Detailed job description and main responsibilities
* To support the Assistant Director of Finance with all aspects of financial management of the division to ensure financial viability and to work with Clinicians and Managers to assess and improve the profitability and productivity of the Care Group.
* To provide the division and the trust with comprehensive financial information and advice relating to all service aspects to enable and support managers to plan and monitor delivery of their services efficiently and effectively.
* To support the Assistant Director of Finance with the preparation of divisional income and expenditure budgets in accordance with guidelines and deadlines provided by the Director of Finance.
* To lead the financial and economic appraisal of business cases developed by the Division at the same time as challenging the Division to ensure value for money is delivered. Ensure that financial risks within the cases are fully understood, and that benefits realisations and performance are monitored once the case is operational.
* To lead on the reviewing of cost-based management information for the division to ensure that the cost of delivering the service is accurately reflected. To undertake benchmarking to enable comparison and evaluation when necessary.
* To support the Division in business forecasting for the annual business planning cycle and in year monitoring for both income and expenditure, in terms of modelling and analysing future scenarios around changes in demand, activity and resultant capacity requirements.
* To support the division in the management of the expenditure and income budgets, advising on variances and challenging on adverse expenditure and developing monthly forecasting plans throughout the financial year. Continually act to promote financial control and stewardship to safeguard the use of funds and promote value for money. Ensure the appropriate use of funds within the Care Group.
* To support the division in the identification and monitoring of cost improvement plans.
* To support the division in reviewing skill mix and expenditure to provide a cost-effective service.
* Ensure that detailed working papers are prepared and kept on the audit file.
* To liaise with auditors and ensure all requested information is supplied in a timely manner and that all relevant audit recommendations are implemented.
* Exercise independent judgement and initiative when problems arise and take appropriate action to resolve areas of concern.
* To support clinicians and managers within the Division in having access to financial and non-financial business intelligence information through the development of increased levels of automation of performance data.
* To work with the Contracts and Income team to refine costings per unit of activity so the division can critically analyse their costs to inform Service Line Management.
* To devise and propose a recommended costing solution, in association with the Trust's Finance Department to the division, having taken into account all the Divisional and Trust requirements and constraints.
* To devise administrative systems to capture and analyse data, such that different levels of analysis will flow.
* To ensure that Patient Level Costing is incorporated within the Divisional financial systems such that it becomes an inherent part of the Division's financial and management reporting.
* To research all available benchmarking methodologies and identify those which may be applicable to the various functions within the Division.
* To be responsible for specifying and collating all benchmarking financial and non-financial information.
* To establish a network of various relevant external comparators / organisations, and routine mechanisms for the exchange of data
* To generate divisional benchmarking reports for the Divisional management team.
* To provide the financial and activity/information input to develop the Business Plans for the Division and to develop option appraisals for different programmes of work to maximise their respective contribution.
* Liaise with external advisors for specific expertise e.g. Taxation and Legal considerations.
* Monitor the market share and demand to ensure activity and income.
* Prepare an annual strategic plan which includes appropriate material to promote MWL Services.
* Develop comprehensive business plans when required liaising Trust-wide as appropriate.
Person specification
Qualifications
Essential criteria
* Fully Qualified CCAB or CIMA Accountant
* Educated to degree level (or equivalent) in Accounting.
* Evidence of continuous professional development
Skills & Abilities
Essential criteria
* Excellent communication skills both written and verbal and all levels.
* Financial Analysis and forecasting
* Excel to advanced level.
* Good understanding of accounting processes.
* Ability to provide detailed costings in relation to episodes of activity
* Demonstrate an entrepreneurial and innovative approach to problem solving.
* Ability to work without supervision and own initiative
* Ability to work under pressure and prioritise effectively.
Experience
Essential criteria
* Post qualification experience in a senior financial management position
* Experience of managing a team, to provide high quality and accurate financial support to the Support Services Care Grou
* Sufficient experience of business analysis to be able to demonstrate a thorough grasp of cost and income drivers to make the Care Group contribute to the success of the Trust.
* Management experience of a team which will include dealing with disciplinary and grievance issues, performance and sickness absence.
* Presentation of financial and non- financial information
* Working with non-finance staff
* sound understanding of NHS funding streams
* Experience of performing reconciliations and explaining to non-Finance colleagues
Knowledge
Essential criteria
* Knowledge of computerised financial systems.
Desirable criteria
* Knowledge of the NHS Trust financial regime.
Transitional arrangements are in place for EU,EEA and Swiss Citizens following the UK's withdrawal from the EU. Should you this apply to you, you are advised to familiarise yourself with these arrangements to ensure you continue to have right to work in the UK and how to evidence that right in the future. Please see the document attached to this vacancy. This requirement does not apply to Irish citizens, who can continue to freely enter, live and work in the UK.
The Trust is a non-smoking site. Failure to follow this rule could lead to disciplinary action.
Please be aware, that we may close a vacancy earlier than stated, should a sufficient number of applications be received from which a shortlist can be confirmed therefore you are advised to apply at your earliest convenience. The Trust may contact you during the recruitment process for your feedback on your experience.
We actively cultivate a professional environment of fairness, equality, dignity, and respect for all individuals. We welcome individuals from all backgrounds and value the unique skills, perspective and experience you bring. We are grounded in the belief that diversity enhances our collective strength, fostering innovation and excellence within our workforce.
As a Disability Confident Leader, we commit to offering an interview to all disabled applicants who meet the minimum criteria for the job (the essential criteria) listed in the personal specification. If you wish to apply under this Guaranteed Interview Scheme, please indicate this on the online application form.
The Trust operates anonymous shortlisting where no personal information about you, including your name or personal details are shared with the recruiting manager. No equality information is shared at any time during the recruitment process with the recruiting manager or other people involved in the decision making process.
The equality monitoring information you provide is used in the following situations: to review our recruitment practices; where a job is limited to a specific person to verify their eligibility to apply; and to offer disability reasonable adjustments to the recruitment process.
If you are having difficulty completing an online application, or require any disability reasonable adjustments, to the application process, please contact [email protected]
Employer certification / accreditation badges
Applicant requirements
You must have appropriate UK professional registration.
This post is subject to the Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975 (Amendment) (England and Wales) Order 2020 and it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service.
Documents to download
* Job Description ( PDF, 160.6 KB )
* Person Specification ( PDF, 224.6 KB )
* Important information for candidates ( PDF, 90.5 KB )
* Staff Benefits ( PDF, 4.0 MB )
* Your recruitment journey ( PDF, 294.2 KB )
#J-18808-Ljbffr