Deputy Finance Manager
Somerset NHS Foundation Trust
This job is now closed
Somerset NHS FT has recently merged with Yeovil NHS FT, as a result of this change, our Service groups have been restructured and the supporting finance team has realigned to suit the needs of the merged organisation.
An exciting opportunity has arisen for a Deputy Finance Manager. This post may be offered as development post starting at Band 5, with a planned progression to Band 6.
The post holder will be providing financial management support to one of our Service groups, where annual budgets are between £82m to £170m, with differing levels of complexity in each.
To provide a high quality finance service to our stake holders - including the provision of valuable financial information and advice, developing the capabilities and understanding of other finance and non finance colleagues.
Developing, monitoring and analysing budgets and other key information as necessary. Including periodic processing, analysis and reporting and other project/ad hoc work.
Supervise and develop the Business Support accountant and deputise for the Service Group finance manager when required.
Working closely with hospital management and clinical staff provides an interesting background to which the financial information prepared by the team is applied.
The post holder will have the expected results of tasks defined, however will also have the freedom (guided by principles and regulations) to decide the best method used to accomplish these results.
Main duties of the job
To work closely with both the relevant Business Support Accountant and Service Group Finance Manager, General Managers and Budget Holders in the provision of a high quality, management information and support to clinical staff and other staff for specified Service Groups.
Assist with budget setting, carrying out the monthly production of budget statements, monitoring, review and financial reporting for the relevant Service Groups. Assist in the provision of financial advice and decision support.
Ensure corporate and other supporting duties are completed accurately and in a timely manner to assist with the completion of organisational reporting requirements.
The post holder will be required to use their own initiative and deal with most matters independently in accordance with departmental guidance and procedures. The Finance Manager will be on hand to provide guidance on non-routine matters.
As an organisation, the NHS offers a wide range of benefits including flexible working, fantastic pension contributions, market leading annual leave allowance, career progression and regular conversations, not to mention our Blue Light Card and NHS exclusive discounts.
The benefits of working in Somerset include the idyllic countryside, with our areas of outstanding beauty and stunning coastlines. You will get to enjoy these perks whilst still only being a stone's throw away from bustling city centres like Bristol, Bath and Exeter and only two hours away from London.
There are excellent educational facilities in the area and, when compared to other regions, house prices are reasonable. You will experience the best of both in Somerset, the countryside and the cosmopolitan - there is truly something for everyone!
- Supporting decision-making for Service Groups with £82m-£170m budgets
- Monitor and update budgets where required and assist with the New Year budget setting across many departments and services.
- Ensure invoices are raised to external organisations for ad hoc arrangements and in accordance with agreed Service Level Agreements.
- The post covers a wide remit, managing complex and sensitive aspects of financial work within the organisation and involves working with other professionals at all levels both within the organisation and externally.
- Monthly, meet with budget holders to discuss their financial position, responding to complex queries and questions. Also, ascertain key facts of events likely to impact on expenditure levels (up or down) in the financial year to inform a view of likely financial position and savings at the financial year end.
- Continually developing the capabilities and understanding of budget holders through establishing effective two way communication channels.
- Monthly draft a written report on the Directorate / Departments financial position, using judgement and interpretation skills to highlight key financial issues and variances for future recognition and discussion. The report is submitted to Budget Holders, General Managers and Directors.
- Working on the Service groups monthly variance analysis, Business Plan spreadsheet and any other ongoing analysis e.g. cost improvement programme, agency usage, establishment trackers, workforce analysis and non-pay expenditure.
Qualifications and experience
Certificate of Sponsorship
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).