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Job summary

Main area
Finance
Grade
NHS AfC: Band 8c
Contract
Permanent
Hours
Full time - 37.5 hours per week
Job ref
213-CORP-6469234
Employer
King's College Hospital NHS Foundation Trust
Employer type
NHS
Site
Coldharbour Works Building
Town
London
Salary
£78,163 - £88,884 Per Annum inclusive of HCAS
Salary period
Yearly
Closing
23/08/2024 23:59

Employer heading

King's College Hospital NHS Foundation Trust logo

Senior Finance Business Partner

NHS AfC: Band 8c

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 15,500 staff based across 5 main sites in South East London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King’s College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in the London Borough of Bromley.

Job overview

The post holder will report directly to the Site Director of Finance at Denmark Hill and will be one of two senior finance business partners for the 10 Denmark Hill Care groups and 7 pan Trust Care groups managed from Denmark Hill. The role is an interface between Finance and Operations, providing expert accounting and business knowledge, analytical support and clear presentation of financial and business information to clinical and non-clinical colleagues to drive sound financial decision-making. 

The post holder will constructively and positively challenge all aspects of the site’s financial and business performance.

The post holder will be accountable to the Site Director of Finance for their Business Partnering team’s adherence to Trust financial policies and procedures, statutory requirements and requirements from Department of Health and NHSI. They will be accountable for interpreting changes in government policy and assessing the financial impact of these changes on Trust Finances. They will propose and make changes to Trust policy as appropriate, ensuring that policies and procedures are developed and implemented in line with Trust requirements.

Main duties of the job

  • Responsible for provision of business partnering to care group portfolio, by:
    • Supporting and influencing operational and strategic decisions
    • Interpreting, explaining and driving financial performance
    • Advising on planning, business case development, external context, benchmarking and commercial opportunities
    • Analysing, advising on and mitigating financial risk in the division
    • Challenging behaviour that disregards the Trust’s financial principles, policies and procedures.
  • Responsible for developing relationships across the site and in particular with the care group management teams to enable the delivery of effective business partnering.
  • Responsible for advising and supporting Clinical Directors and managers to ensure they meet their financial obligations and responsibilities.
  • Responsible for analysing and agreeing a financial forecast at detail and summary levels, which build in the effect of all actions being taken across the site’s care groups.
  • Leads the monthly review of their care group’s financial performance at all levels within deadlines and makes recommendations to the Site Director of Finance on the actions to ensure trust performance meets targets, and is fully understood and agreed by the Site Executive.

Please refer to the JD for a full description.

Working for our organisation

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.

Detailed job description and main responsibilities

CIPs and Transformation:

  • Works closely with the Trust PMO to identify, accurately cost, analyse, monitor and report on cost improvements plans (CIPs), savings schemes and Transformation projects.
  • Works closely with PMO and transformation colleagues to help managers identify, assess and analyse potential and current savings schemes in order to meet CIP targets.

Workforce and Establishment:

  • Works closely with HR colleagues to ensure that the trust’s system of establishment control is adhered to, and that the financial position and planning models accurately reflect the same information as ESR. Ensures that annual budgets and financial plans reflect divisional workforce plans.

Income and activity:

  • Leads the process of building care group understanding of the links between activity and income and ensures accurate reporting which agrees with divisional performance including remedial action where necessary.
  • Leads the process of identifying all revenue opportunities in the division, providing professional advice on pricing strategies in conjunction with the Director of Commercial and Contracting

Budgeting and Planning:

  • Supports the production, agreement and implementation of annual budgets across the division, in accordance with the agreed Trust timetable and procedures, including appropriate controls for sign-off against targets.
  • Responsible for ensuring that care groups understand and comply with their annual planning and budgeting responsibilities
  • Responsible for summarising annual budgets at any point in time and communicating their care group’s performance against budget targets.

Person specification

Qualifications

Essential criteria
  • CCAB qualified accountant with significant post qualification experience in financial leadership roles.
  • Evidence of recent CPD including specialist training and experience relating to NHS finance as well as national accounting standards.

Experience

Essential criteria
  • Significant post-qualification experience in a strategic finance leadership in a large complex organisation
  • Experience of working with multiple stakeholders with conflicting priorities
  • Financial modelling and translating complex data from various systems into clear and comprehensive financial model.
Desirable criteria
  • Experience and knowledge of the NHS including the financial and political agenda.

Skills and Competencies

Essential criteria
  • Accounting skills including financial analysis, planning and option appraisal.
  • Highly developed influencing and negotiation skills which need to overcome significant barriers to acceptance.
  • Ability to present to wide range of audiences on complex financial and business issues.
Desirable criteria
  • Understanding of the changing NHS environment and its implications for service delivery.

Employer certification / accreditation badges

Capital Nurse, LondonApprenticeships logoAge positiveArmed Forces Covenant (Silver Award)Mindful employer.  Being positive about mental health.Disability confident employerStep into health

Documents to download

Apply online now

Further details / informal visits contact

Name
Arthur Vaughan
Job title
Deputy Chief Financial Officer
Email address
[email protected]
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