Job summary
Internal Only
Location: Across sites, both Isle of Wight NHS Trust and Portsmouth Hospitals University NHS Trust (frequency of visits to each site, to be agreed locally)
The Financial Improvement Accountant is part of our Financial Improvement Team. Reporting to the Head of Financial Improvement, and supporting the Financial Improvement Manager, you will:
- Support the Trusts in the development, implementation, and monitoring of Cost Improvement Programme (CIP) Plans, to aid the delivery of the Operating plans.
- Analyse/use benchmarking data and other business intelligence to identify efficiency and improvement opportunities and maximise financial improvement opportunities and deliver sustainability.
- Provide both Trust management teams with advice, information, and expertise to enable the commission and provision of the best possible healthcare.
- To support the annual budget setting process in conjunction with and in support of the Operating Plan and Cost Improvement Programme Plan.
Main duties of the job
As a Financial Improvement Accountant will work closely with colleagues across Finance, Strategy, Delivery Unit, HR, and divisions, to identify, capture, track and report CIP targets and performance, both financial and non-financial benefits.
About us
Our vision for Single Corporate ServicesIsle of Wight NHS Trust (IWT) and Portsmouth Hospitals University NHS Trust (PHU) have a shared vision of a single corporate service across our two organisations, supported by a single set of identical systems and processes, under joint leadership, to drive significant efficiencies, improve employee experience, and return time to patient care.
This vacancy is part of the Single Corporate Services Division.
Why are we changing the way we deliver Corporate Services?Working as a partnership, both IWT and PHU have a shared vision for excellence in care for our patients and communities; with a set of strategic aims underpinning how we will achieve this. The creation of a single corporate service is essential for us to support our clinical and operational services, and our wider transformation programme.
Job description
Job responsibilities
The vision for our single corporate services is to:
- Be an employer of choice for corporate talent, attracting and retaining people who share our values for excellence in care and welcome the opportunity to benefit from the broad range of flexible career and development opportunities we can offer.
- Improve efficiency through simplified and standardised policies, processes, and systems, drawing on the best from both Trusts.
- Do things once and reduce any duplication on transactional tasks giving corporate staff the ability to focus on higher value and more diverse activities.
- Co-invest in the latest digital solutions and standardise our approach, meaning we do things once for both organisations.
- Improve learning and development opportunities and sharing best practice, upskilling both Trusts.
- Co-locate teams in purpose-built facilities on the Island and in Portsmouth to enable closer working and sharing.
- Build resilience for individuals and our teams.
The single corporate service is delivered across both organisation. You may be based at either IWT or PHU and individuals may be required to undertake business travel between sites. For leaders managing staff across multi-site locations, you will need to be visible and provide in person leadership. The arrangements and frequency will be agreed locally.
The post holder is responsible for the integrity, accuracy, and timeliness of financial information to support the business making decision processes of the Divisions. It is expected that the standards delivered will be measured against national standards and benchmarks and will deliver national best practice in all relevant areas. This will be achieved by:
- Implementing consistent processes for capturing, tracking and forecasting benefits , supported by sensitivity analysis to model ranges of forecasts and the risk factors affecting those forecasts.
- Deliver effective reporting systems from Board to Division to Ward Level.
- Work alongside the Financial Improvement Project Manager to implement project management systems based on annual CIP targets and will ensure that targets and projects are operationally driven and operationally owned.
- To implement financial models to support business planning and business case development for dissemination through the Division Financial Management teams.
- Support the Financial Improvement Manager to identify, develop and monitor the financial benefits from programmes and projects across the Trust and System.
- Incorporate financial benefits into the Trust CIP Plan where appropriate, ensuring that monitoring and reporting is aligned.
- Maintain assurance processes to ensure that internal controls and checks are working properly (e.g. engagement with clinical and non-clinical staff holding delegated financial budgets).
Job description
Job responsibilities
The vision for our single corporate services is to:
- Be an employer of choice for corporate talent, attracting and retaining people who share our values for excellence in care and welcome the opportunity to benefit from the broad range of flexible career and development opportunities we can offer.
- Improve efficiency through simplified and standardised policies, processes, and systems, drawing on the best from both Trusts.
- Do things once and reduce any duplication on transactional tasks giving corporate staff the ability to focus on higher value and more diverse activities.
- Co-invest in the latest digital solutions and standardise our approach, meaning we do things once for both organisations.
- Improve learning and development opportunities and sharing best practice, upskilling both Trusts.
- Co-locate teams in purpose-built facilities on the Island and in Portsmouth to enable closer working and sharing.
- Build resilience for individuals and our teams.
The single corporate service is delivered across both organisation. You may be based at either IWT or PHU and individuals may be required to undertake business travel between sites. For leaders managing staff across multi-site locations, you will need to be visible and provide in person leadership. The arrangements and frequency will be agreed locally.
The post holder is responsible for the integrity, accuracy, and timeliness of financial information to support the business making decision processes of the Divisions. It is expected that the standards delivered will be measured against national standards and benchmarks and will deliver national best practice in all relevant areas. This will be achieved by:
- Implementing consistent processes for capturing, tracking and forecasting benefits , supported by sensitivity analysis to model ranges of forecasts and the risk factors affecting those forecasts.
- Deliver effective reporting systems from Board to Division to Ward Level.
- Work alongside the Financial Improvement Project Manager to implement project management systems based on annual CIP targets and will ensure that targets and projects are operationally driven and operationally owned.
- To implement financial models to support business planning and business case development for dissemination through the Division Financial Management teams.
- Support the Financial Improvement Manager to identify, develop and monitor the financial benefits from programmes and projects across the Trust and System.
- Incorporate financial benefits into the Trust CIP Plan where appropriate, ensuring that monitoring and reporting is aligned.
- Maintain assurance processes to ensure that internal controls and checks are working properly (e.g. engagement with clinical and non-clinical staff holding delegated financial budgets).
Person Specification
Qualifications
Essential
- AAT qualified and/or Studying CCAB diploma level or significant relevant experience required.
Experience
Essential
- Understanding of cost improvement methodology
- Highly developed numeric skills with an approach of materiality
- Computer literate - competent in producing Excel spreadsheets
- Ability to plan, prioritise and manage workload of self and others, working to tight deadlines
- Experience of all aspects of management accounting skills and knowledge
Desirable
- Experience of working within the NHS setting
- Understanding of NHS Finance information
Knowledge
Essential
- Good level of analytical skills, including analysis of data using Excel / related tools
Desirable
- Understanding of NHS Finance information
Person Specification
Qualifications
Essential
- AAT qualified and/or Studying CCAB diploma level or significant relevant experience required.
Experience
Essential
- Understanding of cost improvement methodology
- Highly developed numeric skills with an approach of materiality
- Computer literate - competent in producing Excel spreadsheets
- Ability to plan, prioritise and manage workload of self and others, working to tight deadlines
- Experience of all aspects of management accounting skills and knowledge
Desirable
- Experience of working within the NHS setting
- Understanding of NHS Finance information
Knowledge
Essential
- Good level of analytical skills, including analysis of data using Excel / related tools
Desirable
- Understanding of NHS Finance 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).
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).
