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Finance Business Partner

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Royal Free London NHS Foundation Trust

2mo ago

  • Job
    Full-time
    Senior Level
  • Healthcare
  • London

AI generated summary

  • You need clinical and non-clinical finance experience, strong stakeholder engagement, budgeting, business case evaluation, contract negotiation, and analytical skills for cost-effective service development.
  • You will lead financial strategy, prepare budgets, support savings plans, analyze costs, negotiate contracts, and attend management meetings to enhance service financials.

Requirements

  • The role requires both clinical and non-clinical finance experience, working with key stakeholders, persuading and influencing the financial direction of the division.
  • To provide financial support to development of divisional FIP/ savings plans and monitor the delivery of these plans.
  • Responsible for the preparation and review of business cases ensuring that all costs/ income/ benefits are fully understood and those decisions on new initiatives are taken with full knowledge of the financial implications.
  • Preparation of annual budgets, focused on service line profitability and including providing challenge to service line assumptions.
  • Responsible for financial negotiations in relation to service line contracts both internally and externally.
  • To enhance and develop the financial analytical support in order to help managers to develop their services in a cost-effective way. In particular the development of planning and monitoring policies and procedures.
  • As a member of a multidisciplinary management team will attend key board and committees and be involved on a daily basis with the operations of assigned service lines.

Responsibilities

  • The post holder will be the lead finance contact for the Community Division and provide financial leadership for the division.
  • They will ensure effective use of the division’s financial resources in pursuit of agreed financial envelope and allocated CIP target.
  • The role requires both clinical and non-clinical finance experience, working with key stakeholders, persuading and influencing the financial direction of the division.
  • To provide financial support to development of divisional FIP/ savings plans and monitor the delivery of these plans.
  • Responsible for the preparation and review of business cases ensuring that all costs/ income/ benefits are fully understood and those decisions on new initiatives are taken with full knowledge of the financial implications.
  • Preparation of annual budgets, focused on service line profitability and including providing challenge to service line assumptions.
  • Responsible for financial negotiations in relation to service line contracts both internally and externally.
  • To enhance and develop the financial analytical support in order to help managers to develop their services in a cost-effective way.
  • In particular the development of planning and monitoring policies and procedures.
  • As a member of a multidisciplinary management team will attend key board and committees and be involved on a daily basis with the operations of assigned service lines.

FAQs

What is the primary responsibility of the Finance Business Partner?

The primary responsibility of the Finance Business Partner is to be the lead finance contact for the Community Division, providing financial leadership and ensuring effective use of the division's financial resources.

Is clinical finance experience required for this position?

Yes, the role requires both clinical and non-clinical finance experience.

What will the Finance Business Partner be responsible for in relation to business cases?

The Finance Business Partner will be responsible for the preparation and review of business cases, ensuring that all costs, income, and benefits are fully understood, and that decisions on new initiatives are made with a clear understanding of the financial implications.

Will the Finance Business Partner be involved in budget preparation?

Yes, they will be responsible for the preparation of annual budgets, focusing on service line profitability and providing challenge to service line assumptions.

What kind of negotiations will the Finance Business Partner be responsible for?

The Finance Business Partner will be responsible for financial negotiations relating to service line contracts, both internally and externally.

What type of support will the Finance Business Partner provide to managers?

The Finance Business Partner will enhance and develop financial analytical support to help managers develop their services in a cost-effective manner.

Will the Finance Business Partner attend key board and committees?

Yes, as a member of a multidisciplinary management team, the Finance Business Partner will attend key board meetings and committees.

What opportunities does the Royal Free London NHS Foundation Trust offer for career development?

The trust offers unrivalled career opportunities, a forward-thinking approach to work, flexible hours, generous benefits, and advanced training options to help employees advance their careers.

Who can I contact for more information about the job?

For more information, you can contact Paras Shah, Associate Director of Finance, at the email address paras.shah5@nhs.net.

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Royal Free London NHS Foundation Trust

Delivering world class expertise at Barnet, Chase Farm and the Royal Free hospitals. We represent the NHS at its best.

Science & Healthcare
Industry
10,001+
Employees
1828
Founded Year

Mission & Purpose

Today, the Royal Free London NHS Foundation Trust runs three London hospitals; Barnet Hospital in north London, Chase Farm Hospital in Enfield and the Royal Free Hospital in Hampstead. Barnet Hospital and Chase Farm Hospital became part of the Royal Free London NHS Foundation Trust on 1 July 2014. Last year our highly skilled healthcare teams provided treatment and care for over a million patients and achieved some of the best clinical outcomes in England. Our mortality rates have been the best among England's hospital trusts for many years. Our goal is to continue excelling and to be in the top 10 per cent in the UK for clinical research, scientific medical research and teaching outcomes. We provide a wide range of routine and specialist health services and we aim to deliver world class healthcare to our patients. To do so, we combine world class expertise with leading healthcare that is local, patient-focused and friendly.