At a Glance
- Tasks: Assist in financial management, budgeting, and performance reporting for healthcare divisions.
- Company: Join a leading healthcare organisation dedicated to improving patient care and operational efficiency.
- Benefits: Enjoy hybrid working, competitive pay, and the chance to make a real impact.
- Why this job: Be part of a dynamic team, develop your skills, and contribute to meaningful healthcare projects.
- Qualifications: Part qualified in finance with 5 years' experience in financial management required.
- Other info: Temporary role with potential for extension; start ASAP.
The Deputy Finance Manager will provide high-quality financial information, support, and advice to clinical, non-clinical, and operational leads in any division. Your responsibilities will include assisting Finance Business Partners delivering financial statements, annual budgets, and the development of financial strategies.
You will produce and present high-quality monthly management information and work alongside the Finance Business Partner to lead a division's financial performance management process, including accurate monthly forecasting of the service division's outturn. You will assist with developmental and transformation projects within the service divisions and contribute to the strategic and business planning processes.
As an effective communicator, you will further develop excellent working relationships with clinicians and managers. You will enjoy playing a highly visible role within the finance department and the service divisions that you support.
Location: West Suffolk (hybrid 3 days from the office)
Job Type: Temporary
Duration of booking: Expected to last 3 months with possible extension
Proposed start date: ASAP
Pay Rates: £30.53 per hour PAYE inclusive of holiday pay (via direct engagement)
Hours / Working Days: 37.5 hours per week / Monday to Friday, 7.5 hr between 8am – 6pm
Sector: Healthcare
Based: Office / Hospital
Skills and Experience:
- Part qualified (CCAB) or equivalent
- Minimum 5 years’ experience in Financial Management
- 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
- Evidence of assisting financial planning and delivery
- Excellent interpersonal skills
- Excellent IT skills, including data production and analysis
- 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 assists to plan and execute strategic change and influence organisational and individual behaviour
Job 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 Trust’s 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 Trust’s 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.
Deputy Finance Manager employer: Your World Recruitment Ltd
Contact Detail:
Your World Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Finance Manager
✨Tip Number 1
Familiarise yourself with the specific financial processes and regulations within the healthcare sector. Understanding the nuances of financial management in this environment will help you stand out as a candidate who is not only qualified but also knowledgeable about the context in which you'll be working.
✨Tip Number 2
Network with professionals already working in finance roles within healthcare. Engaging with them can provide insights into the challenges they face and the skills that are most valued, which can help you tailor your approach when discussing your experience and capabilities.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed budgets or improved financial processes in previous roles. Being able to articulate your past achievements will demonstrate your capability and readiness for the responsibilities of the Deputy Finance Manager position.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you would approach financial forecasting and performance management. Highlighting your strategic thinking and problem-solving abilities will resonate well with the hiring team, as these are crucial for the role.
We think you need these skills to ace Deputy Finance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial management, particularly any roles where you've assisted in budget management or financial forecasting. Use specific examples that demonstrate your analytical and presentation skills.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Deputy Finance Manager position and how your skills align with the job requirements. Mention your experience in supporting clinical and operational leads, as well as your ability to communicate effectively with various stakeholders.
Highlight Relevant Skills: Emphasise your part-qualified status (CCAB or equivalent) and your advanced computer skills, especially in modelling and reporting. Make sure to mention your experience in a complex financial environment and your ability to influence operational managers.
Showcase Your Achievements: Include specific achievements in your application that demonstrate your ability to improve efficiency and achieve cost improvement targets. Use metrics where possible to quantify your contributions and show how you can add value to the organisation.
How to prepare for a job interview at Your World Recruitment Ltd
✨Showcase Your Financial Acumen
Be prepared to discuss your experience in financial management, particularly in complex environments. Highlight specific examples where you've successfully managed budgets or improved financial processes.
✨Demonstrate Analytical Skills
Expect questions that assess your analytical abilities. Prepare to explain how you've used data to influence decision-making and improve financial performance in previous roles.
✨Communicate Effectively
As an effective communicator, you should be ready to demonstrate how you've built relationships with clinical and operational leads. Share examples of how your communication skills have helped in presenting financial information clearly.
✨Understand the Healthcare Sector
Familiarise yourself with the specific financial challenges faced in the healthcare sector. Be ready to discuss how your skills can help address these challenges and contribute to the organisation's strategic goals.