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Lead Financial Manager

2 months ago

Twickenham, United Kingdom NIHR (National Institute for Health and Care Research) Full time

The National Institute for Health and Care Research is funded by the Department of Health and Social Care. We work in partnership with the NHS, universities, local government, other research funders, patients, and the public. The NIHR funds, enables, and delivers world-leading health and social care research that improves people's health and wellbeing and promotes economic growth.


Exciting Opportunity for a Lead Financial Manager

Are you ready to take charge of a dynamic financial portfolio and lead a dedicated team to success? Join us as and play a pivotal role in running and growing our financial operations NIHR is seeking a highly skilled and dynamic Finance Manager to join our dedicated team. This pivotal role involves coordinating the financial management of NIHR’s extensive research funding portfolio.


In role, you will take the lead in running the financial aspects of a diverse portfolio of NIHR/DHSC awards, alongside key projects for our esteemed clients. Lead a diverse team of 10, including 3 direct reports, to ensure smooth daily operations. Be responsible for the GMG’s budget, providing critical support for business development initiatives. Drive success by developing and running key performance indicators.


We are seeking a qualified accountant with exceptional communication skills, capable of influencing senior decision-makers and offering strategic insights across GMG. As a tried leader, you will inspire and develop your team while leading the daily operations of the department.


Main Responsibilities

Financial Oversight for a Comprehensive Research Portfolio of NIHR/DH and NHS England Awards

  • Accountability for the quality, accuracy and timely completion of quarterly outturns and forecasts of expenditure for the research budgets
  • Working closely with colleagues to understand financial reporting and monitoring requirements and to develop reporting structures and processes
  • Ensuring that there are appropriate systems for issuing contracts and variations to contracts
  • Implementation of systems and operational improvements to continually develop the finance function
  • Ensure robust systems are in place to review the cost information provided in research funding applications, in order to ensure the best value for money. for research funded by NIHR/DH and NHS England
  • To lead on finance initiatives of strategic importance to customers
  • Supervise the finance and contracts team work to best practice
  • Ensuring management has access to relevant and accurate management information


Financial Management of the GMG Budget

In this position you will be supporting the Assistant Director in ensuring that the budget (£19m PA) is managed in line with the requirements of the LGC Divisional and Group Finance teams and customers:


  • Working with the LGC Divisional Finance team to ensure that an accurate P&L for GMG is produced on a monthly basis, resolving accounting issues, as required
  • Contributing to the Divisional reporting pack, including providing a monthly commentary on performance versus budget, and reporting performance.
  • Ensuring that customers are invoiced in a timely and accurate manner
  • Preparing an annual budget and quarterly forecasting for GMG
  • Monitoring and reporting on variances/trend and advising leadership
  • Providing financial support for winning new business, producing cost and pricing models
  • Ensuring that management has access to relevant and accurate management information


Cost modelling

  • Work with the business to identify cost drivers
  • Develop a cost model to estimate cost required for new and existing areas of the business
  • Continuously evaluate the model and propose changes when necessary
  • Support the business in the use of the model


Qualifications & Experience

Required Criteria

  • Qualified accountant (ACA, ACCA or CIMA) with significant post qualification experience
  • Experience of management of research finances in an NHS and/or HEI setting
  • Good technical application of financial accounting skills
  • Previous experience and responsibility for divisional reporting requirements
  • Validated experience of building strong working relationships with operational teams
  • Experience of taking a significant role in systems implementation would be advantageous
  • Experience of creating and leading robust and sophisticated processes
  • Expertise in financial modelling and forecasting
  • Ability to coach, develop and empower people
  • Comfortable working in a demanding and evolving environment
  • Capable communicator with ability to establish credibility with key customers
  • Analytical approach and ability to challenge numbers and people
  • Comfortable working as an organisational lead and subject matter expert


Salary & Benefits

£56,400 to £59,500 PA (higher for exceptional candidates)

Bonus - subject to company performance

25 days annual leave, plus public holidays (UK)

Enhanced contributory pension scheme

Life Insurance

Benenden Healthcare

Season Ticket Loan

Laptop, IT equipment and remote IT support

This is a Twickenham office based, home working (hybrid) role with an expectation for all employees to attend our offices a minimum of two to three days a week.


NB: Closing date for applications is 30th August. Interviews to be held from 09th September.


Application

If you are excited about the prospect of joining our team and believe you possess the relevant skills and background, we invite you to apply. Please submit your CV along with a 'Statement of Suitability' that showcases your key skills and experiences in relation to the 'Required Criteria' outlined in the job description. Additionally, share your enthusiasm for working with NIHR.