Job Description
JOB SUMMARY
Our trust has around 10,000 employees who serve 1.6 million patients. It includes Barnet Hospital, Chase Farm Hospital, and the Royal Free Hospital, as well as over 30 community services. This larger-scale organisation gives us an unprecedented chance to continue our pioneering work, particularly in identifying methods to provide even better care to our patients.
Our mission is to provide world-class care and expertise in our clinical services, supported by world-class teaching and research, and we will continue to track our progress against our five governing objectives: excellent outcomes, excellent patient and staff experience, excellent value for taxpayers’ money, safety and compliance with external duties, and building a strong organisation.
Everyone is welcome at the Royal Free London NHS Foundation Trust. We are proud of our diversity, and we continue to launch new projects to improve equality for LGBT+, BME, gender equality, staff carers, and persons with disabilities, as well as to encourage good relations and understanding among our employees.
Detailed job description and primary responsibilities
Main Duties and Responsibilities
Royal Free’s World Class Values
The position holder will provide World Class care to service users, personnel, colleagues, clients, and patients alike.
1. Responsibility for Policy and Service Development
The job holder will be in charge of preparing financial reports, ensuring that they are thorough and correct, and providing the information needed to advise the senior management team on the service line’s financial performance.
The position holder will be accountable for the accuracy of the financial data contained in the monthly budget reports and forecasts for specific service lines. They will be expected to analyse and analyse the data before disseminating it to other interested parties, as well as to provide clear, succinct, and insightful comments on the provided results.
They will be in charge of investigating more effective ways to deliver financial data to top management and clinicians. Strong Excel skills are required, as well as a working grasp of Word and PowerPoint.
The post holder will be expected to collaborate closely with specific service lines to ensure that they obtain suitable, sound financial advice that they can assess and use to make cost-effective decisions.
2. Responsibility for Financial and Physical Resources
The postholder will be asked to submit reports to budget holders. They will be expected to provide succinct, accurate, relevant, business-focused comments to users of financial information, as well as to ensure that the information is used to promote continuous improvements in operational performance within the Trust.
The position holder will be accountable for the accuracy of the financial data contained in the monthly Divisional budget reports. They will be expected to review the data before the Directorate Accountant distributes it to Directorate workers, as well as to analyse and report on the causes of substantial variations in forecasting.
The position holder will examine data linked to highly complex problems in order to provide guidance on financial decisions and risks where there is no precedent and other leading opinions may differ.
3. RESPONSIBILITY TO LEAD AND MANAGE
The post holder will be expected to manage their own time effectively, work to attain agreed-upon targets within broad professional policies, and serve as the lead specialist in specific financial areas.
The position holder will be expected to attend meetings and communicate effectively with senior management and clinicians, both verbally and in writing.
The post holder will be expected to give budget holders with professional financial training to ensure that they comprehend and interpret the financial information provided to them.
The role holder will advise senior non-financial managers on difficult financial and corporate challenges.
The postholder will be expected to attend directorate meetings.
4. Responsibility for Information Resources
The position holder will be expected to ensure that all ad hoc systems, particularly those based on Excel and Access, are well documented and suitable for purpose.
The job holder will be in charge of building and formatting spreadsheets and databases for specific analytical goals, as well as introducing, adapting, and upgrading financial systems for others to use.
For more information, please see the accompanying JD and PS.
Person Specification
Royal Free’s World Class Values
Essential criteria
- demonstrated ability to meet the Trust Values.
Experience
Essential criteria
- Post-qualification finance experience, major management accounting, or equivalent experience in a similar organisation.
Desirable requirements.
- Knowledge and awareness of the NHS’s financial climate.
- Experience managing and developing individuals.
- Education and Qualifications
Essential criteria
- Accountancy qualification (CCAB) (CIMA,ACA, CIPFA, ACCA) or extraordinary finalist with strong first-degree and professional examination scores.
Desirable requirements.
Degree
- First-time pass in professional examinations
- Attending an Accounting for Foundation Trusts course
Skills
Essential criteria
- Advanced analytical skills, including the ability to adequately articulate the outcomes of such analyses.
- Excellent communicator, both verbally and written.
- Ability to use systems (such as Excel, Access, and Microsoft Word) to create and present correct, clear information, as well as discover what can be produced from other financial systems.
- Ability to convey and explain financial facts in an understandable manner to non-finance management.
- Record of meeting tight deadlines.
- In previous roles, I demonstrated a track record of process improvement and reporting.
- Ability to manage staff.
Desirable requirements.
- Previous organisations have demonstrated a track record of improving processes and reporting.
- Strong persuasive skills.
- Ability to assess work areas to find those that could benefit from ongoing development.
- Ability to instruct and coach employees.
COVID-19 Vaccination
Getting vaccinated and receiving a booster remains the strongest defence against COVID-19.
We encourage and support employees to acquire the COVID-19 vaccine and a booster dose as soon as they are eligible.
AT*: Apprenticeship Training. Where AT* is put next to the job title, it denotes that this is an apprenticeship position.
By applying for this position, you agree that if you are successful, your personal information may be moved from the Trust to another NHS organisation if your employment moves within the NHS.This is consistent with the streamlining strategy, which aims to save you time and improve efficiencies within the NHS when your job transitions.As a result, we need that you finish your stat and Man e-learning programs before joining our business.
EU/EEA citizens without EU Settlement or Pre-Settled status require a visa to work in the UK.
Applicants from job seekers requiring sponsorship to work in the UK are welcome and will be reviewed alongside all other applicants. Before completing your application, please ensure that you are eligible under the UKVI points-based system.
If you are given a post with an NLPSS partner trust, your identification and permission to work papers will be checked remotely by TrustID, a recognised identity verification service provider. You will be prompted to take a photo of the appropriate documents as well as a “selfie” with your smartphone/tablet (if accessible) for facial recognition. TrustID will also undertake a digital address check using Trunarrative and Equifax, which is a soft check that has no impact on your credit score. For further information, go to www.trustid.co.uk
The Trust collects personal information through computerised new starter forms on Trac. The information collected is securely stored and utilised to create the employee record on the ESR HR system.
If the role involves regulated activities, the Trust will obtain a DBS check (CRB). The Trust complies with the Disclosure and Barring Service Code of Practice and the Rehabilitation of Offenders Act.
By applying for this role, you consent to the Royal Free London NHS Foundation Trust transmitting your information to their preferred applicant management system. If you are offered a job, your information will be sent to the national NHS Electronic Staff Records system.
To avoid scammers, we will only interact with you via @recruit.trac.jobs or nhs.net email addresses, and will never request payment.