Senior Finance Analyst

Health Jobs UK; London; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading healthcare organization in London is seeking a Financial Analyst to produce budgets and financial reports, ensuring sound financial management in line with NHS standards. This includes providing support and training to budget holders, alongside maintaining professional integrity within financial operations. Candidates should be part-qualified CCAB or CIMA and possess experience in an NHS environment.

Qualifications

• Experience in NHS accounting, management accounting role required.
• Ability to evaluate risks and assumptions in financial conclusions.
• Strong interpersonal skills necessary for communication across organization.

Responsibilities

• Prepare annual budgets for each department assigned.
• Produce monthly comprehensive financial reports including variance analysis.
• Implement audit recommendations and improve financial practices.

Skills

Accounting

Interpersonal Communication

Budgeting and Financial Planning

Variance Analysis

Education

Part qualified CCAB or CIMA

Full accreditation

Tools

General Ledger

Financial Reporting Software

Power BI

Job description

Detailed job description and main responsibilities
Financial Reporting, Budget Setting and Forecasting

• Produce annual income and expenditure base budget schedules for each sub division/department assigned. Including providing prompt and professional advice to Budget Holders for service developments, cost pressures & cost improvement programmes
• Produce comprehensive, robust, accurate and timely monthly financial reports for each assigned directorate/department, covering:
• Income and Expenditure
• Variance Analysis
• Forecasts
• Integration of non-financial (manpower and activity) information
• Narrative and audit trail reports
• Accurately prepare any specific internal & external recharges, accruals and amendment journals for processing by the Financial Management Transaction Officers.
• Maintain and contribute to the development of detailed standard operating procedure notes in relation to the month end duties you undertake.
• Provide training and advice to budget holders and other finance colleagues regarding financial management issues arising out of variance and other ad hoc analysis.
• Implement audit recommendations as required and ensure sound system of internal control is maintained.
• Understand the Trust's standing financial instructions, procurement policies, audit recommendations and any other centrally issued guidance relating to financial control and bring possible breaches of these policies to the attention of the Senior Finance Manager.
• Provide assistance as necessary to line managers and divisional managers with respect to calculations that underpin the formulation of cost improvement programmes and financial schedules incorporated within business cases.
• Attend directorate meetings and provide an explanation of financial performance with or without the support of the Senior Business Support Analyst
• Working with Senior Business Support Analyst, Senior Finance Manager and Financial Business Partners to ensure the delivery of accurate and timely reporting of financial information to appropriate levels of management.
• Cover other Business Support Analyst roles when required.

Training and Development

• Ensure you have a clear set of objectives and development plans and participate in regular performance appraisal meetings.
• Identify talent and support the internal talent management process in order attract and retain and succession plan.

Professional Responsibilities

• Maintain the integrity of the Trust's financial systems, procedures and reports.
• Maintain professional standards within the Financial Management Information and Analysis team.
• Ensure that Standing Financial Instructions, Standing Orders, financial policies and procedures are adhered to.
• Implement audit recommendations and continually working on improving financial practices throughout the trust.
• Contribute to the Finance Function's Continuous Improvement Programme
• Undertake Continuing Professional Development (CPD) in line with the relevant institute requirements.

General

• The post holder has a general duty of care for their own health, safety and wellbeing and that of work colleagues, visitors and patients within the hospital, in addition to any specific risk management or clinical governance accountabilities associated with this post.
• To observe the rules, policies, procedures and standards of King's College Hospital NHS Trust together with all relevant statutory and professional obligations.
• To live and role model the King's Values of:
  • Kind. We show compassion and understanding and bring a positive attitude to our work
  • Respectful. We promote equality, are inclusive and honest, speaking up when needed
  • Team. We support each other, communicate openly, and are reassuringly professional
• To observe and maintain strict confidentiality of personal information relating to patients and staff.
• To be responsible, with management support, for their own personal development and to actively contribute to the development of colleagues.
• The post holder has an important responsibility for and contribution to infection control and must be familiar with the infection control and hygiene requirements of this role.
• These requirements are set out in the National Code of Practice on Infection Control and in local policies and procedures which will be made clear during your induction and subsequent refresher training. These standards must be strictly complied with at all times.
• This job description is intended as a guide to the general scope of duties and is not intended to be definitive or restrictive. It is expected that some of the duties will change over time and this description will be subject to review in consultation with the post holder.

Person specification

Education and Qualifications
Essential criteria

• Part qualified CCAB or CIMA with experience.
• Full accreditation

Experience
Essential criteria

• Experience of working in an NHS accounting department including experience in a management accounting role.
• Experience of using General ledger and financial reporting software packages.
• Understand and be able to apply the concepts and techniques for - Budgeting and financial planning - Costing and pricing - Variance analysis and financial reporting - The purpose of accounting accruals and provisions - Relationships between the balance sheet, revenue accounts and cash flow statements - The key financial performance targets for NHS Trusts - The rationale for Standing Financial Instructions and the means for ensuring that they are adhered to

Knowledge and Skills
Essential criteria

• Accounting skills including being able to identify, articulate and evaluate key risks and assumptions in reaching conclusions
• Excellent interpersonal skills including the ability to communicate to all levels of non finance staff across the organisation
• Managing own workload and priorities and able to work to tight deadlines

Desirable criteria

• Worked with Power BI

Employer certification / accreditation badges
Documents to download

• Job Description and Person Specification ( PDF , 246.0 KB )
• Secondment Pledge ( PDF , 144.6 KB )
• Denmark Hill Site Map ( PDF , 1.2 MB )
• Candidate Brochure DH ( PDF , 225.6 KB )
• Visa and Sponsorship Information ( PDF , 352.6 KB )