Job summary
Finance Manager (Costing) will assess the financial implications of new NHS policies and produce & analyse costs for both NHS and private patient care such as to maximise income to the Trust. Additionally, they will develop patient level costing reporting to aid management decision making.
Prior NHS Costing experience (e.g. leading on a Trust's National Cost Collection submission) and a relevant accountancy qualification (recognised by CCAB) are strict requirements for this role.
Main duties of the job
- To review proposed changes to national financial regimes by NHSE and to produce option appraisals for consideration by senior staff as to the likely impact on the Trust.
- To assist in providing recommendations about appropriate courses of action to protect existing income and maximise future income to the Trust by modelling the impact of financial changes with relative sensitivities.
- To assist in responding quickly and appropriately to new guidance, policy and draft policy as it is issued for consultation regarding proposed changes in NHS financial regimes and advising on how this may affect the Trust.
- To represent the Trust on national costing groups, such that the Trust can influence the national agenda on activity and costs.
- To produce the Trust's National Cost Collection (NCC) submission in a timely and accurate manner in accordance with national guidelines.
- To review all cost elements included in NCC submission, in conjunction with Finance Managers/Directors, to ensure they are accurate and meet national definitions.
- To design methods to ensure the appropriate allocation of all non-commissioner income for the Trust.
- To analyse the National tariff against the Trust NCC submission and identify reasons for variances.
- To develop and maintain the Trust unit marginal and direct costs for clinical and non-clinical activities (continued below)
About us
The Royal Marsden NHS Foundation Trust is a world-leading cancer centre. Our role is to offer our patients the best cancer care available anywhere in the world, and to continue to make a global contribution to finding better ways of diagnosing and treating cancer. We employ over 4,500 staff in a diverse range of careers including nursing, medical, science, radiography, pharmacy, occupational therapy, finance and administrative services. We have two hospitals - one in Chelsea, London, and one in Sutton, Surrey - as well as a Medical Daycare Unit in Kingston Hospital.
At The Royal Marsden, we deal with cancer every day, so we understand how valuable life is. When people entrust their lives to us, they have the right to demand the very best. That's why the pursuit of excellence lies at the heart of everything we do.
At the heart of the hospital is our dedicated team. We offer a stimulating and dynamic working environment, a wide range of staff benefits, learning and development opportunities and clear career pathways. There are opportunities to work flexibly across a range of areas and specialities and we welcome flexible working requests from point of hire to support employees work life balance. We are looking for employees who aspire to excellence, share our values and can play a crucial role in our on-going achievements.
Job description
Job responsibilities
For further information on this role, please see the attached detailed Job Description and Person Specification
Management and Leadership Responsibility
- To persuade others at all levels, including Executive Directors and clinicians of a particular course of action or viewpoint whilst respecting their point of view
- To manage a diverse set of contact relationships and conflicting priorities
- To set and negotiate priorities for themselves and others
- To recruit, manage and develop the staff within the costing team
Job description
Job responsibilities
For further information on this role, please see the attached detailed Job Description and Person Specification
Management and Leadership Responsibility
- To persuade others at all levels, including Executive Directors and clinicians of a particular course of action or viewpoint whilst respecting their point of view
- To manage a diverse set of contact relationships and conflicting priorities
- To set and negotiate priorities for themselves and others
- To recruit, manage and develop the staff within the costing team
Person Specification
Qualifications
Essential
- A CCAB recognized accountancy qualification or in exceptional circumstances demonstrating significant progress towards the completion of such a qualification
- Commitment to CPD
Experience
Essential
- Significant Financial Management or Costing experience
- Able to understand and apply the concepts and techniques for budgeting, financial planning, costing, pricing and financial reporting
- Able to demonstrate a detailed knowledge of NHS finance and key performance targets for the Trust
- Previous staff management experience and/or able to demonstrate an understanding of good personnel practice and its application
- Experience of negotiating and agreeing deadlines and standards of quality of work with other departments
- Experience of producing management reports and analysis for budget holders and other Senior Managers in a manner which aids effective control and decision making
Desirable
- Costing experience within an acute hospital setting
Skills
Essential
- Sound analytical skills with the ability to deal effectively with large quantities of complex data, both financial and non-financial
- Sound knowledge and competence in the use of spreadsheets
- Able to use word packages to produce letters and reports
- Able to establish credibility and liaise effectively with senior managerial and clinical staff
- Able to work on a number of projects simultaneously to meet agreed deadlines, concentrating and focusing on a range of issues.
- Able to plan and co-ordinate the work of the team and of other departments inside and outside of the Finance department to meet deadlines
- Able to persuade others at all levels, including Executive Directors and clinicians, of a particular course of action or viewpoint, whilst respecting their point of view
- Able to make effective contributions to the strategic decision making process with the department and more widely for the Trust
Desirable
- Able to demonstrate a record of reviewing policies and procedures and recommending and/or implementing improvements to them
Person Specification
Qualifications
Essential
- A CCAB recognized accountancy qualification or in exceptional circumstances demonstrating significant progress towards the completion of such a qualification
- Commitment to CPD
Experience
Essential
- Significant Financial Management or Costing experience
- Able to understand and apply the concepts and techniques for budgeting, financial planning, costing, pricing and financial reporting
- Able to demonstrate a detailed knowledge of NHS finance and key performance targets for the Trust
- Previous staff management experience and/or able to demonstrate an understanding of good personnel practice and its application
- Experience of negotiating and agreeing deadlines and standards of quality of work with other departments
- Experience of producing management reports and analysis for budget holders and other Senior Managers in a manner which aids effective control and decision making
Desirable
- Costing experience within an acute hospital setting
Skills
Essential
- Sound analytical skills with the ability to deal effectively with large quantities of complex data, both financial and non-financial
- Sound knowledge and competence in the use of spreadsheets
- Able to use word packages to produce letters and reports
- Able to establish credibility and liaise effectively with senior managerial and clinical staff
- Able to work on a number of projects simultaneously to meet agreed deadlines, concentrating and focusing on a range of issues.
- Able to plan and co-ordinate the work of the team and of other departments inside and outside of the Finance department to meet deadlines
- Able to persuade others at all levels, including Executive Directors and clinicians, of a particular course of action or viewpoint, whilst respecting their point of view
- Able to make effective contributions to the strategic decision making process with the department and more widely for the Trust
Desirable
- Able to demonstrate a record of reviewing policies and procedures and recommending and/or implementing improvements to them
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.
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.
UK Registration
Applicants must have current UK professional registration. For further information please see
NHS Careers website (opens in a new window).
