Senior Financial Operations Manager

3 weeks ago

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

The National Institute for Health and Care Research (NIHR) is a key entity funded by the Department of Health and Social Care (DHSC). Our mission is to collaborate with the NHS, academic institutions, local authorities, various research financiers, patients, and the community to facilitate and conduct leading-edge health and social care research that enhances public health and fosters economic development.

Opportunity for a Senior Financial Operations Manager

Are you prepared to oversee a vibrant financial portfolio and guide a committed team towards achieving excellence? We are in search of a proficient and proactive Financial Operations Manager to join our esteemed organization. This crucial position entails managing the financial oversight of NIHR's broad research funding portfolio.

In this role, you will spearhead the financial management of a varied array of NIHR/DHSC awards, in addition to significant projects for our distinguished clients. Lead a diverse team of 10 professionals, including 3 direct reports, to ensure seamless daily operations. You will be accountable for the GMG's financial plan, providing essential support for business growth initiatives. Propel success by establishing and monitoring key performance indicators.

Key Responsibilities

Financial Management for a Diverse Research Portfolio of NIHR/DH and NHS England Awards

  • Accountable for the precision, quality, and timely completion of quarterly financial reports and expenditure forecasts for the research budgets managed by the CCF.
  • Collaborate closely with colleagues in the DH SRED Directorate to comprehend DH's financial reporting and monitoring needs, developing reporting frameworks and processes that meet these requirements efficiently.
  • Ensure the existence of appropriate systems for issuing contracts and variations to contracts (VTCs) and oversee the performance of program teams in managing these systems.
  • Implement systems and operational enhancements to continuously advance the finance function, particularly in managing and establishing research budgets within program teams.
  • Ensure robust systems are in place to evaluate the cost information provided in research funding applications, guaranteeing optimal value for money for research funded by NIHR/DH and NHS England.
  • Foster and enhance the financial acumen of finance team members and staff in program teams, developing their skills in monitoring and forecasting research budgets.
  • Lead finance initiatives of strategic significance to stakeholders and support efforts to ensure consistency of GMG processes with other research financiers (including other NIHR Coordinating Centres).
  • Supervise the finance and contracts team to adhere to best practices, ensuring that policies and standard operating procedures are established for effective financial monitoring, reporting, and forecasting, while promoting a culture of excellence and quality assurance.
  • Actively contribute to the continuous professional development of staff.
  • Ensure that the CCF's senior management team has access to relevant and accurate management information.

Financial Oversight of the GMG Budget

In this capacity, you will assist the Assistant Director in ensuring that the budget (£19m PA) is managed in accordance with the requirements of the LGC Divisional and Group Finance teams and stakeholders:

  • Collaborate with the LGC Divisional Finance team to ensure the accurate production of a monthly P&L for GMG, addressing accounting issues as necessary.
  • Contribute to the Divisional reporting package, including providing a monthly analysis of performance against budget and reporting outcomes.
  • Ensure timely and accurate invoicing for customers.
  • Prepare an annual budget and quarterly forecasts for GMG in partnership with the Divisional Finance team.
  • Monitor and report on variances/trends and advise leadership on potential actions.
  • Provide financial support for securing new business, developing cost and pricing models to support required margins, constructing justifications for investment, and assessing realized benefits.
  • Ensure that the senior management team has access to relevant and accurate management information.

Cost Analysis

  • Collaborate with the business to identify cost drivers.
  • Develop a cost model to estimate expenses required for new and existing business areas.
  • Continuously assess the model and propose modifications as necessary.
  • Support the business in utilizing the model effectively.

Qualifications & Experience

Essential Criteria

  • Qualified accountant (ACA, ACCA, or CIMA) with substantial post-qualification experience, ideally in both public sector and commercial settings.
  • Experience and understanding of managing research finances in an NHS and/or HEI context.
  • Strong technical application of financial accounting skills.
  • Prior experience and responsibility for divisional reporting requirements.
  • Proven ability to build strong working relationships with operational teams.
  • Experience in taking a significant role in systems implementation is advantageous.
  • Experience in creating and leading robust and sophisticated processes, ideally in a research funding context.
  • Experience in leading and developing team members.

Key Competencies and Attributes

  • Expertise in financial modeling and forecasting.
  • Ability to mentor, develop, and empower team members.
  • Comfortable working in a demanding and evolving environment; adaptable to changing needs.
  • Effective communicator with the ability to establish credibility with key stakeholders.
  • Analytical mindset with the ability to challenge data and individuals.
  • Comfortable serving as an organizational lead and subject matter expert.

Additional Skills and Abilities

  • Strong communication skills.
  • Excellent planning and organizational capabilities.
  • Well-developed written and presentation skills.

Compensation & Benefits

£56,400+ PA

Bonus - subject to company performance.

25 days annual leave, plus public holidays.

Enhanced contributory pension scheme.

Life Insurance.

Benenden Healthcare.

Season Ticket Loan.

Laptop, IT equipment, and remote IT support.

This role offers a hybrid working arrangement with an expectation for employees to attend the office a minimum of two to three days a week.

Application Process

If you are enthusiastic about the opportunity to join our team and believe you possess the relevant skills and experience, we encourage you to apply. Please submit your CV along with a 'Statement of Suitability' that highlights your key skills and experiences in relation to the 'Essential Criteria' outlined in the job description. Additionally, express your enthusiasm for working with NIHR.

EQUAL OPPORTUNITIES

LGC is committed to ensuring that every job applicant and employee is valued for their unique talents, regardless of age, disability, race, color, ethnic or national origin, sex, sexual orientation, gender reassignment, marital or civil partnership status, pregnancy or maternity, religion, or belief. Shortlisting, interviewing, and selection will always be conducted without regard to gender, sexual orientation, marital status, color, race, nationality, ethnic or national origins, religion or belief, age, or trade union membership.

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