Strategic Finance and Planning Manager

The Princess Alexandra Hospital NHS Trust

This job is now closed

Job summary

The Finance Team at The Princess Alexandra Hospital are embarking on a significant transformation and modernisation which will enhance the work of those within the finance team and across the organisation. We are looking for a number of experienced finance professionals to join us in strengthening the team to support this transformation along with the exciting development of strategic projects including our New Hospital Programme.

The Trust is now seeking to attract a highly motivated, ambitious and enthusiastic individual as Strategic Finance and Planning Manager. Reporting to the Head of Strategy, Income and Contract, you will lead in the strategic and planning functions of the Trust.

This is an excellent opportunity for those wanting to be part of an enthusiastic and pro-active team and positively contribute to the development of the department and drive forward change. Development of a service orientated culture is at the heart of the changes and you can expect to engage with colleagues, whose role is to support clinical teams, on a regular basis and so well-developed communication skills will be essential.

Main duties of the job

Leading the development of the Trust's annual and longer term strategic financial plan.

Working closely with Trust colleagues across corporate, clinical and operational teams, and with wider system partners, to ensure plans are aligned and developed in a consistent manner.

Produce high quality analysis to aid effective trend analysis which is supportive in the understanding of the link between the medium-term plan, in-year plan and in-year performance.

Develop close working relationships with the Head of Strategy, Income and Contracts, Deputy Director of Finance and the Finance Director, ensuring they are fully briefed on developments and consulted for approval as required. Attend any service relevant sub committees, which include answering any detailed questions on the Trusts financial performance and forecasting as required.

Manage an effective working relationship with external stakeholders such as NHSE leads, ensuring the provision of all required information and supporting analysis to any required deadlines.

About us

The Princess Alexandra Hospital NHS Trust (PAHT) provides a full range of general acute, outpatient and diagnostic services at The Princess Alexandra Hospital in Harlow, the Herts and Essex Hospital in Bishop's Stortford, and St Margaret's Hospital in Epping.

We employ 3,500 staff and serve a local population of around 350,000 people living in west Essex and east Hertfordshire, centred on the M11 corridor and the towns of Harlow, Bishop's Stortford and Epping. Our extended catchment area incorporates a population of up to 500,000 and includes the areas of Hoddesdon, Cheshunt and Broxbourne in Hertfordshire.

Date posted

16 October 2023

Pay scheme

Agenda for change

Band

Band 8c

Salary

£72,428 to £83,149 a year per annum inclusive of high cost area supplement

Contract

Permanent

Working pattern

Full-time

Reference number

292-5713496-ASL

Job locations

Kao Park

Harlow

CM17 9NA

Job description

Job responsibilities

Help in the preparation and manage the Trust strategic Long Term Financial Model (LTFM) co-ordinating Income & Expenditure, Balance Sheet and Cash flow plans, integrating financials

with activity, workforce, capacity plans (including physical estate and capital programme) and risk quantifications.

Work with relevant colleagues to establish the assumptions to enforce within the financial model. Directly engage with peers and senior colleagues to co-ordinate key input models (e.g. Activity, Workforce, Capital, Transformation)

Work with operational and finance colleagues in developing a robust activity and finance plan applying the business rules and guidance as periodically directed by NHS England

Interpret the strategic intentions within the Trusts strategic documents and those of external stakeholders and reflect in the model.

Work alongside and in partnership with other teams and Divisions, to develop a series of consistent and coherent strategic plans (both annual and longer term), ensuring that there is alignment across the plans.

Undertake analysis on the LTFM, including bridge analysis between current performance and the model output to be used to support internal decision making and for publishing to external stakeholders.

Prepare update documents, presentations and model maps to ensure that the model is fully documented and current assumptions are available for all users including Executive Directors and external stakeholders.

Ensure plans are regularly subjected to multiple and complex sensitivity and risk testing, evaluating a range of potential impacts from external and internal factors

Lead on the development of the downside risk mitigation plans in conjunction with Divisional Leadership Teams and Executive Directors

Ensure LTFMs are updated accurately and completely in line with the Trust timetable, or as and when required by NHS England/ICS.

Co-ordinate and respond to ad-hoc and routine requests, from external and internal parties adhering to strict deadlines and ensuring that adequate review has taken place with the Head of Strategy, DDoF and DoF.

Demonstrate a high degree of initiative and autonomy in interpreting relevant DHSC policy and information, and in making and advising on interpretations and applications.

Develop an in depth understanding of the underlying data, financial models and Trust business to ensure that reporting outputs meet user needs. Ensure the drivers of deficit are fully understood and feed into financial recovery plans.

Ensure financial and economic modelling aligns to national requirements with organisational needs, presented in a robust and easy to understand way to ensure adoption across the Trust.

Conducts strategic financial assessments and provides financial input to strategic projects business cases, testing the rationale behind investment decisions and using an understanding of the strategic context behind NHS decision-making to inform conclusions.

Lead and participate in conception, analysis, development and implementation of the Trust's strategic objectives in respect to external collaborations, joint ventures, and major capital investments, including due diligence where required and be the Trust's Finance lead on these major Business Cases.

Work closely with the Executive Team, Non-Executive Directors, Senior Managers and Clinicians in providing intelligent, informed and credible expert financial advice, guidance and clear analytical information on strategic opportunities, challenging assumptions and beliefs to ensure robust financial forecasts and nurturing a culture of considered investment across the organisation.

Lead robust financial reviews of key strategic projects following their implementation to determine the implications on the Trusts medium and long-term financial plans.

Conduct research to identify or modify business opportunities or practices that will enhance operating margin. Assess financial and operational risks associated with the opportunity.

Work with external advisors for the Trust, legal and financial, liaising and directing specification as required in accordance with engagement term.

Perform robust financial reviews and forecasting of operating financial models, utilising comparative tools, such as benchmarking, and lead on developing their use across the Trust.

Prepare business models and valuations using various techniques, assumptions and sensitivities such as analysing the impact of potential corporate transactions on the financial framework of the organisation, including the building of uncertainty.

Strategic Developments and Business Cases

Finance lead into large-scale strategic business cases as required, working closely with the Senior Responsible Officer for the case / project. Presenting outcomes within the case and implications to the organisation and ensuring stakeholder engagement.

In conjunction with Finance Business Partners and Wider Trust colleagues carry out post implementation reviews once a business case has been approved and implemented.