Costing, Currency and Financial Transformation Lead
Job summary
Looking for flexible work in the NHS?
The Flexi-Bank is a collaborative staff bank hosted by Royal Surrey NHS Foundation Trust in partnership with Surrey and Borders Partnership NHS Foundation Trust, offering greater choice, flexibility and access to a wider range of opportunities across both organizations.
Why join the Flexi-Bank?
Work flexibly - choose shifts that suit your lifestyle and availability
Access more opportunities - pick up shifts across mental health, community and acute care settings
Get paid fairly and on time - competitive rates and fast access to earnings through Stream
Stay supported - benefit from training, development and guidance from our dedicated Temporary Staffing Team
Be part of something bigger - join a growing collaborative of NHS Trusts across Surrey
Main duties of the job
Surrey and Borders is looking for someone who provides strategic support for the Trust's costing, currency and service line reporting agenda, ensuring the Trust is prepared for emerging NHS payment models while supporting delivery of the Trust's transformation work. The postholder will work with the current team to develop and maintain the programme's unit-cost library, produce activity and currency-based costing models, financially evaluate productivity opportunities and establish a robust benefits realisation methodology. They will ensure that all financial opportunities are supported by transparent assumptions, reconciled data and appropriate Finance assurance.
Working across t Finance, BI, SITI and clinical divisions, the post holder will ensure that all financial opportunities are evidence-based, appropriately classified and capable of being reconciled to the Trust's ledger, PLICS and National Cost Collection information. The role supplements rather than replaces existing statutory costing, financial reporting and Finance Transformation responsibilities.
Working Pattern: Weekdays from 9:00AM to 17:00 PM
Duration: 12 months fixed
About us
Surrey and Borders Partnership NHS Foundation Trust is the leading provider of health and social care services for people of all ages with mental ill-health and learning disabilities in Surrey and North East Hampshire. We provide support to a population of 1.3 million across 140 services.
We actively seek to engage people who use our services and our communities in improving the mental wellbeing of the local population. We work closely with other NHS and voluntary sector organisations who provide services and support people who use services and carers.
Job description
Job responsibilities
Key Responsibilities
Costing, Value and Service Line Reporting (SLR)
Lead the development and maintenance of the programmes unit-cost library and currency-costing models, drawing on PLICS, the National Cost Collection and existing Finance processes.
Lead the management and development of local pricing strategies that support the clinical and financial sustainability of services.
Develop a routine approach to benchmarking the Trust's service costs and productivity data to identify and drive internal value opportunities.
Use costing information to support long-term financial sustainability across all services and contracts.
Oversee the continuous development of costing information to support PLICS implementation and the link to the national costing and payment system, linking into relevant regional and national networks.
Enhance the dissemination and understanding of key productivity and costing information and support the requirement to embed this within existing financial reporting.
Advise the Board and its sub-committees on known or proposed changes to NHS national costing guidance, highlighting risks and recommending mitigating action as appropriate.
Currency Development and Readiness
Lead the Trust's preparation for emerging NHS currency and payment models, ensuring organisational readiness for future national policy changes.
Develop robust activity and costing information to support the design, testing and implementation of new currencies.
Work with commissioners, ICS partners and regional networks to interpret and respond to developments in mental health currencies and payment approaches.
Ensure the Trust understands the financial implications, risks and opportunities associated with changes to national payment mechanisms.
Advise executive leaders on the strategic impact of changes to currency design and reimbursement models.
Finance Systems
Work with the Finance Team and Digital Team to maximise the Trust's use of core systems (e.g. clinical activity, outsourced data, finance and HR systems) in support of costing.
Work with Business Intelligence (BI) to develop dashboards illustrating the relationship between activity, cost, income, service contribution, and net operating position.
Service Development
Support the Trust's Strategy by contributing to initiatives that build financial awareness, costing knowledge, and SLR capability.
Support the Trust's contribution to national costing methodology and services by engaging with external groups and contributing to policy development.
Support the ongoing training and development of the Finance and SITI teams, ensuring staff maintain the skills and continuing professional development needed to deliver a high-quality service.
Benefits Realisation
Support the Trust PMO and SITI Team in developing a financially informed benefits realisation methodology.
Ensure that benefits are clearly classified as cash-releasing, cost avoidance, capacity-releasing, income protection or quality improvement, with agreed baselines, assumptions and named operational owners.
Undertake complex financial analysis of services and business cases, making recommendations on managing financial risk, achieving best value, and redesigning services where appropriate.
Ensure transformation projects are tracked and updated within the Financial Model.
Deliver and analyse financial monitoring across the Transformation Programme, providing financial reports and forecasts on programme performance and progress, and highlighting remedial action where required.
SITI Liaison and Continuous Improvement
Actively promote a culture of continuous improvement at all levels, in line with the Trust's values and objectives, leading by example and supporting staff through education, coaching, mentoring, and training.
Provide a comprehensive financial advisory and planning service to the SITI team, supporting their role in driving quality and efficiency improvements across the Trust.
Ensure appropriate financial assurance is applied to opportunities and benefits arising from the Integrated Productivity and Currency Readiness Programme.
Person Specification
Qualifications
- Educated to Masters in a relevant area or equivalent experience
- CCAB Accountancy Qualification
- Evidence of maintaining and developing technical accounting expertise
- Evidence of continuing professional development
- Higher level degree or post graduate level management qualification
Experience
- Significant demonstrable experience of financial management, including knowledge of key accounting practice, principles and standards
- Significant experience of developing, applying and utilising costing practice and methodologies to develop data to drive organisational change.
- Experience of successfully working with and engaging with senior clinicians, operational managers and other stakeholders to understand data and develop action plans.
- Experience of benchmarking, analysing results, data visualisation and presenting opportunities, using a range of complex data sources.
- Experience of developing or leading on the development of benchmarking and productivity dashboards.
Knowledge
- Experience of developing or leading on the development of benchmarking and productivity dashboards
- Understanding of NHS finance regime with an expert knowledge of financial and accounting procedures.
- Significant experience of NHS costing, financial modelling, benefits evaluation or service-line reporting
- Knowledge of NHS financial policy
- NHS Payments mechanism
- Financial modelling techniques
- Power BI and SQL
- Understanding of Mental health currencies.
Change Management & Quality improvement
- Quality improvement certificate or willingness to develop
- Experience working with or into a Transformation Function
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Certificate of Sponsorship
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website.
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants.
Employer details
Employer name
Royal Surrey NHS Foundation Trust
Address
18 Mole Business Park
Randalls Rd
Leatherhead
KT22 7AD
United Kingdom
Employer's website
https://www.royalsurrey.nhs.uk/