£55903 - £61996 Per year
Finance Manager
Full Time
Job Description
- To ensure the development of robust financial forecasts reflecting Directorate operation plans and ensuring these are agreed and understood by Directorate Management Teams.
- To support the implementation and development of the Financial Management service level agreement with its customers.
- Actively supporting the compliance framework and developing the agreement to ensure customers’ needs are met.
- Identifying opportunities for financial efficiencies and highlighting areas of risk and ensuring these are closely monitored.
- Provide business partnering support to the Directorate(s) in all regular and ad hoc financial management and planning activities
- Be responsible for preparing the monthly finance reports and forecasts for their Directorate(s), and presenting these within the directorate and to more senior staff
- Demonstrate strong persuasion and negotiation skills to ensure projections and plans agreed with the directorate are realistic and achievable
- Be responsible for analyzing the impact of cost improvement schemes and supporting the identification of savings opportunities and developing future financial plans
- Support the Directorate’s annual financial planning processes and provide financial input into and evaluation of proposed service developments
- Demonstrate confidence in communicating with staff at all levels and across all professional disciplines, and explain complex financial information to both finance and non-finance staff in a meaningful way
- This role requires strong time management and people skills and the ability to maintain high quality outputs in a fast paced environment
- To be the Directorate’s primary point of contact for finance issues, providing flexible business partnering support, resolving queries, and signposting to additional resources as appropriate
- To support in the induction, training, and development of a team of financial management staff
- To take an active role in developing finance staff through on the job training, professional academic studies, and other approaches such as mentoring, career and personal development plans
- To provide expert sectional operational management, set objectives and priorities, and to motivate and appraise staff
- To provide professional expert guidance to Directorate and service managers and to challenge assumptions when required ensure the development of robust financial forecasts
- To be the financial lead on the production of the financial plan for the year ahead, working closely with operational managers to develop savings initiatives and business cases, and identifying cost pressures and potential opportunities to mitigate against them
- To provide accurate and timely financial performance information to the Directorate
- Produce and strengthen financial performance reporting (both monthly and ad-hoc)
- To present complex financial management information clearly, to senior directorate staff and Trust Executive Directors, including non-Finance colleagues
- To build and maintain strong relationships with a broad range of stakeholders from different backgrounds
- To develop with directorates an awareness of financial performance requirements, and of the need for budgetary control
- To participate in Trust wide training and communication initiatives
- To ensure that all managers are aware of, and act in accordance with Standing Financial Instructions
- To provide input to the costing, pricing and financial planning activity of the Trust, including reviewing all costs and prices and recommending changes to contracts where appropriate.
- To monitor and review directorate forecasts and ensure that plans are adequately implemented and monitored from the start of each year, and to ensure a consistent approach for new plans developed during the year
- To identify ways to improve income generation across the Trust and to maximize income from current sources
- To identify ways to reduce costs and enhance value across the Trust
- To assist in the production of external service agreements, internal recharge agreements and to support the development of new service plans
- To undertake the required financial reviews in the evaluation of business cases and tenders
Required Knowledge, Skills, and Abilities
- Completion of a CCAB recognized accountancy qualification
- An in-depth understanding of NHS accounting and reporting issues and the application of these within the Trust
- Acquisition of the technical and personal skills and competencies is considered to require at least five years’ experience across the accountancy functions
- Demonstrate ongoing commitment to personal and professional development, including ensuring any CPD requirements are met, including but not limited to those set out by the post holder’s professional registration body.
Reference no: 104026