Job overview
The Financial Analyst will contribute to the preparation of financial management information including accurate R&D budgets, monthly income and expenditure reports and financial forecasts. The Financial Analyst will support the Senior Financial Analyst and R&D Finance manage by reviewing the R&D budget reports, analysing variances from plan, and ensuring that action on changes that are required is taken. The post-holder will provide information and analysis to Research Leads and support them in interpreting their finance report.
The key skills required are those for interrogating all the various sub-systems of the finance ledger and to have a good working knowledge of the operation of these systems and the basic accounting principles involved. Since there will be a significant involvement in developing and updating spreadsheets, advanced spreadsheet skills are required.
Main duties of the job
a. To generate and maintain R&D budget reports and other spreadsheet based reports in accordance with agreed timetables and department policies and procedures.
b. To review R&D budget reports and to investigate significant variances by interrogating all the financial ledger sub-systems, summarising the Updated 16 April 2014 conclusions in spreadsheet and other forms for use by the Research Finance Manager and other finance staff.
c. To prepare costing spreadsheets for budget setting and for financial planning.
d. To meet regularly with budget holders and to provide information and analysis to them. To resolve queries from research budget holders regarding financial management matters with minimal supervision.
e. To facilitate the flow of information between researchers and other departments within Finance
f. To assist with the production of external service agreements and internal recharge agreements to facilitate the development of new R&D initiatives including the Comprehensive Research Network.
g. To explain relevant regulations from the Trusts Standing Financial Instructions to individual members of staff
h. To recommend improvements and changes to local working practices
i. To comply with the requirements of the Data Protection Act with regard to the confidentiality of personal information and patient confidentiality.
j. To undertake any other duties as required, which are consistent with the grade and nature of the post.
Detailed job description and main responsibilities
a. To generate and maintain R&D budget reports and other spreadsheet based reports in accordance with agreed timetables and department policies and procedures.
b. To review R&D budget reports and to investigate significant variances by interrogating all the financial ledger sub-systems, summarising the Updated 16 April 2014 conclusions in spreadsheet and other forms for use by the Research Finance Manager and other finance staff.
c. To prepare costing spreadsheets for budget setting and for financial planning.
d. To meet regularly with budget holders and to provide information and analysis to them. To resolve queries from research budget holders regarding financial management matters with minimal supervision.
e. To facilitate the flow of information between researchers and other departments within Finance
f. To assist with the production of external service agreements and internal recharge agreements to facilitate the development of new R&D initiatives including the Comprehensive Research Network.
g. To explain relevant regulations from the Trusts Standing Financial Instructions to individual members of staff
h. To recommend improvements and changes to local working practices
i. To comply with the requirements of the Data Protection Act with regard to the confidentiality of personal information and patient confidentiality.
j. To undertake any other duties as required, which are consistent with the grade and nature of the post. Key Relationships Internal
R&D Office Staff Regional Research Delivery Network Budget Holders Trust Researchers Research leads & Research Managers Finance Staff at all levels of the organisation HR Staff
External KCL Researchers Finance staff at the Medical School Finance staff at other NHS bodies National Institute of Health Research Other grant giving bodies
Person specification
Skills
Essential
- Ability to interpret complex guidance and written research documentation
- Excellent verbal and written communication skills.
- Ability to explain to explain Finance concepts to non-finance staff
- Strong IT skills especially Microsoft Excel
- Rigorous attention to detail
Desirable
- Understanding of the concepts and methodologies used in the costing of services, including the preparation of salary estimates.
Experience
Essential
- Relevant work experience in the field of finance, research or academic research
Desirable
- Experience of working in an accounting department Knowledge and experience of working with grant applications and research contracts
Qualifications
Essential
- Relevant degree or professional qualification or equivalent experience
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Applying for this NHS job
This advert is for Financial Analyst – R&D with Guy's and St Thomas' NHS Foundation Trust in London, London, England. It is listed as a Band 5 Administrative and IT role. The advertised salary is £38,488 - £46,852 inc HCA. The contract type is Fixed term: 12 months (Maternity Cover). The application deadline is 25 Jun 2026.
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