Job summary
The Senior Finance Analyst role is responsible for generating and producing monthly budget statements and financial reports, in accordance with the Trust agreed timetables and departmental policies & procedures under the line management of a Senior Business Support Analyst.
Alongside this, the post holder will be responsible for investigating variances from plan by interrogating the Trust's financial systems and to summarise and report on these in monthly performance narratives. In addition, the Senior Finance Analyst will provide timely resource management information to the Budget Holders with which the role is linked and to assist in the provision of comprehensive financial management information and advice to a range of areas within the Trust.
The role will include meeting budget holders to support the Finance Business Partners and Senior Support Analysts in the budgeting, forecasting and business planning process.
In providing specialist financial expertise and leadership to the business there is an almost constant requirement for the post holder to exercise intense concentration and sustained mental effort in order to analyse, understand, retain and convey information.
Main duties of the job
Leadership
- Be a role model in how to provide a customer focused, high quality service to managers, directors, clinicians and finance business partners
- Work with colleagues in Contracting, Income, Costing and information/performance management to ensure the Trust has coherent integrated information, analysis and plans.
- Develop and maintain an understanding of the Trust's accounting processes and procedures and financial systems.
- Support the implementation of actions in response to recommendations from Internal Audit for the enhancement of internal controls and procedures in own areas of responsibility.
- Develop a comprehensive knowledge of national accounting standards and a good understanding of financial and other NHS legislation, NHS finance policies and initiatives relating to the NHS financial regime.
- Provide robust, accurate and timely core financial reports to meet internal and external month end/ year end deadlines.
- Ensure strong relationships and regular communications with all Trust finance managers to ensure they are informed of any data quality issues relating to the financial position of the Trust, new national guidance and policy issues, etc and to provide them with clear guidance as appropriate.
Please refer to the attached job description for further information.
About us
King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1 billion, 1.5 million patient contacts a year and more than 15,000 staff based across South East London. The Trust provides a full range of local and specialist services across its five sites. The trust-wide strategy of Strong Roots, Global Reach is our Vision to be BOLD;Brilliant people, Outstanding care, Leaders in Research, Innovation and Education, Diversity, Equality and Inclusion at the heart of everything we do. By being person-centred, digitally-enabled, and focused on sustainability, we aim to take Team King's to another level.
We are at a pivotal point in our history and we require individuals who are ready to join a highly professional team and make a real, lasting difference to our patients and our people.
King's is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible.
Job description
Job responsibilities
Financial Reporting, Budget Setting and Forecasting
- Produce annual income and expenditure base budget schedules for each sub division/department assigned. Including providing prompt and professional advice to Budget Holders for service developments, cost pressures & cost improvement programmes
- Produce comprehensive, robust, accurate and timely monthly financial reports for each assigned directorate/department, covering:
- Income and Expenditure
- Variance Analysis
- Forecasts
- Integration of non-financial (manpower and activity) information
- Narrative and audit trail reports
- Accurately prepare any specific internal & external recharges, accruals and amendment journals for processing by the Financial Management Transaction Officers.
- Maintain and contribute to the development of detailed standard operating procedure notes in relation to the month end duties you undertake.
- Provide training and advice to budget holders and other finance colleagues regarding financial management issues arising out of variance and other ad hoc analysis.
- Implement audit recommendations as required and ensure sound system of internal control is maintained.
- Understand the Trusts standing financial instructions, procurement policies, audit recommendations and any other centrally issued guidance relating to financial control and bring possible breaches of these policies to the attention of the Senior Finance Manager.
- Provide assistance as necessary to line managers and divisional managers with respect to calculations that underpin the formulation of cost improvement programmes and financial schedules incorporated within business cases.
- Attend directorate meetings and provide an explanation of financial performance with or without the support of the Senior Business Support Analyst
- Working with Senior Business Support Analyst, Senior Finance Manager and Financial Business Partners to ensure the delivery of accurate and timely reporting of financial information to appropriate levels of management.
- Cover other Business Support Analyst roles when required.
Training and Development
- Ensure you have a clear set of objectives and development plans and participate in regular performance appraisal meetings.
- Identify talent and support the internal talent management process in order attract and retain and succession plan.
Professional Responsibilities
- Maintain the integrity of the Trusts financial systems, procedures and reports.
- Maintain professional standards within the Financial Management Information and Analysis team.
- Ensure that Standing Financial Instructions, Standing Orders, financial policies and procedures are adhered to.
- Implement audit recommendations and continually working on improving financial practices throughout the trust.
- Contribute to the Finance Functions Continuous Improvement Programme
- Undertake Continuing Professional Development (CPD) in line with the relevant institute requirements.
General
- The post holder has a general duty of care for their own health, safety and wellbeing and that of work colleagues, visitors and patients within the hospital, in addition to any specific risk management or clinical governance accountabilities associated with this post.
- To observe the rules, policies, procedures and standards of King's College Hospital NHS Trust together with all relevant statutory and professional obligations.
- To live and role model the Kings Values of:
- Kind.We show compassion and understanding and bring a positive attitude to our work
- Respectful.We promote equality, are inclusive and honest, speaking up when needed
- Team.We support each other, communicate openly, and are reassuringly professional
- To observe and maintain strict confidentiality of personal information relating to patients and staff.
- To be responsible, with management support, for their own personal development and to actively contribute to the development of colleagues.
- The post holder has an important responsibility for and contribution to infection control and must be familiar with the infection control and hygiene requirements of this role.
- These requirements are set out in the National Code of Practice on Infection Control and in local policies and procedures which will be made clear during your induction and subsequent refresher training. These standards must be strictly complied with at all times.
- This job description is intended as a guide to the general scope of duties and is not intended to be definitive or restrictive. It is expected that some of the duties will change over time and this description will be subject to review in consultation with the post holder.
Job description
Job responsibilities
Financial Reporting, Budget Setting and Forecasting
- Produce annual income and expenditure base budget schedules for each sub division/department assigned. Including providing prompt and professional advice to Budget Holders for service developments, cost pressures & cost improvement programmes
- Produce comprehensive, robust, accurate and timely monthly financial reports for each assigned directorate/department, covering:
- Income and Expenditure
- Variance Analysis
- Forecasts
- Integration of non-financial (manpower and activity) information
- Narrative and audit trail reports
- Accurately prepare any specific internal & external recharges, accruals and amendment journals for processing by the Financial Management Transaction Officers.
- Maintain and contribute to the development of detailed standard operating procedure notes in relation to the month end duties you undertake.
- Provide training and advice to budget holders and other finance colleagues regarding financial management issues arising out of variance and other ad hoc analysis.
- Implement audit recommendations as required and ensure sound system of internal control is maintained.
- Understand the Trusts standing financial instructions, procurement policies, audit recommendations and any other centrally issued guidance relating to financial control and bring possible breaches of these policies to the attention of the Senior Finance Manager.
- Provide assistance as necessary to line managers and divisional managers with respect to calculations that underpin the formulation of cost improvement programmes and financial schedules incorporated within business cases.
- Attend directorate meetings and provide an explanation of financial performance with or without the support of the Senior Business Support Analyst
- Working with Senior Business Support Analyst, Senior Finance Manager and Financial Business Partners to ensure the delivery of accurate and timely reporting of financial information to appropriate levels of management.
- Cover other Business Support Analyst roles when required.
Training and Development
- Ensure you have a clear set of objectives and development plans and participate in regular performance appraisal meetings.
- Identify talent and support the internal talent management process in order attract and retain and succession plan.
Professional Responsibilities
- Maintain the integrity of the Trusts financial systems, procedures and reports.
- Maintain professional standards within the Financial Management Information and Analysis team.
- Ensure that Standing Financial Instructions, Standing Orders, financial policies and procedures are adhered to.
- Implement audit recommendations and continually working on improving financial practices throughout the trust.
- Contribute to the Finance Functions Continuous Improvement Programme
- Undertake Continuing Professional Development (CPD) in line with the relevant institute requirements.
General
- The post holder has a general duty of care for their own health, safety and wellbeing and that of work colleagues, visitors and patients within the hospital, in addition to any specific risk management or clinical governance accountabilities associated with this post.
- To observe the rules, policies, procedures and standards of King's College Hospital NHS Trust together with all relevant statutory and professional obligations.
- To live and role model the Kings Values of:
- Kind.We show compassion and understanding and bring a positive attitude to our work
- Respectful.We promote equality, are inclusive and honest, speaking up when needed
- Team.We support each other, communicate openly, and are reassuringly professional
- To observe and maintain strict confidentiality of personal information relating to patients and staff.
- To be responsible, with management support, for their own personal development and to actively contribute to the development of colleagues.
- The post holder has an important responsibility for and contribution to infection control and must be familiar with the infection control and hygiene requirements of this role.
- These requirements are set out in the National Code of Practice on Infection Control and in local policies and procedures which will be made clear during your induction and subsequent refresher training. These standards must be strictly complied with at all times.
- This job description is intended as a guide to the general scope of duties and is not intended to be definitive or restrictive. It is expected that some of the duties will change over time and this description will be subject to review in consultation with the post holder.
Person Specification
Education and Qualifications
Essential
- Part qualified CCAB or CIMA with experience.
- Full accreditation
Experience
Essential
- Experience of working in an NHS accounting department including experience in a management accounting role.
- Experience of using General ledger and financial reporting software packages.
- Understand and be able to apply the concepts and techniques for - Budgeting and financial planning - Costing and pricing - Variance analysis and financial reporting - The purpose of accounting accruals and provisions - Relationships between the balance sheet, revenue accounts and cash flow statements - The key financial performance targets for NHS Trusts - The rationale for Standing Financial Instructions and the means for ensuring that they are adhered to
Knowledge and Skills
Essential
- Accounting skills including being able to identify, articulate and evaluate key risks and assumptions in reaching conclusions
- Excellent interpersonal skills including the ability to communicate to all levels of non finance staff across the organisation
- Managing own workload and priorities and able to work to tight deadlines
Desirable
Person Specification
Education and Qualifications
Essential
- Part qualified CCAB or CIMA with experience.
- Full accreditation
Experience
Essential
- Experience of working in an NHS accounting department including experience in a management accounting role.
- Experience of using General ledger and financial reporting software packages.
- Understand and be able to apply the concepts and techniques for - Budgeting and financial planning - Costing and pricing - Variance analysis and financial reporting - The purpose of accounting accruals and provisions - Relationships between the balance sheet, revenue accounts and cash flow statements - The key financial performance targets for NHS Trusts - The rationale for Standing Financial Instructions and the means for ensuring that they are adhered to
Knowledge and Skills
Essential
- Accounting skills including being able to identify, articulate and evaluate key risks and assumptions in reaching conclusions
- Excellent interpersonal skills including the ability to communicate to all levels of non finance staff across the organisation
- Managing own workload and priorities and able to work to tight deadlines
Desirable
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.
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 (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided 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 (Opens in a new tab).
Additional information
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.
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 (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided 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 (Opens in a new tab).
Employer details
Employer name
King's College Hospital NHS Foundation Trust
Address
King's College Hospital NHS Foundation Trust
Denmark Hill
London
SE5 9RS
Employer's website
https://www.kch.nhs.uk/ (Opens in a new tab)
