Description

To apply for this role, please go to www.jobs.nhs.uk and search for role using reference 213-CORP-7895420-A

Main Duties and Responsibilities

Planning 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.
• Provide expert advice on the Division’s Income and Activity position to the Senior Divisional Team.
• Lead in the development of divisional CIP schemes.  To 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.  To work closely with the capital team to ensure that the impacts of capital costs are fully factored into revenue business cases and vice versa.  To challenge assumptions with relevant individuals and to be responsible for ensuring 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
•  To interpret contracting rules especially for non PbR and specialist NHSE commissioning.
•  Analyse and identify the consequences and risks of short and long-term impact of local service changes and national financial decisions.
•  Undertake strategic analysis which compares income, costs and financial risk for a range of options and outline recommendations.

 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.  To 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 to 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. 
• Leading 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 co-ordination between income, expenditure and business management

 People Management and Performance

• Lead, coach and manage the performance of the team in line with good people management practices. Ensuring excellence is recognised and underperformance is addressed.
• Participate in regular performance appraisal meetings and ensure each member of the team has a clear set of objectives and development plans.
• Ensure the team is compliance with all statutory, mandatory training together with any professional training requirements, ensuring they are up to date and fully compliant.
• Manage team absences including sickness in line with Trust policy ensuring the appropriate return to work meetings occur, e-roster is updated, and productivity is at keep to the highest possible level.
• Identify and fill any vacancies that arise within the team in line with the Trust’s recruitment policy and process.
• Identify talent and support the internal talent management process in order attract and retain and succession plan for your people.
• Review skills mix at regular intervals in order to identify any potential opportunities to maximise resource utilisation / allocation, ensuring job descriptions are kept up to date.
• Ensure overall wellbeing of the team is maintained. Continuously support in improving the morale of the team and implementing a culture of zero-tolerance for bullying and harassment.
• Financial Management Department Responsibilities
• Be the lead for one of these key financial management departmental roles.

• •         Finance staff development lead
  •         Income development lead
  •         Finance System development lead
  •         Budget development lead
  •         R&D development lead
  •         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.

 Professional Responsibilities 

Maintain the integrity of the Trust’s financial systems, procedures and reports.  This includes regularly designing and updating bespoke reports tailored to the requirement of individual divisional management teams

Maintain professional standards within the Financial Management team.

Ensure that Standing Financial Instructions, Standing Orders and financial policies & procedures are adhered to.

To implement audit recommendations and continually working on improving financial practices throughout the Trust.

To undertake Continuing Professional Development (CPD) in line with the relevant institute requirements.

General

The post holder has a general duty of care for their own health, safety and wellbeing and that of work colleagues, visitors and patients within the hospital, in addition to any specific risk management or clinical governance accountabilities associated with this post.

To observe the rules, policies, procedures and standards of King's College Hospital NHS Foundation Trust together with all relevant statutory and professional obligations.

We want to be an organisation where everyone shares a commitment to delivering the very best care and feels like their contribution is valuable and valued.

To observe and maintain strict confidentiality of personal information relating to patients and staff.

To be responsible, with management support, for their own personal development and to actively contribute to the development of colleagues.

This job description is intended as a guide to the general scope of duties and is not intended to be definitive or restrictive. It is expected that some of the duties will change over time and this description will be subject to review in consultation with the post holder.

All employees must hold an 'nhs.net' email account which will be the Trust's formal route for email communication. 
Everyone is responsible for promoting inclusion no matter their role or team. At King’s, we want to create an environment where everyone feels valued, respected and welcomed

Safeguarding 

 The Trust takes the issues of safeguarding children, adults and addressing domestic abuse very seriously. All employees have a responsibility to support the organisation in our duties by:

- attending mandatory training on safeguarding children and adults
- familiarising themselves with the Trust's processes for reporting concerns 
- reporting any safeguarding child or adult concerns appropriately

Infection Control Statement

The post holder has an important responsibility for and contribution to infection control and must be familiar with the infection control and hygiene procedures and requirements when in clinical areas.

The post holder has an important responsibility for and contribution to make to infection control and must be familiar with the infection control and hygiene requirements of this role.

These requirements are set out in the National Code of Practice on Infection Control and in local policies and procedures which will be made clear during your induction and subsequent refresher training.  These standards must be strictly complied with at all times.

Requirements

This is a FTC for 12 months and we are also happy to accept secondment applications.

The Finance Business Partner will take responsibility for providing highly complex and business focused advice and will be expected to undertake the role of expert in the management accounting and business analysis fields.

The post holder will need to make decisions on a range of complex financial situations and be responsible for leading and developing a team ensuring a comprehensive and efficient service is provided to divisional managers, senior managers, budget holders and external stakeholders at all times.

The role will require forensic accounting methods to analyse complex business opportunities for the division. Business decisions will require a clear understanding of the principles supporting the NHSI risk rating regime as well as the impact on the Trust’s Income and Expenditure.

They will direct, motivate and manage the team and play a key role in developing their skills and working with other senior finance colleagues to ensure the finance function overall provides high quality, professional financial support to the Trust that meets the needs of the business 

The post holder must have a recognised CCAB or equivalent qualification and have significant experience in senior roles within finance and be fully committed to Continuous Professional Development.

In providing specialist financial expertise and leadership to the business there is an almost constant requirement for the post holder to exercise intense concentration and sustained mental effort in order to analyse, understand, retain and convey information.  There is a frequent need for the post holder to prioritise and re-prioritise workloads according to the demands of stakeholders and to meet financial deadlines.

Secondment Pledge

The South East London Finance Academy is committed to fostering professional development and career growth for all with a particular aim of enhancing opportunities for under-represented groups and improving the diversity of our finance community.

This means, that as part of our Secondment Pledge, this permanent role is advertised with the flexibility of a potential secondment opportunity for the successful candidate.  If you would like to explore this flexibility, please discuss with your current line manager and raise for discussion with the recruiting manager, this will not adversely affect your application in any way.  Whilst all secondments will require agreement from both the host and receiving organisations, all organisations within SEL are committed to approaching this conversation positively.

If successful, and you would like to take up the secondment opportunity, you will need to complete the Secondment Request Form found here to aid discussion with your host and receiving organisations.   On successful completion of the secondment, and in collaboration with your receiving organisation, you will have the opportunity to convert the secondment to a substantive appointment.