Job summary
A career opportunity has arisen for a Finance Business Partner to join our Finance Team at King's College Hospital NHS Foundation Trust.
King's College Hospital is one of the largest and busiest hospital Trusts in London, with a well-established national and international reputation for clinical excellence, innovation and achievement. Two thirds of the clinical activities of the hospital are in support of the socially and economically diverse communities of the boroughs of Southwark, Lambeth, Bromley and Bexley. King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching hospitals with a turnover of circa £1.2 billion, 1.5 million patient contacts a year and more than 11,500 staff based across five main sites in South East London.
Additionally, King's Health Partners, a pioneering collaboration between King's College London, Guy's and St Thomas', King's College Hospital and South London and Maudsley NHS Foundation Trusts. King's Health Partners (KHP) is one of only five Academic Health Science Centres in the UK accredited by the Department of Health. The driving purpose behind King's Health Partners is to continually seek and bring about swifter and more effective improvements in health and well-being for patients and people everywhere, by combining the best of basic and translational research, clinical excellence and world-class teaching to deliver ground-breaking advances in physical and mental healthcare.
Main duties of the job
The Finance Department has accredited employer status with all of the main accountancy bodies and is currently undertaking an ambitious continuous improvement programme focused on improving People, Process and Systems. The King's finance vision is 'To be stellar finance partners, supporting world class patient care'.
What we are looking for:
Effective finance business partners are the ones who make the connections between people, groups and issues. They have the courage to speak up, to challenge, to hold up the mirror to the business and ask questions. They will be sitting in the middle of the decision making table offering a financial angle as well as insight to help drive better outcomes for patients.
Candidates from either the private sector or wider public sector organisations are strongly encouraged to apply. NHS experience is beneficial but not essential for the Finance Business Partner roles. We are looking for people who are motivated, ambitious and want to work in an environment where they can make an impact.
About us
King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1 billion, 1.5 million patient contacts a year and around 14,000 staff based across 5 main sites in South East London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King's College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in Bromley.
King's is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible.
The trust-wide strategy Strong Roots, Global Reachis our Vision to be BOLD: Brilliant people, Outstanding care, Leaders in Research, Innovation and Education, Diversity, Equality and Inclusion at the heart of everything we do. By being person-centred, digitally-enabled, and focused on sustainability, we can take Team King's to another level.
Job description
Job responsibilities
Planning and Development
- Produce financial plans for the division that meets the financial objectives of the Trust
- Develop, implement and monitor the financial components of the Divisions Annual Plan ensuring that efficient systems are available to allow income and expenditure plans to be projected for up to 3 years.
- Provide expert advice on the Divisions Income and Activity position to the Senior Divisional Team.
- Lead in the development of divisional CIP schemes. To review CIP plans for the services within their divisions, challenging assumptions and assessing risk to ensure scheme information is robust, accurate and deliverable.
- Lead on investment appraisal and highly complex financial analysis of divisional development proposals and business cases, both internal and external to the Trust. To work closely with the capital team to ensure that the impacts of capital costs are fully factored into revenue business cases and vice versa. To challenge assumptions with relevant individuals and to be responsible for ensuring that financial modelling is robust, accurate and in line with overall Trust objectives, assessing risks and identifying risk mitigating actions as required.
People Management and Performance
- Lead, coach and manage the performance of the team in line with good people management practices. Ensuring excellence is recognised and underperformance is addressed.
- Participate in regular performance appraisal meetings and ensure each member of the team has a clear set of objectives and development plans.
- Ensure the team is compliance with all statutory, mandatory training together with any professional training requirements, ensuring they are up to date and fully compliant.
Job description
Job responsibilities
Planning and Development
- Produce financial plans for the division that meets the financial objectives of the Trust
- Develop, implement and monitor the financial components of the Divisions Annual Plan ensuring that efficient systems are available to allow income and expenditure plans to be projected for up to 3 years.
- Provide expert advice on the Divisions Income and Activity position to the Senior Divisional Team.
- Lead in the development of divisional CIP schemes. To review CIP plans for the services within their divisions, challenging assumptions and assessing risk to ensure scheme information is robust, accurate and deliverable.
- Lead on investment appraisal and highly complex financial analysis of divisional development proposals and business cases, both internal and external to the Trust. To work closely with the capital team to ensure that the impacts of capital costs are fully factored into revenue business cases and vice versa. To challenge assumptions with relevant individuals and to be responsible for ensuring that financial modelling is robust, accurate and in line with overall Trust objectives, assessing risks and identifying risk mitigating actions as required.
People Management and Performance
- Lead, coach and manage the performance of the team in line with good people management practices. Ensuring excellence is recognised and underperformance is addressed.
- Participate in regular performance appraisal meetings and ensure each member of the team has a clear set of objectives and development plans.
- Ensure the team is compliance with all statutory, mandatory training together with any professional training requirements, ensuring they are up to date and fully compliant.
Person Specification
Qualifications
Essential
- Qualified CCAB accountant
- Appropriate understanding of the different accounting treatments required for the NHS by legislation or Department of Health policies
- Full working knowledge of General Ledger system and associated software
Experience
Essential
- Presentation of highly complex financial and non-financial information
- Inspiring confidence & developing highly effective working relationships with finance, clinical and non-finance colleagues, including those at a senior level
Desirable
- Significant experience of the NHS or similar clinical environment
- Staff management experience including recruitment, selection, objective setting, appraisals and managing performance
Skills & Competencies
Essential
- Detailed understanding of the financial analysis required for the submission of service development business cases, including SWOT, Sensitivity analyses, payback period, Internal rate of return, discounted cash flows etc.
- Highly developed analytical and interpretative skills to enable an extensive understanding of financial, information and performance management needs of a large and complex organisation they will be able to produce and present financial and non-financial information to employees across the organization
Desirable
- Detailed knowledge of the commissioning regime; knowledge of the structure of the national tariff, and also the effects of policies such as QIPP, CQUINS and emergency readmissions on divisional income
Person Specification
Qualifications
Essential
- Qualified CCAB accountant
- Appropriate understanding of the different accounting treatments required for the NHS by legislation or Department of Health policies
- Full working knowledge of General Ledger system and associated software
Experience
Essential
- Presentation of highly complex financial and non-financial information
- Inspiring confidence & developing highly effective working relationships with finance, clinical and non-finance colleagues, including those at a senior level
Desirable
- Significant experience of the NHS or similar clinical environment
- Staff management experience including recruitment, selection, objective setting, appraisals and managing performance
Skills & Competencies
Essential
- Detailed understanding of the financial analysis required for the submission of service development business cases, including SWOT, Sensitivity analyses, payback period, Internal rate of return, discounted cash flows etc.
- Highly developed analytical and interpretative skills to enable an extensive understanding of financial, information and performance management needs of a large and complex organisation they will be able to produce and present financial and non-financial information to employees across the organization
Desirable
- Detailed knowledge of the commissioning regime; knowledge of the structure of the national tariff, and also the effects of policies such as QIPP, CQUINS and emergency readmissions on divisional income
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
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).
Additional information
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
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).
