Hosted Services Finance Manager

The Royal Wolverhampton NHS Trust•Wolverhampton, WV

10d•Hybrid

About The Position

An exciting opportunity has arisen for an enthusiastic & motivated CCAB Qualified Accountant to join the finance team to support Black Country Pathology Services (BCPS).You will be a self-motivated, proactive individual with strong time management, communication & organisational skills. To succeed in this role, you will have a proven track record of delivery & have professional credibility. You will provide a comprehensive financial partnering role to the services, incl. support around budget setting, financial reporting, service redesign & savings programmes, business case & tender response development, as well as providing value through financial advice and challenge. An understanding of NHS capital regime would be advantageous. It’s an excellent opportunity for a motivated finance professional looking to progress their career. Finance are also continuing to embrace agile working, which means you may be working within the finance department, within service areas or at home. There is an expectation that you would be ‘on site’ at least two days per week. As this post supports services hosted for other organisations there is a requirement to occasionally travel between sites usually throughout the Black Country & on occasion the wider West Midlands. The post holder will provide financial support and advice to the Hosted Services provided by Royal Wolverhampton NHS Trust, namely Black Country Pathology Services (BCPS) and West Midlands Cancer Alliance (WMCA) & NIHR Regional Research Delivery Network (RRDN). The services have a combined budget of circa £109m, and the provision of support will involve dealing with complex, emotive and contentious issues. It will involve the requirement to work with managers in order to ensure operational priorities are delivered within defined financial budgets. Financial support will include advising the operational managers, clinicians and Directors on how to make the most effective use of finance and other resources to bring about increased efficiency and service improvement. The post holder will be key to developing commercial awareness and will understand the linkages between financial and other performance targets. The post holder will be responsible for a finance team of five people providing professional advice on all financial matters. They will represent the Chief Financial Officer at service meetings and will ensure that all decisions are made within a financial framework agreed by the Chief Financial Officer. The post holder will be co-ordinate the BCPS savings programme outlined in the Business Case for combining services reporting progress and ensuring liaison with partner Trusts. The Royal Wolverhampton NHS Trust is one of the largest NHS trusts in the West Midlands providing primary, acute and community services and we are incredibly proud of the diversity of both our staff and the communities we serve. We are building a workforce that can help us to fulfil our values, improve the quality of care for patients, and solve the health care problems of tomorrow. We’re passionate about the value that diversity of thinking and lived experience brings in enabling us to become a learning organisation and leader in delivering compassionate care for our patients. We are delighted that we have been rated as “Good” by CQC. We have achieved numerous awards; The Nursing Times Best Diversity and Inclusion Practice and Best UK Employer of the Year for Nursing Staff in 2020. The Trust is a supportive working environment committed to creating flexible working arrangements that suit your needs and as such will consider all requests from applicants who wish to work flexibly.

Requirements

CCAB Qualified Accountant
Self-motivated
Proactive
Strong time management, communication & organisational skills
Proven track record of delivery
Professional credibility

Nice To Haves

Understanding of NHS capital regime

Responsibilities

The Hosted Services Finance Manager manages a finance team which is responsible for financial advice, financial information and other financial input (e.g. business planning, service level agreements, business development, costing and market testing) to services hosted by RWT including (but not limited to), Black Country Pathology Services and NIHR Clinical Research Network West Midlands.
In support of decision making, to ensure that all information provided by the team is of a high professional standard is timely and accurate and that correct financial principles are adhered to.
Responsible for the day-to-day management of the team, including recruitment and selection, appraisals, personal development, sickness absence policy and disciplinary issues, ensuring Trust HR policies are adhered to.
Co-ordinate the team during the monthly management accounting process, ensuring the correct accounting treatment of provisions made, and that the strict reporting deadlines are adhered to. Delegate tasks as appropriate.
Meet regularly with operational managers and budget holders to discuss the financial position and associated issues. Be satisfied that financial objectives are being met and ensure that action is being planned and implemented that will correct any adverse trends or meet specified cost reductions.
Advise the services on a wide range of financial issues, including identifying cost improvement targets, income generation, costing of tenders and rebased establishments, service developments, financial management and business planning. To ensure that all financial proposals have been accurately costed, and that the services are aware of the full implications of the proposals.
Prepare year end financial forecasts for departmental budgets incorporating all known and potential financial issues. Discuss and agree resultant figures with departments/directors and input to presentation of figures to Trust management and performance review process with external stakeholders.
Ensure that business cases prepared by the departments are consistent with the strategy and have beneficial impact on the service efficiency, use of capacity and financial position. To provide the required financial input which will include a full and accurate financial analysis of the options available.
Interpret Trust and National policy for implementation of relevant objectives.
Attend regular meetings with the BCPS Operational Group Manager and Clinical Director, the CRN Chief Operating Officer and Chief Financial Officer to present and discuss the financial performance of the services/ departments. To attend meetings with other Trust management to discuss financial issues as they arise.
Be the financial lead for hosted services in the annual business planning and budget setting process. Ensure that all relevant issues are considered by managers (e.g. cost pressures, cost improvements plans, service developments), and that the financial implications have been fully costed and included in the business plan submission. Attend each round of budget setting meetings with members of Strategic Board to discuss the Business Plan, and provide financial support to the services/departments.
Co-ordinate the reporting of the BCPS savings programme. Ensuring systems are in place for the timely and accurate production of information.
As the Trust develops or expands services and service provision the remit of the post may also change from time to time where services are linked or mutually beneficial (e.g. introduction of HPV testing within RWT, linked to BCPS).
Liaising with other Finance Managers and senior finance staff to ensure that there is consistency in the approach taken to reporting financial data.
Have lead responsibility for providing financial advice and information for hosted services partnership agreements and service levels agreements.
Communicate financial issues to multi-disciplinary groups of staff and stakeholders. This will involve presenting complex financial information to non-financial people.
Provide budget management training to a range of non-financial staff, ensuring all budget holders have received the appropriate level of training and information.
Be aware of and understand the Trust’s policies and procedures, Standing Orders and Standing Financial Instructions. To ensure they are brought to the attention of relevant managers. To report any non-compliance or potential non-compliance to Chief Finance Officer, Interviewer information pack as appropriate.
To develop the use and understanding of Model Hospital and other benchmarking information within the services to support the achievement of efficiency changes. To ensure that relevant and accurate information is provided for the production of accurate Reference Costs and Service Line Reporting to all partner Trusts.
To be responsible for co-ordinating the hosted services financial management team in accurate completion of the Trust final accounts process, ensuring tasks are completed in line with the year-end timetable as required by the Financial Controller.
To be an authorised signatory for BACS, cheques and other payments made from the department.
To participate in departmental meetings, contributing to the Trust senior finance team and supporting other colleagues as appropriate.
The post is a member of the senior finance team and as such will be expected to take a lead role in one aspect of training and development in the department e.g. apprenticeship liaison, Finance Skills Development lead or professional qualification lead.
Ensure continuous professional development (CPD) in line with the accountancy Professional Bodies’ requirements. Remain appraised of up-to-date relevant professional guidance and standards, and reflect this in day to day work. Be aware of NHS specific legislation and developments for inclusion in dayto day work, e.g. Payment by Results, Agenda for Change, Consultant Contracts, changes in employer contribution costs.