Senior Finance Manager - Income and Contracts | Guy's and St Thomas' NHS Foundation Trust

The focus in this role is on using financial and other income information to make recommendations for improvements to the efficiency and effectiveness of Trust departments. The Senior Income Manager will work across the Trust to deliver specific objectives. Skills in presentation of ideas and influencing others will be a clear requirement.

To lead on the strategic financial planning agenda and programme for directorates and take the financial lead on developing business plans and presenting these to Trust Executive Directors. Identifying opportunities for financial efficiencies and high-lighting areas of risk and reporting on progress of these whilst indicating other opportunities in year

To coordinate the provision of income reports and analysis through informatics, directorate finance teams and the financial planning manager.

To manage the provision of income information, analysis and advice to senior finance colleagues, other senior staff throughout the Trust and commissioner colleagues.

To take an active role in working with Directorate General Managers, Clinical Directors and other managers in developing long term plans for income efficiency savings and improvements in value for money.
To make use of comparative tools such as benchmarking in developing rolling income plans and to lead on developing their use with commissioner colleagues.

As the leading expert within a highly specialist area within Finance the Senior Income Manager is responsible for the co-ordination, development and direction of the financial reporting of income and the contracts officer supporting this work.

Management and Leadership

• To recruit, induct, train and develop a team of income and contracting staff.


• To provide expert sectional operational management, set objectives and priorities, and to motivate and appraise staff


• To take an active role in developing income and contracting staff through on the job training, professional academic studies, and other approaches such as mentoring, career and personal PDP's


• To provide leadership and present complex income information to senior directorate staff and Trust Executive Directors.

Information management

• To identify, develop, recommend and implement improvements in the income team performance, including regular review of team performance covering systems, processes, policies and individual performance.


• To work in collaboration to improve the effectiveness of accounting systems, working closely with the financial management, financial planning and informatics teams.


• To work in collaboration to continually review and improve the effectiveness of the performance monitoring systems, working closely with colleagues in finance and the Directorate of Informatics


• To coordinate the provision of income reports and analysis through informatics and financial planning staff. To manage the provision of financial management information, analysis and advice to Clinical Directors, Directorate General Managers and other senior staff throughout the Trust and colleagues in CCGs, NHS England, NHS Improvement and Local Authorities.


• To make use of comparative tools such as benchmarking in developing rolling income plans and forecasts and to lead on developing their use with directorates and commissioners.


Financial responsibilities

• To provide professional expert guidance to Directorate and finance managers and when required to challenge assumptions held to ensure the development of robust income reporting and forecasts.


• To monitor and review directorate forecasts and producing a commissioner based forecast, ensuring that plans are adequately implemented andmonitored from the start of each year, and to ensure a consistent approach for new plans developed during the year.


• To identify ways to improve income generation across the Trust and to maximise income from current sources.


• To identify ways to improve the methodology for assessing Work in progress for income.


• To take an active role in working with Directorate General Managers, Clinical Directors and other managers in developing long term plans for efficiency savings and improvements in value for money with respects to income.


• To develop with directorates an awareness of income performance requirements, and of the need for achieving income targets.


• To take the Income lead on identifying the training needs and requirements of Directorates and finance managers with respects to income and contracting and to provide the resources and materials to address these.


• To ensure that all managers are aware of, and act in accordance with Standing Financial Instructions.


• To provide input to the costing, pricing and financial planning activity of the Trust, including reviewing all costs and prices and recommending changes to contracts where appropriate.


• To undertake the required income reviews in the evaluation of business cases and tenders

Education & Professional Development.

• Completion of a CCAB recognised accountancy qualification, or equivalent, with significant PQE preferably in a specialist financial management role
  
  A thorough in-depth understanding of NHS accounting and reporting issues and the application of these within the Trust


• Acquisition of the technical and personal skills and competencies is considered to require at least five years experience across the accountancy functions at a senior level


• Able to demonstrate extensive experience at senior management level, motivating and developing a team to achieve desired objectives. Experience of setting objectives, undertaking appraisals mentoring and coaching staff. Experience of staff performance management including disciplinary policies is essential