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Deputy Finance Manager

Employer
West Suffolk NHS Foundation Trust
Location
Bury St Edmunds
Salary
£50,952 to £57,349 per annum
Closing date
11 Jun 2024

View more

Profession
Other Health Profession
Grade
Band 8A
Contract Type
Permanent
Hours
Full Time
We are one of 40 Trusts across the country to receive funding for new build projects from the Government's Health Infrastructure Plan. This is a fantastic opportunity and a unique chance to develop a health and care facility that is fit for purpose now and future years to come, delivering innovative, joined up health care to the population of West Suffolk.

An exciting opportunity has arisen for an experienced and dedicated individual to join the Trust as a Deputy Finance Manager in the Financial Management team providing business and financial support to one of our Clinical Divisions. This role will allow you to broaden your experience across the Trust, increase your commercial acumen and give you exposure to the senior leadership of the Trust as we head towards our new healthcare facility.

The ideal applicant will have a background in operational or business finance, with excellent communication skills. Whilst an NHS background would be helpful we are also open to recruit from the private sector. The successful applicant will be CCAB qualified (or equivalent), educated to degree level (or equivalent) and be able to demonstrate continued personal development.

The team are currently working in a hybrid manner with approximately 50% at home and 50% in the office.

West Suffolk NHS Foundation Trust offers a range of benefits, including flexible working arrangements generous holiday allowance excellent NHS pension scheme and support for further study amongst others.

Main duties of the job

The DFM is a key player in providing support to an organisation that provides excellent healthcare in a safe, friendly and caring environment where patients, relatives and their carers will choose to be treated and people will aspire to work. The purpose of the post is to support the Finance and Performance Manager for one of our Clinical Divisions in ensuring that the Trust meets both its financial and performance targets, by:
  • Providing accurate and timely monthly financial reports to one of our clinical divisions and to inform the board report. This includes monthly budget reports, analysis of variances & forecasts.
  • Providing costing input and advice into business cases, tenders and restructures arising within the relevant operational areas.
  • Supporting the annual budget setting process for one of our clinical divisions liaise with budget holders to ensure efficient and effective use of financial resources.
  • Meeting with budget holders on a regular basis to identify and implement improvements, manage changes, budget & cost reductions and achieve efficiency targets.
  • Line management and development responsibility of management accountant(s), undertaking appraisals and framing personal development plans.
  • Ensuring budget holders comply with the Trust's Standing Financial Instructions

We are seeking talented individuals who are dedicated, motivated, pro-active with excellent planning and organisational skills to help us provide high quality care to our local communities.

About us

#BeKnown at West Suffolk NHS Foundation Trust. By us. By our patients. By our community

We are a busy, friendly, rural NHS Trust providing high-quality care and compassion to more than a quarter of a million people across west Suffolk. We care for, treat and support people in hospital, at home and in various community settings.

The West Suffolk Hospital in Bury St Edmunds provides acute and secondary care services (emergency department, maternity and neonatal services, day surgery unit, eye treatment centre, Macmillan unit and children's ward). It has 500+ beds and is a partner teaching hospital of the University of Cambridge.

Adult and paediatric community services, provided in collaboration with West Suffolk Alliance partners, include a range of nursing, therapy, specialist, and ongoing temporary care and rehabilitation, some at our Newmarket Community Hospital.

We do our utmost to achieve outstanding clinical outcomes for patients and our values of fairness, inclusivity, respect, safety and team work guide how we work and behave as a team.

With nearly 5,000 staff, from all over the world, we strive to make our organisation a great place to work. Whatever your role or ambition, we want to help you be the best you can be.

We promote a diverse and inclusive community where everyones voice counts and you can #BeKnown for whoever you are.

Join us. What will you #BeKnown for?

Job description

Job responsibilities

Please see job description for full details.

Key Responsibilities
  • To assist in the production of annual revenue budgets for the organisation through the budget setting process.
  • Responsible for the collection, review and processing of monthly management accounting information and presentation of all key aspects of this data (including revenue and CIP performance) in the appropriate form for the relevant internal and external governance bodies.
  • To advise the Finance and Performance manager on the availability of resources to discharge the Trusts financial management responsibilities.
  • To support clinical, nursing and operational leads by becoming an integral member of the divisional team. In the process of financial performance management of the Trust, reporting actual performance against the plan and where performance differs significantly to influence operational managers/clinicians in taking corrective action.
  • To lead in the formulation of the financial aspect of the divisional business cases in accordance with the Trusts strategic aims and objectives (as directed by the Finance and Performance Manager). To make the Finance and Performance Manager aware of the risks and benefits of business cases. To advise & recommend options on financial and non-financial aspects of the business plans, including assessment of financial risk and advice regarding the allocation of financial resources.
  • To act in an entrepreneurial and innovative manner, ensuring that all financial opportunities and strategic threats (often including highly complex cross divisional issues) are identified, investigated and acted upon to deliver a balanced financial position for the division.
  • To assist clinical, nursing and operational leads by identifying and achieving cost improvement and income generation targets, undertaking reviews of all existing practices with the aim of improving efficiency. To ensure that the measurement and financial reporting of progress towards the Trust cost improvement programme is robust and auditable.
  • To support and input into the production and timely completion of the year end accounting cycle. To ensure that appropriate analytical review analysis is completed to support the accounts.
  • To continually improve and develop the provision of quality information and financial expertise for the divisions.
  • To deputise for the Finance and Performance manager for the relevant Clinical Division
  • To ensure the Trusts interests are served in the provision and receipt of services from partner organisations (e.g. Universities, NHS Trusts, ICBs) and the commercial sector.
  • To ensure that robust financial forecasting is undertaken in a professional manner which provides effective early warning of potential future problems which enable financial risks to be effectively managed.
  • Ensure there are appropriate systems and processes in place which deliver a continuous process of improved efficiency and value for money using external sources of benchmarking where available and that the delivery of Trust cost improvement programme is effectively delivered.


Person Specification

Education and qualifications

Essential

  • Degree Qualification level
  • CCAB qualified or equivalent


Experience and knowledge

Essential

  • Proven financial management skills
  • Proven analytical and presentation skills
  • Knowledge of financial processes
  • Experience of budget management in a highly complex environment
  • Advanced computer skills, especially in relation to modelling (spreadsheets), reporting and use of accounting systems.
  • Prepare and present financial information to senior managers including executive directors
  • Evidence of financial planning and delivery


Desirable

  • Experience of NHS Capital accounting
  • Experience of reporting and monitoring of non-financial information


Skills and abilities

Essential

  • Excellent interpersonal skills
  • Analytical skills and high levels of persuading and influencing skills
  • The ability to understand complex customer needs quickly and respond effectively to them
  • Contextualise business reporting through an understanding of both financial and non-financial KPIs
  • The ability to plan and execute strategic change and influence organisational and individual behaviour
  • Ability to think strategically and deliver operationally


Personal qualities

Essential

  • Forward thinking results orientated
  • Committed to continuing personal development
  • Good presentation skills allied to IT
  • Critical, but constructive in approach
  • Team player and have personal initiative and drive
  • Good organisational skills
  • Self-reliant
  • Professional & confident individual who exhibits a strong presence and leadership potential
  • Influence business decisions through reports, presentations and discussions with senior managers, clinicians and directors
  • Innovative thinker
  • Ability to manage conflicting demands and plan appropriately
  • Good communicator at all levels
  • Ability to cope under pressure


Employer details

Employer name

West Suffolk NHS Foundation Trust

Address

West Suffolk Hospital

Hardwick Lane

Bury St Edmunds

IP33 2QZ

Any attachments will be accessible after you click to apply.

179- 6318415-P

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