Finance Business Partner

JOB SUMMARY

The Finance Business Partner supports Client in meeting the financial and operational objectives to ensure the business is managed to the standards expected. The Finance Business Partner provides a link between the Executive Management, Business Units, Corporate departments and the Finance Team in relation to all finance functions and processes, ensuring robust financial controls and business analysis.

KEY ROLE ACCOUNTABILITIES

• Works with designated business units to improve communication, efficiency and effectiveness of finance processes, policies and procedures, and to share specialist knowledge as appropriate.
• Proactively works with the Client department Chief(s) and Directors, liaising with Finance to ensure that the Finance function becomes embedded in the business and provides value adding and innovative finance related advice and support.
• Works collaboratively with the hospital departments and Finance to provide specialist finance support services and information (e.g., budgeting, forecasting, preparation of various financial reports and regulatory requirements, etc.) as and when required.
• Negotiates the departmental budget to achieve a robust and defendable outcome for the relevant Chief.
• Develops business plans and develops forecasts as needed in conjunction with budget holders.
• Influences the strategic direction of Chief level stakeholders in how resources should be allocated and consumed to reach Clients planning objectives.
• Provides operational departments with financial performance information to assist decision making and ensure managers achieve objectives (e.g. KPIs, peer benchmark data, best practice).
• Sets departmental KPIs with key stakeholders as needed,
• Provides recommendations, and implements, changes to financial planning and budgeting based on industry best practices ,
• Supports the Finance Costing section by determining and providing apportionment / allocation data, calculates accurate service & product line costs.
• Ensures that the overall finance related processes are conducted in an efficient and effective manner.
• Builds and maintains strong and effective relationships with the all other related units to achieve Clients goals/objectives.
• Integrating HR, Support Services, IT, and Finance activities across multi-disciplinary teams to achieve objectives for the departmental Chief.
• When required coordinates with internal and external auditors, and provide all required information to the concerned parties in order to facilitate the preparation of internal and external audit reports.
• Complies with Clients set policies, procedures, management and regulatory requirements, and International Financial Reporting Standards (IFRS).
• Coaches and educates department heads on finance related activity including the use of financial tools and information.
• Stays abreast of the latest Finance related leading practices.
• Prepares and generates required reports, under the directions of the Director - Financial Reporting and Budgeting.
• Keeps the Director - Financial Reporting and Budgeting informed of significant issues that may jeopardize the achievement of Clients goals.
• Deputizes for the Director - Financial Reporting and Budgeting as appropriate.
• Identifies areas for professional development, act to enhance professional development of self & others and maintains professional affiliations.
• Ensures high standards of confidentiality to safeguard commercially sensitive information.
• Advises on business planning assumptions, trade-offs and opportunities.
• Provides ad-hoc analysis and insights to department heads on finance-specific issues.
• Develops effective controls around processes where appropriate.
• Communicates effectively with internal and external stakeholders.
• Responds to queries, suggestions and complaints at a high level when necessary.
• Attends management and staff meetings as required.
• Adheres to Clients standards as they appear in the Code of Conduct and Conflict of Interest policies
• Adheres to and promotes Clients Values
• In view of the evolving needs and opportunities within Client, this position may be required to perform other duties as assigned and reporting relationships may vary.

WORK ENVIRONMENT THE ROLE OPERATES IN

• Work is normally performed in an office environment
• No or very limited physical effort is required
• No or very little exposure to physical risk

Education

Essential -Bachelors degree in Accountancy, Finance or Business Management (not online or distance learning)

Experience

Essential

• 8+ Years of progressive experience in finance mainly in a large organization, of which 5+ years of similar or related experience in financial management or management accounts in a large operational healthcare facility
• Experience working with budget holders in budget planning, setting, controlling & monitoring
• Experience of financial forecasting
• Experience explaining complex financial information to non-finance colleagues
• Experience of managing & recruiting a team
• Experience of financial forecasting
• Experience explaining complex financial information to non-finance colleagues
• Experience of managing & recruiting a team

Preferred

• Experienced in all-round finance for example Management accounts, General Ledger, Accounts Payable & receivable, Payroll and treasury function is highly desirable
• Experience in an organization with well-developed main stream ERP system
• Experience of presenting & discussing monthly management reports to chief/head of business units or to executive directors on 1:1 basis and at a business unit board meeting level.

Certification and Licensure

Qualified Accountant such as ACCA, ACA,CIMA, CGA, CPA, CIPFA or Masters in Finance or Business Administration, with post qualification experience of 2+ year

Job Specific Skills and Abilities

• Knowledge of Budgeting and Forecasting
• Knowledge of Financial Management
• Advisory & Consultation skill
• Knowledge of Compliance & Regulatory Requirement
• Knowledge of Financial & Risk Analysis
• Demonstrated planning and time management skill
• Ability to deal confidently and diplomatically with colleagues at all levels, and with external contacts, including the handling of confidential/sensitive information
• Demonstrated ability in healthcare financial accounting and reporting
• Demonstrated ability with report writing tools.
• Demonstrated commitment to personal development (CPD)
• Professional proactive attitude
• Demonstrated advanced skills with ERP systems
• Proficiency with Microsoft Office suite
• Fluency in written and spoken English