Finance Manager

Job Title: Finance Manager    

Salary: £50,000- £60,000 per annum 

Hours: 37.5 hours per week

Responsible to: Head of Finance    

Key Relationships:     

31 General Practices: 4 PCNs, WL ICB, Central London Borough Team, Westminster City Council, Bi-Borough (West London), Central and North West London NHS Foundation Trust (CNWL), Central London Community Healthcare NHS Trust (CLCH), One Westminster, Imperial College Health Partners.

BACKGROUND

Healthcare Central London Ltd (HCL) is a federation of 32 General Practices and 4 Primary Care Networks (PCNS) in Westminster caring for more than 275,000 registered patients. We provide Community and Primary Care services to our local residents, in addition to a wide range of staffing, management and administrative support to our member practices. By working closely with our PCNs and other key partners, including the Local Authority and community Organisations, we help people to stay well and live healthier lives for longer.

We operate Federation-led services including Respiratory and Spirometry hubs; Community Cardiology; Community Dermatology; Community Diabetes service; Access E-hub and Enhanced Access and we support PCNs with managing their NWL single offer contract of services and the National Network DES contract, including ARRS roles.

We are proud to have a unique model of community-led care and support to tackle imbalances and inequality in the system called ‘The Octopus’ and takes us on a journey as part of the Westminster Integrated Neighborhood Team (INT)

We work collaboratively with other partners in the commercial sector including joint ventures; research and consultancy.

Our approach is to deliver exceptional assistance to our 32 General Practice members and to operate our NHS contracts in a manner that supports our Practices and their patients by providing services economically, locally, promptly and in a familiar environment.

Our employees work flexibly according to the needs of our customers, typically onsite at our practices, or hub sites including South Westminster Centre or at our office at Capital House near Edgeware Road tube station.

HCL's company values:

Compassionate - We listen respectfully, offer the opportunity for different viewpoints and are kind to each other.

Accountable - We work with integrity, taking accountability for our work to achieve the highest quality outcomes.

Resilient - We listen and with this feedback, we constantly build and improve.

Pioneering - We champion change, embrace creativity and promote innovation and new ways of working.

Aspirational - We nurture and motivate so our people are enabled to reach their full potential.

ROLE PURPOSE

Supporting the Director of Finance and Resource and Head of Finance to deliver accurate and timely accounts, costings and saving initiatives to drive profitability, revenue growth and manage cash flow, the Management accountant will manage the finance team of two, leading on best practice, development and finance process improvement ensuring that timely financial results and reporting are delivered for the group.  Responsibilities include managing the full month end process, overseeing payroll, reporting, balance sheet reconciliation, weekly payments, accounts receivable and deputising for the Head of Finance.

This role will also work as a business partner to our Service Managers, providing commercial and intuitive financial advice and support, enabling/equipping to manage contract income accurately and achieve budgets.  Supporting on financial modelling for new services, budgeting and forecasting and providing detailed analysis on projects will also be essential elements of the role. 

KEY TASKS AND RESPONSIBILITIES

Generalist Skills:

Possess strong generalist financial skills with a broad understanding of finance functions.

Ability to adapt and contribute to various financial aspects within the organisation.

Financial Reporting and Analysis:

Prepare monthly management accounts, including variance analysis against budgets and forecasts.

Develop and maintain financial dashboards for performance monitoring.

Support senior management with ad-hoc financial reporting.

Month End Process

Manage the full month end process cycle making sure its completed within timetable

Detailed commentary on material variances to Forecast/Budget.

Detailed monthly balance sheet reconciliations with review with HOF/FD

Budgeting and Forecasting:

Collaborate with department heads to develop annual budgets.

Prepare forecasts and analyse potential financial risks.

Provide insights and recommendations based on budget variances.

Cost Management:

Monitor and control operational costs.

Conduct profitability analysis of products, services, or projects.

Support cost-saving initiatives and provide financial advice to stakeholders.

Compliance and Control:

Ensure compliance with financial regulations and internal policies.

Maintain accurate records for audits and regulatory requirements.

Assist with year-end closing and liaise with external auditors.

Process Improvement:

Identify inefficiencies in accounts payable processes and propose improvements.

Assist in the implementation of automated systems for invoice processing.

Line Management and Staff Development:

Provide effective line management for the finance team, fostering a positive working environment.

Support staff development through training, mentoring, and performance management.

Qualifications:

Bachelor’s degree in accounting, finance, economics, or a related field.

Professional qualification or certification (e.g., CIMA, ACCA) or significant progress toward completion.

Understanding of NHS-specific finance systems and structures is an advantage.

Proven experience in a senior finance role, preferably within the healthcare sector.

Excellent leadership and interpersonal skills.

Advanced proficiency in financial modelling and data analysis tools.

Experience leading external audits and payroll processes, ideally with some previous experience of identifying and implementing new payroll systems/ providers.

If you are a strategic finance leader with a passion for healthcare, have experience within the hospital Trust or private Healthcare landscape and possess the skills and experience outlined above, we invite you to apply for this exciting opportunity. Join our team and contribute to the financial success of our organisation in providing innovative primary care services in Central London.

NHS Pension

Modern office

Possibility of some Hybrid working

Free tea/coffee etc.

Cycle to work scheme

Life Assurance scheme

EAP