Bank Finance Business Partner Band 8B | Royal Free London NHS Foundation Trust

At Royal Free NHS Foundation Trust, we are looking to recruit for the position of a Finance Business Partner to join our staff BANK. We have a fantastic variety of work underway at our hospitals which will both stretch you professionally and ensure you have a rewarding workplace experience. You will be expected to quickly develop an understanding of the business of healthcare provision, to support and lead on quality decision making through provision of excellent analytical support. Be part of a diverse, energetic and capable hospital group finance team, which is focused on supporting financial recovery and developing best in class finance reporting and business analytics · Tosupporttheoperationalandnon-operational managersof anumberspecified service lines in delivering their financial strategy and keyfinancial goals, through the provision of high quality financialmanagement, control and planning services, advice and support. Thisinvolves strategic, organisational and operational discussion, analysisand reporting to enable the efficient an effective use of service lineresources. · ToprovidefinancialsupporttodevelopmentofdivisionalFIP/savingsplansandmonitor thedelivery oftheseplans. · Responsibleforthepreparationandreviewofbusinesscasesensuringthat all costs/income/benefits are fully understood and those decisionson new initiatives are taken with full knowledge of the financialimplications.

• Preparationofannualbudgets, focusedonservicelineprofitability and includingprovidingchallengetoservicelineassumptions
• Responsibleforfinancialnegotiationsinrelation toservice line contractsbothinternallyandexternally.
• Toenhanceanddevelopthefinancialanalyticalsupportinorderto help managers to develop their services in a cost-effective way. In particularthedevelopment of planningandmonitoringpoliciesand procedures.
For further information please refer to the attached JD and PS. You will be expected to quickly develop an understanding of the business of healthcare provision, to support and lead on quality decision making through provision of excellent analytical support. You will be an integral member of the hospital finance team and be expected to contribute to the development, agreement and implementation of priorities. We are an equal opportunities employer and welcome all applications irrespective of age, disability, gender, sexual orientation, race or religion. MAIN DUTIES AND RESPONSIBILITIES :- Royal Free World Class Values The post holder will offer World Class Care to service users, staff, colleagues, clients and patients alike. RESPONSIBILITYFORPOLICY ANDSERVICE DEVELOPMENT
• To support services in the development of FIP/savings plans, working with servicemanagers, budget holders and clinicians on both income and expendituredevelopment. To maintain monitoring systems to track delivery of the annualFIP/savingsplan.
• Along with the Head of Finance, to develop a focus on service line and divisionalprofitabilityandreturnoninvestment,developingshort andmediumtermfinancialandsavings plans alignedwithstrategic plans.
• To lead on the financial and economic analysis required for business cases,ensuringthat thecosts,benefitsandincomeandexpenditureof projectsarefullyunderstoodandclearly disclosedwithinbusinesscases.
• To carry out post implementation reviews once a business case has beenapprovedandimplementedtoconfirmwhether theproposaldeliveredthebenefitsit promised and to understand any variances between actual results and thoseanticipatedwhenthebusiness casewasapproved.
• Toassist intheproductionofexternalserviceagreementsandcontractsinlinewithtrust policiesandtosupportthedevelopmentof thenewserviceplans.
• To analyse and interpret relationships between patient activity data and other keyperformanceindicatorsandthefinancialperformanceofrespectiveareas, inorderto anticipate trends and identify weaknesses in budgetary control systems and toestablish any implications on corporate support services and service fundingstreams.
• Toleadonthefinancial supportforanumberofstrategicprojectsorservicedevelopmentswithinthedivision.
RESPONSIBILITYFORFINANCIALANDPHYSICALRESOURCES
• To lead the annual budgetary cycle for specified service lines, using specialistknowledge and expert systems.To provide challenge to operational managers andclinicians on budget setting assumptions and work with budget holder to assessriskandmitigationstrategies.
• Thepostholderwillbeakeycustomerofthemanagementreportingteamandwillneed to ensure the coordination, review, integrity and timeliness of the monthlyfinancialreportingprocess for specifiedservicelines.
• Overseedaytodayadministrationforservicelinesof thebudgetarycontrolsystemsuch that respective budget have complete accurate timely and relevant financialinformation available enabling them to control costs within their areas ofresponsibilityandtofulfiltheStandingFinancialInstructionsof theTrust.
• To support all commercial propositions at divisional level and to support the Headof Finance in undertaking or overseeing the financial management on all keycontractswithinthedivision.
• To maintain and ensure that all Trust financial control procedures includingStandingOrdersandStandingFinancialinstructionsareadheredto.
RESPONSIBILITYFORLEADINGANDMANAGING
• Toindirectlyleadateamoffinancestaff,participatinginrecruitmentandsupporttheir personal and technical development including establishing best practice,inputtingintotheir appraisal.
• Thepostholderwillparticipateintheprovision offormalfinancialtrainingtobudgetholders and clinicians and be responsible for ensuring adequate financial trainingwithinspecific servicelines.