Lead Financial Manager

6 days ago


Twickenham, United Kingdom NIHR Full time
About the Role

We are seeking a highly skilled and dynamic Financial Manager to join our dedicated team at the National Institute for Health and Care Research (NIHR). This pivotal role involves coordinating the financial management of NIHR's extensive research funding portfolio.

Main Responsibilities
  • Financial Oversight
    • 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 to work to best practice
    • Ensuring management has access to relevant and accurate management information
  • Financial Management of the GMG Budget
    • 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
    Requirements
    • 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
    Benefits
    • Salary: £56,400 to £59,500 per annum (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


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