Senior Financial Planning Manager

Job overview

The Senior Financial Planning Manager will be the deputy head of Financial Planning and Strategy, working with the Head of Financial Planning and Strategy to ensure that the team is working well to deliver all of the team’s functions, line managing two of the three Financial Planning Managers in the team and deputising for the Head of Financial Planning and Strategy when they are not available.

The Senior Financial Planning Manager will in particular lead the team’s work on financial modelling, ensuring that the Trust can forecast the impact of changes in policy from NHS England, South East London and other ICBs or wider financial regulations on the Trust’s financial strategy and plans.

Main duties of the job

• Lead work to model the long-term financial implications of planning guidance and other developments for the Trust’s financial strategy, maintain the Trust’s Long Term Financial Model and update it as required
• Communicate the forecasts from the long-term financial modelling work to the CFO, Executive, Trust Board and regulators in Board papers, planning submissions and through aural briefing
• Support the Head of Financial Planning and Strategy and the Director of Financial Planning and Investment to work across the Trust to develop, gain approval for and submit to regulators high quality financial plans to deadlines required
• Lead work on and serve as a trusted advisor to the CFO and other senior leaders on at least two of the team’s main responsibilities of capital planning, efficiency reporting and investment approval
• Deputise for Head of Financial Planning and Strategy, leading the work of the team when the Head of Financial Planning and Strategy is not available
• Support other work across the team and the Department as required

Detailed job description and main responsibilities

Strategy and Planning

• Develop, maintain and use a long-term financial model for the Trust which captures the impact of regulator and commissioner policies on the Trust’s finances across all three key financial statements, on the Trust’s activity and workforce, and which captures the impact of the Trust’s strategic initiatives (e.g. CIP plans, service transformation, etc.)
• Understand and clearly present the implications of the long-term financial modelling for the Trust to the Deputy CFO and CFO and support them to present these implications to the Trust’s executive team and Board
• Analyse the risks associated with the Trust’s financial strategy and plans and present these clearly to senior decision makers including non-finance staff
• Work with the Head of Finance Strategy and Planning, the Director of Financial Planning and Investment and the Workforce and BIU team to develop and present to the Executive and the Board detailed operational plans including risks and opportunities and following Board approval submit plans to NHS England on time and in the correct format
• Lead Finance work with BIU and Workforce colleagues to triangulate operational plans across finance, activity and workforce before submission to NHS England
• Draw on the analysis set out in the financial strategy and plans to support the CFO to engage in discussions with the regulator and system partners about potential strategic changes, drawing out the key aspects for King’s of external proposals and presenting supporting analysis clearly
• Accountable for developing and delivering strategy, promoting innovation and supporting operational excellence in the Trust. The post holder will work with highly complex data, facts and situations requiring analysis, interpretations and comparisons on a range of options and making decisions on the most appropriate approach
• To lead the provision of financial input and advice regarding service reconfigurations and major business cases, including challenging and verifying financial assumptions being made in the local health economy to ensure that plans are made on a robust financial basis that maximise value for money
• Please refer to the JD for full details.