Business Advisor - Worcester, United Kingdom - Worcestershire Acute Hospitals NHS Trust

Worcestershire Acute Hospitals NHS Trust
Worcestershire Acute Hospitals NHS Trust
Verified Company
Worcester, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Financial Reporting Responsible for providing accurate, timely, detailed budget management reports and supporting information to all budget managers within the Division, in a format that enables complex information to be understood by non-finance staff.

Take responsibility for the design, review, maintenance, modification and update of financial systems for reporting Divisional and Trust wide financial positions.

Ensure that reports are of the highest quality by actively contributing to the quality assurance process and ensuring that key validations and reconciliations are completed.

Supervise the month end process for the team to ensure that deadlines are met and a true and fair view of the Divisions position is reported.

Prepare a detailed financial report each month for presentation at the monthly pre-Trust Board meeting.

The Business Advisor will be required to answer detailed questions on any aspect of the Divisions finances at these meetings.

Where performance differs from plan, the Business Advisor will be expected to propose rectification measures for discussion and agreement at the meeting.

Strategic / Financial Planning Lead the annual financial planning process for the Division including identifying, co-ordinating and quantifying Activity Levels, Capacity Requirements, Service Developments, Cost Pressures, Productivity and efficiency (PEP) and Capital Bids to support the annual objectives.


Identify threats to the financial stability of the Division and agree rectification measures with the relevant clinical or non-clinical managers.

These plans will require monitoring thereafter to ensure that overall financial viability is being maintained. Supervise the production of detailed forecast out-turn projections for the Division.

Where forecast out-turn deviates from plan, lead the process of preparing a financial rectification plan for agreement by the Division.


Take responsibility for budget setting for the Division, in line with agreed Trust policies and ensuring the involvement of key Divisional managers and clinicians.

Ensure that all budgets are signed off at Directorate and Divisional level before presenting the start-point budget to the senior management team for written approval.

Ensure that Divisions budgets are set within available resources allowing for developments and other income adjustments, providing for recurrent financial balance, and advise on resource allocation and cost improvement issues.

Advise the Deputy Director of Finance (Operational Business Support) of the robustness and achievability of Divisional financial plans, highlighting levels of risk, to facilitate the assessment and reporting of the Trust corporate financial position.

length of stay, theatre utilisation) to identify areas where the use of resources can be improved.

Work with operational managers and clinicians to improve utilisation and productivity and demonstrate the impact of this on financial performance.

Take the lead for the Division on benchmarking and value for money audits to ensure best practice and optimal utilisation of resources.

Support the Procurement Department in negotiating external contracts with suppliers.


The post will ensure that information provision and outputs associated with Service Line Reporting for the supported Directorates are generated in accordance with the Trusts SLR policies and procedures and are communicated to the Division used to identify opportunities for improvements in profitability.

Financial Policies and Procedures The role will be responsible for managing the financial control processes ensuring efficiency, effectiveness, integrity, and an appropriate business focus within the framework of the Trusts financial systems.

Contribute fully to the development of corporate financial policies, strategies and systems and adhere to these in the performance of the duties of the post.

Identify opportunities to improve and develop system based working practices, taking a lead for the Trust if required.

Proactively identify areas of weakness in financial controls, policies and processes outside of Financial Management (e.g. Financial Services) and make constructive use of intra-departmental meetings to propose and drive forward appropriate changes. Promote, implement, and advocate corporately agreed financial policies, procedures and approaches within the Division to ensure acceptance and adherence. Drive forward the continued development of the finance function in response to national policy drivers, e.g.

changes to the NHS finance architecture, Intergrated Care Systems, requiring interpretation of financial and other legislation/policies for the Division. Act as Divisional lead for the financial implications of the implementation of national policies, e.g. changes to the NHS finance architecture Leadership and Staff Management Responsible for the staff within the Divisional finance team, including recruitment and selection decisions, appraisal, performance management, sic
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