FINANCE MANAGER RESPONSIBILITIES

Finance Manager's Responsibilities in areas of Health and Social Care

Finance Manager's Responsibilities in areas of Health and Social Care

Introduction

Mencap is a health and social care Home facility, which provides a number of services. To manage and control the home, we have a number of financial systems and responsibilities to monitor and manage. I assess the equipment, services and personnel (staff) and provide suggestions for the expansion and institution of new facilities. My duties differ depending upon the situation. Some of the systems of financial Management of Health and social care are discussed below:

Staff payroll

Since payroll is the major portion of expenses, so payroll is dealt with special care. There are few steps that need I consider for the maintenance and evaluation of wages and salaries. These steps include analysis of education and skills for a particular position. I, as Finance manager, check and ensure that each staff has received the salaries on time. There is a query window for every employee in case of any doubt regarding payroll. I give 305 hours per week for support work and 10% for annual leave. To reduce the deficiency of presence of staff, I use three-week schedule in advance. I have also installed Hour Tracker to keep me on schedule.

To keep the facility running smoothly, staff plays an important role. Therefore, I hire trained and educated staff, which helps the residents in a comfortable fashion. (Donald, 2001)

Power Plan

Finance manager analyze the detailed data of expenses on continuous basis in different durations such as, weekly, monthly, yearly etc to keep the budget in control. Any discrepancies and variations from budget are discussed with my Finance Manager. At Mencap, Hertfordshire's social services and residents pay rent for the facilities provided. There a council of Hertfordshire that reviews the rental payments received from residents. These rental payments are subject to increment on a yearly basis every march.

I approve the invoices that are paid against the goods and services received to Peterbourgh. I use Power Plan as a benchmark to make sure that I do not go off the track. It is my duty to ensure that the expenses recorded are correct and timely. In case of any disagreement over invoice issue, I contact to my Finance Manager.

The team of Finance personals and I make annual budget in November to preplan that the resources are allocated efficiently. We discuss and make agreement on ...