Finance Officer - Treasury Accounts Receivable

Overview

At East Lancashire Hospitals NHS Trust our vision is to provide safe, personal and effective care. One LSC is a collaborative partnership formed by five NHS Trusts serving Lancashire and South Cumbria. One LSC brings together Digital, Data and Technology, Estates and Facilities, Finance, People Services, and Procurement and Logistics to create one central community of professionals under a single leadership team.

The aim is to deliver joined-up services, eliminate duplication, remove unwarranted variation, share common systems and processes, and ensure value for money for our partners and the communities we serve.

The post holder will be responsible for the credit control function of the organisation. They will maintain the day-to-day management of the Accounts Receivable ledger, chase outstanding debt, refer debts to the debt collection agency, and ensure correspondence is accurately recorded on the Accounts Receivable ledger. They will also monitor and report on the Trust's credit control performance.

• Dealing with Accounts Receivable (AR) queries and coordinating responses with debtors.
• Monitor installments and ensure payments are received in accordance with agreed payment plans.
• Review and refer aged debt to the Debt Collection Agency, developing and maintaining a good working relationship with the agency.
• Prepare and refer reports to escalate non-payment of debt as appropriate.
• Prepare schedules of bad debts recommended to be written off.
• Prepare cross-cover for the Accounts Payable (AP) Finance Officer.
• Support Innovation and Continuous Improvement within the Finance team.
• Correspond with debtors on outstanding accounts, ensuring regular statements, reminders, emails and calls; update the diary log with all correspondence.
• Negotiate and arrange mutually agreeable payment terms in line with Trust policy.
• Input and maintain financial information into computer databases and spreadsheets; use various systems for retrieving, analysing and reporting on financial information.
• Prepare monthly payments in installments and monitor adherence; contact debtors who have failed to pay.
• Prepare monthly schedules of debt for escalation to the debt collection agency; obtain authorisation as required.
• Review reports from the debt collection agency and escalate any queries.
• Prepare regular reports to escalate non-payment as appropriate; follow up on escalations.
• Prepare schedules of bad debts for write-off; obtain necessary authorisations.
• Respond to other ad hoc duties commensurate with the grade within Treasury/Technical Accounts teams.

Experience

Essential: NHS finance experience

Desirable:
Knowledge of E-financials

The Trust is an equal opportunities employer and is committed to safeguarding and promoting the welfare of children and vulnerable adults. DBS checks may be required in line with the role. If applicable, costs may be recovered as part of the recruitment process.