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An exciting opportunity has arisen for a Financial Controller to join The Royal National Orthopaedic Hospital (RNOH) reporting directly to the Deputy Director of Finance and managing the Financial Accounts, Financial Services and Capital Accounting teams.

The successful applicant has the opportunity to really develop both the team and the service it provides. This post holder will help provide the financial backbone to enable RNOH to realise it’s ambition to become the best Musculoskeletal Hospital worldwide.

Working for a specialist hospital with an annual turnover of £200 Million, you will gain a wide breadth of experience and exposure. This role will suit a strong technical accountant, who is passionate about motivating and developing the team.

The Financial Controller will lead the Trust’s Financial Accounting, Financial Services and Capital Accounting sections. Ensuring that staff are supported and enabled to deliver the required service to the Trust.

The Financial Controller will lead on the completion and submission of the statutory accounts and external regulatory returns within the prescribed timescales. The post holder will identify contentious issues and areas of financial risk at an early stage to allow for corrective solutions.

The Financial Controller will control and forecast the Trust’s cash flow and work with internal and external audit to ensure the appropriate degree of assurance can be provided to the Trust Board. The post holder will be a catalyst for change in implementing robust, effective, comprehensive and timely financial reporting and contribute to continuous improvements within the finance function.

RNOH Royal National Orthopaedic Hospital NHS Trust (RNOH) is the largest orthopaedic hospital in the UK and a global leader in our field. We provide a dynamic working environment where we support frontline staff to implement improvements so that we can realise our vision of being a world leading neuro-musculoskeletal hospital providing the best patient care and staff experience in the NHS, delivering world leading research, and offering a strong foundation of education, training and career progression. Our dedicated staff come from diverse backgrounds, and our patients benefit from the wide range of experience they bring to the trust. RNOH brings unrivalled expertise together in one place allowing us to deliver some of the world’s most complex and innovative care to our patients. RNOH is rated good by the CQC and covers two sites, one in central London and one in Stanmore - which has recently opened The Stanmore Building, a new, state-of-the-art inpatient facility. For more information, please access the following link: https://www.rnoh.nhs.uk/

Financial Control

Lead the completion of both the statutory accounts and regulatory reporting returns to the prescribed timescales, together with good quality working papers.
Act as key point of contact for Internal and External Audit.
Advise on the continued implementation of International Financial Reporting Standards (IFRS).
Provide leadership to the Senior Financial Accountant and sign off on the completion of bank account, and other key control account reconciliations on a monthly basis.
Lead the preparation of relevant sections of the Annual Report and Summary Financial Statements.
Prepare and present papers in Trust Committees including Audit Committee and Finance and Compliance Committee.
Lead the Debtors and Accounts Payable sections on a pro-active basis, resolving queries in an expeditious manner, and highlighting issues where appropriate.
Lead in the completion of capital, balance sheet and cash flow modelling for input into the Trusts Annual Plan, Medium Term financial plan or any other financial model. This will encompass the production of full working papers and a clear audit trail behind assumptions and evaluations.

Capital Accounting

Work with the Capital Accountant to ensure that the fixed asset register and all capital accounts are fully reconciled, and capital expenditure is being properly recorded, together with the correct calculation of depreciation charges.
Assist the Chief Financial Officer in the preparation of the Trust’s annual capital plan for approval by the Capital Planning Group and Trust Board.
Support management in the preparation and review of capital expenditure requests for submission to the Capital Planning Group.
Prepare financial forecasts for review by the Chief Financial Officer and Deputy Director of Finance.

Treasury and Taxation

Prepare rolling cash flow projections for the Trust, informing the Deputy Director of Finance of any risk of liquidity shortfall at an early stage.
Complete applications to the regulator for Working Capital Loans or Capital Loans as necessary.
Sign off on the completion of monthly Contracted Out Services returns to HM Revenue & Customs.
Lead in the submission of the Trusts’ VAT Partial Exemption and Business Activities claims to ensure that the Trust is operating in a tax efficient manner.

Polices development and risk assessment

Interpret changing national policy and the financial impact of policy initiatives on the Trust.
As part of the Senior Finance Team lead on the financial risk assessment to ensure the development of a comprehensive assessment of risk across the Trust is available, and efforts are focused on managing those risks.
Take account of conflicting demands and complex facts, to analyse, interpret and evaluate a range of options for service development.
Promote financial accountability at all levels throughout the Trust by ensuring the efficient and effective use of all resources available.
Ensure financial policies and procedures are developed, implemented, and maintained which reflect ongoing working requirements of the Trust and Directorates and ensuring consistency with the Trust’s Standing Financial Instructions and other policies and procedures.

Management responsibilities

Co-ordinating, monitoring and reviewing own activities and work activities of the Trusts Financial Accounts, Financial Services and Capital Accounting teams, to optimise the use of resources, ensuring that activities of the sections are competed in a professional manner and within agreed timetables that enable the Trust to meet its statutory financial reporting duties.
Recruit, manage and develop a team of staff to provide a professional service to the Trust.
Developing the skills and competencies of staff and self through training and development activities and ensuring that progress is maintained and that future needs are identified and actioned through annual staff appraisals

Freedom to make decisions

Using expert professional knowledge and skills to identify, analyse, investigate, interpret, forecast, apply, and advise upon highly complex service information – on both quantitative and qualitative data.
Persuade and advise senior management teams on implications and possible courses of action through formal and informal discussions and presentations by providing highly complex, technical, and sensitive information.
Ability to plan, prioritise, organise, and oversee the workload within the finance team and to deal with the pressures of ensuring that the team meets its continual deadlines. Ability to re-schedule workload when priorities change, and unforeseen deadlines occur.
To make frequent decisions and professional judgements in highly complex and uncertain situations when formulating future financial plans, making negotiating decisions with outside bodies, and advising business units and senior leaders in the Trust.
Deputising as required for the Deputy Director of Finance.