Finance Manager

Location
West Yorkshire
Salary
£200-£220/day
Posted
05 Apr 2018
Closes
05 May 2018
Ref
ST907740
Sector
Health
Hours
Full Time

Sellick Partnership are recruiting on behalf of an NHS organisation in the West Yorkshire region. You will be providing support to the Deputy Director of Finance, the Clinical Director for Research, the General Manager for Research, and all research budget holders in ensuring the financial management of research activity within the Trust is managed effectively.

The post-holder has a lead role in the delivery of the financial agenda within the Research Directorate and will fully participate in the delivery of their objectives as well as those of the Finance Department.

This is a senior role, where autonomy is given to interpret policies, guidance, and accounting standards, to support and guide Clinicians and Managers at all levels of the Organisation, with financial control, effective utilisation of resources, good financial management practice and service planning.

The post-holder will provide specialist technical accounting and business knowledge associated with undertaking research activities within the NHS, Universities and Industry. They will also have strong analytical skills and be able to effectively communicate complex financial issues to financial and non-financial people both internal and external to the organization.

Day to day duties include:

  • Act as the finance lead specialist within the Research Directorates Senior Management Team. Support the Directorate’s Clinical Research Director and all associated budget holders/grant holders. 
  • On a day-to-day basis this will include providing information and advice relating to the financial and non-financial performance management of the Directorate. For example; on budgets & budgetary control, budget reports, income and expenditure analysis and Key Performance Indicators (KPIs). 
  • Undertake a key role in approving research budget holders with detailed costing information for all grant applications, clinical research network funding applications, fellowship applications and so on.
  • Ensure that BI generated finance reports are backed up with off-line project management reports per budget holder and per grant/clinical trial. Ensure that these reports are followed up and fully explained through regular meetings with key players within the research teams, ensuring that the financial position and financial future is fully understood by staff that do not consider finance to be one of their strong points.
  • Preparation of a comprehensive monthly performance report encompassing financial and non-financial aspects of the Directorates budgets under review in accordance with the agreed timetable.
  • Development and implementation of effective financial controls and procedures within the Directorate and the Finance Department to minimise the Trust’s exposure to financial risk, and contribute to the broader Risk Management Strategy.

Performance Management / Budgetary Control

  • Act as the finance lead specialist within the Research Directorates Senior Management Team. Support the Directorate’s Clinical Research Director and all associated budget holders/grant holders. 
  • On a day-to-day basis this will include providing information and advice relating to the financial and non-financial performance management of the Directorate. For example; on budgets & budgetary control, budget reports, income and expenditure analysis and Key Performance Indicators (KPIs). 
  • Undertake a key role in approving research budget holders with detailed costing information for all grant applications, clinical research network funding applications, fellowship applications and so on.
  • Undertake a pivotal role in providing detailed costing information as well as sense checking the funding arrangements that sit alongside commercial research trials activity.
  • Actively contribute to the achievement of the Research Directorates targets and objectives, for example, achieving a balanced financial position, grant applications fully costed and submitted on time, research returns completed and submitted on time.  This will involve jointly proposing and agreeing appropriate courses of management action with research budget holders to address budget variations on income and expenditure and KPIs through solutions such as service changes, activity initiatives and income growth.
  • Assimilation, interpretation and presentation of complex financial and non-financial information including performance indicators to multi-disciplinary teams of research and non-research staff from within and increasingly outside the organisation. 
  • Ensure that all necessary returns are completed in a timely manner and agreed as accurate with the principle researchers. Such returns to should be brought to the attention of very senior managers within the Research Directorate and the Finance Department when significant variances occur. Such examples of returns include the monthly YHCLRN report, Annual NIHR programme grant ASTOX returns and charitable grants annual reports.
  • Financial lead supporting the Group(s)’ Managers and Clinicians in the planning and implementation of research activity, giving advice on highly complex financial issues. This will include the ability to critically appraise the relative cost effectiveness of the services provided through the use of all other research financial management information available, both internally and externally.

The following qualities are essential for this Senior Finance Manager role:

  • Knowledge of many disciplines (i.e. personnel, commissioning, provider services, audit), expert knowledge and experience within the Directorates Senior Management Team of financial accounting and management systems and expertise in financial performance management.
  • Knowledge and understanding of the complexity of the services provided by the Directorate and ability to demonstrate strong working relationships with all members of the Directorates’ Senior Management Team to ensure effective financial support, advice and financial control are achieved.
  • Use skills daily to analyse, make judgements and decisions on highly complex, sensitive and contentious matters based on affordability of service delivery, patient care and organisational issues.  Information is complicated, made up of several components and may be conflicting.
  • Interpreting complex government and NHS Financial guidance.

Business Planning / Service redevelopment

  • Work with other Departments, Functions and Directors in the support of the strategic planning of service development and delivery. Have direct input and critically assess, financially and within the strategic context, any proposed changes to the services offered by the Trust.
  • Presenting, debating and working as part of a Multidisciplinary Team developing multi-faceted business cases affecting different areas of the Trust, understanding and ensuring robustness around capacity, funding and costs.  Frequently performs complex evaluations where no current guidance exists including the assessment of the long-term strategies for the implementation over a number of years.
  • Proactively involved in and responsible for the financial aspects of the business planning and implementation process as well as monitoring against expected financial performance and project delivery.  Specific planning meetings and/or regular business meetings are held to ensure that the relevant asset utilisation, financial and capacity issues are appropriately reflected both in any plans produced and considered when evaluating progress to date and their contribution to the achievement of corporate goals.  

Budget Setting

In conjunction with the General Manager and Research Budget  Holders, lead in the production of the annual budget setting process and identification and implementation of Cost Improvement Programmes for the Directorate. This process, which takes a number of months to finalise, includes the following activities: -

  • Formulation, in conjunction with Deputy Finance Director, the budget setting methodology within Finance and communication of this to all Research Budget Holders/General Manager.
  • Identification of any potential shortfall or surplus against the known resource allocation and subsequent support and advice on the development of alternative strategies.
  • Effective persuasion and negotiation skills.
  • Regular presentation to the Deputy Finance Director on budget setting progress with particular emphasis on addressing budgetary shortfalls.

It is essential that you have relevant experience within Research and Development from either a University, or from the NHS. You need prior management accounting experience, forecasting and reporting, coupled with the understanding of the financial implications of the R&D agenda and the ability to interpret national strategy in relation to local needs and to the communicate that to a broad audience.

If you believe you have the necessary skills and experience for the Finance Manager please apply now, or contact Stephanie Tasker at Sellick Partnership. 

Sellick Partnership is a market-leading professional services recruitment specialist operating across the UK. Over the years we have built up an enviable relationship with employers and our expert team of consultants boast up-to-date market knowledge and a strong reputation making Sellick Partnership best placed to help you.

Sellick Partnership is proud to be an equal opportunities employer. Please note our advertisements use years' experience and salary levels purely as a guide. We are happy to consider applications from all candidates who are able to demonstrate the skills necessary to fulfil the role. For information on how your personal details may be used by Sellick Partnership, please review our data processing notice which can be found in the footer on our website.

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