Employer: Bromley by Bow Health Partnership
Job Title: Senior Management Accountant
Location: London, United Kingdom
Salary: £55,000 to £65,000 per year
Job Type: Full-time
Job Summary
The Management Accountant will play a key role in supporting the financial management and strategic decision-making of the GP Practice. This role involves preparing accurate and timely financial reports, analysing performance, managing budgets, and ensuring the practice meets its financial and statutory obligations.
You will work closely with the Practice Managers, GP Partners, and Directors to provide financial insight that supports efficient, compliant, and sustainable operations.
Main Duties of the Job
Key Responsibilities
Prepare monthly and quarterly management accounts, including P&L, balance sheets, and cash flow forecasts.
Analyse variances and provide actionable insights to improve performance.
Support annual budgeting and forecasting processes.
Monitor NHS and non-NHS income streams and manage PCN funding.
Ensure compliance with NHS financial regulations and maintain robust internal controls.
Advise on cost efficiency and funding opportunities.
About Bromley by Bow Health Partnership
Bromley by Bow Health Partnership is a forward-thinking GP practice committed to delivering high-quality care and innovative services to our community. We are looking for a skilled Senior Management Accountant to join our team and play a key role in shaping our financial strategy and supporting sustainable operations.
Job Description
Job Responsibilities
Financial Reporting & Analysis
Prepare monthly and quarterly management accounts, including profit and loss statements, balance sheets, and cash flow forecasts.
Reconcile the monthly transactions for each cost centre, liaise with budget holders to clarify the expenditure and any queries on categorisation.
Analyse variances between actual and budgeted results, identifying trends and areas for improvement, report to Director of Finance and Corporate Services.
Ensure that invoicing, accruals and prepayment schedules are in order and calculations are accurate.
Prepare year-end accounts, including all reconciliations and resolving queries and liaise with external accountants for finalisation and audit preparation.
Assist with creating a new set of management accounts pack including setting the coding in the accounting software and designing the reports.
Budgeting & Forecasting
Support the annual budget-setting process in collaboration with the Practice Managers, Partners and Directors.
Prepare budget templates which are user-friendly, well-developed to accommodate any changes and efficient.
Develop financial forecasts and monitor performance against budgets.
Provide financial modelling and analysis to support decision-making and long-term planning.
Income & Expenditure Management
Monitor NHS and non-NHS income streams (e.g. GMS/PMS payments, enhanced services, QOF, private income).
Track and reconcile PCN payments and reimbursements, including setting automated templates to track the invoicing.
Manage staff allocations in payroll journals, provide staff cost reports to budget holders.
Financial Compliance & Controls
Ensure compliance with NHS financial regulations, tax obligations, and payroll legislation.
Maintain strong internal financial controls and procedures.
Assist with providing the documentation of the processes, review finance policies and procedures, ensuring that the accounting principles are applied consistently.
Assist with data analysis and compliance metrics for Practice Managers.
Operational Support
Advise on cost efficiency, service profitability, and funding opportunities.
Track and report on PCN funding including reimbursements, shared roles, and service income.
Provide financial data and insights for CQC inspections, business cases, and funding bids.
Person Specification
Essential
Part-qualified or qualified accountant (CIMA, ACCA, ACA, or equivalent).
Proven experience in management accounting or financial management.
Strong analytical and advanced Excel skills including complex formulas and Power Query.
Experience in budgeting and forecasting.
Excellent attention to detail and accuracy.
Ability to communicate financial information clearly to non-financial colleagues.
Understanding of confidentiality and data protection.
Desirable
Experience in primary care, healthcare, or NHS finance.
Familiarity with accounting software (e.g. Xero, QuickBooks, Sage).
Knowledge of GP Practice funding streams and NHS contracts.
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Certificate of Sponsorship
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website.
From 6 April 2017, skilled worker applicants applying for entry clearance into the UK must present a criminal record certificate from each country they have resided in continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement.
Guidance can be found here: Criminal records checks for overseas applicants.
How to Apply
If you’re interested in this role, visit the official website for more information — click here to apply now.