Strategic Finance Manager
Norfolk Community Health and Care NHS Trust
This job is now closed
The Corporate Finance team covers a broad range of responsibilities including financial management for Trust corporate services, Financial Strategy, Capital Accounting, Management of the contract with the Trusts outsourced Financial Services provider, financial reporting both internally and externally, financial system governance and overall responsibility for the collation of the Annual Financial Statements alongside key relationship management with both internal and external auditors.
In summary this role will lead on detailed financial analysis (including of the underlying position and forecasting), longer term strategic planning, and complex financial modelling to support service changes and recovery plans.The ideal candidate will agree with NCHCs vision and values, have a strong financial analytical background and be competent at working autonomously. NHS experience is not essential.
Apply now to join a CQC awarded Outstanding organisation.
Main duties of the job
The main duties of the job are
- Working with a variety of colleagues across the Trust to complete financial strategic modelling for the medium and long-term.
- To be the finance lead for significant projects / new business tenders and / or investments, providing financial advice and financial modelling.
- To support the Trust identify, quantify and forecast financial efficiencies
- To support the Trust in reviewing financial elements of any external contracts, both NHS and Non-NHS, ensuring contract wording appropriately reflects the financial arrangements and costings
- To help ensure the Trust makes best use of its resources and provides value for money
- To undertake financial risk analysis on all elements of work undertaken
The Finance team has 26 staff and is split into Corporate Finance and Financial Management. Training and development is a key feature in the team with apprentices, graduate and undergraduate trainees as well as supporting staff to complete their professional qualifications where appropriate. We are proud to promote equality, diversity, inclusion and flexible working, scoring well in a recent survey undertaken by Future Focused Finance (FFF). In addition, the team scores highly in national and local staff engagement surveys. The team's vision is Supporting colleagues and partners to improve the quality of people's lives, in their homes and community by providing relevant and timely financial insight, information and advice. With the ability to work remotely, location close to Norwich is not essential.
Financial Control1. To ensure that all elements of work undertaken or reviewed within the department adheres at all times to the Trusts Standing Financial Instructions, Financial Procedures and all other corporate and financial governance.2. To ensure that the Trust makes the best use of its resources and provides value for money.3. To support the development key financial reporting systems to ensure the Trust can operate effectively in a competitive environment.4. To undertake thorough financial risk analysis and reporting on the outcome of that analysis regularly to the Director and Deputy Director of Finance, alerting them to risks that may prevent the Trust from meeting its statutory duties and compliance framework.5. To lead on the development of effective identification, implementation, control and reporting of Cost Improvement Programmes across the Trust, undertaking thorough risk analysis and reporting on the outcome regularly to the Executive Team and Finance & Performance Committee, alerting them to risks that may prevent the Trust from meeting its statutory annual cost saving programme.6. To support the development the departments financial reporting processes in accordance with legal and regulatory requirements of NHS Improvement, and the Trusts Commissioners as well as meeting the requirements of in-house stakeholders, including senior managers and budget managers, taking into account any future amendments to these agreements.7. To provide information as necessary to external bodies, including commissioners, NHS Improvement, ensuring compliance with any national returns required of the Trust, such as NHS Improvement Annual Plan, and any new returns until they become embedded within the financial management or financial services team as business as usual.8. To provide complex financial modelling scenarios for the five-year financial plan that takes account of investment opportunities, developments, efficiencies, risk assessment and mitigation, sensitivity analysis and cash management requirements and to review these with the Deputy Director of Finance on an annual basis.9. To ensure that financial plans are consistent with service development plans and multi-disciplinary organisation-wide planning of patient care and supporting services, and are consistent with other key strategic intentions, including cost improvement programmes, estates strategy and service development plans.10. Ensure financial representation and presence on working and strategy groups dealing with financial aspects of relevant initiatives.
Financial Planning11. Together with the Head of Corporate Finance, the post holder will be responsible for reviewing the financial modelling outputs of the strategic planning team participating in multi-disciplinary project groups; co-ordinating their own responsibilities (complex financial modelling) with those of others to ensure group targets and deadlines are achieved.12. To provide the financial modelling input into the Trusts business planning processes, including the development of the five-year financial plan, the NHS Improvement Annual Plan and business case development.13. To be the finance representative at meetings when the financial business case of tenders and bids are presented to Commissioners, Transformation Programme Board, the Finance and Performance Committee, the Investment Committee or the Trust Board of Directors, as appropriate.14. To ensure that the financial modelling takes account of investment opportunities, developments, efficiencies, risk assessment and mitigation, sensitivity analysis and cash management requirements and to review these with the Head of Financial Strategy on a regular basis.15. To be the lead finance expert and to be responsible for complex financial modelling on all tenders and bids the Trust considers, ensuring all financial implications are taken into account and that value for money is achieved.16. To provide the Head of Commercial Services with the complex financial analysis to support the negotiations for Trust Contracts with Commissioners, Local Authorities and other external bodies, and internally with the business development team, senior managers, ensuring these are accurately costed. To be responsible for reviewing the financial elements of any contracts with external bodies for new business, tenders or bids, ensuring there are no elements which have not been considered within the financial analysis.
Financial Accounting17. Support the delivery of the Trusts statutory annual accounts in accordance with International Financial Reporting Standards as interpreted for the NHS by the Department of Healths Manual for Accounts.18. Ensuring that monthly and annual accounts are prepared in accordance with International Financial Reporting Standards as interpreted for the NHS by the Department of Health and Social Cares Manual for Accounts.19. To lead the reporting of service level profitability through the Trusts Service Line and Patient Level reporting systems.20. To lead the analysis for national costing returns, such as Reference Cost submissions, including liaising with Performance Managers.
General21. To interpret the financial implications of national NHS policy for the Trust.22. Using experience to provide financial advice to all stakeholders in the organisation to enhance the performance of the Trust.23. Ensuring that all duties are carried out to the highest possible standard.24. To provide financial training and budget management to budget managers where required, monitoring how well this education has been absorbed when reviewing budget statements.25. Arranging and taking part in training sessions for budget managers.
Skills, Abilities and Knowledge
Personal and People Development
Personal Attributes / Behaviours (linked to the Trust's Behaviour Framework)
Certificate of Sponsorship
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).
Applicants must have current UK professional registration. For further information please see NHS Careers website (opens in a new window).
Norfolk Community Health and Care NHS Trust
For help with your application, contact:
20 September 2021
Agenda for change
£40,057 to £45,838 a year
Full-time, Job share, Flexible working, Home or remote working, Compressed hours, Term time hours, Annualised hours