At a Glance
- Tasks: Join our finance team to provide expert financial services and support budget management.
- Company: Dynamic healthcare organisation focused on modernising financial systems.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: 6-month fixed-term contract with opportunities for growth.
- Why this job: Make a real impact in financial planning and analysis while working with a friendly team.
- Qualifications: Experience in finance and strong analytical skills required.
The predicted salary is between 46000 - 52000 € per year.
This is an exciting time to join the finance team, as we have recently implemented a new finance system to modernise and move towards best in class. This is especially true in the areas of business partnering where we want to provide a high-quality financial service to our operational colleagues. The successful candidate will be joining our friendly Financial Management team and will be accountable to the Head of Financial Management.
The post-holder will work closely with their Finance Business Partner in delivering a world class finance service to their division including timely and accurate delivery of financial performance, insightful variance analysis, forecasting and PQP analysis. The role will also be involved in the annual budget setting process, provide ongoing support and direction for their budget holders including detailed transactional analysis. They will also be involved in ad-hoc projects and reports including (but not limited to) service developments and business cases, financial advice and longer-term financial planning. This is a 6 month fixed term contract.
Main duties of the job:
- Assist the Finance Business Partners in the provision of an expert and complete professional financial service to their divisions and specialities.
- Provide expert financial advice, guidance and training on budgetary management and budget setting to Budget Holders within the allocated Division.
- Provide monthly budget statements and financial reports analysing variances and trends in accordance with the Trust reporting timetables.
- Deputise for the Finance Business Partner (FBP) in their absence including attendance at divisional/specialty Boards and presentation of relevant Finance Reports.
- Be responsible for the preparation of robust forecasts and consolidated financial monthly performance reports analysing trends and variances for presentation at relevant specialty Finance meetings.
- Be responsible for managing the production of budget reports from the ledger, investigation of variances from plan and ensuring that action on changes required is taken and maintaining adherence to the Trust monthly reporting timetable.
- Ensure that a customer focused service is delivered to each area, maintaining the highest possible levels of customer support.
- Ensure that rigorous financial control is implemented and controlled across the Specialty for both expenditure and WTE’s.
- Be fully involved in the development of costing and pricing models as the Trust moves into a demanding environment together with support for the realisation of benefits and clinical efficiencies from new capital projects and other areas.
- Be responsible for ensuring that all specialty SLAs are signed off in accordance with Trust policy and that all recharges both inward and outward are robustly managed.
- Be responsible for the setting of the specialty Budgets in consultation with the FBP and Budget Holders.
- Be fully involved in financial planning including the identifying cost pressures and opportunities to reallocate budgets alongside the specialty General Managers.
- Ensure that income opportunities are maximised.
- Develop, with the specialty clinical and operational managers, Patient, Quality and Productivity (PQP) initiatives and be responsible for monitoring performance and delivery against these programmes.
- Provide expert and specialist knowledge and be responsible for the continued implementation and development of the Trust Payment by Results (PbR) and Agenda for Change (AfC) policies and any other DOH initiatives.
- Assist with the development and implementation of Service Line Reporting (SLR) and Patient Level Costing (PLiCs) within the division.
- Be responsible for ensuring that the Specialty are educated and informed as to the potential income consequences of activity plans and that outcomes are communicated as appropriate.
Detailed job description and main responsibilities:
- Assist the Finance Business Partners in the provision of a complete professional financial service to each division, including preparation of consolidated financial monthly performance reports, forecasts, analysing trends and variances in accordance with the Trust monthly financial timetable.
- Be responsible for the maintenance of strong financial controls in the allocated Specialty in line with Trust SFI for both expenditure and WTE.
- Provide training and guidance to Budget Holders in budgetary management and the maintenance of the Trust Budget Management Policy and SFI and SO compliance.
- Advise on best practice for procurement to ensure efficiency.
- Include responsibility for the specialty budget management training.
- Ensure that all specialty income sources are identified and income agreements for SLA’s salary recharges etc are signed off in accordance with Trust policy and timetables.
- Support the Finance Business Partners in applying the costing and pricing system to SLA’s, financial appraisal and business planning and be responsible for the maintenance and continuous improvement of the specialty costing and pricing systems.
- Be responsible for the development and implementation of Service Line Reporting (SLR) within the Specialty, in consultation with the Finance Business Partners and the Trust’s Income.
Senior Finance Analyst in Essex employer: Princess Alexandra Hospital
Join our dynamic finance team as a Senior Finance Analyst, where you'll play a pivotal role in delivering high-quality financial services within a supportive and collaborative environment. We prioritise employee growth through ongoing training and development opportunities, ensuring you can thrive in your career while contributing to meaningful projects that enhance our operational efficiency. Located in a vibrant area, we offer a culture that values teamwork, innovation, and a commitment to excellence, making us an exceptional employer for those seeking a rewarding and impactful career.
Contact Detail:
Princess Alexandra Hospital Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Finance Analyst in Essex
✨Tip Number 1
Network like a pro! Reach out to current employees in the finance team or similar roles on LinkedIn. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your financial analysis skills. Be ready to discuss how you've tackled variance analysis or budget management in the past. Show them you're the expert they need!
✨Tip Number 3
Don’t forget to showcase your soft skills! Being a great communicator and team player is key in finance. Share examples of how you've collaborated with others to achieve financial goals.
✨Tip Number 4
Apply through our website for a smoother process! It shows you're genuinely interested and gives us a chance to see your application in the best light. Plus, we love seeing candidates who take that extra step!
We think you need these skills to ace Senior Finance Analyst in Essex
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Finance Analyst role. Highlight relevant experience and skills that match the job description, especially in financial reporting and budget management. We want to see how you can bring value to our finance team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific projects or experiences that relate to the duties listed in the job description. Let us know how you can contribute to our friendly Financial Management team.
Showcase Your Analytical Skills:Since the role involves variance analysis and forecasting, make sure to showcase your analytical skills in your application. Provide examples of how you've successfully analysed financial data in the past. We love seeing candidates who can think critically and provide insights!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining StudySmarter. We can't wait to see what you bring to the table!
How to prepare for a job interview at Princess Alexandra Hospital
✨Know Your Numbers
As a Senior Finance Analyst, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've used them in past roles. Prepare examples of variance analysis or forecasting you've done, as this will show your practical experience.
✨Understand the Business
Familiarise yourself with the company’s operations and how finance supports them. Research their recent projects or changes, like the new finance system mentioned in the job description. This will help you speak confidently about how you can contribute to their goals.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills. Think of scenarios where you've had to provide financial advice or manage budgets under pressure. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Showcase Your Communication Skills
Since the role involves working closely with budget holders and presenting reports, practice explaining complex financial concepts in simple terms. Be ready to discuss how you've trained others or communicated financial information effectively in the past.
