Senior Financial Operations Manager

3 weeks ago


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

The National Institute for Health and Care Research is a prominent entity funded by the Department of Health and Social Care. We collaborate with the NHS, academic institutions, local authorities, various research financiers, patients, and the general public. The NIHR is dedicated to funding, enabling, and executing top-tier health and social care research aimed at enhancing public health and wellbeing while fostering economic development.

Opportunity for a Senior Financial Operations Manager

Are you prepared to oversee a vibrant financial portfolio and guide a committed team towards excellence? This crucial position involves managing the financial operations of NIHR and coordinating the financial management of our extensive research funding portfolio.

In this role, you will spearhead the financial dimensions of a varied portfolio of NIHR/DHSC awards, alongside significant projects for our valued stakeholders. Lead a diverse team of 10, including 3 direct reports, to ensure efficient daily operations. You will be accountable for the GMG's budget, providing essential support for business development initiatives. Propel success by establishing and monitoring key performance indicators.

Main Responsibilities

Financial Oversight for a Comprehensive Research Portfolio

  • Accountability for the precision, quality, and timely completion of quarterly financial reports and expenditure forecasts for the research budgets.
  • Collaborate closely with colleagues to comprehend financial reporting and monitoring needs, developing appropriate reporting structures and processes.
  • Ensure the establishment of effective systems for issuing contracts and amendments.
  • Implement operational enhancements to continuously advance the finance function.
  • Guarantee robust systems are in place to evaluate cost information provided in research funding applications, ensuring optimal value for money.
  • Lead financial initiatives of strategic significance to stakeholders.
  • Supervise the finance and contracts team to adhere to best practices.
  • Ensure management has access to relevant and accurate financial information.

Financial Management of the GMG Budget

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

  • Collaborate with the LGC Divisional Finance team to ensure the accurate monthly production of a P&L for GMG, addressing accounting issues as necessary.
  • Contribute to the Divisional reporting package, including providing monthly performance commentary against the budget.
  • Ensure timely and accurate invoicing for customers.
  • Prepare an annual budget and quarterly forecasts for GMG.
  • Monitor and report on variances/trends, advising leadership accordingly.
  • Provide financial support for securing new business, developing cost and pricing models.
  • Ensure management has access to relevant and accurate financial information.

Cost Modelling

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

Qualifications & Experience

Essential Criteria

  • Qualified accountant (ACA, ACCA, or CIMA) with substantial post-qualification experience.
  • Experience in managing research finances within an NHS and/or HEI environment.
  • 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 playing a significant role in systems implementation is advantageous.
  • Experience in creating and leading robust, sophisticated processes.
  • Expertise in financial modelling and forecasting.
  • Able to coach, develop, and empower team members.
  • Comfortable working in a fast-paced and evolving environment.
  • Effective communicator with the ability to establish credibility with key stakeholders.
  • Analytical mindset with the capability to challenge figures and personnel.
  • Comfortable serving as an organizational 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 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 and possess the relevant skills and background, 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.



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