Deputy Business Advisor

Job description

Job responsibilities

Key Duties:

Financial Planning and Reporting

Supports the Business Advisor (Corporate / E&F / Digital) in providing financial support to the Division and Service Lines.

Co-ordinates and manages the process of annual budget setting for Division working within an agreed corporate framework.

Support the Business Advisor (Corporate / E&F / Digital) in monitoring and reporting upon potential financial risks and risk minimisation strategies

Monitor and forecast expenditure trends/budgetary performance on a monthly basis, identifying variances & service issues for managers & advising them appropriately

Develops and maintains systems to monitor and update Division and Service Line financial plans and advise them on corrective actions where necessary.

Provide information on a monthly basis to contribute to corporate financial reports.

Supports the Business advisor (Corporate / E&F / Digital) and Divisional Directors and Managers in the identification of efficiency savings and provides a monthly schedule of progress against agreed targets

Provision of Financial Advice and Training

Provide formal and informal training, advice and guidance to a wide variety of staff on Standing Financial Instructions and finance and business management issues in order to improve financial awareness, performance, cost effectiveness, and efficiency, revenue generation and to maximise the use of assets.

Provide Business Management and Decision Support

Support the Business Advisor (Corporate / E&F / Digital) in undertaking robust financial evaluation of proposed service changes/developments.

Assists in the development and production of business cases and tender responses, generating options for investment, appraisal of the options and identification of project resources.

With the Business Advisor (Corporate / E&F / Digital) ensure all changes in services or developments are identified and that resource implications are quantified and accounted for.

Contribute to the development of service line reporting in the Division and wider Trust.

With Budget Holders, negotiate Service Level Agreements with a range of external organisations and ensure income is recovered.

Develop and maintain benchmarking and costing apportionments/information to support the business including the production of Reference Costs for the relevant service lines within the Division; this will include the ERIC and Corporate Services (Back Office) returns.

Introduce, adapt and improve financial and information systems within the Division and the wider Trust to assist budget managers in decision making and planning.

Be an active Member of Multidisciplinary Teams

Prepare and present accurate financial information to inform a variety of decision making forums, including formal reports and presentations to meetings linking and interpreting financial, activity, and performance management information.

Work to develop strong relationships with clinicians and managers to develop a culture of shared responsibility for financial issues.

Manage a Small Team of Staff

Leads, manages and motivates a small team on a day to day basis, communicates clearly and openly, creating a sense of trust and encouraging two way discussions/dialogue.

Monitors the work completed by Team members ensuring it is completed to time and quality requirements, and ensure members of the team are regularly appraised.

Complete appraisals of FMA staff and identify the training needs of the team members and ensure PDPs are in place.

Active Member of the Finance Directorate

Participate in finance staff training & development activities

Represent the Finance Directorate contributing to and participating in Trust wide projects and groups to provide a range of financial and business management support.

Identifies and takes responsibility for own development and helps to develop others.

Contributes to improvement activities across the directorate.

The range of duties outlined above is not exhaustive and is subject to modification in light of changing service needs. In addition to the above the post holder may be required to undertake other duties which fall within the grade of the job, in discussion with the manager.

General Duties:

To support the Business Advisor (Corporate / E&F / Digital) in providing robust financial planning and reporting service to a Division including financial forecasting and risk assessment.

To provide expert financial advice and training to a range of managers and clinicians within the division.

To support the Business Advisor (Corporate / E&F / Digital) in providing business management support to enhance decision making within the division.

To be an active member of multi-disciplinary teams contributing to the management of the Division and Service lines.

Manage a small team of staff ensuring regular appraisal and development opportunities.

To be an active member of the Finance Directorate contributing to its development.

Deputise for the Business Advisor in their absence.

Person Specification

Personal Qualities

Essential

• Please describe how you priorities self and others' workload effectively to meet demands and targets when under pressure.
• Give examples of when you have demonstrated professional integrity.

Skills & Knowledge

Essential

• Please give detail of your skills and knowledge in the following areas:
• - Your expertise of financial systems.
• - Give examples of your ability to influence and negotiate with a wide range of people. This should include your methods of communication.
• - Give examples of your investigative and analytical skills to convey complex financial information to a non-finance audience.
• - give examples of high level reports you have written, who was the target audience?

Desirable

• Please demonstrate whether you have any specialist knowledge of financial and accounting procedures.
• Do you have knowledge of acute hospital environment?

Qualifications

Essential

• Minimum 5 O Levels, GCSEs or equivalent (including Maths and English.
• CCAB qualifications or CIMA.
• Committed to Continuing Professional Development.

Desirable

• Graduate

Experience

Essential

• Please demonstrate or give an account of your experience in management accounts.
• Please describe how you lead and motivate staff.
• What is your experience in terms of numeracy and analytical tasks and in what instances are these mainly used.

Desirable

• Additionally, please describe if you have any experience in the following areas:
• Acute Sector Experience.
• Experience at senior level in the NHS Finance sector.

Employer details

Employer name

Worcestershire Acute Hospitals NHS Trust

Address

Charles Hastings Way

Worcester

Worcestershire

WR5 1DD

Employer's website

https://www.worcsacute.nhs.uk/ (Opens in a new tab)