Finance Business Partner

Cambridgeshire and Peterborough NHS Foundation Trust; United Kingdom; Hybrid; GBP 50,000 - 55,000; Full time

Job summary

A leading health and social care organization seeks a Finance Business Partner to coordinate financial planning and reporting. The role involves significant financial management, providing insights, and supporting decision-making processes. Candidates should have strong analytical skills and experience in budgetary control, with a focus on delivering high-quality financial services in a collaborative environment.

Qualifications

• Significant financial management experience required.
• Experience in producing management reporting and budgetary control.

Responsibilities

• Coordinate development of summary financial plans.
• Monitor performance of budgets and analyze key variances.
• Provide financial input into TACT business cases.

Skills

Analytical Skills

Communication

Problem-Solving

Education

Honours Degree

Financial Qualification

Tools

Oracle Finance Systems

Excel

Job description

Recruiter Cambridgeshire and Peterborough NHS Foundation Trust

Detailed job description and main responsibilities

Please refer to the attached job description and person specification for full details of responsibilities.

Finance and Business Planning
• Co-ordinate the development of summary financial plans for TACT services ensuring they reflect their strategic objectives. This will involve the development of annual integrated income, expenditure, workforce, activity and capacity plans.
• Prepare detailed bridging statements reconciling year on year performance and validating key movements.
• Identify financial risks and analyse both downside and upside financial positions and help to identify mitigations
• To take an active role in periodic detailed budget setting processes in conjunction with key stakeholders and TACT senior management team, endeavouring to ensure that resultant targets (both financial and non-financial) are realistic and are fully understood by all involved.
• To provide financial input into the preparation of TACT business cases, working closely with clinical leads, operational managers and the wider TACT team.

Financial Monitoring and Reporting
• Undertake a comprehensive analytical review of monthly reports to ensure the veracity of information and highlight and substantiate key issues
• Monitor the performance of those budgets and analyse key variances timely, proposing remedial action as required
• To produce accurate financial forecasts, using professional skill and judgement, ensuring that the TACT Directors understand and support them. The forecasts plans should highlight potential opportunities and risks. Quantify and grade risks identified and support the formulation and implementation of mitigation plans where these are required
• Provide an executive reporting pack for the TACT team that they can use as the foundation for formal Executive and Board reporting within each workstream, and to the wider TACT governance structure.
• Provide a detailed financial report for the TACT team to feed back with each Trust finance team, to ensure that key financial issues are clearly and professionally presented in a format that allows each Trust to accurately reflect the impact of provider collaboratives in their own reporting and financial planning.

Productivity and Efficiency
• Provide finance and business advice to all key decision makers involved in TACT programmes, which must be linked to real initiatives or potential initiatives that can help achieve the objectives of each Partnership workstream.
• Provide deeper financial insight into TACT programmes, and pro-actively identify opportunities and risks that could impact on the financial position.
• To further develop cost awareness, identifying and quantifying key cost drivers and being able to model the implications of changes in activity on these
• Promote a culture of innovation and productivity using financial models to support cost improvement and productivity concepts, business cases and other activity as required

Person specification

Education / Qualifications

Essential criteria

• Financial Qualification with Accountancy Body - minimum Part Qualified
• Evidence of compliance with institute CPD requirements
• Honours degree or equivalent level of qualification and/or equivalent experience

Desirable criteria

• Fully Qualified with Accountancy Body, with current active membership

Experience

Essential criteria

• Significant financial management experience
• Experience of producing management reporting and the monitoring of financial resources
• Budgetary control and monitoring including supporting savings plans.
• Assessment of financial and non-financial data
• Business case costing, writing and evaluation
• Value added analysis.

Desirable criteria

• Experience of working in an NHS or similar organisation to understand clinical processes
• Experience of using Oracle finance systems
• Understanding of Agreement of Balances exercise and final accounts

Knowledge & Skills

Essential criteria

• Strong IT skills including Word, Excel, PowerPoint, and financial systems.
• Excellent skills in analysing, interpreting data to draw conclusions.
• Ability to use judgement to compare and evaluate options, and recommend actions based on those evaluations.
• Effective problem-solving skills, especially for new issues where no precedent to follow.
• Ability to set clear and concise objectives, prioritise and monitor progress and take appropriate action to achieve outcomes by required deadlines.
• Ability to use initiative to pursue challenging and difficult issues with confidence, drive, and tact to achieve results
• Excellent communication skills including presentation and summary of complex data into meaningful information for non-finance managers and colleagues

Desirable criteria

• NHS framework and commissioning arrangements
• The ability to negotiate effectively with a wide range of people and professionals, both internally and externally

Other

Essential criteria

• Full driving licence
• Accepts responsibility and accountability for own work and can define the responsibilities of others.
• Recognises the limits of own authority within the role.
• Seeks and uses professional support appropriately.
• Understands the principle of confidentiality.
• Demonstrates professional curiosity.
• Understanding of need for sensitivity and discretion in particular circumstances

Here at Cambridgeshire and Peterborough NHS Foundation Trust (CPFT) we are dedicated to providing high quality care with compassion. We deliver many of the NHS services that are provided outside of hospital and in the community such as physical, mental health and specialist services.

We are a health and social care organisation, offering a wide range of services, including:

• Integrated physical and mental health services for adults and older people;
• Specialist mental health and learning disability services;
• Children and young people's mental health services;
• Children's community services in Peterborough;
• Social care;
• Ground-breaking research

We strongly encourage applications from all sections of the community, particularly from under-represented groups including disabled people and members of our ethnic minorities and LGBTQ+ communities. For further information about our positive equality, diversity and Inclusion work, please visit https://www.cpft.nhs.uk/equalityanddiversity.

CPFT is looking to build upon its pool of temporary workers with Temporary Staffing Services (TSS). You will be asked at interview if you would be willing to register with TSS. This is an excellent opportunity for those looking to take on additional hours that are flexible around your personal circumstances.

Please be advised that in line with the WHO Health Workforce Support and Safeguards List, 2020 Cambridgeshire and Peterborough NHS Foundation Trust currently are unable to accept applications from overseas candidates whose country of residence is classed as a 'Red List' country.

Applicants who require entry into the UK will be required to provide a valid police certificate from the relevant authority from each country (except the UK) where the applicant has been present for 12 months or more, 10 years before the date of visa application, while aged 18 or over.

If you are successful at interview you will be subject to pre-employment checks, including a DBS (if appropriate), references and Occupational Health. To ensure a smooth process please bring all identity documents to your interview. A list of required identity documents will be attached to your interview invitation.

All communications will be sent to you via TRAC Systems. By applying for this post you are agreeing to CPFT transferring the information contained in this application to TRAC. If you are made an offer, information will also be transferred into the national NHS Electronic Staff Records system.

Employer certification / accreditation badges

Documents to download

• Finance Business Partner JDPS (PDF, 448.6KB)
• CPFT Values (PDF, 114.7KB)
• CPFT Mindful Employers (PDF, 51.3KB)
• CPFT Accommodation (PDF, 296.6KB)

£50000 - £55000 per annum + Hybrid working

£50000 - £55000 per annum + Hybrid working