Job summary
At Royal Free NHS Foundation Trust, we are looking to recruit for the position of a Finance Business Partner to join our staff BANK.
We have a fantastic variety of work underway at our hospitals which will both stretch you professionally and ensure you have a rewarding workplace experience. You will be expected to quickly develop an understanding of the business of healthcare provision, to support and lead on quality decision making through provision of excellent analytical support.
Be part of a diverse, energetic and capable hospital group finance team, which is focused on supporting financial recovery and developing best in class finance reporting and business analytics
VISA SPONSORSHIP DOES NOT APPLY TO THIS ROLE
Main duties of the job
To support the operational and non-operational managers of a number specified service lines in delivering their financial strategy and key financial goals, through the provision of high quality financial management, control and planning services, advice and support. This involves strategic, organisational and operational discussion, analysis and reporting to enable the efficient an effective use of service line resources.
To provide financial support to development of divisional FIP/savings plans and monitor the delivery of these plans.
Responsible for the preparation and review of business cases ensuring that all costs/income/benefits are fully understood and those decisions on new initiatives are taken with full knowledge of the financial implications.
For further information please refer to the attached JD and PS.
About us
You will be expected to quickly develop an understanding of the business of healthcare provision, to support and lead on quality decision making through provision of excellent analytical support. You will be an integral member of the hospital finance team and be expected to contribute to the development, agreement and implementation of priorities.
We are an equal opportunities employer and welcome all applications irrespective of age, disability, gender, sexual orientation, race or religion.
Job description
Job responsibilities
MAIN DUTIES AND RESPONSIBILITIES :-
Royal Free World Class Values
The post holder will offer World Class Care to service users, staff, colleagues, clients and patients alike.
RESPONSIBILITY FOR POLICY AND SERVICE DEVELOPMENT
- To support services in the development of FIP/savings plans, working with service managers, budget holders and clinicians on both income and expenditure development. To maintain monitoring systems to track delivery of the annual FIP/savings plan.
- Along with the Head of Finance, to develop a focus on service line and divisional profitability and return on investment, developing short and medium term financial and savings plans aligned with strategic plans.
- To lead on the financial and economic analysis required for business cases, ensuring that the costs, benefits and income and expenditure of projects are fully understood and clearly disclosed within business cases.
- To carry out post implementation reviews once a business case has been approved and implemented to confirm whether the proposal delivered the benefits it promised and to understand any variances between actual results and those anticipated when the business case was approved.
- To assist in the production of external service agreements and contracts in line with trust policies and to support the development of the new service plans.
- To analyse and interpret relationships between patient activity data and other key performance indicators and the financial performance of respective areas, in order to anticipate trends and identify weaknesses in budgetary control systems and to establish any implications on corporate support services and service funding streams.
- To lead on the financial support for a number of strategic projects or service developments within the division.
RESPONSIBILITY FOR FINANCIAL AND PHYSICAL RESOURCES
- To lead the annual budgetary cycle for specified service lines, using specialist knowledge and expert systems. To provide challenge to operational managers and clinicians on budget setting assumptions and work with budget holder to assess risk and mitigation strategies.
- The post holder will be a key customer of the management reporting team and will need to ensure the coordination, review, integrity and timeliness of the monthly financial reporting process for specified service lines.
- Oversee day to day administration for service lines of the budgetary control system such that respective budget have complete accurate timely and relevant financial information available enabling them to control costs within their areas of responsibility and to fulfil the Standing Financial Instructions of the Trust.
- To support all commercial propositions at divisional level and to support the Head of Finance in undertaking or overseeing the financial management on all key contracts within the division.
- To maintain and ensure that all Trust financial control procedures including Standing Orders and Standing Financial instructions are adhered to.
RESPONSIBILITY FOR LEADING AND MANAGING
- To indirectly lead a team of finance staff, participating in recruitment and support their personal and technical development including establishing best practice, inputting into their appraisal.
- The post holder will participate in the provision of formal financial training to budget holders and clinicians and be responsible for ensuring adequate financial training within specific service lines.
For further information please refer to the attached JD and PS.
Job description
Job responsibilities
MAIN DUTIES AND RESPONSIBILITIES :-
Royal Free World Class Values
The post holder will offer World Class Care to service users, staff, colleagues, clients and patients alike.
RESPONSIBILITY FOR POLICY AND SERVICE DEVELOPMENT
- To support services in the development of FIP/savings plans, working with service managers, budget holders and clinicians on both income and expenditure development. To maintain monitoring systems to track delivery of the annual FIP/savings plan.
- Along with the Head of Finance, to develop a focus on service line and divisional profitability and return on investment, developing short and medium term financial and savings plans aligned with strategic plans.
- To lead on the financial and economic analysis required for business cases, ensuring that the costs, benefits and income and expenditure of projects are fully understood and clearly disclosed within business cases.
- To carry out post implementation reviews once a business case has been approved and implemented to confirm whether the proposal delivered the benefits it promised and to understand any variances between actual results and those anticipated when the business case was approved.
- To assist in the production of external service agreements and contracts in line with trust policies and to support the development of the new service plans.
- To analyse and interpret relationships between patient activity data and other key performance indicators and the financial performance of respective areas, in order to anticipate trends and identify weaknesses in budgetary control systems and to establish any implications on corporate support services and service funding streams.
- To lead on the financial support for a number of strategic projects or service developments within the division.
RESPONSIBILITY FOR FINANCIAL AND PHYSICAL RESOURCES
- To lead the annual budgetary cycle for specified service lines, using specialist knowledge and expert systems. To provide challenge to operational managers and clinicians on budget setting assumptions and work with budget holder to assess risk and mitigation strategies.
- The post holder will be a key customer of the management reporting team and will need to ensure the coordination, review, integrity and timeliness of the monthly financial reporting process for specified service lines.
- Oversee day to day administration for service lines of the budgetary control system such that respective budget have complete accurate timely and relevant financial information available enabling them to control costs within their areas of responsibility and to fulfil the Standing Financial Instructions of the Trust.
- To support all commercial propositions at divisional level and to support the Head of Finance in undertaking or overseeing the financial management on all key contracts within the division.
- To maintain and ensure that all Trust financial control procedures including Standing Orders and Standing Financial instructions are adhered to.
RESPONSIBILITY FOR LEADING AND MANAGING
- To indirectly lead a team of finance staff, participating in recruitment and support their personal and technical development including establishing best practice, inputting into their appraisal.
- The post holder will participate in the provision of formal financial training to budget holders and clinicians and be responsible for ensuring adequate financial training within specific service lines.
For further information please refer to the attached JD and PS.
Person Specification
Royal Free World Class Values
Essential
- Demonstrable ability to meet the Trust Values
Experience
Essential
- Post qualification analytical financial management experience.
- Successful experience of managing teams including experience of leading management accounting teams
- Experience of managing budget setting in large and highly complex organisations
- Experience of producing financial monitoring reports to Senior Management/Directors for large and highly complex organisation
- Knowledge and experience of financial systems
Desirable
- Experience of managing and developing financial management teams
- NHS financial management experience
- Acute hospital financial management experience
Education & Qualifications
Essential
- Professional qualification in accountancy (CIMA, ACA, CIPFA, ACCA)
- Expert knowledge gained through specialist training or experience. Evidence of maintaining and developing technical accounting expertise and of staying up to date with current accounting rules since qualification
Desirable
- Degree
- 3 A levels
- First time accountancy examination passes
Skills and Aptitudes
Essential
- Leadership Qualities and Influencing Skills :- oAbility to understand complex situations oAbility to work in a professional and positive manner and meet challenging deadlines oAble to challenge effectively while maintaining relationships oPro-active, Dynamic and flexible oAbility to work autonomously oDemonstrating initiative to work as an individual to meet deadlines.
- Ability to operate as part of the leadership of the department, proactively identifying ways to improve and working with others in the department to initiate these changes.
- Strong analytical skills with the ability to solve highly complex financial problems
- Excellent verbal and written communication skills
- The ability to manage time, meet deadlines and prioritise delivering to tight deadlines and managing the demands of senior stakeholders simultaneously
- Ability to make use of systems (initially Excel, PowerPoint, Microsoft Word) to prepare and present accurate, clear information and to identify what can be produced from other financial systems
- Strong organisational skills and ability to prioritise
- Flexible and able to manage workload to ensure delivery of both regular commitments and the support of Trust wide initiatives
- The ability to provide advice and support from across all of the accounting disciplines is essential
- Able to influence others, and be able to present a coherent case in support of a desired Ability to present and explain complex financial information in a manner that can easily be understood by non-finance managers
- Ability to analyse areas of work to identify areas which would benefit from continuous improvement
- Confident in taking decisions when needed yet knowing when to ask advice/ guidance or to gain approval before embarking on a specific course of action
- Record of improving processes and reporting in previous roles.
Personal Qualities & Attributes
Essential
- Able to communicate clearly and concisely both verbally and in writing
- Flexible team player, willing to 'roll up sleeves' where necessary
- Able to inspire and motivate others
- Positive 'can do' attitude
- Embraces change
- Resilient to cope with challenge and criticism
Person Specification
Royal Free World Class Values
Essential
- Demonstrable ability to meet the Trust Values
Experience
Essential
- Post qualification analytical financial management experience.
- Successful experience of managing teams including experience of leading management accounting teams
- Experience of managing budget setting in large and highly complex organisations
- Experience of producing financial monitoring reports to Senior Management/Directors for large and highly complex organisation
- Knowledge and experience of financial systems
Desirable
- Experience of managing and developing financial management teams
- NHS financial management experience
- Acute hospital financial management experience
Education & Qualifications
Essential
- Professional qualification in accountancy (CIMA, ACA, CIPFA, ACCA)
- Expert knowledge gained through specialist training or experience. Evidence of maintaining and developing technical accounting expertise and of staying up to date with current accounting rules since qualification
Desirable
- Degree
- 3 A levels
- First time accountancy examination passes
Skills and Aptitudes
Essential
- Leadership Qualities and Influencing Skills :- oAbility to understand complex situations oAbility to work in a professional and positive manner and meet challenging deadlines oAble to challenge effectively while maintaining relationships oPro-active, Dynamic and flexible oAbility to work autonomously oDemonstrating initiative to work as an individual to meet deadlines.
- Ability to operate as part of the leadership of the department, proactively identifying ways to improve and working with others in the department to initiate these changes.
- Strong analytical skills with the ability to solve highly complex financial problems
- Excellent verbal and written communication skills
- The ability to manage time, meet deadlines and prioritise delivering to tight deadlines and managing the demands of senior stakeholders simultaneously
- Ability to make use of systems (initially Excel, PowerPoint, Microsoft Word) to prepare and present accurate, clear information and to identify what can be produced from other financial systems
- Strong organisational skills and ability to prioritise
- Flexible and able to manage workload to ensure delivery of both regular commitments and the support of Trust wide initiatives
- The ability to provide advice and support from across all of the accounting disciplines is essential
- Able to influence others, and be able to present a coherent case in support of a desired Ability to present and explain complex financial information in a manner that can easily be understood by non-finance managers
- Ability to analyse areas of work to identify areas which would benefit from continuous improvement
- Confident in taking decisions when needed yet knowing when to ask advice/ guidance or to gain approval before embarking on a specific course of action
- Record of improving processes and reporting in previous roles.
Personal Qualities & Attributes
Essential
- Able to communicate clearly and concisely both verbally and in writing
- Flexible team player, willing to 'roll up sleeves' where necessary
- Able to inspire and motivate others
- Positive 'can do' attitude
- Embraces change
- Resilient to cope with challenge and criticism
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).
