Income Finance Manager job description

To produce the Organisation’s monthly income reports in accordance with the Organisation’s reporting timetables. To report complete in depth analysis of the Organisation income and activity. To ensure that Organisation Income is correctly recorded in statutory returns. To produce robust and comprehensive income forecasts. To ensure that monthly invoices are raised in respect of billing of Service Agreements in accordance with relevant timetables. To calculate the Service Agreement and Non Contract Agreement over/under performance. To ensure education and training income is appropriately invoiced and reported. To critically review reporting arrangements and working processes and make recommendation to meet changes in the environment and improve effectiveness and efficiency.

8. To undertake risk analysis to ascertain the impact to the Organisation of future changes in tariff, commissioning currency or other potential changes within wider ORGANISATION financial environment.
9. To produce comprehensive year end reports/ working papers in adherence to the ORGANISATION Manual of Accounts to meet requirements of External Audit.
10. To provide expert financial advice to colleagues from across the Organisation in relation to Income related issues.
11. To critically review reporting arrangements within the section and make recommendation to better meets the changing needs of users of the information.

12. To work together with commissioning colleagues to establish robust annual Income budgets during the business planning process
Invoicing
13. To ensure that monthly invoices are raised in respect of Service Agreements and Category C Income in accordance with relevant timetables.
14. To calculate the Service Agreement and Non Contract Agreement over/under performance invoices/ credit notes in adherence to DH timetable.
15. To ensure that all invoices have appropriate supporting information and that queries are answered promptly.
16. To liaise with Accounts Receivable section to ensure invoices are raised correctly.
17. To critically review current working procedures/processes and make recommendations to improve efficiency and effectiveness of the process within the Organisation ensuring the maximum recovery of income.

Costing
18. To aid in the review and maintenance of the Organisation’s costing model the production of SLR and Reference Costs.

Other
19. To take responsibility for Corporate financial issues and Organisation-wide projects as and when required.
20. To provide training to relevant staff on core topics such as the impact of Payment By Results, Relationship between Income and activity.
21. To line manage the income accountants and ensure that both are developed professionally and personally including performance reviews, appraisals, PDPs, objective setting and assisting in CPD.
22. To aid in the support and develop the Commissioning, Costing and Income Finance team professionally and personally.
23. To comply with the requirements of the Data Protection Act with regard to the confidentiality of personal information and patient confidentiality.
24. To undertake any other duties as required which are consistent with the grade and nature of the post.
25. To promote and lead by example the professional standards set by the Finance Directorate.
26. To deputise for senior staff members where appropriate.

STRATEGIC RESPONSIBILITIES:
1. To be responsible for the on going development of the professional services provided by the income function and to implement in full any recommendations form the Organisation board/ senior Management to enhance the delivery of advice and support
2. To provide financial support for the annual and ongoing commissioning process including regular engagement with the relevant Divisions, PCTs, SHAs and clinical networks.
3. To support the production and collation of the Organisation annual budget setting and planning process in relation to income.
4. To assist in the development of the Organisation Budget Holder financial training and accreditation process and policy. To be responsible for the ongoing development of the professional financial service delivered to the Divisions and to implement in full any recommendations from the Organisation Board to further enhance the delivery of financial advice and support.
5. To make recommendations on improving financial control within the Finance Directorate and Organisation and, if approved, responsibility for the implementation and monitoring of new practice. To recommend improvements and changes to local working practices.
6. To continuously improve and develop the team ensuring that at all times the team is striving to achieve the highest levels of customer service performance.
7. To promote and assist the Finance Directorate in the development of good practices for Finance staff training, recruitment and retention.

free-job-descriptions.com provides a free database of job descriptions. Whether you are writing a job description, need to better understand a job, or are thinking abut your career, free-job-descriptions.com is for you