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For Companies At a Glance
- Tasks: Support managers in delivering financial strategies and ensure high-quality financial management.
- Company: Join the Royal Free NHS Foundation Trust, serving millions with a commitment to excellence.
- Benefits: Gain valuable experience in a dynamic healthcare environment with opportunities for professional growth.
- Why this job: Make a real impact on healthcare finance while developing your analytical and leadership skills.
- Qualifications: Post-qualification experience in financial management and strong leadership abilities required.
- Other info: Be part of a team that values innovation and quality in patient care.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Our trust has over 17,000 staff serving 2 million patients each year and includes Barnet Hospital, Chase Farm Hospital, the Royal Free Hospital, North Middlesex University Hospital and more than 30 community services. The organisation is committed to delivering world‑class care, teaching and research while meeting its five governing objectives: excellent outcomes, patient and staff experience, value for taxpayers, safety, and organisational strength.
At Royal Free NHS Foundation Trust, we are recruiting a Finance Business Partner to join our staff bank. You will quickly develop an understanding of the healthcare business, provide analytical support, and lead on quality decision‑making to help service lines achieve their financial strategy and key goals.
Responsibilities
- Support operational and non‑operational managers of specified service lines in delivering financial strategy and key goals through high‑quality financial management, control and planning.
- Assist in developing FIP/savings plans, monitor delivery, and maintain monitoring systems.
- Prepare and review business cases, ensuring all costs, income, and benefits are fully understood; conduct post‑implementation reviews to assess benefits delivery and variance.
- Provide financial and economic analysis for business cases, external service agreements, and strategic projects.
- Analyse patient activity and other KPIs against financial performance to anticipate trends, identify weaknesses, and advise on implications for corporate support services.
- Lead the annual budgetary cycle for specified service lines, challenge assumptions, and assess risk/mitigation with budget holders.
- Coordinate, review, and ensure timely, accurate monthly financial reporting for service lines.
- Oversee day‑to‑day administration of the budgetary control system, ensuring accurate data and compliance with Standing Financial Instructions.
- Support commercial propositions at the divisional level and manage key contracts; maintain adherence to Trust financial control procedures.
- Indirectly lead a finance team, assist in recruitment, development, and appraisal.
- Provide formal financial training to budget holders and clinicians, ensuring adequate financial literacy within service lines.
Person Specification
Essential criteria
- Post‑qualification analytical financial management experience.
- Successful experience managing teams, including leadership of management accounting teams.
- Experience with budget setting in large, complex organisations.
- Experience producing financial monitoring reports for senior management in large organisations.
- Knowledge and experience of financial systems.
- Professional qualification in accountancy (CIMA, ACA, CIPFA, ACCA).
- Leadership qualities and influencing skills; strong analytical, communication and organisational abilities.
Bank Finance Business Partner Band 8B (Admin Clerical) employer: Health Jobs UK
Contact Detail:
Health Jobs UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Bank Finance Business Partner Band 8B (Admin Clerical)
✨Tip Number 1
Network like a pro! Reach out to current or former employees at the Royal Free NHS Foundation Trust on LinkedIn. A friendly chat can give us insider info and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your financial management skills. Be ready to discuss how you’ve tackled budget setting and financial reporting in previous roles. We want to see that you can bring your A-game!
✨Tip Number 3
Showcase your analytical prowess! During interviews, share specific examples of how you've used data to drive decisions. We love candidates who can turn numbers into actionable insights.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team!
We think you need these skills to ace Bank Finance Business Partner Band 8B (Admin Clerical)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Finance Business Partner. Highlight your analytical skills and experience in financial management, especially in healthcare settings. We want to see how your background aligns with our goals!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about working with us at Royal Free NHS Foundation Trust. Share specific examples of how you've contributed to financial strategies in previous roles.
Showcase Your Team Leadership Skills: Since this role involves leading a finance team, make sure to highlight your leadership experience. Talk about how you've managed teams, supported their development, and ensured effective financial reporting in your past positions.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It’s the best way to ensure your application gets into the right hands and shows your enthusiasm for joining our team!
How to prepare for a job interview at Health Jobs UK
✨Know Your Numbers
Make sure you brush up on your financial management skills and be ready to discuss specific examples from your past experience. Understand key financial metrics and how they relate to the healthcare sector, as this will show your analytical prowess and relevance to the role.
✨Understand the Organisation
Familiarise yourself with the Royal Free NHS Foundation Trust and its objectives. Knowing their commitment to excellent outcomes and patient experience will help you align your answers with their values during the interview.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving abilities. Think of situations where you've had to analyse financial data or lead a team through budget challenges, and be ready to explain your thought process and outcomes.
✨Showcase Your Leadership Skills
As this role involves leading a finance team, be prepared to discuss your leadership style and experiences. Highlight any instances where you've successfully managed teams or influenced decision-making, as this will demonstrate your capability to take charge in a complex environment.
