Job Description
We have a fantastic opportunity for a Financial Accountant (IFRS 16) to join our team based in London. The salary on offer is from £60,000 to £65,000 with inclusion in our management bonus scheme, up to 10% based on performance, a 6% matched pension and 27 days annual leave (not including public holidays).
This is a role within the Financial Control team based in London. The individual will join a team of finance professionals who provide financial planning and budgeting, reporting, control, tax and general ledger oversight for NHS Property Services. The Financial Control team is part of the Corporate Finance team based across London and Stockport which includes 90 colleagues covering a range of core finance responsibilities.
As a company with a large property portfolio including over 1100 arrangement as lessee and a large number of various arrangements with customers as lessor, there is a significant impact on NHS PS of IFRS 16. The purpose of this role is to increase the Financial Control team’s capabilities in complying with IFRS 16 and ensuring the right controls and policies are in place across the business. The role holder will take ownership of accounting policy in this area translating this for non-finance operational colleagues to create a control environment focussed on continuous improvement.
The role holder will be responsible for ensuring compliance with IFRS 16 and Government FReM guidance; be the key technical expert within NHS PS for Lease accounting; take ownership of NHS PS’ IFRS 16 accounting policy including regular reviews and updates to ensure continuous improvement; and work proactively with the Business and update IFRS 16 policies and procedures as the result of reviews.
You will work proactively with the business on their review of leases which impact IFRS 16 reporting including, for example, their review of core and variable elements of the property portfolio; update the Business and senior stakeholders on updates and changes to policy; be the key contact with the Department for Health and Social Care (DHSC) for implementing and improving IFRS 16 reporting and all technical queries; and be responsible for the maintenance of NHS PS’ IFRS 16 reporting tool, working frequently with the SQL development team in its maintenance and continuous improvement.
Assessing the appropriateness of current reporting tools, working with Technology Services on reviewing reporting solutions and implementing changes where necessary, will be key for this role, as will being the key contact with external and internal auditors on matters of IFRS 16 accounting policy and respond to audit queries. You must also be responsible for the remediation of any identified audit concerns or management letter points related to IFRS 16; share responsibility for continuous improvement of the IFRS 16 reporting process; identify areas for improvement to support the quality and efficiency of IFRS 16 financial close, reporting and audit processes; and work on ad hoc technical accounting activities as required by the Financial Controller.
The role holder will also work proactively with the Financial Accountant- PFI, Leases to support on their complementing responsibilities including but not limited to:
• Month end reporting including variance analysis
• Month end processes including journal processes
• Statutory accounts production and associated disclosures
• Group quarterly reporting
To succeed, candidates should have a recognised Finance professional qualification (ACA/ACCA/CIMA) and an understanding of financial reporting and financial control framework. You must have strong technical and applied accounting, detailed working knowledge of IFRS 16, and be a finance professional who has gained control and analytical skills from a commercial or audit background. Experience applying and implementing IFRS 16 is key.
We understand how important life is outside of work so, as well as a competitive salary and 27 days annual leave, we’ll support you, wherever possible, so that you don’t miss out on what truly matters to you.
If you do ever need a little bit of extra help we have a great employee assistance programme, financial well-being support and access to great discounts with leading high street names with the bluelight discount card.
Our range of network groups are also there to support you to truly be yourself at work and play a key role in helping shape our future. We ‘hire for attitude and train for skills’ providing opportunities for our people to develop & progress their careers at all levels through our Professional Excellence Framework.
If you are a member of a professional body we’ll pay for your membership and once you get your digital kit you’ll be good to go in one of our great offices (or at home!)
Who are we?
We are part of the NHS family with 6,000 professionals supporting over 3,000 healthcare properties across England. Our purpose is to enable excellent patient care by being the best property and facilities provider to the NHS.
Our services include estate strategy and optimisation, property management, facilities management, property development and construction project management. We help support millions of patients and NHS colleagues in collaboration without 7,000 customers who range from Integrated Care Systems, health providers, charities and more.
Our culture and values seek to place our NHS colleagues and their patients, at the heart of everything we do.
We celebrate diversity, and we are working hard to create an inclusive environment where people love to work and can fulfil their potential.
We would encourage all applicants to apply as soon as possible as we may close vacancies early should we receive a high number of applications.
Best of luck with your application!