Job summary
The primary purpose of the Transformation & Commissioning Team (TACT) finance business partner is to support the Head of Finance in delivering comprehensive financial and business advice to TACT team and partnering Trusts, by supporting the TACT team in the provision of timely and accurate information and advice to partners within the East of England Provider Collaborative. This is a great opportunity to join our small innovative finance team in a key role for the provider collaborative, supporting the wider TACT team and partner Trusts.
This rewarding role presents a unique opportunity to collaborate closely with our clinical service colleagues, who play a crucial role here at the provider collaborative. This finance business partner role will be directly involved with providing finance support to a mixture of staff, from clinical directors and service leads driving transformation and improving patient care.
We are committed to providing a supportive work environment where employees can work to the best of their abilities. We value professional development and care about health & wellbeing of our staff with many initiatives in place to make us an employer of choice and an organisation that employees are proud to be a part of.
Main duties of the job
The Commissioning Team (TACT) finance business partner is responsible for the delivery of all aspects of operational financial management within the provider collaborative. The finance business partner will ensure the provision of high-quality advice, information, analysis, and interpretation to the senior management team to underpin effective decision making and meaningful performance management.
The TACT finance business partner will be accountable for the delivery of financial reporting to the TACT senior management team, maintaining financial controls to support governance and providing financial support to budget setting, cost improvement and business cases. The TACT finance business partner will also act as a finance subject matter expert for the TACT senior management team. The job will involve building strong relationships with internal and external partners which are pivotal to the success of the role.
About us
Cambridgeshire and Peterborough NHS Foundation Trust is a health and social care organisation dedicated to providing high-quality care with compassion to improve the health and wellbeing of the people we care for, as well as supporting andempowering them to lead a fulfilling life.
Our clinical teams deliver many NHS services, not only via inpatient and primary care settings, but also within the community. These services include children's, adult and older people's mental health, forensic and specialist mental health, learning disabilities, primary care and liaison psychiatry, substance misuse, social care, research and development.
To achieve our goal, we look to recruit high-calibre candidates who share our vision and values. As an equal opportunities employer, we encourage applications from all sectors of the community, particularly from under-represented groups including people with long term conditions and members of our ethnic minority and LGBTQ+ communities.
Please be advised we reserve the right to close adverts earlier than the closing date should we receive sufficient applications.
Regrettably, we cannot offer sponsorship for all our job roles. If you apply for a role that we cannot offer sponsorship for, unfortunately, your application form will be rejected from the process.
For further information on CPFT, please visit our website at www.cpft.nhs.uk
Job description
Job responsibilities
Please refer to the attached job description and person specification for full details of responsibilities.
Finance and Business Planning
Co-ordinate the development of summary financial plans for TACT services ensuring they reflect their strategic objectives. This will involve the development of annual integrated income, expenditure, workforce, activity and capacity plans.
Prepare detailed bridging statements reconciling year on year performance and validating key movements.
Identify financial risks and analyse both downside and upside financial positions and help to identify mitigations
To take an active role in periodic detailed budget setting processes in conjunction with key stakeholders and TACT senior management team, endeavouring to ensure that resultant targets (both financial and non-financial) are realistic and are fully understood by all involved.
To provide financial input into the preparation of TACT business cases, working closely with clinical leads, operational managers and the wider TACT team.
Financial Monitoring and Reporting
Undertake a comprehensive analytical review of monthly reports to ensure the veracity of information and highlight and substantiate key issues
Monitor the performance of those budgets and analyse key variances timely, proposing remedial action as required
To produce accurate financial forecasts, using professional skill and judgement, ensuring that the TACT Directors understand and support them. The forecasts plans should highlight potential opportunities and risks. Quantify and grade risks identified and support the formulation and implementation of mitigation plans where these are required
Provide an executive reporting pack for the TACT team that they can use as the foundation for formal Executive and Board reporting within each workstream, and to the wider TACT governance structure.
Provide a detailed financial report for the TACT team to feed back with each Trust finance team, to ensure that key financial issues are clearly and professionally presented in a format that allows each Trust to accurately reflect the impact of provider collaboratives in their own reporting and financial planning.
Productivity and Efficiency
Provide finance and business advice to all key decision makers involved in TACT programmes, which must be linked to real initiatives or potential initiatives that can help achieve the objectives of each Partnership workstream.
Provide deeper financial insight into TACT programmes, and pro-actively identify opportunities and risks that could impact on the financial position.
To further develop cost awareness, identifying and quantifying key cost drivers and being able to model the implications of changes in activity on these
Promote a culture of innovation and productivity using financial models to support cost improvement and productivity concepts, business cases and other activity as required
Job description
Job responsibilities
Please refer to the attached job description and person specification for full details of responsibilities.
Finance and Business Planning
Co-ordinate the development of summary financial plans for TACT services ensuring they reflect their strategic objectives. This will involve the development of annual integrated income, expenditure, workforce, activity and capacity plans.
Prepare detailed bridging statements reconciling year on year performance and validating key movements.
Identify financial risks and analyse both downside and upside financial positions and help to identify mitigations
To take an active role in periodic detailed budget setting processes in conjunction with key stakeholders and TACT senior management team, endeavouring to ensure that resultant targets (both financial and non-financial) are realistic and are fully understood by all involved.
To provide financial input into the preparation of TACT business cases, working closely with clinical leads, operational managers and the wider TACT team.
Financial Monitoring and Reporting
Undertake a comprehensive analytical review of monthly reports to ensure the veracity of information and highlight and substantiate key issues
Monitor the performance of those budgets and analyse key variances timely, proposing remedial action as required
To produce accurate financial forecasts, using professional skill and judgement, ensuring that the TACT Directors understand and support them. The forecasts plans should highlight potential opportunities and risks. Quantify and grade risks identified and support the formulation and implementation of mitigation plans where these are required
Provide an executive reporting pack for the TACT team that they can use as the foundation for formal Executive and Board reporting within each workstream, and to the wider TACT governance structure.
Provide a detailed financial report for the TACT team to feed back with each Trust finance team, to ensure that key financial issues are clearly and professionally presented in a format that allows each Trust to accurately reflect the impact of provider collaboratives in their own reporting and financial planning.
Productivity and Efficiency
Provide finance and business advice to all key decision makers involved in TACT programmes, which must be linked to real initiatives or potential initiatives that can help achieve the objectives of each Partnership workstream.
Provide deeper financial insight into TACT programmes, and pro-actively identify opportunities and risks that could impact on the financial position.
To further develop cost awareness, identifying and quantifying key cost drivers and being able to model the implications of changes in activity on these
Promote a culture of innovation and productivity using financial models to support cost improvement and productivity concepts, business cases and other activity as required
Person Specification
Education / Qualifications
Essential
- Financial Qualification with Accountancy Body - minimum Part Qualified
- Evidence of compliance with institute CPD requirements
- Honours degree or equivalent level of qualification and/or equivalent experience
Desirable
- Fully Qualified with Accountancy Body, with current active membership
Experience
Essential
- Significant financial management experience
- Experience of producing management reporting and the monitoring of financial resources
- Budgetary control and monitoring including supporting savings plans.
- Assessment of financial and non-financial data
- Business case costing, writing and evaluation
- Value added analysis.
Desirable
- Experience of working in an NHS or similar organisation to understand clinical processes
- Experience of using Oracle finance systems
- Understanding of Agreement of Balances exercise and final accounts
Knowledge & Skills
Essential
- Strong IT skills including Word, Excel, PowerPoint, and financial systems.
- Excellent skills in analysing, interpreting data to draw conclusions.
- Ability to use judgement to compare and evaluate options, and recommend actions based on those evaluations.
- Effective problem-solving skills, especially for new issues where no precedent to follow.
- Ability to set clear and concise objectives, prioritise and monitor progress and take appropriate action to achieve outcomes by required deadlines.
- Ability to use initiative to pursue challenging and difficult issues with confidence, drive, and tact to achieve results
- Excellent communication skills including presentation and summary of complex data into meaningful information for non-finance managers and colleagues
Desirable
- NHS framework and commissioning arrangements
- The ability to negotiate effectively with a wide range of people and professionals, both internally and externally
Other
Essential
- Full driving licence
- Accepts responsibility and accountability for own work and can define the responsibilities of others.
- Recognises the limits of own authority within the role.
- Seeks and uses professional support appropriately.
- Understands the principle of confidentiality.
- Demonstrates professional curiosity.
- Understanding of need for sensitivity and discretion in particular circumstances
Person Specification
Education / Qualifications
Essential
- Financial Qualification with Accountancy Body - minimum Part Qualified
- Evidence of compliance with institute CPD requirements
- Honours degree or equivalent level of qualification and/or equivalent experience
Desirable
- Fully Qualified with Accountancy Body, with current active membership
Experience
Essential
- Significant financial management experience
- Experience of producing management reporting and the monitoring of financial resources
- Budgetary control and monitoring including supporting savings plans.
- Assessment of financial and non-financial data
- Business case costing, writing and evaluation
- Value added analysis.
Desirable
- Experience of working in an NHS or similar organisation to understand clinical processes
- Experience of using Oracle finance systems
- Understanding of Agreement of Balances exercise and final accounts
Knowledge & Skills
Essential
- Strong IT skills including Word, Excel, PowerPoint, and financial systems.
- Excellent skills in analysing, interpreting data to draw conclusions.
- Ability to use judgement to compare and evaluate options, and recommend actions based on those evaluations.
- Effective problem-solving skills, especially for new issues where no precedent to follow.
- Ability to set clear and concise objectives, prioritise and monitor progress and take appropriate action to achieve outcomes by required deadlines.
- Ability to use initiative to pursue challenging and difficult issues with confidence, drive, and tact to achieve results
- Excellent communication skills including presentation and summary of complex data into meaningful information for non-finance managers and colleagues
Desirable
- NHS framework and commissioning arrangements
- The ability to negotiate effectively with a wide range of people and professionals, both internally and externally
Other
Essential
- Full driving licence
- Accepts responsibility and accountability for own work and can define the responsibilities of others.
- Recognises the limits of own authority within the role.
- Seeks and uses professional support appropriately.
- Understands the principle of confidentiality.
- Demonstrates professional curiosity.
- Understanding of need for sensitivity and discretion in particular circumstances
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).
