Job Description

The Head of Financial Planning and corporate reporting is responsible for providing a comprehensive range of financial information to support Trust management in making key decisions. This includes the collation of monthly financial management information and producing reports for external, internal purposing including Trust committee’s and Trust Board
Support the process of financial planning for the Trust to provide and co-ordinate the multiple inputs and outputs required including the co-ordination with budget holders, finance leads and Workforce. Assist in the creation of the Trusts written plan and submission of the Trusts Financial planning return Lead the process of strategic financial planning (medium term and long-term financial models) for the Trust to provide and co-ordinate the multiple inputs and outputs required including the co-ordination with the Directors, Finance Leads and Human Resources.
Supporting and coordinating the Trust’s annual budgeting process including identification and prioritization of cost pressures and the monitoring and reporting of performance against budget throughout the year.
Leading on national and other local financial reporting and other requirements including to compile and coordinate the production of monthly financial and workforce monitoring returns.
The finance team are now recruiting to this exciting role which is integral to the success of the organization. As a key member of the senior team, you will lead in the Trust planning process and ensure that finances are aligned to the operational and workforce plans within the Trust.
You will be responsible for enhancing relationships between financial management and other departments and will require active engagement with clinical and non-clinical teams in financial performance management, cost improvement development and ensuring that the financial planning process is sound. You will advise on highly complex issues and provide financial and business planning advice.

MAIN DUTIES

• Contribute to the monthly financial closedown within the Finance team, and to work with the Senior Finance team to produce the monthly financial position.
• This will require detailed, and potentially complex, monthly analysis of financial data and effective communication of the cause and impact of material variances in conjunction with the senior finance team.
• Ensure high quality accurate financial information and advice is provided to support managers and the Operational Director of Finance and Chief Finance Officer and other stakeholders in effective decision making, including statutory returns and benchmarking returns.
• Manage the co-ordination and delivery of effective financial reporting advice to the Operational Director of Finance and Senior Managers within the organization.
• Provide timely and accurate information to comply with external and internal needs i.e. to enable the accurate and timely production of the annual budgets in line with specified timetables to meet internal and external requirements, ensuring an effective audit trail back to the general ledger.
• Be responsible for collating and reporting of financial information in line with the Trust’s STP commitments.
• Ensuring the Trust maintains a comprehensive reconciliation of its reserves position and provide sufficient scrutiny and governance of the use of the funds, developing robust monitoring and recording of the inter-relationships between income and expenditure
• Working closely with workforce colleagues to ensure the integrity of the Trusts funded establishment to that of the ESR database on a monthly basis
• Lead on the financial management and reporting of the Pharmacy, ensuring management of a management account/accounts assistant work including responsibility for training, working with Financial Accounts, managers and audit as required, and attending Pharmacy board meetings.
• Responsible for the preparation of any required regular or ad-hoc papers and reports for the Pharmacy board and management
• The job description is not intended to be exhaustive and it is likely that duties may be altered from time to time in the light of changing circumstances and after consultation with the post holder.

Required Knowledge, Skills, and Abilities