Head of Income
- Employer
- Royal Berkshire NHS Foundation Trust
- Location
- Reading
- Salary
- £50,952 to £57,349 per annum
- Closing date
- 21 Jun 2024
View more categoriesView less categories
- Profession
- Other Health Profession
- Grade
- Band 8A
- Contract Type
- Permanent
- Hours
- Full Time
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Job Summary
The Head of Income Management is responsible for leading the Finance directorate in all matters relating to Trust Income, including NHS Payment System and Contracts. They will achieve this by maintaining their ongoing expert-level understanding of the planned levels of income, monitor actuals and explain variances. They will support the contract team (at times leading) on dispute resolution for all financial issues raised by external commissioners.
The post holder will be the Trust lead on monthly income reporting, including all elements of the monthly NHSE Provider Finance in-year Monitoring Return, working with a wide range of stakeholders in resolving issues and producing supporting information for the monthly Trust Board report.
They will support all relevant financial information requirements of the commissioning and business planning cycle, including income budget setting with reporting into NHSE FPR and IPR templates, cashflow projections, forecasting. They will link all income back to activity, designing, implementing and maintaining bespoke reporting systems to reflect the requirements of NHSPS, and new NHS financial reporting requirements.
The post holder will be responsible for the overall management and performance of the Income Accounting team including recruitment, appraisal, training and development.
Main duties of the job
Main tasks and Responsibilities
1. Manage the monthly closedown process to ensure that the General Ledger position accurately reflects performance against income contracts and that there is a reconciliation of all income reports.
2. Be the Income finance lead for the Trust and expert for NHSPS (NHS Payment System) dealing with all requirements associated with reporting and submissions. Establish and maintain effective data monitoring systems to enable analysis and identify trends, with presentation and interpretation of results to enable effective decision making.
3. Take a leading role for the Trust in the resolution of all technical issues on the application of NHSPS that may be encountered within Finance, Contracting or elsewhere in the Trust.
4. Manage the production of Contracts at HRG (Healthcare Resource Group) and ICB (Integrated Care Board) level to be consistent with the NHSPS.
About us
WAYS OF WORKING AND BEHAVIOURSThe job holder will display the agreed behaviours of theDirectorate and the Trust as encapsulated by the performance management and personal development documentation, and in particular, the Trust expects all staff to comply with all relevant policies and codes of conduct and to display the values of the Trust.
Job description
Job responsibilities
Main tasks and Responsibilities
1. Manage the monthly closedown process to ensure that the General Ledger position accurately reflects performance against income contracts and that there is a reconciliation of all income reports.
2. Be the Income finance lead for the Trust and expert for NHSPS (NHS Payment System) dealing with all requirements associated with reporting and submissions. Establish and maintain effective data monitoring systems to enable analysis and identify trends, with presentation and interpretation of results to enable effective decision making.
3. Take a leading role for the Trust in the resolution of all technical issues on the application of NHSPS that may be encountered within Finance, Contracting or elsewhere in the Trust.
4. Manage the production of Contracts at HRG (Healthcare Resource Group) and ICB (Integrated Care Board) level to be consistent with the NHSPS.
5. Oversee production of take responsibility for the monitoring reports required under the NHSPS via use of the Civica SLAM system, and to identify and secure all additional activity related income due to the Trust.
6. Lead on the formulation and production of the financial support required for the annual contracting process and contribute to the forecast and submissions to NHSE for the year ahead, via completion of all income elements in respect of the FPR & IPR.
7. Complete the monthly PFR reports for NHSE in respect of all income elements.
8. Produce all necessary income reports on a monthly, annual and ad hoc basis (including use of the Civica SLAM system) working closely with Care Groups, Informatics & Contracting to reflect activity & demonstrate evaluated performance of Contracts.
9. Conduct analysis of reports and make recommendations to internal and external stakeholders on appropriate courses of action, options and risks. Interpret multi-factorial complex data and apply judgement on results.
10. Work closely with colleagues in Contracting to ensure annual plans for income are robust and up to date. Ensure plans are formulated and delivered to suit Trust requirements. Develop/utilise models for Income planning and forecasting.
11. Assist in securing income from ICBs and other providers, including LVAs (Low Value Activity), minor contracts & trust recharges, non-recurrent variations and new in-year recurrent funding. Participate in payment negotiations to resolve disputes and ensure prompt settlement, demonstrating tenacity and the ability to persuade others who hold strong opinions on a different point of view.
12. Support the Chief Finance Officer and Director/Deputy Director of Finance in negotiations of ICB agreements through day to day management of financial issues arising. Engage in such dialogue as necessary to establish effective working relationships and resolve disputes.
13. Contribute to the production of Care Group & Trust income budgets based on agreed contracts, incorporating agreements and outcomes of costing and commissioning processes.
14. Assist the Contracts team an managing the monitoring and reporting of all income contracts and associated budgets, ensure their awareness of the financial consequences of agreements and any service changes. Do this by validating all inpatient and outpatient variances that will have a direct financial impact on the Trust, then interpreting complex variables to ensure clarity of understanding, ultimately guiding parties toward optimum course of action.
15. Take responsibility for ensuring the Trust Information systems support the monitoring requirements of NHSPS.
16. Manage the development of Trustwide systems and processes pertinent to Income invoicing, accounting and monitoring and ensure Lean ways of working are documented and implemented.
17. Act as an authorised signatory for Trust payments including BACS and other electronic payments, cheques, additional cash drawdown from national allocations and transfers between Trust bank accounts.
18. Develop and implement frequent audits of current and new processes relating to all areas of responsibility. Ensure probity and enhanced efficiency resulting in client satisfaction. Develop new methods to conduct rigorous analysis of results.
Staff Management and Development
1. To manage the income team in delivering its objectives in line with Trust objectives, motivating and developing staff. In particular to ensure that the appropriate support and development opportunities are given to staff to achieve the necessary process changes and improvements, including but not limited to appraisals and PDPs, encouraging staff to undertake development and training opportunities.
2. Engender an environment where all staff are constantly seeking to make service improvements, developing talent to maximise capability and expertise.
Person Specification
Education / Qualifications & Training
Essential
Desirable
Experience
Essential
Desirable
Employer details
Employer name
Royal Berkshire NHS Foundation Trust
Address
Main site Royal Berkshire Hospital - Princess House
Reading
RG1 5UZ
Any attachments will be accessible after you click to apply.
193-6364456CORHead
The Head of Income Management is responsible for leading the Finance directorate in all matters relating to Trust Income, including NHS Payment System and Contracts. They will achieve this by maintaining their ongoing expert-level understanding of the planned levels of income, monitor actuals and explain variances. They will support the contract team (at times leading) on dispute resolution for all financial issues raised by external commissioners.
The post holder will be the Trust lead on monthly income reporting, including all elements of the monthly NHSE Provider Finance in-year Monitoring Return, working with a wide range of stakeholders in resolving issues and producing supporting information for the monthly Trust Board report.
They will support all relevant financial information requirements of the commissioning and business planning cycle, including income budget setting with reporting into NHSE FPR and IPR templates, cashflow projections, forecasting. They will link all income back to activity, designing, implementing and maintaining bespoke reporting systems to reflect the requirements of NHSPS, and new NHS financial reporting requirements.
The post holder will be responsible for the overall management and performance of the Income Accounting team including recruitment, appraisal, training and development.
Main duties of the job
Main tasks and Responsibilities
1. Manage the monthly closedown process to ensure that the General Ledger position accurately reflects performance against income contracts and that there is a reconciliation of all income reports.
2. Be the Income finance lead for the Trust and expert for NHSPS (NHS Payment System) dealing with all requirements associated with reporting and submissions. Establish and maintain effective data monitoring systems to enable analysis and identify trends, with presentation and interpretation of results to enable effective decision making.
3. Take a leading role for the Trust in the resolution of all technical issues on the application of NHSPS that may be encountered within Finance, Contracting or elsewhere in the Trust.
4. Manage the production of Contracts at HRG (Healthcare Resource Group) and ICB (Integrated Care Board) level to be consistent with the NHSPS.
About us
WAYS OF WORKING AND BEHAVIOURSThe job holder will display the agreed behaviours of theDirectorate and the Trust as encapsulated by the performance management and personal development documentation, and in particular, the Trust expects all staff to comply with all relevant policies and codes of conduct and to display the values of the Trust.
Job description
Job responsibilities
Main tasks and Responsibilities
1. Manage the monthly closedown process to ensure that the General Ledger position accurately reflects performance against income contracts and that there is a reconciliation of all income reports.
2. Be the Income finance lead for the Trust and expert for NHSPS (NHS Payment System) dealing with all requirements associated with reporting and submissions. Establish and maintain effective data monitoring systems to enable analysis and identify trends, with presentation and interpretation of results to enable effective decision making.
3. Take a leading role for the Trust in the resolution of all technical issues on the application of NHSPS that may be encountered within Finance, Contracting or elsewhere in the Trust.
4. Manage the production of Contracts at HRG (Healthcare Resource Group) and ICB (Integrated Care Board) level to be consistent with the NHSPS.
5. Oversee production of take responsibility for the monitoring reports required under the NHSPS via use of the Civica SLAM system, and to identify and secure all additional activity related income due to the Trust.
6. Lead on the formulation and production of the financial support required for the annual contracting process and contribute to the forecast and submissions to NHSE for the year ahead, via completion of all income elements in respect of the FPR & IPR.
7. Complete the monthly PFR reports for NHSE in respect of all income elements.
8. Produce all necessary income reports on a monthly, annual and ad hoc basis (including use of the Civica SLAM system) working closely with Care Groups, Informatics & Contracting to reflect activity & demonstrate evaluated performance of Contracts.
9. Conduct analysis of reports and make recommendations to internal and external stakeholders on appropriate courses of action, options and risks. Interpret multi-factorial complex data and apply judgement on results.
10. Work closely with colleagues in Contracting to ensure annual plans for income are robust and up to date. Ensure plans are formulated and delivered to suit Trust requirements. Develop/utilise models for Income planning and forecasting.
11. Assist in securing income from ICBs and other providers, including LVAs (Low Value Activity), minor contracts & trust recharges, non-recurrent variations and new in-year recurrent funding. Participate in payment negotiations to resolve disputes and ensure prompt settlement, demonstrating tenacity and the ability to persuade others who hold strong opinions on a different point of view.
12. Support the Chief Finance Officer and Director/Deputy Director of Finance in negotiations of ICB agreements through day to day management of financial issues arising. Engage in such dialogue as necessary to establish effective working relationships and resolve disputes.
13. Contribute to the production of Care Group & Trust income budgets based on agreed contracts, incorporating agreements and outcomes of costing and commissioning processes.
14. Assist the Contracts team an managing the monitoring and reporting of all income contracts and associated budgets, ensure their awareness of the financial consequences of agreements and any service changes. Do this by validating all inpatient and outpatient variances that will have a direct financial impact on the Trust, then interpreting complex variables to ensure clarity of understanding, ultimately guiding parties toward optimum course of action.
15. Take responsibility for ensuring the Trust Information systems support the monitoring requirements of NHSPS.
16. Manage the development of Trustwide systems and processes pertinent to Income invoicing, accounting and monitoring and ensure Lean ways of working are documented and implemented.
17. Act as an authorised signatory for Trust payments including BACS and other electronic payments, cheques, additional cash drawdown from national allocations and transfers between Trust bank accounts.
18. Develop and implement frequent audits of current and new processes relating to all areas of responsibility. Ensure probity and enhanced efficiency resulting in client satisfaction. Develop new methods to conduct rigorous analysis of results.
Staff Management and Development
1. To manage the income team in delivering its objectives in line with Trust objectives, motivating and developing staff. In particular to ensure that the appropriate support and development opportunities are given to staff to achieve the necessary process changes and improvements, including but not limited to appraisals and PDPs, encouraging staff to undertake development and training opportunities.
2. Engender an environment where all staff are constantly seeking to make service improvements, developing talent to maximise capability and expertise.
Person Specification
Education / Qualifications & Training
Essential
- Postgraduate CCAB Accountancy Qualification (CIMA, ACCA, CIPFA or ICAEW)
- Management Training
Desirable
- Master level degree or equivalent knowledge and skills gained through any combination of alternative study, employment or continuing professional development.
Experience
Essential
- Extensive relevant accounting experience
- Understanding of commissioning & costing processes including Payment by Results and business cycle
- Expert knowledge of specialist NHS Commissioning
Desirable
- oNHS Experience
Employer details
Employer name
Royal Berkshire NHS Foundation Trust
Address
Main site Royal Berkshire Hospital - Princess House
Reading
RG1 5UZ
Any attachments will be accessible after you click to apply.
193-6364456CORHead
You need to sign in or create an account to save a job.
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