Finance Business Partner
Posted 1 day 6 hours ago by NHS
A career opportunity has arisen for a Finance Business Partner to join our Finance Team at King's College Hospital NHS Foundation Trust.
Effective Finance Business Partners are the ones who make the connections between people, groups and issues. They have the courage to speak up, to challenge, to hold up the mirror to the business and ask questions. They will be sitting in the middle of the decision making table offering a financial angle as well as insight to help drive better outcomes for patients.
Candidates from either the private sector or wider public sector organisations are strongly encouraged to apply. NHS experience is beneficial but not essential for the Finance Business Partner roles. We are looking for people who are motivated, ambitious and want to work in an environment where they can make an impact.
Main duties of the jobPlanning and Development
- Produce financial plans for the division that meets the financial objectives of the Trust.
- Develop, implement and monitor the financial components of the Divisions Annual Plan ensuring that efficient systems are available to allow income and expenditure plans to be projected for up to 3 years.
- Lead in the development of divisional CIP schemes. Review CIP plans for the services within their divisions, challenging assumptions and assessing risk to ensure scheme information is robust, accurate and deliverable.
- Lead on investment appraisal and highly complex financial analysis of divisional development proposals and business cases, both internal and external to the Trust. Work closely with the capital team to ensure that the impacts of capital costs are fully factored into revenue business cases and vice versa. Challenge assumptions with relevant individuals and ensure that financial modelling is robust, accurate and in line with overall Trust objectives, assessing risks and identifying risk mitigating actions as required.
- Present highly complex financial information to Executive Directors, Divisional Managers, Divisional Clinical Directors and other Senior Managers within the Trust.
- Analyse and identify the consequences and risks of short and long-term impact of local service changes and national financial decisions.
King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1.8 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 responsibilities- Be the lead for one of these key financial management departmental roles.
- Reporting development lead.
- Responsible for interpreting national guidelines and setting guidance on how they apply to the Trust ensuring correct policies and processes are in place to ensure they are implemented correctly.
- Performance Monitoring
- Provide high quality, accurate and timely financial management information with a focus on identifying trends, risks and opportunities. This will include forensic financial analysis and investigation to understand and highlight key issues for attention and action.
- Lead discussions on the financial performance of the Division. Discuss, contend and appropriately challenge divisional management and senior clinicians on financial matters and highlight the financial implications of non-financial decisions.
- Interpret accounting guidance and DH directives/decisions in regard to accounting and funding mechanisms and assess the impact and recommend actions that ensure clinical services maximise their income and minimise their costs.
- Provide support to the Division regarding Capital Expenditure and service line profitability.
- Lead the production of financial information, providing efficient and effective systems to explain current performance, forecast future performance and satisfy external requirements.
- Oversee the provision of an effective budgetary control system for managing expenditure such as temporary staffing. Provide budget holders with accurate and reliable feedback on their financial performance to support the delivery of the Trust's financial objectives.
- Lead the annual budget setting process for the Division, supporting and negotiating with Executive Directors/Divisional Managers to meet Trust and Divisional efficiency and savings targets.
- Develop strategies that will maximise the Trust's financial position through effective coordination between income, expenditure and business management.
Please refer to the job description for full details.
Person Specification Qualifications- Qualified CCAB accountant, with substantial post qualification experience at a senior level.
- Educated to Degree level.
- Full working knowledge of General Ledger system and associated software.
- Appropriate understanding of the different accounting treatments required for the NHS by legislation or Department of Health policies.
- Significant management accounting experience at a senior level.
- Significant experience of the NHS or similar clinical environment.
- Staff management experience including recruitment, selection, objective setting, appraisals and managing performance.
- Expert understanding of management accounting processes and best practice, including forecasting, modelling, trend analysis.
- Detailed knowledge of the commissioning regime; knowledge of the structure of the national tariff, and the effects of policies such as QIPP, CQUINS and emergency readmissions on divisional income.
- Detailed and up to date understanding of the Local and National key financial policies: Standing Financial Instructions, Standing Orders, Budgetary Control Policy, Establishment control policies, the wider NHS financial regime.
- Knowledge of other non-financial KPIs and the interdependency with the financial position, e.g. 18 weeks, 4-hour ED target, Cdiff and MRSA.
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.
King's College Hospital NHS Foundation Trust
£70,387 to £80,465 a year per annum inc HCA's