IMPACT Finance Manager

This role will sit within the Provider Collaborative hub and report to the IMPACT Business Manager. Professional finance support and development opportunities will come from the NHFT Finance Directorate.

The IMPACT Finance function will oversee the financial performance for East Midlands Adult Secure Mental Health services, ensuring systems are in place for robust financial control and promoting best value for money.

To avoid conflicts of interest and maintain the 'Chinese' Wall between the Lead Provider and other Providers within the Provider Collaborative, the post holder will be required to sign a confidentiality agreement.

This role is responsible for accurate and timely financial reporting of IMPACT (Provider Collaborative) activities and is the is lead finance representative in the negotiation and monitoring of contracts commissioned by IMPACT.

The post holder will be an integral member of the IMPACT management team, providing support and appropriate financial advice on a range of issues applicable to the function.

To manage and develop finance staff on a day to day basis and deputise for the Head of Finance Corporate Services when required as appropriate to this role. To act as finance lead on a range of projects., Utilise in depth specialist knowledge of business, legislative and NHS environment to assist in developing proposals and production of plans and recommendations which impact on IMPACT's Financial Strategy
Forecast activity and expenditure against the local and national strategic bed plans.
Align the financial and clinical model and agree quality outcomes targets to facilitate financial modelling.

Business Support

Develop and manage influential relationships with key customers and other stakeholders such as provider collaborative partners and Integrated Care Systems in order to obtain business intelligence and to provide specialist financial and commercial advice.
Evaluation of complex proposals and to influence the development of broader policy across IMPACT.
Lead on financial planning and input to the IMPACT's integrated business plan.
Model the financial costs of service re-design proposals across the Collaborative ensuring that they are viable options that offer best value.
Manipulate data from various systems to validate payments.
Ensure the timely and accurate payment of all invoices for SLAs and ad hoc expenditure, and the accurate recording of the same.
Co-develop financial incentives that focus on high quality and clinically effective patient outcomes.
To be the lead finance representative in contract management and negotiation.

Policy

Direct the development, implementation and monitoring of compliance with Trust financial policy to ensure that best practice is disseminated, and IMPACT policy is consistent with Trust strategy.
To interpret the impact of National or Organisational Policy and prepare and respond to this.

Line Management

Direct, lead and motivate the finance staff reporting to the post holder.
Recruit and train new members of staff where appropriate.
Appraise staff and identify their training and development needs in order to maximise their potential and the contribution they make to the Organisation.

Systems & Performance Improvement

Actively participates in improving systems or structures within the finance, performance and contracting department.
Developing changes to business-wide structures and monitoring their success.
Developing detailed and accurate reports from General Ledger and other highly complex IT systems.

Relationship Management

Seek out and develop relationships with key professional and clinical contacts - to represent the interests of IMPACT and the Trust and to facilitate the exchange of information and the provision of informed financial advice.
Engage with clinical colleagues to facilitate the capture of up to date information for forecasting and reporting purposes.
Ability to broker compromise with managers when competing for scarce resources.
Fulfill the role of Senior Finance Lead in the IMPACT senior leadership team
Attend each provider quarterly contract review meeting

Plan Setting

In conjunction with appropriate IMPACT managers, prepare and set plans for relevant areas including service re-design and improvement plans, in accordance with timetables as agreed with the Programme Director.
Refresh budgets in line with national guidance and Trust guidance.
Refresh budgets and Financial Plan as required following adjustments by the NHSE to the IMPACT financial envelope, in line with national guidance and Trust guidance

Financial Reporting

Design appropriate financial reporting templates that sit within the integrated performance report and ensure that there is good oversight and governance for the IMPACT senior team.
Present this information to the Senior Team.
Identify and report against the key financial risks and mitigations and ensure that these feed into the IMPACT risk register.
Ensure the preparation of accurate and timely financial reports for IMPACT. To review, interpret and present accounts and reports, ensuring that work meets best practice standards and is used appropriately to support proposals and recommendations for decision-making.
Inform senior finance colleagues of the current and forecast position of expenditure under the post holders management, and any associated risks.
Regular reconciliation between Commissioning Finance reports and the general ledger to validate the budget reports, including any quality incentive schemes.
Contribute to the timely and accurate completion of the annual accounts
Inform senior finance colleagues of the current actual YTD and forecast out-turn position for income and expenditure under the post holder's management, analyse the variances and any associated risks.

Business Case & Tender Development

Contribute to the results of the commissioning function by analysing complex problems relating to business case production. Make judgements on financial risk where there is no precedent and where opinions may conflict.
Use complex tools in order to model various scenarios and benchmark services.
Internal and external deadlines are successfully met, and the individual plays an integral part of project team with clinicians, operational managers and corporate services.
Ability to write financial elements within Full Business Cases/contracts/specifications as they are developed across the team.

Ad hoc

Contribute to the results of the commissioning function by analysing complex problems relating to business case production. Make judgements on financial risk where there is no precedent and where opinions may conflict.
Use complex tools in order to model various scenarios and benchmark services.
Ability to write financial elements within Full Business Cases/contracts/specifications as they are developed across the team, To ensure all managers in the designated function fully understand the financial information presented to them, identifying and implementing any training needs as necessary.

a) Self

To demonstrate continuing professional development, through development of knowledge, skills and keeping up to date with professional practice.

IMPACT is a newly formed Provider Collaborative, taking on the responsibilities of commissioning Adult Secure Mental Health services for the East Midlands Region. IMPACT is hosted by Nottinghamshire Healthcare NHS Foundation Trust (NHFT) and comprises nine provider organisations, both NHS and independent sector., Nottinghamshire Healthcare employs over 10,000 colleagues who help #MakeADifference every day. We provide intellectual disability, mental health, community health, forensic and offender healthcare services across Nottinghamshire, Leicestershire, Lincolnshire and South Yorkshire. Care is delivered from over 120 sites within the community from acute settings and across low, medium and high secure environments including prisons.

As one of the largest mental health and community trusts in the East Midlands and one of the biggest employers in Nottinghamshire. We are also home to national and regional services such as the National High Secure Deaf Service and the Nottingham Centre for Transgender Health.

We are committed to flexible and agile working, including the opportunity to join our bank.

Your health and wellbeing is our priority and as such we invest significantly in this via our in-house Occupational Health Service, Staff Counselling Service and Health and Wellbeing Team.

We offer a number of employee-led staff networks, including Equality, Diversity and Inclusion (EDI) groups, our Green Champions Network, Freedom to Speak Up Network. Health and Wellbeing Champions Network and Menopause Champions. We provide care to a diverse range of communities and are passionate about supporting diversity and inclusion in the Trust.

If you believe in our values of Trust, Honesty, Respect, Compassion and Teamwork, then we would love to hear from you!