Main Duties and Responsibilities Partnering Supporting the delivery of the business partnering function providing future focused.....
Main Duties and Responsibilities Partnering Supporting the delivery of the business partnering function providing future focused decision support, technical financial advice, business intelligence and reports to management to enable them to effectively manage resources for their area of responsibility. Building effective relationships, internally, to effectively challenge performance, decision-making and outcomes. Promote the use of financial and operational management information to review, assess and forecast unit performance. Support the production of multi-layer forecasts of Trust financial performance at all points in time, ensuring incorporation of the effects of all risks, opportunities and actions being taken across the Trust. Identifies and highlights quickly and appropriately any evidence and/or risk of divergence from financial plans, targets or forecasts at any level in the Trust and work with management to develop mitigations to return performance to plan/forecast. Support the monthly review of the Trusts financial performance at all levels within deadlines and make recommendations on actions to ensure that financial performance meets targets and is fully understood and agreed by relevant stakeholders. Support the Deputy Director of Finance and Assistant Director of Finance to hold divisions and corporate directorate budget holders to account through formal periodic reviews of all financial performance. Month end Resource Utilisation Support with business case development, financial modelling, detailed financial analysis (including demand & capacity modelling), and investment appraisal in support of improving the quality of business cases and expediting decision-making, implementation and benefits realisation. This should include the evaluation of alternative models of service delivery to ensure the achievement of performance targets and long-term financial stability. Support the production of business cases, including taking responsibility for the accuracy of the financial analysis. This includes the application of recognised investment appraisal techniques to proposals to improve decision making and ensure that developments can withstand robust financial scrutiny. Support the development and monitoring of non-financial performance indicators (e.g. length of stay, theatre utilisation) to identify areas where the use of resources can be improved. Work with operational managers and clinicians to improve productivity and demonstrate the impact of this on financial performance. Support negotiation of commissioning agreements with external organisations for services provided or received to ensure that income is maximised or best value for money is achieved respectively e.g. local price reviews, PLICs/Reference costs. Support with benchmarking and value for money audits to ensure best practice and optimal utilisation of resources. Support the Trust in setting realistic and achievable waste reduction/efficiency targets and developing robust plans that ensure and maximise delivery; both on an annual basis and for the medium/long-term plans. Provide expert advice on the identification and achievement of waste reductions and productivity improvements using benchmarking and other comparative data to inform this process e.g. PLICs, GIRFT, Model Hospital etc. Governance Support the maintenance of the Standing Financial Instructions and internal financial control procedures to ensure these operate as designed and provide appropriate levels of assurance on accuracy, completeness and anti-fraud measures. In conjunction with Internal Audit support reviews to ensure that the financial control environment is operating effectively and that information is shared with the Audit Committee for assurance purposes. Support with ensuring that operational and strategic financial risks are identified and properly assessed so that adequate arrangements for managing them can be implemented. Communication & Engagement The post holder may be required to support with writing high quality papers on all financial accounting, reporting and related issues; with appropriate consideration of purpose, background, guidance i.e. relevant accounting standards, laws and regulations, policies etc., materiality, analysis, risk, conclusions/recommendations. The post holder may be required to present highly complex and highly sensitive financial information to small audiences of varying experience, disciplines and seniority. Represent the Finance Department and its interests at internal meetings/events as required, acting independently, and effectively. Service Delivery and Improvement Maintain an up to date, in depth specialist knowledge theory and experience of financial and accounting procedures, financial aspects of relevant legislation and financial policies (governmental and NHS). Identification and analysis of the consequences and risks of short and long term local service changes; ensuring that any impacts are communicated/escalated and understood. Maintain a good understanding of Standing Financial Instructions (SFIs) and ensures they are followed across the Trust, involving training and advising staff and monitoring compliance. Where breaches are discovered, ensure appropriate action is taken, in compliance with Trust policies. Supports innovative and continuous process review and improvement for Planning and Delivery activities, to ensure that: Processes and procedures are up-to-date, relevant and efficient, minimising manual transactions, and delivering standardisation; Reporting solutions are cutting edge and effective; Financial systems are appropriate, efficient and effectively used; and Governance arrangements are aligned and adequate. Contributes to and influences process improvement and transformation throughout the Trust to ensure financial requirements are appropriately met and financial governance is maintained. People Management and Development Be responsible for design of supporting structures and subsequent management, including motivating staff to meet deadlines and targets, recruitment, training, appraisal, implementation of HR policies and dealing with disciplinary/performance issues. Be responsible for the personal development of any staff and ensure that every member of staff is regularly appraised, has a Personal Development Plan and is compliant with statutory and mandatory training requirements. Maintain an up to date, in depth specialist knowledge theory and experience of financial and accounting procedures, financial aspects of NHS legislation and NHS financial policies. Ensure that this information is shared with senior finance team and the impact understood; together with cascade of information to relevant stakeholders. Ensure that Standing Financial Instructions (SFIs) are followed within the Division and cross-Trust, involving training and advising staff and monitoring compliance. Where breaches are discovered, ensure appropriate action is taken, in compliance with Trust policies. Learning and Development Commitment to improve skill levels and knowledge by participation in appropriate training and learning opportunities. Responsible for maintaining own professional development including being aware of new developments within the sphere of the role. Achieve and demonstrate agreed standards of personal and professional development within agreed timescales. Undertake training as necessary in line with the development of the post and as agreed with the line manager as part of the appraisal and personal development process. Participate in the Trusts appraisal process to discuss how your role will help deliver the best possible care to our patients and help to deliver any changes in service. Attend mandatory and statutory training as required; ensuring compliance is maintained. Applicants who have applied in the last 3 months need not apply
