Main area Finance Grade NHS AfC: Band 7 Contract Permanent: Secondments will also be considered. Please state this in your application. Hours Full time - 37.5 hours per week Job ref 213-CORP-7048436
Employer King's College Hospital NHS Foundation Trust Employer type NHS Site KCH Business Park Town London Salary £46,148 - £52,809 per annum, including high cost allowance Salary period Yearly Closing 30/04/2025 23:59
Finance Manager (Pathology Business Unit)
NHS AfC: Band 7
King’s College Hospital NHS Foundation Trust is one of the UK’s largest and busiest teaching Trusts with a turnover of c£1.8 billion, 1.5 million patient contacts a year and more than 15,000 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.
An exciting opportunity has arisen for an exceptional individual to join our Pathology Business Unit as a Finance Manager. This role will work across both Guy’s & St Thomas’ NHS Foundation Trust and King's College Hospital NHS Foundation Trust to support the delivery a new and exciting partnership to transform Pathology services across south east London.
This partnership will deliver and transform Pathology service across south east London, serving a population of around 1.7 million and delivering a service for both primary and secondary care providers.
The post holder will be responsible for providing financial support to the Pathology Business Unit (PBU) Team and GSTT / KCH in all financial and commercial matters relating to the Pathology service on behalf of the PBU and will be a business partner to teams within the PBU, acting as the first port of call for all finance queries.
Main duties of the job
* Provide expert finance business partnering support to the PBU in all regular and ad hoc financial management and business planning activities.
* Take responsibility for designing & preparing the monthly finance reports and forecasts for the PBU, including discussing these with relevant stakeholders across the department.
* Support the Senior Finance Manager in the annual financial planning processes for the PBU, taking responsibility for preparing accurate financial plans based on the strategies of the PBU.
* To provide professional expert guidance to team leaders across the PBU team. To be the key contact for the PBU for finance queries.
* To develop and maintain integrated financial performance reports, including analysis of trends and forecasts, coordinating the production of these with the PBU Team as appropriate.
* To proactively identify the financial information, analysis and advice requirements of the PBU, and design & provide reports, papers and other solutions meet these requirements.
* Presenting complex financial information to teams, explaining technical financial concepts in ways which are clear and meaningful to non-financial managers.
* In conjunction with the Senior Finance Manager advise on the development & delivery of the PBU’s commercial strategy for education, including reporting & forecasting on income and contribution from education activities.
Detailed job description and main responsibilities
Strategy and Planning
* To support the Senior Finance Manager in the production of the PBU’s financial plans for the year ahead, including but not limited to:
o Accurately maintaining, developing & updating financial templates
o Costing proposed changes & ensuring these are appropriately reflected in financial plans
o Assessing overall budget & staffing requirements for teams, agreeing these with directorate management, and ensuring these are reflected in financial plans.
o Preparing papers and analysis for discussion with directorate team leaders and presentation to the PBU’s management team
o Supporting service team leaders with developing their business plans, through providing expert financial advice & guidance, and ensuring they are fully informed of their financial plans.
o To support the PBU in identifying ways to improve income generation and to reduce costs, in order to meet short and medium-term financial targets and strategies.
o To be a key link contact between the PBU and Trusts for the management of capital cost centres.
o To ensure that costs & budgets in relation to capital projects & programme activities are accurately, completely, and promptly reflected in the relevant accounts, liaising with the PBU team, programme management, external cost consultants, the Capital Accounts and Financial Operations teams as required.
o To support with the preparation of the PBU budgets and monthly cost reporting including forecasting future spend and undertaking variance analysis as required.
o Support the financial management of the PBU’s ongoing capital projects, ensuring that relevant costs are reflected accurately and promptly in capital accounts and preparing projections of future spend, in conjunction with the Capital Finance Team.
Leadership
* To provide financial leadership and present complex financial management information to the senior directorate staff.
* To ensure that all managers are aware of, and act in accordance with Standing Financial Instructions (SFIs).
* To recommend improvements and changes to local working practices and developing financial processes impacting across the services supported, both within and beyond the finance team.
* To develop within the PBU an awareness of financial performance requirements, and the need for budgetary control, including delivering training to budget holders and managers to support the financial literacy of the organisation.
Person specification
Qualifications
* Substantial progress towards a CCAB accountancy qualification, with full qualification being actively pursued
Experience
* Significant experience of working in NHS accounting department of which considerable experience has been in a specialist financial management role
* Experience of using General ledger and financial reporting software packages
* Preparing business case & business plans
Skills
* Be able to provide, or obtain from other sources, professional advice and support from across all of the accounting disciplines
* Understand and be able to apply the concepts and techniques for: budgeting and financial planning; costing and pricing; variance analysis and financial reporting; the purpose of accounting accruals and provisions
IMPORTANT
* Check your email account regularly as this is how we will communicate with you
* If you delete the job from any of your accounts, you may be prevented from accessing further communications
* To enquire about your application or inform us of any changes in your circumstances, please contact the named person on this advert
* Please provide email addresses for referees where possible
* Please review the documentation on our recruitment microsite, particularly the Trust’s criminal records checking policy
* All staff have a responsibility for safeguarding children and vulnerable adults and for ensuring they are aware of the specific duties relating to their role.
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