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Senior Finance Business Partner

Posting date:	06 February 2025
Salary:	£53,755.00 to £60,504.00 per year
Additional salary information:	£53755.00 - £60504.00 a year
Hours:	Full time
Closing date:	20 February 2025
Location:	Bulwell, NG6 8WR
Company:	NHS Jobs
Job type:	Permanent
Job reference:	B9826-PRCH-6229

Summary

The role will report into the Deputy Director of Finance and take on significant responsibility for delivering financial sustainability and helping to shape the financial future of Nottingham CityCare. The Senior Finance Business Partner will act as the strategic financial lead for a number of the services providing high quality financial information, support and advice. The post holder will oversee the production of monthly management accounts and other standard finance reports and dashboards to inform management decision making. As an integral member of the service leadership team the post holder will be expected to work closely with Directors, Assistant Directors Managers, Heads of Service and clinicians across the organisation and will be committed to constantly seeking ways to improve the processes that they oversee. As a member of the Senior Finance Team the role will also actively contribute to the ongoing development of the Finance Function and delivery of the directorate. Key Responsibilities Leadership 1. As a member of the senior finance team the post holder will be a role model for the team in how to provider a customer focused, high-quality service to managers / clinicians / directors across the organisation. 2. For the specific services, lead and be the organisations expert in all aspects of financial management ensuring adherence to current accounting standards and policies implementing changes to these policies / standards as necessary. 3. Taking a strategic view working with colleagues in contracting, income, costing and the performance team to ensure the organisation has coherent information, analysis and plans that inform resource utilisation and decision making. 4. To support the senior finance team with development and implementation of the organisations annual and long-term financial plans to ensure these are aligned with the wider Organisation and ICS plans. 5. To develop expertise and contribute to the development of financial/business skills within the broader finance team and managers/clinicians across the Organisation. 6. To identify opportunities for information or quality improvements within the wider Financial Management team to ensure every opportunity is taken to develop and enhance the provision of an expert Financial Management service to the organisation Financial Performance 7. To provide high quality, timely, accurate and appropriate analytical and interpretive financial management information to divisional teams, business units, budget holders, the senior management team and other senior staff throughout the Trust. 8. To provide a financial management reporting service with a focus on identifying trends, risks and opportunities, communicating these to senior finance staff, services and to the senior management team in such a way that its use informs management decision making. Further, to ensure leadership at a service level to understand fully all aspects of finance including income and expenditure reporting, patient level costing, activity currencies, contracting arrangements. 9. To provide the Deputy Director of Finance Financial Management with the information necessary to enable monthly corporate financial reporting. This will include a clear explanation of the drivers behind variances, movements in the run rate and an articulation of the underlying financial position. 10. To attend key meetings to lead discussions on financial performance of services and corporate areas 11. To develop robust forecasting systems and models, in association with the wider finance teams, divisions, information services and wider corporate functions. To ensure these systems are monitored for accuracy and assumptions are challenged with appropriate individuals to ensure that information presented is robust, accurate, and deliverable and owned by relevant individuals. To complete the forecast in a professional manner with budget holders to ensure effective early warning of potential future problems which enable financial risk to be effectively managed. 12. To support Finance staff, managers and clinicians in understanding their income position, and in the identification and implementation of income maximisation opportunities. Further, to ensure the organisations interests are served in the provision and receipt of services from partner organisations (e.g. Universities, ICB, Health Education England) and the commercial sector. 13. To lead the annual budget setting exercise for the relevant services and areas, identifying spending trends, cost pressures and CIPs and advising on delivery of services in the most economic and effective manner. Ensuring that all plans are in accordance with the organisations strategic direction. 14. To maintain the integrity of the general ledger data allowing the organisation to provide a single version of the truth across all customers of the internal and external financial reporting Efficiency, Costing and Strategic Developments 15. To support the department in the development of service and corporate CIP and transformation schemes to promote productivity and efficiency of resources. To review schemes for the services within their portfolio, challenging assumptions and assessing risk to ensure scheme information is robust, accurate and deliverable and owned by relevant individuals. 16. To work alongside the Transformation team as required to support the development and subsequent ongoing monitoring of the schemes to understand and quantify the impact on resource utilisation and wider performance (e.g. activity, finance, and workforce). 17. To work alongside the Costing Team to utilise service line reporting and patient level cost information within the portfolio of units. To support managers and clinicians in understanding the detail behind this information, in identifying opportunities and in using this information to influence decision making. 18. To work with the services and areas to benchmark their services from financial and non-financial perspectives and to develop reporting mechanisms to monitor and assess relative performance using internal and external sources, for example using the Model Health System. 19. To support their Finance team and the wider department in the modelling of activity, income and expenditure in relation to complex business case developments and funding proposals, both internal and external to the Trust. To ensure that the impact of capital costs are fully factored into revenue business cases and vice versa. To challenge assumptions with relevant individuals and to be responsible for ensuring that financial modelling is robust, accurate and in line with overall Nottingham CityCare objectives, assessing risks and identifying risk mitigating actions as required. Wider Responsibilities 20. To support the wider finance department activities including but not limited to the monthly reporting cycle, production of the annual accounts and financial statements audit, internal audit reviews and patient level costing submission. 21. To lead on assigned Nottingham CityCare wide corporate and finance projects. This may involve working with colleagues across services, corporate teams and external partner organisations across the ICS and/or further afield. 22. To work with other clinical and corporate services to identify opportunities for improvement and enhancement within financial processes and to lead on the implementation of required changes. 23. To provide cover for the financial management team business partners in their absence, providing financial information and support as and when required. 24. To develop Finance staff within the team, providing leadership as well as contributing to annual appraisals and objective setting. To identify gaps in the knowledge of team members and work with colleagues to put in place training systems and processes to ensure these are closed so the entire team can operate as an effective unit, providing the highest level of support to this post and to its customers. 25. Providing leadership to the wider finance team and taking an active role in progressing the strategic vision for the department, progressing objectives such as Future Focused Finance accreditation. 26. The post holder may be expected to provide staff management within the Directorate to ensure effective delivery of a modern finance function. 27. The post holder will also be expected to complete any other duties commensurate with the grade and role. This list is not prescriptive and will be reviewed periodically. Professional Responsibilities 28. To maintain the integrity of the organisations financial systems, control environment, procedures and reports. 29. To maintain professional standards within the Financial Directorate. 30. To ensure that Standing Financial Instructions, Standing Orders, financial policies and procedures are adhered to. 31. To deputise for the Deputy Director of Finance as required. Any other duties as may be required by the Senior Finance Leadership Team and the Director of Finance and Corporate Services. 32. To undertake Continuing Professional Development (CPD) in line with the relevant institute requirements