Senior Finance Analyst

King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1.8 billion, 1.5 million patient contacts a year and more than 15,000 staff based across 5 main sites in South East London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King's College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in the London Borough of Bromley.

We encourage all our staff to have a healthy work/life balance. In doing so, you can apply for flexible working from the beginning of your employment. We offer a range of options which are designed to suit different circumstances and priorities in line with service requirements.

The Finance Analyst role is responsible for generating and producing monthly budget statements and financial reports, in accordance with the Trust agreed timetables and departmental policies and procedures under the line management of a Senior Business Support Analyst. Alongside this, the post holder will be responsible for investigating variances from plan by interrogating the Trust's financial systems and to summarise and report on these in monthly performance narratives. In addition, the Business Support Analyst will provide timely resource management information to the Budget Holders with which the role is linked and to assist in the provision of comprehensive financial management information and advice to a range of areas within the Trust.

The role will include meeting budget holders to support the Finance Business Partners and Senior Support Analysts in the budgeting, forecasting and business planning process. The role requires good communication skills particularly in explaining finance to non-finance staff. In providing specialist financial expertise and leadership to the business there is an almost constant requirement for the post holder to exercise intense concentration and sustained mental effort in order to analyse, understand, retain and convey information. There is a frequent need for the post holder to prioritise and re-prioritise workloads according to the demands of stakeholders and to meet financial deadlines.

Main duties of the job

• Be a role model in how to provide a customer focused, high quality service to managers, directors, clinicians and finance business partners.
• Work with colleagues in Contracting, Income, Costing and information/performance management to ensure the Trust has coherent integrated information, analysis and plans.
• Support the implementation of actions in response to recommendations from Internal Audit for the enhancement of internal controls and procedures in own areas of responsibility.
• Ensure strong relationships and regular communications with all Trust finance managers to ensure they are informed of any data quality issues relating to the financial position of the Trust, new national guidance and policy issues, etc and to provide them with clear guidance as appropriate.

Financial Reporting, Budget Setting and Forecasting

• Produce annual income and expenditure base budget schedules for each subdivision/department assigned, including providing prompt and professional advice to Budget Holders for service developments, cost pressures & cost improvement programmes.
• Produce comprehensive, robust, accurate and timely monthly financial reports for each assigned directorate/department, covering: Income and Expenditure, Variance Analysis, Forecasts, Integration of non-financial (manpower and activity) information, Narrative and audit trail reports.

King's College Hospital NHS Foundation Trust is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible.

Detailed job description and main responsibilities

• Accurately prepare any specific internal & external recharges, accruals and amendment journals for processing by the Financial Management Finance Analysts.
• Maintain and contribute to the development of detailed standard operating procedure notes in relation to the month end duties you undertake.
• Provide training and advice to budget holders and other finance colleagues regarding financial management issues arising out of variance and other ad hoc analysis.
• Implement audit recommendations as required and ensure sound system of internal control is maintained.
• Understand the Trust's standing financial instructions, procurement policies, audit recommendations and any other centrally issued guidance relating to financial control and bring possible breaches of these policies to the attention of the Senior Finance Manager.
• Provide assistance as necessary to line managers and divisional managers with respect to calculations that underpin the formulation of cost improvement programmes and financial schedules incorporated within business cases.
• Attend directorate meetings and provide an explanation of financial performance with or without the support of the Senior Business Support Analyst.
• Working with Senior Finance Analysts, Senior Finance Manager and Financial Business Partners to ensure the delivery of accurate and timely reporting of financial information to appropriate levels of management.
• Cover other Business Support Analyst roles when required.

Person specification

Qualifications

• Part qualified CCAB or CIMA with experience.
• Full accreditation within 12 months of being in post.
• Evidence of CPD.

Experience

• Experience of working in an NHS accounting department including experience in a management accounting role.
• Experience of using General ledger and financial reporting software packages.
• Preparing business cases and cost improvement initiatives.

Skills

• Accounting skills including being able to identify, articulate and evaluate key risks and assumptions in reaching conclusions.
• Microsoft Office skills including advanced Excel.
• Understanding of good financial governance.

IMPORTANT: Check your email account regularly as this is how we will communicate with you. If you delete the job from any of your accounts, you may be prevented from accessing further communications. To enquire about your application or inform us of any changes in your circumstances, please contact the named person on this advert. Please provide email addresses for referees where possible. All staff have a responsibility for safeguarding children and vulnerable adults and for ensuring they are aware of the specific duties relating to their role. Please note that the closing date is given as a guide. On occasion, we might close a vacancy early due to a high number of applications being received. You are advised to submit your application as early as possible to avoid disappointment.