain accurate records for audits and regulatory requirements.
Assist with year-end closing and liaise with external auditors.
Process Improvement:
Identify inefficiencies in accounts payable processes and propose improvements.
Assist in the implementation of automated systems for invoice processing.
Line Management and Staff Development:
Provide effective line management for the finance team, fostering a positive working environment.
Support staff development through training, mentoring, and performance management.
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