Divisional Finance Manager

Detailed job description and main responsibilities DUTIES AND RESPONSIBILITIES

Provide support to the Assistant Director of Finance (ADoF) and Head of Financial Management (HoFM) in providing an effective monitoring and reporting service to the trust in accordance with the agreed timetables, procedures and standards prescribed within the trust.

Provide a high quality professional financial management advice and support service, acting as lead accountant and contact point for a range of clinical and non-clinical divisions. To ensure that these divisions/directorates achieve financial balance and that financial pressures are highlighted at an early stage and appropriate action identified. Continue to develop financial reporting and planning to reflect the needs of the divisions/directorates and improve accountability.

Provide specialist strategic, financial and business skills input into the planning of any service development including strategic change within the division/directorate as appropriate, ensure that divisional/directorate objectives are affordable within available resources consistent with organisational financial strategy.

Provide support and input to projects within finance or across the Trust as assigned.

Provide support to the HoFM and ADoF, ensuring the HoFM is kept informed of divisional and team issues.

Co-ordinate the production of divisional monthly financial management information in line with agreed timetables and to feed into the trust reporting framework with reports taken to internal committees as well as reported externally. Internal committees to include divisional board, capital and workforce planning group, drugs management committee, research committee, charitable funds committee, management board and trust board of directors.

Co-ordinate the budget setting process for division(s)/directorates by establishing and maintaining systems and procedures and ensuring the production of working papers to enable the formulation of the Trust budget book. Contribute to the financial planning process to enable the formation to the Trust's annual plan.

Interpret financial information and communicate variances from budget and any areas of potential risk to senior managers and offer guidance and advise to enable action plans to be formulated which maximise the financial resources available.

Proactively assist colleagues in managing budgets and continually act to promote financial control and stewardship to safeguard the use of funds and promote value for money and ensure the appropriate use of funds within the division/directorate.

In conjunction with the division(s) and the Programme Management Office, proactively identify, monitor and evaluate schemes to ensure achievement of Cost Improvement Programme (CIP) targets, and contribute to CIP working groups by being the nominated finance representative.

Accurately forecast the year end financial position of the division/directorates on a monthly basis to enable the year-end position for the trust/charity to be provided to the board.

Act corporately, upholding the professionalism, position and focus of the Finance Directorate, whilst also being an integral and trusted member of the divisional team(s).

As a member of divisional board(s), develop a close working relationship with other members of the board and divisional senior management team. Present financial information to clinicians, managers and other staff to improve financial awareness and efficiency.

Provide the division with information on the links between the achievement of performance targets and the financial performance of the division. This will include advising the divisional board on Local Delivery Plan's; cost and price implications of service changes and advising of financial implications of changes to local tariff and payment by results.

Link with the Income, Costing and Contracting team in the production of profitability reporting through divisional/directorate agreement of cost and income allocation and understanding of service contribution to the running of the trust.

Link with the Financial Services Manager to ensure the accurate reporting of the trust balance sheet and cash flow statement, to also ensure the trust maximises its cash balance on a daily basis.

Contribute to and where appropriate lead on identified corporate financial projects, for example the preparation of elements of the Annual Accounts process.

Work co-operatively across the finance function to ensure that common standards of…