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Specialist Finance Analyst
2 months ago
We are seeking a highly skilled Financial Management Specialist to join our Finance Team at Cambridgeshire Community Services NHS Trust. As a Specialist Finance Analyst, you will play a key role in providing financial expertise and support to our organization.
Key ResponsibilitiesFinancial Management
- Liaise with other finance staff to ensure the production of timely, accurate, and reliable financial information on a monthly basis.
- Comply with all delegated responsibilities in respect of the monthly closedown timetable, including the production of draft reports for review, prompt investigation of variances, and correction of errors.
- Support the production of reliable forecasts in agreement with appropriate budget holders and the Senior Financial Analyst.
- Provide accurate and comprehensive monthly financial performance information (Finance Dashboards) for services within your area of responsibility.
Cost and Contract Accounting
- Support the Cost and Income Accountant in completing business cases, service line reporting, and cost reviews by providing cost information as appropriate for areas of your responsibility.
- Understand the financial implications of customer contracts and liaise with the Contracts Team and external stakeholders to assess compliance and the impact of contract variations.
Financial Planning
- Support Service Managers and the Assistant Director of Finance in the production of the business plan for the services by providing financial input as required.
- Ensure the annual income and expenditure budgets for services within your area of responsibility are completed on time and in agreement with appropriate Managers.
- Ensure a full audit trail for all budget changes for services within your area of responsibility is maintained.
- Assist in the development of Cost and Income Improvement Programme (CIIP) proposals, establishment of feasibility, and timescales of delivery.
Financial Control
- Ensure adherence to robust financial controls by budget holders within your area of responsibility.
- Maintain the integrity of the ledger at all times.
- Support the Head of Finance in the implementation of internal and external audit recommendations.
- Support the Director of Finance and Local Counter Fraud Specialist in promoting an anti-fraud culture, identifying potential cases of fraud, and ensuring internal controls are adhered to, in order to minimize the opportunities for fraud.
Information Management
- Design Excel spreadsheets (sometimes with complex functions) for financial reporting and analysis with support from the Senior Finance Analyst.
Communication
- Day-to-day liaison with other finance staff to ensure achievement of common objectives.
- Have regular meetings with budget holders and other finance staff to review working practices, resolve problems, and identify improvements.
- Support Service Managers within your area of responsibility in the analysis and interpretation of financial information and the implications of financial policies.
- Be able to explain complex financial information to non-finance Managers.
- Deliver informal budget and financial management training to budget holders and other non-finance staff.
Quality and Leadership
- Ensure you remain up-to-date on technical knowledge and other appropriate issues.
- Maintain your own professional development and participate in the appraisal and Knowledge and Skills Framework (KSF) process.
- Review, suggest changes to, and implement accounting and financial policies and procedures on an ongoing basis.
Clinical and Practice Governance
- Observe and maintain strict confidentiality with regards to any patient/family/staff/records and information in line with the requirements of the Data Protection Act.
- Adhere to the Trust risk assessment and risk management processes.
- Adhere to infection control policies and procedures.
- Participate in clinical and safeguarding as required.
- Participate in relevant emergency preparedness.
- Represent finance at service meetings as required.