Finance Business Partner - London, United Kingdom - Chelsea and Westminster Hospital NHS Foundation Trust

Description

Finance Business Partner - Planned Care, Band 8c
An exciting opportunity has arisen within the finance team at Chelsea and Westminster Hospital NHS Foundation Trust.

The role requires a motivated and dedicated individual with excellent communication and interpersonal skills to work as the Finance Business Partner for our Planned Care Division.

You will be directly reporting to the Deputy Director of Finance (Financial Planning & Strategy) and line manage a SeniorFinance Manager.

Our ideal candidate will have significant financial experience, good interpersonal and communication skills and the ability to work in a multi-disciplinary environment.

The role requires good leadership and motivational skills and ability to interpret complex data for a range of stakeholders.

The Clinical Finance Business Partner will provide financial leadership for the identified services that form the Division, ensuring effective use of the Division's financial resources in pursuit of agreed Division and Corporate goals.

You will provide the Division with expert accounting and business knowledge, analytical support and clear presentation of financial and business information to clinical and non-clinical colleagues.

Along with providing competitor and market analysis & benchmarking, you will lead the roll out of the business intelligence system across the Division, working closely with clinical and managerial colleagues and provide business intelligence support to the Divisional Board.

You will constructively and positively challenge all aspects of Divisional performance in order to reduce costs to best practice benchmarks without reducing quality.

Along with advising the Division on appropriate costing structures and pricing policy for current and new businesses, you will act as the principle advocate for driving the improved use and potential benefits of Service Line Management.

The Clinical Finance Business Partner will be accountable to the Deputy Director of Finance - Financial Planning and Strategy for the Division's adherence to statutory accounting requirements, Department of Health (DH) and Monitor accounting standards and Trust policies for internal control, corporate governance and reporting requirements.

Chelsea and Westminster Hospital NHS Foundation Trust is proud to be one of the top performing and safest trusts in England.

We have two main acute hospital sitesChelsea and Westminster Hospital and West Middlesex University Hospital, plus our award-winning clinics across North West London and beyond.

Finance

To provide financial information, advice and support to the Division as part of the Divisional team to ensure that the financial position of the Division and the Trust is understood and that any potential financial problems are identified early enough for corrective action to be taken.

The post holder must be capable of influencing the team to ensure achievement of the Trusts and Divisions financial objectives.

To provide the Deputy Director of Finance Financial Planning & Strategy with the relevant information and expert analysis so that assurance can be gained that all relevant financial risks within the Division are reported.

To have overall responsibility for all aspects of financial management within the Division in conjunction with the senior management team within the Division, including monitoring of performance and providing advice on corrective action as necessary.

To provide analysis of the Divisions activity, income and cost drivers to establish profitability of service areas and benchmark against market and competitor analysis.

To contribute to the streamlining of the Divisions business processes.

To have overall responsibility for reporting the financial performance rating for the Division including self-assessment for financial governance ratings.

To have overall responsibility for preparation and development of the Divisions financial forecast and the 3 year financial plan, providing reasoning and explanation to stakeholders of key assumptions and risks.

Responsible for the development, negotiation and implementation of processes to allow recharging to other front-line Divisions supported by service agreements.

To advise the Divisional team on government policy and legislative or regulatory changes, that may affect their income and expenditure, giving advice on how to counter any possible adverse effect.

Also to advise on any legislation or regulatory changes that may result in higher costs or savings for the Trust.

To design and develop appropriate Key Performance Indicators and their monitoring mechanisms with the Divisional Director of Operations and Chief Financial Officer and other managers to be able to report to the Trust on key performances affecting finance (to include coding, income, activity drivers, SLR)

Using Service Line Reporting to engage clinicians and other Division staff and developing efficient and high quality clinical services.

This will involve taking the lead role in the Division to ensure the principles of Service Line Management are embedded within the Division and developing and maintaining strategies and operational processes which support effective financial governance and management e.g.

leading deep dive SLR reviews.

Working with the central information and contracts teams to use and turn hospital data into intelligence that facilitates the Divisions ability to improve clinical processes and efficiency.

Provide financial analysis and expert guidance/recommendations for proposed Divisional service developments. Ensure financial implications of each case are fully represented and understood.

Carry out detailed cashflow, value for money, affordability, profitability, and sensitivity analyses, and ensure the implications of each are clearly communicated to appropriate audiences.

Provide expert advice on cost saving proposals, testing assumptions, agreeing financial scope, calculating and risk rating proposed benefits, and developing methods to track and report on the realisation of savings.

Use specialist professional knowledge of the Divisional finances and analysis of appropriate benchmarking information to recommend areas for potential cost savings and efficiencies.

Lead on financial validation and ongoing, timely monitoring, reporting, and forecasting of all Divisional and allocated Trust-Wide CIP schemes. Provide clear analysis of any divergence from plans and the expected financial impact of any agreed mitigating actions.
To develop activity assumptions to develop NHS contract income forecasts working closely with the Financial Planning team.

To ensure that Divisional managers are fully supported to access reporting tools to review Financial Management and Service Line Reports.

To provide leadership and overall responsibility in Divisions for ensuring best value Procurement, analysis of Procurement data and development of the Procurement work plan working closely with the Procurement team
To increase the financial capability of Division management teams through the provision of financial awareness training and continuous support for budget managers and service leads
To provide input as required to the Trusts statutory financial reports.
To ensure that Clinicians within the Division are fully involved in all aspects of financial management

The post-holder will ensure that staff are fully engaged in the process of change management, and in particular, that Clinicians are fully involved at the forefront of service improvement projects.

To take collective responsibility with the Division Management team for delivering the financial performance and governance ratings required.
To take collective responsibility with the Division Management team for developing a maintaining a robust and viable 3 year financial plan
Strategy & Planning
Provide financial leadership throughout the annual business planning process.

Lead the development of detailed and integrated financial model incorporating income, expenditure, workforce, activity and capacity plans for the division.

Develop, update, and provide analysis/justification on the Divisions underlying financial position, identifying risks, non-recurrent benefits/charges, full year effects, and other adjustments.

To take overall responsibility for financial planning within the overall Division business plan and compliance with the business case process
Provide financial analysis and expert guidance/recommendations on tenders aimed at expanding or protecting the Divisions current activities.

Develop bespoke financial models that deliver predicted activity, income and expenditure positions from assumptions in the tender documentation and input from management and clinical staff.

Carry out detailed cashflow, value for money, affordability, profitability, and sensitivity analyses, and ensure the implications of each are clearly communicated to appropriate audiences.

Provide financial input and into the final bid document and any associated presentations.
Finance

To provide financial information, advice and support to the Division as part of the Divisional team to ensure that the financial position of the Division and the Trust is understood and that any potential financial problems are identified early enough for corrective action to be taken.

The post holder must be capable of influencing the team to ensure achievement of the Trusts and Divisions financial objectives.

To provide the Deputy Director of Finance Financial Planning & Strategy with the relevant information and expert analysis so that assurance can be gained that all relevant financial risks within the Division are reported.

To have overall responsibility for all aspects of financial management within the Division in conjunction with the senior management team within the Division, including monitoring of performance and providing advice on corrective action as necessary.

To provide analysis of the Divisions activity, income and cost drivers to establish profitability of service areas and benchmark against market and competitor analysis.

To contribute to the streamlining of the Divisions business processes.

To have overall responsibility for reporting the financial performance rating for the Division including self-assessment for financial governance ratings.

To have overall responsibility for preparation and development of the Divisions financial forecast and the 3 year financial plan, providing reasoning and explanation to stakeholders of key assumptions and risks.

Responsible for the development, negotiation and implementation of processes to allow recharging to other front-line Divisions supported by service agreements.

To advise the Divisional team on government policy and legislative or regulatory changes, that may affect their income and expenditure, giving advice on how to counter any possible adverse effect.

Also to advise on any legislation or regulatory changes that may result in higher costs or savings for the Trust.

To design and develop appropriate Key Performance Indicators and their monitoring mechanisms with the Divisional Director of Operations and Chief Financial Officer and other managers to be able to report to the Trust on key performances affecting finance (to include coding, income, activity drivers, SLR)

Using Service Line Reporting to engage clinicians and other Division staff and developing efficient and high quality clinical services.

This will involve taking the lead role in the Division to ensure the principles of Service Line Management are embedded within the Division and developing and maintaining strategies and operational processes which support effective financial governance and management e.g.

leading deep dive SLR reviews.

Working with the central information and contracts teams to use and turn hospital data into intelligence that facilitates the Divisions ability to improve clinical processes and efficiency.

Provide financial analysis and expert guidance/recommendations for proposed Divisional service developments. Ensure financial implications of each case are fully represented and understood.

Carry out detailed cashflow, value for money, affordability, profitability, and sensitivity analyses, and ensure the implications of each are clearly communicated to appropriate audiences.

Provide expert advice on cost saving proposals, testing assumptions, agreeing financial scope, calculating and risk rating proposed benefits, and developing methods to track and report on the realisation of savings.

Use specialist professional knowledge of the Divisional finances and analysis of appropriate benchmarking information to recommend areas for potential cost savings and efficiencies.

Lead on financial validation and ongoing, timely monitoring, reporting, and forecasting of all Divisional and allocated Trust-Wide CIP schemes. Provide clear analysis of any divergence from plans and the expected financial impact of any agreed mitigating actions.
To develop activity assumptions to develop NHS contract income forecasts working closely with the Financial Planning team.

To ensure that Divisional managers are fully supported to access reporting tools to review Financial Management and Service Line Reports.

To provide leadership and overall responsibility in Divisions for ensuring best value Procurement, analysis of Procurement data and development of the Procurement work plan working closely with the Procurement team
To increase the financial capability of Division management teams through the provision of financial awareness training and continuous support for budget managers and service leads
To provide input as required to the Trusts statutory financial reports.
To ensure that Clinicians within the Division are fully involved in all aspects of financial management

The post-holder will ensure that staff are fully engaged in the process of change management, and in particular, that Clinicians are fully involved at the forefront of service improvement projects.

To take collective responsibility with the Division Management team for delivering the financial performance and governance ratings required.
To take collective responsibility with the Division Management team for developing a maintaining a robust and viable 3 year financial plan
Strategy & Planning
Provide financial leadership throughout the annual business planning process.

Lead the development of detailed and integrated financial model incorporating income, expenditure, workforce, activity and capacity plans for the division.

Develop, update, and provide analysis/justification on the Divisions underlying financial position, identifying risks, non-recurrent benefits/charges, full year effects, and other adjustments.

To take overall responsibility for financial planning within the overall Division business plan and compliance with the business case process
Provide financial analysis and expert guidance/recommendations on tenders aimed at expanding or protecting the Divisions current activities.

Develop bespoke financial models that deliver predicted activity, income and expenditure positions from assumptions in the tender documentation and input from management and clinical staff.

Carry out detailed cashflow, value for money, affordability, profitability, and sensitivity analyses, and ensure the implications of each are clearly communicated to appropriate audiences.

Provide financial input and into the final bid document and any associated presentations.
CCAB qualified (Consultative Committee of Accountancy Bodies) with significant post qualification experience
Significant experience in financial management
Experience in modelling complex data sets and providing clear and comprehensive outputs
Evidence of achievement at a senior level
Ability to interpret data and turn it into intelligence
Ability to communicate a complex financial position and carry out difficult discussions
Ability to challenge data quality
Knowledge of relevant hospital data sets
Good report writing skills
Highly experienced user of Excel and Word
Evidence of commitment to Continuing Professional Development
Self-confidence and ability to deal with operational managers, clinicians and colleagues at a senior level
Experienced user of Oracle Financial Systems and related applications
Business Objects, Crystal Reports, Qlikview)
CCAB qualified (Consultative Committee of Accountancy Bodies) with significant post qualification experience
Significant experience in financial management
Experience in modelling complex data sets and providing clear and comprehensive outputs
Evidence of achievement at a senior level
Ability to interpret data and turn it into intelligence
Ability to communicate a complex financial position and carry out difficult discussions
Ability to challenge data quality
Knowledge of relevant hospital data sets
Good report writing skills
Highly experienced user of Excel and Word
Evidence of commitment to Continuing Professional Development
Self-confidence and ability to deal with operational managers, clinicians and colleagues at a senior level
Experienced user of Oracle Financial Systems and related applications
Business Objects, Crystal Reports, Qlikview)
Chelsea and Westminster Hospital NHS Foundation Trust
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