Finance Analyst - Transformation Teddington, London, England
Job description
The post-holder will be a key member of the Finance Transformation Team, supporting key strategic programmes including the Transformation Programme and participating fully in its agenda; for both Kingston Hospital NHS Trust (KHFT) and Hounslow Richmond Community Healthcare (HRCH). The role requires to cover all aspects of the job description across KHFT and HRCH. Providing effective and professional support to the Head of Finance Transformation and the Associate Director of Finance – Transformation. They will provide expert financial analysis in support of the Transformation Programme to Project leads and participants. This is a new position with the opportunity for the postholder to shape and develop the role over time in conjunction with their line manager.
***Please note: Interviews will be held on 29th September 2023***
To support the provision of comprehensive financial analysis to the Transformation Programme for KHFT, HRCH, across ICB Place and other partners, supporting in their role in driving quality and efficiency improvements across the Trust and across Place. This is a highly technical and senior role which has significant influence on the financial analysis and reporting of Transformation for both Trusts and wider health and social care partners. This role is a key support to their line manager in overseeing the financial delivery of the programme and assessing the financial value of improvements. The post holder will be responsible for supporting maintenance of systems and processes to support financial performance management of the Transformation Programme. They will support in the implementation and development of performance management techniques and support colleagues across the programme (including Improvement Leads, Heads of Finance, Divisional General Managers, Clinical Directors) in having access to the relevant financial and non-financial business intelligence through the development of performance information. This role will support their line manager in the strategic finance leadership, support, and oversight across a portfolio of high priority strategic and transformation projects.
Trust Values
Kingston Hospital NHS Trust has five key values and we want to employ and work with people who share these values and demonstrate behaviours that support them. They are:
- Caring – Design and deliver care around each individual patient’s needs and wants.
- Safe – Make the safety of patients and staff our prime concern as safety comes first
- Responsible – All staff take responsibility for the hospital, its services and reputation
- Value Each Other – Value each other's contribution
- Inspiring - We always strive to empower each other to develop and deliver improvements to benefit our patients
1. The post holder will provide support to the Transformation and other strategic Programmes. Contributing fully through the provision of an advanced and comprehensive analytical service within the Transformation team as required. This includes attending and contributing to monthly performance management meetings and providing relevant and high-quality information.
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1. Develop and demonstrate detailed and specialist knowledge of a range of reporting and analytical systems and deliver complex financial analysis. Establish effective working relationships with Finance, BI and other colleagues across the Trust to enable an exchange of complex information as required to support the production of robust finance analysis for transformation projects.
1. Be accountable for the delivery of significant information requirements relating to transformation. Ensuring that available business intelligence is accurate, timely, up-to-date and fit-for-purpose
1. To support the Transformation Infrastructure, working closely with the PMO arm of the Transformation team, to support development of financial improvement plans, monitoring and reporting of the financials related to all efficiency projects. Contribute to the production of monthly reports for the Transformation Group with updates on financial impacts of transformation projects. Support the co-ordination of available performance monitoring information for the Transformation Programme
1. Provide, receive and present highly complex, in some cases sensitive/contentious, information. The post-holder will have the ability to communicate a range of complex information management and records issues to a variety of audiences, (clinical and non-clinical).
1. To support compilation of reporting for a robust in year and forecast year end position for the efficiency programme, reporting relevant financial information to the programme team, Divisional and Corporate teams and work streams. To support the transformation team in ensuring that all proposals for efficiency/productivity schemes are robust and that savings achieved are monitored and reported. To contribute to the developing use of financial analytics, including benchmarking and productivity analysis to support transformation programme impact monitoring and in the development of productivity improvement plans.
1. Support in the development of appropriate financial management information systems that allow the Transformation / Strategic Programme to fully understand all aspects of Transformation related financial performance. To support in the production of effective variance analysis and investigation of factors causing movements.
Managerial Responsibilities
1. Support the provision of financial briefings to the Transformation Programme, attendance at senior management forums and performance management meetings as required, providing relevant and high-quality information.
1. Oversight and analytical review of a portfolio of business cases relating to the Transformation programme, applying appropriate financial appraisal techniques (working closely with the senior members of the finance team).
1. To support the production of accurate information to each work stream, working closely with both Trust’s information teams
1. To identify own training and development needs and undertake appropriate training / education as required, supported by regular PDP.
1. To participate in Trust Committees and meetings as appropriate.
1. Lead on analytics for projects that support the delivery of the Trust financial sustainability strategy with special attention to cross-directorate issues and workflows.
1. Support as required the process to monitor the progress of these projects ensuring colleagues in divisions/corporate functions are clear on what they need to account for and ensure resource utilisation is in place across the directorates and support the introduction of remedial steps where necessary.
1. Represent the Trust within the NHS and wider community and with partner organisations where required.
1. Work in partnership with clinical and operational colleagues to deliver on Trust objectives.
1. Undertake specific projects as required by the AD of Finance - Transformation.
1. Maintain and demonstrate awareness of new developments in the delivery of acute and community care across the NHS.
1. Generate high calibre analytics for consideration as and when required to help support achievement of efficiency targets.
1. Consistently deliver to agreed deadlines.
1. To support projects prioritizing of available resources to deliver the highest standards of care and offering best value for money e.g., by delivering compelling and informative analytics.
1. Deploy well developed communication, negotiation and influencing skills to build and maintain excellent working relationships with a broad range of internal and external stakeholders driving and challenging each key working relationship to innovate and achieve reform in accordance with agreed objectives.
1. Deal with complex and conflicting subject matter problems or in day-to-day work including the management of potentially aggressive and / or antagonistic situations with staff and stakeholders involved in delivering projects.
1. Strive for optimum engagement from staff, colleagues, and stakeholders in order to deliver required change, aiming to secure appropriate buy in, support and understanding and effective flows of information.
1. Be able to work closely with Finance and Divisional colleagues to report on Transformation and efficiency, including forecasting.
1. To model a collaborative style of working, negotiating with others to achieve the best outcomes and embedding this approach in delivery of own service.
1. Key contributor to the design and development of complex financial information systems and models that meet the requirements of the Transformation agenda and can be used across the organisation. This includes improvements related to the information systems that supports the financial tracking of the efficiency programme.
1. Ensure that data used to support projects and project areas has the appropriate checks before being used and ensuring that data quality issues are fed back to the appropriate teams.
1. Communicate clearly what information requirements are required for projects and use analytical skills to articulate requirement.
1. Be able to extract information from other Trust information sources to aid projects/project areas after training (if required).
1. Any other ad hoc duties as directed by the AD Finance Transformation / Deputy Director of Finance / Head of Finance - Transformation.
1. Will consider the most effective way to promote equality of opportunity and good working relationships in employment and service delivery and can take actions which support and promote this agenda.
Education and Training/Self-Development
1. Identify own training and development needs and undertake appropriate training/education as required.
1. Participate in an annual individual performance review process where objectives will be agreed, performance monitored, and personal development needs discussed.
1. To attend / complete online where applicable, all statutory and mandatory training as and when required to do so.
1. Act responsibly in respect of colleague’s health, safety and welfare following safe work practices and complying with the Trust’s Health and Safety Policies.
1. Adhere to all Trust Policies as applicable.
1. Any other ad hoc duties as directed by the AD Finance – Transformation / Deputy CFO – Strategy and Transformation or Head of Finance - Transformation.
