Deputy Business Advisor

Worcestershire Acute Hospitals NHS Trust; West Midlands Combined Authority; On-site; GBP 35,000 - 55,000; Full time

Job summary

A regional healthcare provider is seeking a Financial Planning and Reporting professional to manage budgeting processes and provide financial advice within the division. Responsibilities include supporting business management decisions, training staff in financial practices, and leading a small team. Candidates should have a strong background in financial planning and reporting and the ability to foster collaboration across teams. This role is crucial in enhancing decision-making and ensuring the efficiency of financial operations.

Qualifications

• Proven experience in financial planning and reporting.
• Ability to manage and motivate a small team.
• Strong analytical skills to identify financial risks.

Responsibilities

• Manage the budgeting process for the division.
• Provide financial training to staff.
• Support business decisions with financial analysis.

Skills

Financial Planning

Budget Management

Financial Reporting

Business Case Development

Team Leadership

Job description

Key Duties

Financial Planning and Reporting: Supports the Business Advisor (Corporate / E&F / Digital) in providing financial support to the Division and Service Lines. Coordinates and manages the process of annual budget setting for Division within an agreed corporate framework. Supports the Business Advisor (Corporate / E&F / Digital) in monitoring and reporting upon potential financial risks and risk minimisation strategies. Monitors and forecasts expenditure trends/budgetary performance on a monthly basis, identifying variances & service issues for managers & advising them appropriately. Develops and maintains systems to monitor and update Division and Service Line financial plans and advises them on corrective actions where necessary. Provides information on a monthly basis to contribute to corporate financial reports.

• Supports the Business Advisor (Corporate / E&F / Digital) and Divisional Directors and Managers in the identification of efficiency savings and provides a monthly schedule of progress against agreed targets.

Provision of Financial Advice and Training: Provides formal and informal training, advice and guidance to a wide variety of staff on Standing Financial Instructions and finance and business management issues in order to improve financial awareness, performance, cost effectiveness, and efficiency, revenue generation and to maximise the use of assets.

Business Management and Decision Support

Provides support to the Business Advisor (Corporate / E&F / Digital) in undertaking robust financial evaluation of proposed service changes/developments. Assists in the development and production of business cases and tender responses, generating options for investment, appraisal of the options and identification of project resources. With the Business Advisor (Corporate / E&F / Digital) ensure all changes in services or developments are identified and that resource implications are quantified and accounted for.

Contributes to the development of service line reporting in the Division and wider Trust. With Budget Holders, negotiates Service Level Agreements with a range of external organisations and ensures income is recovered. Develops and maintains benchmarking and costing apportionments/information to support the business including the production of Reference Costs for the relevant service lines within the Division; this will include the ERIC and Corporate Services (Back Office) returns. Introduces, adapts and improves financial and information systems within the Division and the wider Trust to assist budget managers in decision making and planning.

People, Team and Service Delivery

Be an active Member of Multidisciplinary Teams. Prepares and presents accurate financial information to inform a variety of decision making forums, including formal reports and presentations to meetings linking and interpreting financial, activity, and performance management information. Works to develop strong relationships with clinicians and managers to develop a culture of shared responsibility for financial issues. Manages a small Team of Staff Leads, manages and motivates a small team on a day to day basis, communicates clearly and openly, creating a sense of trust and encouraging two way discussions/dialogue. Monitors the work completed by team members ensuring it is completed to time and quality requirements, and ensures members of the team are regularly appraised.

Completes appraisals of FMA staff and identifies the training needs of the team members and ensures PDPs are in place.

Active Member of the Finance Directorate: Participates in finance staff training & development activities; represents the Finance Directorate contributing to and participating in Trust wide projects and groups to provide a range of financial and business management support. Identifies and takes responsibility for own development and helps to develop others. Contributes to improvement activities across the directorate.

The range of duties outlined above is not exhaustive and is subject to modification in light of changing service needs. In addition to the above the post holder may be required to undertake other duties which fall within the grade of the job, in discussion with the manager.

General Duties

To support the Business Advisor (Corporate / E&F / Digital) in providing robust financial planning and reporting service to a Division including financial forecasting and risk assessment. To provide expert financial advice and training to a range of managers and clinicians within the division.

To support the Business Advisor (Corporate / E&F / Digital) in providing business management support to enhance decision making within the division. To be an active member of multi-disciplinary teams contributing to the management of the Division and Service lines. Manage a small team of staff ensuring regular appraisal and development opportunities. To be an active member of the Finance Directorate contributing to its development.

Deputise for the Business Advisor in their absence.

End of document.