Financial Planning Manager

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King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1.7 billion, 1.5 million patient contacts a year and more than 15,000 staff based across 5 main sites in South East London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King's College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in the London Borough of Bromley.

Job overview

An exciting opportunity has arisen for a Financial Planning Manager, supporting the Head of Financial Strategy and Planning in developing an effective Trust-wide financial planning process.

Working with other senior finance colleagues to ensure the finance function overall provides high quality, professional financial support to the Trust that meets the needs of the business.

In providing specialist financial expertise and leadership to the business there is an almost constant requirement for the post holder to exercise intense concentration and sustained mental effort in order to analyse, understand, retain and convey information. There is a frequent need for the post holder to prioritise and re-prioritise workloads according to the demands of stakeholders and to meet financial deadlines.

The post holder must have a recognised CCAB or equivalent qualification and have significant experience in senior roles within finance and be fully committed to Continuous Professional Development.

Main duties of the job

The post holder will be one of three financial planning managers who will need to make decisions on a range of complex financial situations and be responsible for:
. Coordinating the financial planning of the Trust including the Annual Planning Review, Long term planning, monthly returns and forecasts
. Modelling long term planning assumptions (LTFM) to ensure the Trusts financial strategy is kept up to date
. Reviewing business cases and managing the day-to-day governance of the Trust's investment Board.
. Effective and accurate production of elements of financial performance and recovery (including CIP) reporting both to internal and external stakeholders in line with best practice requirements
. Providing business partnering to support the Trusts capital programme.

Working for our organisation

King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1 billion, 1.5 million patient contacts a year and more than 15,000 staff based across South East London. The Trust provides a full range of local and specialist services across its five sites. The trust-wide strategy of Strong Roots, Global Reach is our Vision to be BOLD, Brilliant people, Outstanding care, Leaders in Research, Innovation and Education, Diversity, Equality and Inclusion at the heart of everything we do. By being person-centred, digitally-enabled, and focused on sustainability, we aim to take Team King's to another level.

We are at a pivotal point in our history and we require individuals who are ready to join a highly professional team and make a real, lasting difference to our patients and our people.

King's is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible.

Detailed job description and main responsibilities

To lead in the delivery and presentation of the financial element of the Trusts Annual Plan and to oversee the production of a reliable forecasting process

Work closely with the Head of Finance - MI, Analysis & Reporting to ensure the financial plan is accurately reflected in budgets.

Model the Trust short term (1 year) and long-term financial plans taking account of the effect of cost pressures, service developments and income assumptions including revisions to the tariff and changes to national policy and legislation.

To support the production of longer-term strategic projections in partnership with other senior managers and to lead on complex financial modelling displaying the effect of proposed service changes on the organisation.

Requires excellent planning skills and knowledge of the corporate priorities and systems of the Trust to develop long term Service Business Plans that both progresses and influences organisational priorities.

Work with the trust strategy team to ensure outcomes from the trust's strategic framework, clinical strategy and estates strategy are captured and reflected in the trusts long-term financial plan.

To challenge assumptions with relevant individuals and to be responsible for ensuring that financial modelling is robust, accurate and in line with overall Trust objectives, assessing risks and identifying risk-mitigating actions as required.

To interpret contracting rules especially for non-PbR and specialist NHSE commissioning.

Please refer to the job description and personal specification for more details.

Person specification

Experience

Essential criteria

• Significant financial management experience at a senior level.
• Presentation of highly complex financial and non-financial information
• A proven track record of delivery in a Finance environment and business/project planning

Desirable criteria

• Appropriate understanding of the different accounting treatments required for the NHS by legislation or Department of Health policies
• Supporting managers and clinicians in the use of service line reporting & patient level cost information

Qualifications

Essential criteria

• Qualified CCAB accountant, with substantial experience at a senior level.

Desirable criteria

• Participates in continuing professional development and maintains their professional registration.

Knowledge and Skills

Essential criteria

• Understanding of Long-Term Financial Planning
• Detailed understanding of the financial analysis required for the submission of service development business cases, including SWOT, Sensitivity analyses, payback period, Internal rate of return, discounted cash flows etc.
• Expert understanding of project management and accounting processes and best practice methods, including forecasting, modelling, trend analysis.

Desirable criteria

• Detailed knowledge of the commissioning regime; knowledge of the structure of the national tariff and the effects of policies on care group income.

IMPORTANT

• Check your email account regularly as this is how we will communicate with you
• If you delete the job from any of your accounts, you may be prevented from accessing further communications
• To enquire about your application or inform us of any changes in your circumstances, please contact the named person on this advert
• Please provide email addresses for referees where possible
• Click here to see the range of benefits we offer
• Please review the documentation on our recruitment microsite, particularly the Trust's criminal records checking policy
• All staff have a responsibility for safeguarding children and vulnerable adults and for ensuring they are aware of the specific duties relating to their role.
• Due to a high volume of applications, this advert might close before the displayed closing date. It is therefore recommended that you apply promptly

King's College Hospital NHS Foundation Trust Annual Reports and Other Corporate Publications

King's Health Partners Academic Health Science Centre Website

King's College Hospital is part of King's Health Partners Academic Health Sciences Centre (AHSC), a pioneering collaboration between King's College London, and Guy's and St Thomas', King's College Hospital and South London and Maudsley NHS Foundation Trusts.

Employer certification / accreditation badges

Applicant requirements

You must have appropriate UK professional registration.

Documents to download

• Financial planning manger JD (PDF, 472.4KB)
• Denmark Hill Site Map (PDF, 1.2MB)
• Princess Royal (PRUH) Site map (PDF, 1.4MB)
• Visa and Sponsorship Information (PDF, 352.6KB)