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Head of Group Financial Reporting and Planning

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Manchester University NHS Foundation Trust

15d ago

  • Job
    Full-time
    Senior & Expert Level
  • Manchester

AI generated summary

  • You must support complex financial reporting, manage resources, ensure compliance, assist in monthly closures, and develop long-term financial plans.
  • You will manage financial reporting, create budgets and forecasts, support monthly closing, ensure compliance with financial policies, and maintain the Long-Term Financial Plan.

Requirements

  • - To support the Group financial reporting function of the Trust and by use of highly complex models create, budgets, forecasts and financial plans from the submissions received by 10 Hospital/MCS/LCO and 13 Corporate Directorates.
  • - Ensure that multiple competing requirements for resources to deliver financial targets for the above are balanced appropriately and reported accurately.
  • - To support the monthly close-down and reporting process.
  • - To support in ensuring robust financial systems are in place to provide budgetary and reporting information in line with accountancy standards.
  • - To maintain knowledge of Trust Standing Orders, Standing Financial Instructions and Financial policies and to ensure compliance at all times in undertaking the duties of the post.
  • - To assist in coordinating, consolidating and reviewing any Trust financial reporting returns to NHSE and the GM ICB.
  • - To ensure that the Trust’s Long-Term Financial Plan is maintained and developed by the Financial Planning Team in line with the Trust’s medium to long term plans and associated scenario plans.

Responsibilities

  • To support the Group financial reporting function of the Trust and by use of highly complex models create, budgets, forecasts and financial plans from the submissions received by 10 Hospital/MCS/LCO and 13 Corporate Directorates.
  • Ensure that multiple competing requirements for resources to deliver financial targets for the above are balanced appropriately and reported accurately.
  • To support the monthly close-down and reporting process.
  • To support in ensuring robust financial systems are in place to provide budgetary and reporting information in line with accountancy standards.
  • To maintain knowledge of Trust Standing Orders, Standing Financial Instructions and Financial policies and to ensure compliance at all times in undertaking the duties of the post.
  • To assist in coordinating, consolidating and reviewing any Trust financial reporting returns to NHSE and the GM ICB.
  • To ensure that the Trust’s Long-Term Financial Plan is maintained and developed by the Financial Planning Team in line with the Trust’s medium to long term plans and associated scenario plans.

FAQs

What is the main responsibility of the Head of Group Financial Reporting and Planning?

The main responsibility is the day-to-day management of the full financial reporting and planning processes for the Trust, which includes creating budgets, forecasts, and financial plans while ensuring compliance with internal and external standards.

What is the turnover of Manchester University NHS Foundation Trust?

The turnover of Manchester University NHS Foundation Trust is approximately £2.8 billion.

Who will the successful candidate support in this role?

The successful candidate will support the Deputy Director of Group Financial Reporting and Planning.

How many hospitals and corporate directorates does the Trust involve in its financial reporting?

The Trust involves 10 hospitals and Managed Clinical Services/Local Care Organisations, as well as 13 Corporate Directorates.

What kind of systems should be maintained to ensure accurate reporting?

Robust financial systems should be maintained to provide accurate budgetary and reporting information in line with accountancy standards.

Who are the external stakeholders the successful candidate may liaise with?

The successful candidate may liaise with senior stakeholders in the Greater Manchester Integrated Care Board (GM ICB), NHS England (NHSE), and other external entities.

What is the importance of compliance in this role?

Compliance is crucial as the Head of Group Financial Reporting and Planning must ensure adherence to the Trust Standing Orders, Standing Financial Instructions, and Financial policies at all times.

What is the Trust's approach to enhancing its operations for better service delivery?

The Trust is creating a digitally enabled organization to improve clinical quality, patient and staff experience, operational effectiveness, and is also working on a new Green Plan for sustainable healthcare.

Can candidates expect opportunities for career development?

Yes, the Trust provides equal opportunities for career development that are fair, open, and transparent.

Who should be contacted for further details or informal visits regarding the job?

Interested candidates should contact Paul Fantini, the Deputy Director of Group Financial Reporting & Planning, via email at paul.fantini@mft.nhs.uk or by telephone at 07717 694472.

Manchester University NHS Foundation Trust

Science & Healthcare
Industry
10,001+
Employees

Mission & Purpose

Manchester University NHS Foundation Trust (MFT) is one of the largest acute Trusts in the UK, employing over 20,000 staff. We are responsible for running a family of nine hospitals across six separate sites, providing a wide range of services from comprehensive local general hospital care through to highly specialised regional and national services. We are the main provider of hospital care to approximately 750,000 people in Manchester and Trafford and the single biggest provider of specialised services in the North West of England. We are also the lead provider for a significant number of specialised services including Breast Care, Vascular, Cardiac, Respiratory, Urology Cancer, Paediatrics, Women’s Services, Ophthalmology and Genomic Medicine.