Financial Governance Specialist

3 weeks ago


Lincoln, Lincolnshire, United Kingdom Lincolnshire Community Health Service NHS Trust Full time

Position Overview

The Financial Governance Specialist plays a crucial role in supporting the Finance and Business Intelligence division's commitment to establishing a robust framework of financial oversight. This position ensures that financial data is managed in compliance with applicable accounting principles, legal requirements, and regulatory deadlines. This foundational work is essential for generating insights that enhance patient care delivery.

This role directly impacts patient services by fostering an environment of financial integrity and governance, while also being instrumental in the efficient procurement of goods and services for patient care, as well as the compensation of staff who provide essential support.

The incumbent will serve as a primary resource for the Lead Financial Accountant, facilitating communication with external stakeholders in financial services, payroll, procurement, fraud prevention, and both internal and external audits.

Key Responsibilities

Collaborating within a diverse team, the Financial Governance Specialist is tasked with ensuring the delivery of high-quality, sustainable financial services that promote fiscal responsibility, operational effectiveness, and a positive organizational image. Continuous improvement in service delivery across the organization is a priority.

The role is integral to the Finance and Business Intelligence division's mission of fostering a culture of financial assurance and compliance with relevant accounting standards and legal obligations. This is vital for generating insights that support high-quality patient care.

Responsibilities include maintaining a focus on systems, processes, culture, performance, and behaviors in a flexible manner to meet business needs and priorities.

The postholder will ensure that appropriate financial accounting systems and processes are established and followed, possess the technical acumen to analyze, interpret, and provide guidance on complex financial inquiries, and play a key role in the preparation and completion of statutory financial statements and reports.

This position will also provide essential support to the Lead Financial Accountant in liaising with external partners regarding financial services, payroll, procurement, fraud prevention, and audit matters.

About Lincolnshire Community Health Services NHS Trust

We are pleased to announce an opportunity within Lincolnshire Community Health Services NHS Trust (LCHS). Our dedicated staff serve thousands of individuals daily across various community settings, including hospitals, clinics, schools, and patients' homes.

The integrated Finance and Business Intelligence division is seeking a Financial Governance Specialist who will work collaboratively across the organization and the broader system, contributing value and technical expertise to operational and strategic initiatives while guiding long-term financial direction.

Our workforce is our greatest asset. LCHS promotes a flexible, family-friendly work environment. We prioritize results over mere presence in the workplace. Our comprehensive Health and Wellbeing program offers a variety of resources to support employees facing diverse challenges. We also provide exceptional leadership and professional development opportunities, including access to internal training programs, external courses, apprenticeships, and a coaching initiative at the system level.

Job Duties

- Collaborate with the Lead Financial Accountant to formulate and implement effective financial policies and procedures that ensure the Trust's financial stability, mitigate risks, and optimize resource utilization.

- Establish and uphold necessary systems, controls, and procedures to deliver a high level of assurance, as validated by internal audits, and ensure compliance with established financial regulations.

- Ensure that relevant financial accounting systems and processes are in place and adhered to, possessing the expertise to analyze, interpret, and advise on complex financial matters, and take a lead role in preparing and finalizing statutory accounts and reports.

- Provide guidance on current technical accounting developments to management and finance personnel.

- Make informed judgments on financial decisions, including interpreting organizational policies and understanding the implications of decisions on the Trust's core activities.

- Manage treasury functions in accordance with relevant policies and procedures.

- Serve as a key support to the Lead Financial Accountant in producing statutory annual accounts in line with guidelines and timelines, including detailed reporting to relevant authorities.

- Ensure that appropriate financial governance policies and procedures are in place to support effective financial management.

- Assist the Lead Financial Accountant with external audit processes, including interim and final audits, and work closely with auditors to integrate new accounting standards and best practices into the Finance function.

- Collaborate across the Finance and Business Intelligence division, the Trust, and the wider system, adding value and technical expertise to operational and strategic initiatives while informing long-term financial direction.

- Undertake additional responsibilities commensurate with the level and seniority of the position.

Qualifications and Skills

Essential

  • Professional Accountancy Qualifications - postgraduate Diploma Level or equivalent experience
  • Evidence of recent and relevant Continuing Professional Development (CPD)

Skills and Competencies

Essential

  • Ability to convey and receive complex information
  • Experience in discussing intricate financial queries with staff, suppliers, and internal stakeholders, including addressing sensitive issues such as payment delays
  • Proficient in analyzing complex situations requiring interpretation and comparison of various options
  • Strong persuasive, motivational, negotiation, and training skills

Knowledge

Essential

  • Specialized knowledge and expertise in one or more areas of financial management
  • Ability to provide detailed advice and guidance to both finance and non-finance managers on complex issues

Desirable

  • Understanding of NHS financial regulations and legislation, including VAT rules, and ensuring organizational compliance

Experience

Essential

  • Experience negotiating with NHS and external organizations regarding costs and service issues
  • Involvement in long-term financial planning and adapting to tax and legislative changes
  • Ability to analyze complex financial trends involving multiple data streams and develop strategic and operational financial forecasts
  • Experience in planning and organizing complex activities or programs, making necessary adjustments to meet organizational requirements and ensure targets are achieved

Desirable

  • Familiarity with e-Financials systems

Attributes

Essential

  • Willingness to travel as required
  • Excellent verbal and written communication skills

Personal Qualities

Essential

  • Commitment to the values and principles of LCHS


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