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Form of work
SalaryFinancial Planning and Analysis Working with the Directorate Financial Management and Financial Accountancy Teams collating data for all long-term financial modelling for the Trust, both for the annual planning process and financial reporting, ensuring consistent format of reporting and clear audit trail of data. Interpret detailed Directorate commentaries, at an Organisational level, for any variances between the budget and forecast submissions and actual financial performance, both for annual planning and monthly financial reporting and analysis. To provide professional leadership and management of the costing team, supporting the Costing Accountant in the roll out of integrated Service Line Reporting (iSLR) and Patient Level Information and Costing System (PLICS). To work closely with finance colleagues in the preparation of business cases - ensuring that the costs, benefits, income and expenditure of such schemes are fully understood from an organisational perspective to ensure financial sustainability; and to monitor Business cases through the governance process and ensure that the appropriate timetable of finance responsibilities is in place. To maintain and ensure that all Trust financial control procedures including Standing Orders (SOs) and Standing Financial Instructions (SFIs) are adhered to. To work with the Trusts Head of Contracting and Tender Management to understand the relationship between patient activity data, other key performance indicators; and the financial performance of respective areas, to anticipate trends and identify weaknesses in modelling assumptions, and to establish any implications on corporate support services and service funding streams. In conjunction with Finance and wider Trust colleagues carry out post implementation reviews once a business case has been approved and implemented, to measure performance against the approved benefits realisation plan. To support Finance colleagues in the negotiation process of external service agreements, and provide financial analysis to underpin these agreements. To continually develop an understanding of the Trusts overhead position and devise the appropriate resource allocation principles for costing and budget setting purposes. To develop the use of the Integra Budget and Forecasting module for use across the department. . Strategic Planning In conjunction with Finance colleagues, co-ordinate analysis of potential Trust-wide savings programs that are realistic, achievable and have ownership. To develop strong relationships with finance colleagues and senior managers, developing a culture of shared responsibility for financial issues. To provide advice and education on business management issues to improve the financial awareness, performance, cost effectiveness and efficiency, revenue generation and to maximise the use of Trust assets. To take a strategic view on budget proposals across the organisation; advising on the validity/affordability of plans, ensuring the organisation spends within agreed budget limits and that value for money is secured in the long term. To provide analysis and insight into the information held on the Model Hospital Portal and benchmarking results to identify service development and efficiency opportunities for the Trust. To provide analysis and insight on financial performance for internal discussions/decision making and for external and statutory purposes. To lead investment appraisal and highly complex financial analysis of Trust development proposals and business cases which involve other organisations, commercial joint ventures and partnerships and specialist commissioners. To have an awareness of sector wide developments and advise on the potential impact on the Trusts performance. To co-ordinate the annual planning timetable in conjunction with finance colleagues and the Strategy and Planning team. Contribute to the development of Trust Wide Integrated Business Planning process in conjunction with Teams across the Trust. Performance and Decision Support To manage the provision of comprehensive, timely and accurate financial management information, including written analysis of Trust opportunities and efficiencies. To monitor and improve the processes for financial reporting, ensuring internal and external requirements are achieved with respect to Trust performance initiatives. To ensure that analysis and financial reporting of progress towards cost improvement plans are in place to support the financial aspects of programs and schemes. To have an awareness of sector wide developments and advise on the potential impact on the Trusts performance. Service development To recruit, train & develop line managed team members in order that they can competently undertake the responsibilities and tasks required of them and that the financial information and advice supplied is provided in an accurate, relevant and timely manner To provide education and training on complex financial issues to non-Finance Managers and convey financial concepts, policies and procedures clearly and persuasively. This includes ensuring that Standing Financial Instructions, Standing Orders and Schemes of Delegation are understood and adhered to. As a professionally qualified accountant, fulfil mandatory Continuing Professional Development (CPD) requirements of the relevant professional body and be responsible for keeping the skills and knowledge required for the post up to date such that all advice given and decisions made are based on the best and most recent information available.
