Job summary
An exciting opportunity has arisen for a Financial Planning Manager, supporting the Head of Financial Strategy and Planning in developing an effective Trust-wide financial planning process.
Working with other senior finance colleagues to ensure the finance function overall provides high quality, professional financial support to the Trust that meets the needs of the business.
In providing specialist financial expertise and leadership to the business there is an almost constant requirement for the post holder to exercise intense concentration and sustained mental effort in order to analyse, understand, retain and convey information. There is a frequent need for the post holder to prioritise and re-prioritise workloads according to the demands of stakeholders and to meet financial deadlines.
The post holder must have a recognised CCAB or equivalent qualification and have significant experience in senior roles within finance and be fully committed to Continuous Professional Development.
Main duties of the job
The post holder will be one of three financial planning managers who will need to make decisions on a range of complex financial situations and be responsible for:. Coordinating the financial planning of the Trust including the Annual Planning Review, Long term planning, monthly returns and forecasts. Modelling long term planning assumptions (LTFM) to ensure the Trusts financial strategy is kept up to date. Reviewing business cases and managing the day-to-day governance of the Trust's investment Board.. Effective and accurate production of elements of financial performance and recovery (including CIP) reporting both to internal and external stakeholders in line with best practice requirements. Providing business partnering to support the Trusts capital programme.
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 more than 15,000 staff based across South East London. The Trust provides a full range of local and specialist services across its five sites. The trust-wide strategy of Strong Roots, Global Reach is 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 aim to take Team King's to another level.
We are at a pivotal point in our history and we require individuals who are ready to join a highly professional team and make a real, lasting difference to our patients and our people.
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.
Job description
Job responsibilities
To lead in the delivery and presentation of the financial element of the Trusts Annual Plan and to oversee the production of a reliable forecasting process
Work closely with the Head of Finance MI, Analysis & Reporting to ensure the financial plan is accurately reflected in budgets.
Model the Trust short term (1 year) and long-term financial plans taking account of the effect of cost pressures, service developments and income assumptions including revisions to the tariff and changes to national policy and legislation.
To support the production of longer-term strategic projections in partnership with other senior managers and to lead on complex financial modelling displaying the effect of proposed service changes on the organisation.
Requires excellent planning skills and knowledge of the corporate priorities and systems of the Trust to develop long term Service Business Plans that both progresses and influences organisational priorities.
Work with the trust strategy team to ensure outcomes from the trusts strategic framework, clinical strategy and estates strategy are captured and reflected in the trusts long-term financial plan.
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.
To interpret contracting rules especially for non-PbR and specialist NHSE commissioning.
Please refer to the job description and personal specification for more details.
Job description
Job responsibilities
To lead in the delivery and presentation of the financial element of the Trusts Annual Plan and to oversee the production of a reliable forecasting process
Work closely with the Head of Finance MI, Analysis & Reporting to ensure the financial plan is accurately reflected in budgets.
Model the Trust short term (1 year) and long-term financial plans taking account of the effect of cost pressures, service developments and income assumptions including revisions to the tariff and changes to national policy and legislation.
To support the production of longer-term strategic projections in partnership with other senior managers and to lead on complex financial modelling displaying the effect of proposed service changes on the organisation.
Requires excellent planning skills and knowledge of the corporate priorities and systems of the Trust to develop long term Service Business Plans that both progresses and influences organisational priorities.
Work with the trust strategy team to ensure outcomes from the trusts strategic framework, clinical strategy and estates strategy are captured and reflected in the trusts long-term financial plan.
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.
To interpret contracting rules especially for non-PbR and specialist NHSE commissioning.
Please refer to the job description and personal specification for more details.
Person Specification
Experience
Essential
- Significant financial management experience at a senior level.
- Presentation of highly complex financial and non-financial information
- A proven track record of delivery in a Finance environment and business/project planning
Desirable
- Appropriate understanding of the different accounting treatments required for the NHS by legislation or Department of Health policies
- Supporting managers and clinicians in the use of service line reporting & patient level cost information
Qualifications
Essential
- Qualified CCAB accountant, with substantial experience at a senior level.
Desirable
- Participates in continuing professional development and maintains their professional registration.
Knowledge and Skills
Essential
- Understanding of Long-Term Financial Planning
- 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.
- Expert understanding of project management and accounting processes and best practice methods, including forecasting, modelling, trend analysis.
Desirable
- Detailed knowledge of the commissioning regime; knowledge of the structure of the national tariff and the effects of policies on care group income.
Person Specification
Experience
Essential
- Significant financial management experience at a senior level.
- Presentation of highly complex financial and non-financial information
- A proven track record of delivery in a Finance environment and business/project planning
Desirable
- Appropriate understanding of the different accounting treatments required for the NHS by legislation or Department of Health policies
- Supporting managers and clinicians in the use of service line reporting & patient level cost information
Qualifications
Essential
- Qualified CCAB accountant, with substantial experience at a senior level.
Desirable
- Participates in continuing professional development and maintains their professional registration.
Knowledge and Skills
Essential
- Understanding of Long-Term Financial Planning
- 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.
- Expert understanding of project management and accounting processes and best practice methods, including forecasting, modelling, trend analysis.
Desirable
- Detailed knowledge of the commissioning regime; knowledge of the structure of the national tariff and the effects of policies on care group 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).
UK Registration
Applicants must have current UK professional registration. For further information please see
NHS Careers website (opens in a new window).
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).
UK Registration
Applicants must have current UK professional registration. For further information please see
NHS Careers website (opens in a new window).
