Job responsibilities MAIN DUTIES AND RESPONSIBILITIES :- Royal Free World Class Values The post holder will offer World Class Care to service users, staff, colleagues, clients and patients alike. RESPONSIBILITY FOR POLICY AND SERVICE DEVELOPMENT To support services in the development of FIP/savings plans, working with service managers, budget holders and clinicians on both income and expenditure development. To maintain monitoring systems to track delivery of the annual FIP/savings plan. Along with the Head of Finance, to develop a focus on service line and divisional profitability and return on investment, developing short and medium term financial and savings plans aligned with strategic plans. To lead on the financial and economic analysis required for business cases, ensuring that the costs, benefits and income and expenditure of projects are fully understood and clearly disclosed within business cases. To carry out post implementation reviews once a business case has been approved and implemented to confirm whether the proposal delivered the benefits it promised and to understand any variances between actual results and those anticipated when the business case was approved. To assist in the production of external service agreements and contracts in line with trust policies and to support the development of the new service plans. To analyse and interpret relationships between patient activity data and other key performance indicators and the financial performance of respective areas, in order to anticipate trends and identify weaknesses in budgetary control systems and to establish any implications on corporate support services and service funding streams. To lead on the financial support for a number of strategic projects or service developments within the division. RESPONSIBILITY FOR FINANCIAL AND PHYSICAL RESOURCES To lead the annual budgetary cycle for specified service lines, using specialist knowledge and expert systems.To provide challenge to operational managers and clinicians on budget setting assumptions and work with budget holder to assess risk and mitigation strategies. The post holder will be a key customer of the management reporting team and will need to ensure the coordination, review, integrity and timeliness of the monthly financial reporting process for specified service lines. Oversee day to day administration for service lines of the budgetary control system such that respective budget have complete accurate timely and relevant financial information available enabling them to control costs within their areas of responsibility and to fulfil the Standing Financial Instructions of the Trust. To support all commercial propositions at divisional level and to support the Head of Finance in undertaking or overseeing the financial management on all key contracts within the division. To maintain and ensure that all Trust financial control procedures including Standing Orders and Standing Financial instructions are adhered to. RESPONSIBILITY FOR LEADING AND MANAGING To indirectly lead a team of finance staff, participating in recruitment and support their personal and technical development including establishing best practice, inputting into their appraisal. The post holder will participate in the provision of formal financial training to budget holders and clinicians and be responsible for ensuring adequate financial training within specific service lines. For further information please refer to the attached JD and PS.