Commercial Finance Manager

Reference:

37442LAK

Sector:

Finance, Finance Manager Finance Manager

Salary:

£35,000 to £36,000 Per Annum

Town/City:

Ruislip

Contract Type:

Part time

Date Posted:

16/03/2020 16:28:00

Role - Commercial Finance Manager - Part-time 22.5 hours a week over 3 days

Location - Ruislip

Salary - £36,000 actual (£60K pro-rata)

Are you a qualified Commercial Finance Manager with knowledge of hospital operations within the independent sector? Do you also have experience of multi-site or otherwise distributed working environments, with local profit and loss responsibility and demonstrated experience in managing change successfully within the finance function... and looking to work part time?

If so, please give me a call.

Core Responsibilities and Key Accountabilities

Monthly review

  • Alongside ED and SMT, carry out and report on a monthly review of hospital financial trends, results, operating KPIs and commentary as part of performance improvement and challenge (within SMT) to support delivery of hospital operating and financial budgets, including cost control, review of labour against the established through labour variance model, and monthly reporting to regional teams - such monthly review to be used for regional and corporate reporting and analysis
  • Facilitate departmental review of operating performance and KPI trends, so support understanding of drivers of performance
  • Payor, speciality, doctor and margin review, to support ED consultant and commissioner engagement activity (using commercial and NHS dashboards)
  • Hospital capital expenditure incurred to balance sheet Weekly review
  • Review of weekly within month forecast
  • Labour hours tools usage and reporting: sign off of various tools (e.g. length of stay, non-productive time)

Annual budget

  • Responsibility for compilation of annual budget in conjunction with ED and SMT alongside annual operating plan

Business development

  • Financial preparation of all hospital business cases, capital and operating
  • Hospital post-investment reviews

Specific areas of monitoring responsibility to support improved operational performance (alongside DOps and DCS as appropriate)

  • Hospital stock holdings
  • Compliance with the hospitals' Group agreements (missed opportunity expenditure)
  • Consultant debtors
  • Charge capture
  • Coding sheet completeness
  • Implementation of non-clinical audit recommendations
  • NHS full inclusion
  • CQUINs

Financial recording and process quality

  • Use of department consistency
  • Profit and loss chart of accounts accuracy
  • Completeness of receipting and purchase to pay cycles

Ad hoc and other responsibilities

  • Participation in peer and other assurance visits as relevant
  • Expert cross-region and cross-business analysis as relevant
  • Participation in new systems and finance process development and roll-out

Approvals

  • Operating expenditure sign off (<£10,000 responsibility alongside ED)
  • Vacancy Application Forms (appointments for salaries beneath £75,000 within budget and establishment, responsibility alongside ED)
  • Local sales and supply contracts (<£50,000, less than one year, when not conflicting with preferred or required supplier list, responsibility alongside ED)

Key Performance Indicators

  • Hospital EBITDAR for hospitals
  • Non-clinical audit ratings
  • Adherence to financial approval and authority limits
  • Timeliness, completeness and quality of financial analysis and reporting material
  • Hospital performance against cost and working capital measures (especially against labour tool requirements and stock holding targets)

Parkside Recruitment Ltd is acting as an Employment Agency in relation to this vacancy. Parkside Recruitment is an Equal Opportunities Employer.