Practice Finance Manager in Honiton inHoniton PUBLISHED TUE 10 JUN 2025 Jump to job information section

Are you an experienced finance professional seeking a rewarding role in healthcare? We have an exciting opening for a Finance Manager at our GP Practice in Honiton. You'll be essential to maintaining our practice's financial health and operational efficiency, enabling us to provide exceptional patient care.

This role is pivotal within our management team, requiring autonomy and versatility to manage various financial aspects and income streams crucial to our practice.

The role is part-time working 30hrs a week, though we are flexible about days/times.

The purpose of the role is to establish and maintain effective financial management within the practice.

The postholder will manage the small finance team and work closely with the GP Partners and the Practice Manager.

You will be responsible for setting up and managing systems and process which maximise practice income and ensure value for money and providing accurate and timely financial and budgeting information to support decision making.

About us

Primary Responsibilities

The following are the core responsibilities of the Practice Finance Manager. There may be, on occasion, a requirement to carry out other tasks. This will be dependent upon factors such as workload and staffing levels:

a. Manage practice finances, maximising income and reducing expenditure

b. Accurately monitor cash flow, forecast and predict workflow corresponding to income

c. Oversee the management and reconciliation of bank accounts; negotiate and liaise with the practice bankers

d. Review all income and expenditure statements, identifying any inaccuracies and rectifying such issues

e. Ensure invoices are paid within the given time frame

f. Maintain an effective system for the handling of petty cash and cheques

g. Submit year-end figures liaising with the organisations accountant

h. Manage and oversee the organisations pension scheme, retaining accurate records

i. Manage partners drawings

j. In conjunction with the practice accountant, produce quarterly VAT returns and submit to HMRC for reimbursement

k. In conjunction with the practice accountant, provide annual GP Estimate of Pay and submit via PCSE Portal before due date.

l. Work with our Managed Payroll Service to manage and oversee PAYE for all organisation staff

m. Present financial forecasts to partners as and when required

n. Ensure the presentation of monthly financial reports is of a high standard

o. Ensure that effective financial controls are in place and processes are adhered to

p. Understand and brief the management team on the financial implications of contract and legislation changes affecting the organisation

q. Maintain an effective working relationship with the ICB, ensuring the organisation receives a proportionate and equitable allocation of resources

r. Maintain an effective working relationship with the other practices within the PCN

s. Lead on the PCN financial payments to the practice and chase payments overdue

t. Oversee agreements and or contracts for Rent and Rates reimbursements. Ensure systems are in place for claiming other allowances due, i.e. waste collections.

u. Oversee the renewal of insurance policies and processing any claims