The Chartered Institute of Public Finance and Accountancy (CIPFA) today announced it has won a contract with the NHS Wales Finance Academy to exclusively provide tuition to graduates on the NHS Wales Finance Management Training Scheme.
As part of the three-year contract, CIPFA will provide classroom based training in Cardiff to eight participants who will be placed across different NHS organisations in Wales.
The recruitment process begins in November 2015 with successful applicants starting in September 2016. At the end of the training scheme, participants are expected to become fully qualified CIPFA accountants.
Rob Whiteman, Chief Executive of CIPFA, said:
“We are thrilled that we will be supporting the NHS by training its future finance leaders.
“Both CIPFA and NHS Wales share common goals in driving excellence in financial management to improve services for communities while tackling budget pressures.
“The Institute works tirelessly to support and develop its students, so that they can go on to have meaningful careers in public services.
“It is our reputation for doing so which ensures that our qualifications remain the bedrock for all those who want to take up a career in public financial management.
“We look forward to using our expertise to ensure participants have first class skills and knowledge to add value and make a powerful difference.”
Charlotte Moar, Programme Director for the NHS Wales Finance Academy, said:
“We are delighted to be working with CIPFA as the qualification and education provider for our newly re-launched Finance Management Training Scheme that will help ensure we have the right finance leaders of the future.
“The Graduate Scheme is a key part of our wider NHS finance staff development programme sponsored through the NHS Wales Finance Academy. We are committed to training, and work closely with all of the accounting bodies to ensure our staff who want to study professional or technical exams are able to choose a qualification and study method that suits their needs.
“We are especially pleased that CIPFA’s new training base will enable both NHS students and those from our partner public sector organisations to train within Wales.”
For media enquiries contact the CIPFA press office on +44 (0)20 7543 5600 or email E: firstname.lastname@example.org
The recruitment process, which starts in November 2015, will be looking for eight candidates to begin placements starting in September 2016. One of the placements will be in North Wales, one in West Wales and six across South East Wales.
Candidates will earn a starting salary circa £20K, which will increase each year if they pass exams.
In 2014, CIPFA won a similar contract with NHS England. More information about CIPFA students and training is available online: www.cipfa.org/students
The Chartered Institute of Public Finance and Accountancy (CIPFA) is one of the leading professional accountancy bodies in the UK and the only one which specialises in the public services. It is responsible for the education and training of professional accountants and for their regulation through the setting and monitoring of professional standards.
Uniquely among the professional accountancy bodies in the UK, CIPFA has responsibility for setting accounting standards for a significant part of the economy, namely local government. CIPFA’s members work (often at the most senior level) in the public service bodies, in the national audit agencies and major accountancy firms. They are respected throughout for their high technical and ethical standards and professional integrity. CIPFA also provides a range of high quality advisory, information and training and consultancy services to public service organisations. As such, CIPFA is the leading independent commentator on managing and accounting for public money.
The NHS Wales Finance Academy is a part of NHS Wales and brings together representatives from all Welsh local health board and trust finance teams together with key learning and development partners.
Our recently launched Vision, which was developed through engagement with all our staff, is centred on Finance Adding Value, recognising the unique business partnering role finance plays in the NHS, and how our people and systems are helping deliver safe, effective patient care. The four themes of Finance Adding Value are: Developing our People, Innovating and adding Value, Driving Excellence and Working in Partnership.