About this role
Job summary
The Financial Analyst will contribute to the preparation of financialmanagement 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 Leadsand 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 accountingprinciples 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.
About us
The Finance Department is based in Great Dover Street, and the post holder will be expected to work across multiple sites and buildings, attending external meetings as required. The position will be Hybrid split 2 days in the office/3 days working from home.
The R&D Finance team is part of the Financial Income and Planning team. The R&D Finance team provides financial support, both operational and strategic, to the Trust's R&D Directorate and hosted research networks.
Job description Job 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 RelationshipsInternal
R&D Office StaffRegional Research Delivery Network Budget HoldersTrust ResearchersResearch leads & Research ManagersFinance Staff at all levels of the organisationHR Staff
ExternalKCL ResearchersFinance staff at the Medical SchoolFinance staff at other NHS bodiesNational Institute of Health Research Other grant giving bodies
Person Specification
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
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.
Disclosure and Barring Service Check This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Certificate of Sponsorship Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
Employer details Employer name Guy's and St Thomas' NHS Foundation Trust
Address Guy's and St Thomas' NHS Foundation Trust
R&D Department, 16th Floor Guy’s Tower. Guy’s Hospital
London
SE1 9RT
United Kingdom
Employer's website https://www.guysandstthomas.nhs.uk/careers/careers.aspx (Opens in a new tab)