At a Glance
- Tasks: Create financial plans and provide expert advice to senior management.
- Company: Join a leading NHS Trust focused on financial excellence.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career growth and team leadership in a dynamic setting.
- Why this job: Make a real impact on healthcare finance and drive positive change.
- Qualifications: Experience in financial analysis and strong communication skills required.
The predicted salary is between 46300 - 52800 € per year.
Main Duties and Responsibilities
Planning and Development
- Produce financial plans for the division that meet the Trust’s financial objectives.
- Develop, implement and monitor the financial components of the Division’s Annual Plan, ensuring efficient systems allow income and expenditure projections up to 3 years.
- Provide expert advice on the Division’s Income and Activity position to the Senior Divisional Team.
- Lead the development of divisional CIP schemes, review plans, challenge assumptions, assess risk and ensure information is robust and accurate.
- Lead investment appraisal and complex financial analysis of divisional development proposals and business cases, working closely with the capital team to factor capital costs into revenue business cases and vice versa.
- Present highly complex financial information to Executive Directors, Divisional Managers, Clinical Directors and other senior managers.
- Interpret contracting rules, especially for non‑PbR and specialist NHS England commissioning.
- Analyse and identify the consequences and risks of short‑ and long‑term impacts of local service changes and national financial decisions.
- Undertake strategic analysis comparing income, costs and financial risk for options and outline recommendations.
Performance Monitoring
- Provide high‑quality, accurate, timely financial management information focused on trends, risks and opportunities, including forensic analysis and investigation.
- Lead discussions on the division’s financial performance, challenging divisional management and senior clinicians on financial matters.
- Interpret accounting guidance and DH directives to assess impact and recommend actions maximizing income and minimizing costs.
- Support the Division regarding Capital Expenditure and service line profitability.
- Lead the production of financial information, providing efficient systems to explain current and forecasted performance and satisfy external requirements.
- Oversee an effective budgetary control system for managing expenditure such as temporary staffing and provide budget holders with reliable feedback.
- Lead the annual budget setting process and negotiate with Executive Directors/Divisional Managers to meet efficiency and savings targets.
- Develop strategies to maximise the Trust’s financial position through coordination of income, expenditure and business management.
People Management and Performance
- Lead, coach and manage the team’s performance, ensuring excellence and addressing underperformance.
- Participate in regular appraisal meetings, ensuring each member has clear objectives and development plans.
- Ensure the team meets statutory, mandatory, and professional training requirements.
- Manage team absences in line with Trust policy, ensuring e‑roster updates and productivity maintenance.
- Identify and fill vacancies in line with Trust recruitment processes.
- Identify talent, support internal talent management, attract, retain and succession‑plan for team members.
- Review skill mix to maximise resource utilisation and keep job descriptions updated.
- Maintain overall team wellbeing, morale, and a zero‑tolerance culture for bullying and harassment.
- Lead key financial management departmental roles.
Financial Management Department Responsibilities
- Be the lead for one of the key financial management departmental roles.
- Finance staff development lead.
- Income development lead.
- Finance System development lead.
- Budget development lead.
- R&D development lead.
- Reporting development lead.
- Responsible for interpreting national guidelines and setting guidance on how they apply to the Trust, ensuring correct policies and processes are implemented.
Professional Responsibilities
- Maintain the integrity of the Trust’s financial systems, procedures and reports, including designing and updating bespoke reports for divisional management.
- Maintain professional standards within the Financial Management team.
- Ensure standing financial instructions, standing orders and policies & procedures are adhered to.
- Implement audit recommendations and continually improve financial practices across the Trust.
- Undertake Continuing Professional Development (CPD) in line with relevant institute requirements.
General
- The post holder has a general duty of care for their own health, safety and wellbeing and that of colleagues, visitors and patients, including any specific risk‑management or clinical governance accountabilities associated with the post.
- Observe the rules, policies, procedures and standards of King's College Hospital NHS Foundation Trust together with all relevant statutory and professional obligations.
- Observe and maintain strict confidentiality of personal information relating to patients and staff.
- Be responsible, with management support, for personal development and to actively contribute to the development of colleagues.
- This job description is a guide to the general scope of duties and may change over time; it is subject to review in consultation with the post holder.
- All employees must hold an ‘nhs.net’ email.
Finance Business Partner in London employer: HFMA partnership
As a Finance Business Partner at King's College Hospital NHS Foundation Trust, you will thrive in a supportive and dynamic work environment that prioritises employee growth and development. The Trust fosters a culture of collaboration and excellence, offering comprehensive training opportunities and a commitment to staff wellbeing, ensuring you can make a meaningful impact on the financial health of the organisation while advancing your career in the healthcare sector.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Business Partner in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who work in similar roles. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by practising common questions related to financial analysis and management. We recommend role-playing with a friend or using online resources to get comfortable presenting complex financial information.
✨Tip Number 3
Showcase your expertise! Bring along examples of your previous work, like financial plans or reports, to demonstrate your skills during interviews. This will help you stand out as a candidate who can deliver results.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Finance Business Partner in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in financial planning and analysis. We want to see how your skills align with the specific duties mentioned in the job description, so don’t hold back!
Showcase Your Achievements:When detailing your previous roles, focus on quantifiable achievements. Did you lead a successful budget process or improve financial reporting? We love numbers, so let’s see those stats that demonstrate your impact!
Be Clear and Concise:Keep your application straightforward and to the point. Use clear language and avoid jargon unless it’s relevant. We appreciate clarity, especially when it comes to complex financial information!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at HFMA partnership
✨Know Your Numbers
Before the interview, brush up on key financial metrics and trends relevant to the role. Be prepared to discuss how you would approach financial planning and analysis for the division, showcasing your understanding of income and expenditure projections.
✨Master the Art of Presentation
Since you'll be presenting complex financial information to senior management, practice explaining intricate concepts in a clear and concise manner. Use examples from your past experience to demonstrate your ability to communicate effectively with non-financial stakeholders.
✨Be Ready to Challenge Assumptions
During the interview, expect questions that test your analytical skills. Prepare to discuss how you would lead discussions on financial performance and challenge divisional management on their assumptions. Show them you can think critically and provide robust recommendations.
✨Showcase Your Leadership Skills
As a Finance Business Partner, you'll need to lead and manage a team. Be ready to share examples of how you've coached and developed team members in the past. Highlight your approach to maintaining morale and addressing underperformance to demonstrate your people management capabilities.
