Financial Management Apprentice

Cambridge University Hospitals NHS Foundation Trust

Cambridgeshire, CB2 0QQ

Closes in 12 days (Tuesday 5 November)

Posted on 22 October 2024

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Contents

Summary

Cambridge University Hospitals are launching a new Financial Management Apprenticeship role which will combine study for an Assistant Accountant Level 3 Apprenticeship (with the AAT - Association of Accounting Technicians - Level 3 included) alongside gaining experience and training in a busy and diverse finance team.

Annual wage
£22,816 a year

Minimum wage rates (opens in new tab)

Training course
Assistant accountant (level 3)
Hours
Monday to Friday normal office hours, times to be discussed and agreed (i.e. 8am to 4pm / 8.30am to 4.30pm / 9am to 5pm).

37 hours a week

Possible start date

Monday 6 January

Duration

2 years

Positions available

1

Work

As an apprentice, you’ll work at a company and get hands-on experience. You’ll gain new skills and work alongside experienced staff.

What you’ll do at work

Key duties and responsibilities:

Budgetary Control

  • Once trained, to work with the finance team to complete month end routine requirements such as journals and budget reconciliations as directed by manager, ensuring all necessary adjustments are carried out in accordance with accounting principles, agreed timetables and department policies and procedures
  • To develop the skills to be able to investigate significant variances by interrogating all the financial ledger sub-systems and liaising with budget holders
  • To meet regularly with budget holders, initially with colleagues, and provide professional support to them
  • To support communication of information between budget holders and other Finance functions
  • To work towards assisting with simple ad-hoc costing exercises and investigations as required
  • Once trained, to raise invoices and purchase orders and responding to invoice queries, escalating where appropriate
  • To respond to queries and providing analysis as requested by managers in a timely manner with appropriate supervision
  • To triage Finance Email inbox and answer queries efficiently and effectively, escalating where appropriate
  • Once trained, to review bad debt on a monthly basis and escalate to manager/budget holders where appropriate


Technical / Procedural

  • Develop an awareness of the Trust’s Standing Financial Instructions
  • To provide support to the costing, pricing and financial planning activity to the Team as required
  • To develop a basic understanding of the NHS Financial regime
  • Recommend and implement improvements and changes to local working practices with team support and participate in departmental working groups
  • To produce and maintain procedure notes relevant to services supported


Training 

  • To study towards a professional accountancy qualification - Assistant Accountant Level 3 (with AAT Level 3 included) - as part of a Level 3 apprenticeship programme
  • To assist in identifying training needs and requirements of users and the provision of this through both formal and informal training
  • To participate in Trust wide training and communication initiatives


Corporate/General

  • To ensure all departmental policies and procedures are adhered to
  • To establish and maintain excellent working relationships with budget holders and other staff in support of their financial and reporting requirements
  • To undertake any other duties, as required, which are consistent with the grade and nature of the post
  • To comply with the requirements of the Data Protection Act with regard to the confidentiality of personal information and patient confidentiality
  • To maintain a record of training completed and any gaps in training identified


Communication and working relationships

Internal

  • Trust employees
  • HR
  • Managers and budget holders throughout the Trust
  • Finance Staff at all levels of the organisation
    Internal Audit


External

  • Staff at other NHS / Non-NHS Bodies
  • Staff at the University of Cambridge
  • External Auditors
  • Charitable Organisations

Where you’ll work

Addenbrookes Hospital

Hills Road

Cambridge

Cambridgeshire

CB2 0QQ

Training

An apprenticeship includes regular training with a college or other training organisation. At least 20% of your working hours will be spent training or studying.

College or training organisation

FIRST INTUITION CAMBRIDGE LIMITED

Your training course

Assistant accountant (level 3)

Equal to A level

Course contents
  • Assist with the investigation and response to financial information queries.
  • Record and analyse financial data using the organisation’s standard tools and processes.
  • Apply double entry bookkeeping and accounting standards to process financial documents, generate financial statements and report financial information to users of accounts.
  • Assist with production of accurate financial information for the preparation of accounts.
  • Reconcile financial data, such as, preparation of reconciliations or review of reconciliations.
  • Investigate, resolve or escalate transactional queries and errors within their remit as appropriate.
  • Develop and maintain effective working relationships with stakeholders.
  • Communicate financial information in a way that non-finance stakeholders can interpret and understand.
  • Utilise digital skills to present key financial information using finance and accounting software and applications.
  • Use software packages to assist with basic accounting tasks in line with cyber and data security requirements, using data securely and safely, including backing up data.
  • Communicate using varying approaches and different media methods with an appreciation of the risks and benefits to the business of social media and other digital applications.

    • Your training plan

    • Come and join us and be supported to earn as you learn whilst undertaking a nationally recognised qualification 
    • You will study an Assistant Accountant Level 3 Apprenticeship (with AAT – Level 3 included)
    • You will receive a minimum of 6 hours per week during your work time to complete ‘Off the Job’ (OTJ) training. This time will be allocated to you to complete either in work or you may study from home (at manager’s discretion)
    • Additional training will be given in the workplace

    Requirements

    Essential qualifications

    GCSE or equivalent in:

    • English (grade Grade 4/C or above)
    • Maths (grade Grade 4/C or above)
    • AAT or Bookkeeping qualification (grade Level 2)

    Let the company know about other relevant qualifications and industry experience you have. They can adjust the apprenticeship to reflect what you already know.

    Skills

    • Communication skills
    • IT skills
    • Attention to detail
    • Organisation skills
    • Customer care skills
    • Problem solving skills
    • Number skills
    • Logical
    • Team working
    • Initiative
    • Time management
    • Enthusiastic
    • Positive work ethic
    • Keen to learn
    • Understand confidentiality
    • Motivation
    • Punctuality

    About this company

    Cambridge University Hospitals (CUH) NHS Foundation Trust comprises Addenbrooke’s Hospital and the Rosie Hospital in Cambridge. With over 13,000 staff and over 1100 beds the priorities of the Trust focus on a quality service which is all about people – patients, staff and partners. Recognised as providing ‘outstanding’ care to our patients and rated ‘Good’ overall by the Care Quality Commissioner, is testament to the skill and dedication of the people who work here. CUH’s values – Together - Safe, Kind, Excellent – are at the heart of patient care, defining the way all staff work and behave. The Trust provides accessible high-quality healthcare for the local people of Cambridge, together with specialist services, dealing with rare or complex conditions for a regional, national and international population.

    https://www.cuh.nhs.uk/ (opens in new tab)

    Disability Confident

    Disability Confident

    A fair proportion of interviews for this apprenticeship will be offered to applicants with a disability or long-term health condition. This includes non-visible disabilities and conditions.

    You can choose to be considered for an interview under the Disability Confident scheme. You’ll need to meet the essential requirements to be considered for an interview.

    After this apprenticeship

    This is a 24-month fixed-term role with the possibility of higher level apprenticeship training subject to achieving this apprenticeship.

    Ask a question

    The contact for this apprenticeship is:

    Cambridge University Hospitals NHS Foundation Trust

    Karen Godfrey

    karen.godfrey2@nhs.net

    01223 349385

    The reference code for this apprenticeship is VAC1000283428.

    Apply now

    Closes in 12 days (Tuesday 5 November)

    When you apply, you’ll be asked to sign in with a GOV.UK One Login. You can create one at the same time as applying for this apprenticeship.

    After signing in, you’ll apply for this apprenticeship on the company's website.

    Company’s application instructions

    • Do you have any skills or experiences in any other roles (part-time work, volunteering, personal responsibilities, special interests etc) that show us how you would be the best candidate for the job? • Why should we employ you? • What makes you the ideal candidate for the job? • What are your particular strengths? • What can you offer to the role? • Look at the person specification and tell us about how you meet the essential criteria