Finance Manager - Costing

Royal National Orthopaedic Hospital NHS Trust; Stanmore; On-site; GBP 61,000 - 69,000; Full time

Job summary

A leading NHS organization in Stanmore is seeking a Finance Manager - Costing to maintain and enhance the costing system. The ideal candidate will develop relationships with clinical staff, ensure accurate reporting, and work closely with the finance team to identify efficiencies. The position offers a salary range of £61,631 to £68,623 per year including HCAS, alongside various staff benefits, fostering an inclusive workplace.

Benefits

24/7 wellbeing support

Reward & Recognition platform

Dedicated Staff Wellbeing Hub

Salary sacrifice schemes

Qualifications

• Experience of communicating with senior managers and clinicians.
• Significant experience in finance department of NHS or commercial organisation.
• Excellent analytical skills for interpreting complex data.

Responsibilities

• Report timely and accurate service level information.
• Understand business drivers with clinicians and managers.
• Provide innovative reports for various management needs.

Skills

Communication with senior managers

Presentation skills

Analytical skills

Understanding of finance in NHS organizations

Education

Degree or equivalent

CCAB Qualified

Job description

Go back Royal National Orthopaedic Hospital NHS Trust

Finance Manager - Costing

The closing date is 19 October 2025

The Finance Manager -Costing, reporting to the Head of income and Costing is responsible for the maintenance and running of the Trust's costing system. This includes developing and refining the mapping and scripting process that allocates and attributes large volumes of data to service lines. You will be the key link to the Trust's information department to support the enhancement of the costing process, liaising with the Head of Commissioning in respect of pricing Tariff and Non-Tariff activity as required.

Main duties of the job

Ensure wide-scale acceptance of SLR through detailed review with clinical staff on a regular basis to provide assurance around findings and buy-in of key stakeholders.

Develop systems to enable the production of SLR with supporting commentary to allow for wide-scale dissemination within both operational units, and provide a further level of granularity to monthly reporting.

Work with the Financial Management team, supporting business planning at service line level. This will involve working with finance, operational and clinical colleagues supporting the development of business cases and identification of opportunities for efficiencies.

Continually review the quality of data provided/downloaded to the costing system, working closely with management accountants, costing team, clinical service leads and Information staff to constantly improve and enhance the data.

Lead and oversee the completion of statutory Reference Costs returns, as well as disseminating performance of the Trust against peers to the Director of Finance and Deputy Director of Finance.

Assist in the financial training of clinicians and operational management to ensure that the principles and importance of standard costs are understood.

About us

At the Royal National Orthopaedic Hospital (RNOH), we are committed to achieving the best staff experience in the NHS. In the 2023 NHS Staff Survey, we proudly:

• Scored above the national average for the People Promises: "We are recognised and rewarded," "We are always learning," "We work flexibly," "We are a team," and for staff engagement.
• Ranked #1 among all Trusts in North and Central London for all People Promises and themes.
• Ranked #1 among all Acute Specialist Trusts for "We work flexibly."

At RNOH, we're committed to being actively anti-discriminatory and actively inclusive. We recognise our brilliant people do brilliant work, and we offer rewarding careers, no matter what their background. We continue to strive to break down barriers to be the Trust where people come together because what they do matters, makes a difference and where they can thrive.

Joining our organisation means enjoying a wide range of staff benefits, including:

• 24/7 access to wellbeing support through our Employee Assistance Programme.
• A Rewards & Recognition platform, offering opportunities to thank colleagues, send gifts, and access exclusive discounts.
• A dedicated Staff Wellbeing Hub, providing a space to relax and recharge away from the work environment.
• Salary sacrifice schemes for transport (season ticket loans, car and bike), electrical goods, and childcare

At RNOH, we are more than a workplace--we are committed to patients, to excellence and the wellbeing of our staff.

Job responsibilities

Develop close working relationships with the Head of Income and Costing, Deputy Finance Director and Director of Finance to ensure timely and accurate reporting of service level information that is concisely explained and understood.

Work with clinicians and managers to develop a thorough understanding of business drivers within their areas of control. This will give a full understanding of the business and ensure accurate capture of activity and income, enabling the development of robust PLICS and SLR.

Develop network relationships with opposite numbers in other NHS Trusts and Foundation Trusts.

To work with clinicians and managers to provide innovative, comprehensive reports as required to meet the needs of Directorate Management Teams, Directors Meetings, Commissioning contracts, and any other purpose. This may involve presenting complex, sensitive and contentious information.

In conjunction with the Head of Income and Costing, identify service exclusions within Payment by Results and assist in the production of full-cost local prices that can be used in negotiations with commissioners.

Benchmark the incidence of Healthcare Resource Group activity against both the national average and other peer units to identify potential areas for investigation of coding accuracy.

Perform any other duties as required by the Director of Finance, Deputy Director of Finance or Head of Income and Costing.

Person Specification

Communication & Relationship Skills

• Experience of communicating with senior managers, senior clinicians and senior staff of external organisations
• Good presentation skills, excellent oral and written skills.
• Strong ability to communicate complex data in an understandable manner to non-financial colleagues.

Knowledge, Training & Experience

• Degree or equivalent
• CCAB Qualified
• Significant experience in the finance department of a commercial or NHS organisation.

Analytical & Judgment Skills

• Excellent analytical skills will be required to allow the rapid interpretation of complex and disparate pieces of information within a short timescale, and translating this into meaningful management information.
• Sound judgement: able quickly to identify and explain the essential issues.
• Independence: challenges received wisdom.

Disclosure and Barring Service Check

This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.

Royal National Orthopaedic Hospital NHS Trust

£61,631 to £68,623 a yearPer Annum Including HCAS