To oversee the practice accounts, monitoring all income and expenditure, ensure the GP surgery remains financially sustainable, compliant, and able to deliver high-quality healthcare services to its patient population.
Duties can include, but are not limited to, accurate financial reporting, effective budgeting, cash flow management, regulatory compliance, and strategic financial planning to support high-quality patient care and sustainable practice operations. Working closely with GP partners, the Practice Manager, and external accountant, the Finance Officer provides financial insight, monitors NHS income streams, manages expenditure, and supports business development initiatives.
The post-holder will be an integral part of the practice team.
The following are the core responsibilities of the Finance Officer. There may be, on occasion, a requirement to carry out other tasks. This will be dependent upon factors such as workload and staffing levels:
- Prepare and monitor annual budgets, forecasts, and financial plans financial performance reports.
- Oversee practice accounting, claims, invoices and reconciliations.
- Raising invoices, following up missed payments and liaising with payment providers to ensure payments are made.
- Process pay and pensions.
- Process VAT
- Manage cash flow, banking, and financial controls.
- Monitor NHS funding, enhanced service payments, and other income streams.
- Ensure compliance with NHS, HMRC, and statutory financial regulations.
- Support year-end accounts preparation and liaise with external accountant.
- Analyse financial data and provide recommendations to Practice Manager.
- Monitor contracts, service agreements, and financial risks.
- Compliance with petty cash, cash handling and banking duties
- Contribute to business planning, service development, and cost-efficiency initiatives.
- Maintain accurate financial records and ensure robust governance arrangements.
- Support the Practice Manager/Partners.
Pay: Up to £27,000.00 per year
Benefits:
Work Location: In person
