Finance Manager
Job Description
Job summary
Job purpose
The Finance Manager plays a key role in supporting Departments and Services to deliver high-quality, efficient, and sustainable services. This is achieved by:
Providing accurate financial information, advice, and challenge to ensure services operate within their resources and manage financial risks appropriately.
Leading the monthly reporting of Trust income, ensuring accuracy and ownership.
Supporting the Head of Financial Management (HoFM) in assessing business cases and cost improvement programmes (CIPs).
Identifying income generation opportunities and ensuring financial governance compliance.
Providing leadership within the Finance Team, supporting the Deputy and Chief Finance Officers, and contributing to the Trust's financial sustainability and staff development.
Main duties of the job
Job Summary
Budgeting & Planning - Align financial budgets with strategic plans.
Financial Reporting - Provide timely, accurate financial information.
Financial Advice - Support services with financial guidance and governance.
Business Cases & CIPs - Evaluate and develop financial inputs.
Leadership & Compliance - Ensure adherence to financial policies, procedures, and SFIs.
About us
THE FINANCE DEPARTMENT
The team is split by its core functions into Financial Management, Procurement, and Financial Accounting. The Trust currently outsources its general ledger functions to NHS Shared Business Services ("SBS").
Job responsibilities
Financial Strategy & Management
Advise Departments and Specialties on financial strategy, performance, risk, and investment appraisal to support resource management and business planning.
Assist in formulating and implementing the Department and Services Financial Strategy in line with the Trusts financial framework.
Financial Reporting & Risk Management
Ensure robust financial reporting to the Chief Finance Officer, Executive, and Board.
Identify and assess financial risks and opportunities, leading risk mitigation strategies.
Enhance financial management reporting to support decision-making.
Budgeting & Service Line Management
Review and develop budget policies to support Service Line Reporting and Management.
Ensure compliance with national finance policies while maximizing financial benefits and stability.
Promote best value and efficiency within Departments and Services.
Training & Compliance
Deliver Budget Management Training to budget holders.
Ensure financial standards set by regulators are met.
Maintain financial information in line with the Trusts Information Governance Toolkit.
Income & Contracting Support
Ensure clinical income is fully realized accurately and on time.
Lead monthly cash and income forecasting.
Support the Contracting team in income maximization by working with coding, information, operational, and clinical staff.
Provide financial guidance on national tariff implementation.
Financial Performance & Improvement
Present regular financial performance reports, highlighting current status and forecasted outturns.
Support financial recovery plans when services fall behind financial targets.
Engage in developing, monitoring, and delivering income, CQUINs, and cost improvement programmes.
Collaboration & Organisational Development
Support integration of financial systems as part of Trust-wide collaboration.
Ensure budgets align with Trust-wide planning principles and financial targets.
Work with Departments and Services to achieve financial targets for both pay and non-pay.
This is not an exhaustive list of duties and responsibilities, and the post holder may be required to undertake other duties which fall within the grade of the job, in discussion with the Team Manager / Service Manager.
This job description will be reviewed regularly in the light of changing service requirements and any such changes will be discussed with the post holder.
Person Specification
Qualifications
Essential
- CCAB Qualification and current professional registration or significant relevant experience.
Desirable
- Degree
- Willingness to develop through internal and external sources
Experience
Essential
- oSuitable experience in a similar role (e.g., Finance Manager).
- oSubstantial experience in a Finance department within a complex organization, including working with staff at various levels.
- oProven ability to work independently and as part of a team to meet strict deadlines.
- oExperience in coordinating workloads, delegating tasks, and motivating staff.
- oStrong background in budgeting, forecasting, and business planning.
- oExperience in developing and realizing benefits from Cost Improvement Programmes (CIPs).
- oExperience in business case development, option appraisal, or project management.
- oSubstantial experience at a Senior Financial Management level, providing detailed guidance and advice to both finance and non-finance managers.
Desirable
- oExperience of the NHS financial regime
- oExperience in working in a multi - agency and disciplinary environment
Skills
Essential
- oExcellent oral and written communication skills.
- oStrong planning and organizational abilities.
- oExceptional relationship management skills with both internal and external stakeholders.
- oAbility to maintain confidentiality.
- oStrong analytical skills, including the interpretation of complex data for management reporting.
- oAbility to demonstrate flexibility and adapt to changing environments and work priorities.
Desirable
- oExperience of working on content management systems, such as Oracle and BI
- oAble to produce manipulate data
Knowledge
Essential
- oStrong working knowledge of financial computer systems.
- oIn-depth understanding of accounting procedures.
- oAbility to identify problems, gather relevant information, and provide effective solutions.
- oCommercial awareness with insight into the economic environment impacting the NHS.
- oDetailed knowledge of the NHS Trust financial regime.
- oProficient in IT, including intermediate knowledge of Microsoft Office and advanced Excel for analysis and planning.
- oComprehensive knowledge of the NHS and NHS Trusts, including financial frameworks and budgetary control techniques.
Desirable
- oDetailed knowledge of relevant technical accounting requirements (e.g. lease assessment under IRFS)
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Certificate of Sponsorship
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
UK Registration
Applicants must have current UK professional registration. For further information please see NHS Careers website (opens in a new window).
Employer details
Employer name
Tavistock and Portman NHS Foundation Trust
Address
Tavistock Centre/Hybrid Working
120 Belsize Lane, London NW3 5BA
London
NW3 5BA
