Job summary

Finance Analyst - R&D, Education and Training and ARC

An opportunity has arisen with the Trust's Financial Management team, for an experienced Finance Analyst.

This opportunity is for someone to provide the directorates (R&D, Education and Training, and ARC) with a comprehensive, high quality, service, and support, for issues relating to management accounting and financial advice .

The ideal candidate will have previously worked within a finance department, be actively studying for a CCAB qualification, for at least one year, or be part qualified. They will be able to demonstrate a proven track record of delivering to tight deadlines within a financial management setting.

Candidates must possess excellent communication, organisational, IT and analytical skills, and be committed to working flexibly within a team which delivers excellent service to its customers.

Main duties of the job

To support the Senior Finance Manager (R&D, Education and Training and ARC) in providing the directorate with a comprehensive and high quality service and support for issues relating to management accounting.

To assist and support Financial Accounts, General Managers and other service managers on financial and business development issues. To develop expert knowledge of budgetary areas for contribution to costing and pricing processes.

About us

Chelsea and Westminster Hospital NHS Foundation Trust provide services from two main hospitals, Chelsea and Westminster Hospital and West Middlesex University Hospital, and a number of clinics across London and the South-East.

We have nearly 7,000 members of staff that are PROUD to Care for nearly one million people.

Both hospitals provide full clinical services, including full maternity, emergency and children's, in addition to a range of community-based services across London, such as award-winning sexual health and HIV clinics.

We're one of the best performing Trusts in the country. We're also one of the top trusts to work for - our staff says they're engaged, motivated, and would recommend us as a place to work and receive treatment.

Our Trust has been rated by the Care Quality Commission as 'Good' in all five of the main domains of safe, effective, caring, responsive and well-led, giving an us overall rating of 'Good'. We've also been awarded an 'Outstanding' rating for 'use of resources' by an NHS Improvement inspection.

Our facilities are some of the best in the country. We have been investing significant Capital year on year in our estate.

We have recently completed a �30m expansion of our adult and neonatal critical care facilities at Chelsea and Westminster and are planning an ambitious �60m development of an Ambulatory Diagnostics Centre at West Middlesex.

Job description

Job responsibilities

To work as part of the Financial Management, team to provide financial advice, support and guidance to the directorates in accordance with the Trusts policies and procedures for financial management and corporate governance.

To attend meetings on behalf of the Senior Finance Manager as and when required

Working closely with other Financial Analysts, Management Accounts Team and Financial Accounts team to ensure that accurate financial reports are completed within agreed deadlines

Providing analyses as required to the Senior Finance Manager, Head of Financial Management, Directorate Managers and Budget Holders to support the monthly Directorate reports including:o Variance analysiso Analysis of actuals versus forecasto Monthly/quarterly reforecasto Analysis of significant accrualso Narrative report focusing on key issues and risks

To provide comprehensive financial support to the R&D Department to include the month end processes, raising of research related invoices, tracking of billing and income.

To work closely with members of the research services and research delivery teams to ensure studies are costed correctly and liaise with support departments to capture costs and attribute income.

To hold regular meetings with Budget Holders to review their monthly financial position and discuss areas of over-spend and mitigations.

To ensure that budgets are accurately input into the ledger and that a full audit trail exists for changes to budgets.

To review transactions continuously within Directorate to ensure compliance with delegated limits and approved processes ensuring that, where breaches have occurred, appropriate disclosure is made and action taken to prevent recurrence.

To assist in the identification of efficiency savings. To give guidance on the implementation of cost improvement programmes and recovery plans and to facilitate the delivery of a cost efficient and effective service.

To ensure that all accounting adjustments are appropriately authorised and disclosed

To assist the Senior Finance Manager and Financial Accounts in the dissemination of financial policies and procedures to appropriate staff and managers. To assist actively in the training of non-financial staff in developing a wider understanding of financial policies and procedures and the financial circumstances of the Directorate.

To assist the Financial Planning Team in the preparation of annual financial budgets for the Directorate and clearly understand the planned activity these resources are intended to support;

To maintain budgets in the ledger to reflect accurately the Directorates activity, income and expenditure plans.

To maintain cost centre budget establishments reconciling to the budget in the ledger and work with the HR Workforce Team to reconcile to ESR.

To assist in the development of training of managers throughout the directorate in the Trusts Standing Financial Instructions and core financial and budgetary procedures.

To support the Senior Finance Manager in ensuring effective communication throughout the Directorate on relevant and key issues for finance.

Provide ad-hoc costing information or financial analysis to Budget Holders and Senior Finance Manager as and when required.

Person Specification

Essential

Essential

• Be actively studying for a CCAB qualification, for at least one year, or be part qualified
• Experience in the full financial management cycle for a division or equivalent, including budget setting, savings plans, budget management, staff costings and year-end accounts.
• Ability to work in a multi-disciplinary environment, and to strict deadlines
• Highly experienced user of MS Office, including Excel, Word and PowerPoint

Desirable

• Experienced User of Reporting Systems (e.g. Business Objects, Crystal Reports, Qlikview)
• Oracle Financial Systems and related applications
• R&D Finance Experience

Any attachments will be accessible after you click to apply.

289-CR-1345