NHS Graduate Management Training Scheme
Finance Trainee
Job Location
London, United Kingdom
Job Description
Modelling a better future for communities everywhere. Start your career journey in Finance.
The NHS Graduate Management Training Scheme (GMTS) offers trainees a 20-day induction, in-role experience on placements, post-graduate education and pastoral care. Also, the freedom of a 2 month ‘flexi’ placement designed by you. Our programme supports you in developing skills, experience and confidence to begin your leadership journey successfully.
You’ll be on the Scheme for two years and as one of 200 trainees across six specialisms, you will join a network of future leaders in the NHS. Trainees earn an average of £44k in their first NHS role, after graduating from the Scheme.
Join our Finance specialism and we’ll offer you a real opportunity to shape services, find efficiencies and develop new ways of working that are better for the NHS and therefore benefit us all.
You’ll develop skills and experience in strategic and operational finance as well as financial and management accounting. No trainee day is ‘typical’, the scale of the NHS means that we have a variety of placement types and locations available. Recent trainees have worked in hospitals, reviewing cost efficiencies of operating theatres and wards – as well as in office locations, working on annual reports and pension planning. You will be given early responsibility on the scheme but also work collaboratively with operational and clinical colleagues, to ensure the financial viability of services.
We will support you to gain a professional finance and accountancy qualification from the Chartered Institute of Public and Finance and Accountancy (CIPFA).
You will study for 12 modules, including Management Accounting and Financial Accounting, Audit and Assurance, Company Financial Reporting and Financial Management, submitting a strategic case study at the end of the scheme.
Trainees on all specialisms work towards a qualification in Healthcare Leadership in their first year on the scheme. In addition to formal qualifications, trainees also participate in experiential and action learning, to develop their leadership skills more broadly.
Our Finance trainees have gone on to succeed in challenging and rewarding careers across the NHS in roles such as finance manager, business analyst, management accountant, pricing analyst and eventually senior management roles include Director of Finance and Business Partner.
“No decision is made without taking into consideration the financial implication of that decision. Make no mistake, the role is challenging. But knowing in the end your work and decisions will make a difference; this is what makes my role so worthwhile.” Krupa, Finance Scheme
Benefits
Competitive salary
You’ll receive a minimum starting salary of £29,225 on commencement, plus where applicable (dependant on the location of your placement) the NHS High Cost Area Supplement (HCAS).
All trainees, subject to satisfactory probation and ongoing work and academic performance, will have the opportunity of a salary increase to £31,473 after 12 months.
Fully funded study package
Education is an important component of the NHS GMTS. You’ll study for at least one professional qualification during your time with us. There are no academic costs to trainees, the qualifications are fully funded.
Network
A crucial benefit of the programme is the network you will be part of – not only with other trainees, but experts and leaders, HR and learning professionals as well as other key stakeholders in the programme. This provides a great opportunity to share insights and learn from each other, gaining knowledge about the wider organisation.
NHS Pension Scheme
We will automatically enrol you onto the highly regarded NHS Pension Scheme when you start with us.
Employee Assistance Programme (EAP)
The Employee Assistance Programme is a 24 hours a day 7 days a week confidential service, which can support colleagues with a range of issues including relationships, stress, legal and financial concerns, bereavement and discrimination.
Cycle to work
The Cycle2Work scheme is available through Halfords, Tredz and various independent retailers. It’s run via salary sacrifice, meaning you will pay less tax and National Insurance, allowing you to make savings of up to 47% on the cost of hiring a new bike and equipment. This is to the value of between £100 and £3,000. The scheme is available once you have completed your probation period.
Location: London, GB
Posted Date: 10/2/2024
The NHS Graduate Management Training Scheme (GMTS) offers trainees a 20-day induction, in-role experience on placements, post-graduate education and pastoral care. Also, the freedom of a 2 month ‘flexi’ placement designed by you. Our programme supports you in developing skills, experience and confidence to begin your leadership journey successfully.
You’ll be on the Scheme for two years and as one of 200 trainees across six specialisms, you will join a network of future leaders in the NHS. Trainees earn an average of £44k in their first NHS role, after graduating from the Scheme.
Join our Finance specialism and we’ll offer you a real opportunity to shape services, find efficiencies and develop new ways of working that are better for the NHS and therefore benefit us all.
You’ll develop skills and experience in strategic and operational finance as well as financial and management accounting. No trainee day is ‘typical’, the scale of the NHS means that we have a variety of placement types and locations available. Recent trainees have worked in hospitals, reviewing cost efficiencies of operating theatres and wards – as well as in office locations, working on annual reports and pension planning. You will be given early responsibility on the scheme but also work collaboratively with operational and clinical colleagues, to ensure the financial viability of services.
We will support you to gain a professional finance and accountancy qualification from the Chartered Institute of Public and Finance and Accountancy (CIPFA).
You will study for 12 modules, including Management Accounting and Financial Accounting, Audit and Assurance, Company Financial Reporting and Financial Management, submitting a strategic case study at the end of the scheme.
Trainees on all specialisms work towards a qualification in Healthcare Leadership in their first year on the scheme. In addition to formal qualifications, trainees also participate in experiential and action learning, to develop their leadership skills more broadly.
Our Finance trainees have gone on to succeed in challenging and rewarding careers across the NHS in roles such as finance manager, business analyst, management accountant, pricing analyst and eventually senior management roles include Director of Finance and Business Partner.
“No decision is made without taking into consideration the financial implication of that decision. Make no mistake, the role is challenging. But knowing in the end your work and decisions will make a difference; this is what makes my role so worthwhile.” Krupa, Finance Scheme
Benefits
Competitive salary
You’ll receive a minimum starting salary of £29,225 on commencement, plus where applicable (dependant on the location of your placement) the NHS High Cost Area Supplement (HCAS).
All trainees, subject to satisfactory probation and ongoing work and academic performance, will have the opportunity of a salary increase to £31,473 after 12 months.
Fully funded study package
Education is an important component of the NHS GMTS. You’ll study for at least one professional qualification during your time with us. There are no academic costs to trainees, the qualifications are fully funded.
Network
A crucial benefit of the programme is the network you will be part of – not only with other trainees, but experts and leaders, HR and learning professionals as well as other key stakeholders in the programme. This provides a great opportunity to share insights and learn from each other, gaining knowledge about the wider organisation.
NHS Pension Scheme
We will automatically enrol you onto the highly regarded NHS Pension Scheme when you start with us.
Employee Assistance Programme (EAP)
The Employee Assistance Programme is a 24 hours a day 7 days a week confidential service, which can support colleagues with a range of issues including relationships, stress, legal and financial concerns, bereavement and discrimination.
Cycle to work
The Cycle2Work scheme is available through Halfords, Tredz and various independent retailers. It’s run via salary sacrifice, meaning you will pay less tax and National Insurance, allowing you to make savings of up to 47% on the cost of hiring a new bike and equipment. This is to the value of between £100 and £3,000. The scheme is available once you have completed your probation period.
Location: London, GB
Posted Date: 10/2/2024
Contact Information
| Contact | Human Resources NHS Graduate Management Training Scheme |
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