Description:
Overview
An excellent opportunity has arisen for an experienced and motivated Finance Business Partner to join Worcestershire Acute Hospitals NHS Trust on a 12-month fixed-term basis. Reporting to the Deputy Director of Finance, this role will involve providing strategic financial and business planning expertise to supported areas within the Trust. The post holder will lead a divisional financial management team, ensuring accurate financial reporting, budget management, and performance monitoring.
Key Responsibilities
Financial Reporting & Analysis
- Provide detailed, accurate, and timely financial reports to budget managers, ensuring complex financial data is easily understandable.
- Design, maintain, and enhance financial reporting systems to support divisional and Trust-wide financial management.
- Oversee month-end financial processes, ensuring deadlines are met and reports accurately reflect the division’s financial position.
- Prepare and present financial reports at pre-Trust Board meetings, addressing inquiries on divisional financial performance and proposing corrective actions when necessary.
Strategic & Financial Planning
- Lead the annual financial planning process, aligning with Trust objectives, activity levels, capacity requirements, and service development initiatives.
- Identify potential financial risks and propose rectification measures to maintain divisional financial stability.
- Oversee detailed forecasting of financial outturns and implement corrective actions where deviations occur.
- Ensure divisional budgets are set within available resources, maintaining financial balance and advising on resource allocation strategies.
Business Management & Decision Support
- Lead financial evaluations of business cases, ensuring robust financial analysis and compliance with investment appraisal techniques.
- Monitor key non-financial performance indicators (e.g., length of stay, theatre utilization) to optimize resource use and productivity.
- Drive benchmarking and value-for-money audits to enhance financial efficiency.
- Support procurement negotiations and tender evaluations to secure best-value contracts.
Financial Control & Compliance
- Ensure adherence to NHS financial policies, corporate procedures, and statutory accounting requirements.
- Identify and address weaknesses in financial control mechanisms, proposing improvements where necessary.
- Promote compliance with Standing Financial Instructions, Standing Orders, and Trust financial governance policies.
- Lead on implementing NHS finance architecture changes and responding to evolving financial regulations.
Leadership & Staff Management
- Manage a divisional finance team, overseeing recruitment, performance management, training, and workload allocation.
- Ensure budget holders receive financial training, equipping them to manage resources effectively within Trust policies.
- Deputize for the Deputy Director of Finance when required.
Financial Services & Cash Flow Management
- Ensure compliance with the Better Payment Practice Code and improve debt recovery processes.
- Manage working capital, oversee statutory accounting, and contribute to annual accounts preparation.
- Ensure income maximization by investigating funding opportunities and recovering appropriate funds from external agencies.
Why Join Us?
Worcestershire Acute Hospitals NHS Trust is a leading healthcare provider with over 7,000 dedicated staff members delivering outstanding patient-centered care across three hospital sites: Kidderminster, Redditch, and Worcester. We are committed to diversity and inclusion, offering an expanded Guaranteed Interview Scheme for BAME, Disabled, and LGBT+ candidates who meet the minimum role requirements.
Our Vision:
- Best services for local people
- Best experience of care and outcomes for patients
- Best use of resources
- Best people
We also offer Timewise accreditation, demonstrating our commitment to flexible working opportunities.