Job Title: Finance Analyst (Fitness to Practise)

Job description

Job title: Finance Analyst (Fitness to Practise)

Reporting to: Senior Finance Business Partner (Fitness to Practise)

Salary band: D2

Role purpose

To provide, under the guidance of the Senior Finance Business Partner, financial analysis and advice as required to colleagues at all levels including senior management in Fitness to Practise and across the wider NMC. To provide a partnering and management accounting service to budget holders and senior management in the Fitness to Practise directorate.

Key accountabilities

Financial analysis

·  To produce accurate and thorough financial analysis and present in a meaningful and focused way to enable decision makers within the NMC to make fully informed and financially sound decisions.

·  To support the costing, consolidation and interdependency mapping of the annual Business Plan with budget managers and project managers in Fitness to Practise to assist with ensuring that a coherent budget is produced which aligns with the Business Plan.

·  To conduct full costing of all activities aligned to income and expenditure streams.

·  To take a lead on producing financial modelling and financial insight, feeding in to the development of the Fitness to Practise Directorate’s long term financial and fee strategy.

·  To assist the Senior Finance Business Partner by contributing to financial analysis expertise and commercial acumen to deliver robust business evaluation and monitoring of Fitness to Practise strategic priorities..

Monthly management accounts

·  To support the monthly management accounts production for the Fitness to Practise Directorate, including expenses, unit costs and other performance measures, ensuring they accurately reflect the financial position of the NMC at that time.

·  Produce, review and distribute monthly management accounts reports for the Fitness to Practise Directorate to ensure budget holders are able to make informed decisions with the budget available to them.

·  To meet Fitness to Practise Directorate budget holders on a regular basis to review actual to budget and forecast management results, gain insight and to identify and rectify variances.

·  To draft and prepare analytical commentary on the monthly reports for the Fitness to Practise Directorate.

·  To prepare and post monthly accruals, adjustments, prepayments, and other journals.

Planning budgeting and forecasting

·  To support the annual budgeting process during the budgeting cycle, setting appropriate timetables and ensuring all activities are completed by budget holders and management in the Fitness to Practise Directorate to deliver the annual budget to the required standard.

·  To assist the Senior Finance Business Partner in leading and planning the forecasting process through developing the Directorate forecasting timetable, guidance, business challenge and financial modelling.

·  To support the education of, and deliver training to, budget holders including Assistant Directors and Heads of Department, in the compilation and management of their annual budgets, project budgets, monthly forecasts, and inputs to financial models.

·  To support the provision of information and guidance to Directors, Assistant Directors and budget holders on financial matters and support and review the preparation and presentation of their business cases, plans and committee papers.

Financial systems

·  To exploit the use of financial systems (e.g. eBis, Openaccounts) to maximise efficiency and the production of information.

·  To assist in updating and maintaining cost code hierarchies for the Fitness to Practise Directorate to ensure the cost code hierarchy reflects the Directorate’s requirements.

Statutory accounts

·  To ensure that the final management results for the financial year reflect the statutory results and that appropriate audit trails are kept

·  To liaise with internal and external auditors on issues and queries relating to the management accounts

Standard responsibilities

There are a number of standard duties and responsibilities that all employees, irrespective of their role and level of seniority within the NMC, are expected to be familiar with and adhere to.

·  Comply at all times with the requirements of health and safety regulations to ensure their own wellbeing and that of their colleagues.

·  Promote and comply with NMC policies on diversity and equality both in the delivery of services and treatment of others.

·  Ensure confidentiality at all times, only releasing confidential information obtained during the course of employment to those acting in an official capacity in accordance with the provisions of the Data Protection Act 1998 and its amendments.

·  Comply with NMC protocols on the appropriate use of telephone, email and internet facilities.

·  Comply with the principles of risk management in relation to individual and corporate responsibilities.

·  Comply with NMC policies and procedures as compiled on the organisation’s intranet.

This job description is not exhaustive and as such the post holder is expected to be flexible. Any changes will only be made following a discussion with the post holder.

Person specification

Job title: Finance Analyst

Qualifications and experience

·  Part Qualified ACA/ACCA/ACMA or similar professional accounting qualification

·  Demonstrable experience of running and delivering management accounting processes

·  Advanced knowledge of Excel, including modelling and reporting

·  Competent in using Word and PowerPoint packages

·  Experience of working with staff at all levels in an organisation, including senior management

Skills and abilities

·  Ability to plan, prioritise and work to tight deadlines

·  Excellent level of numeracy, accuracy and attention to detail

·  Excellent interpersonal skills and the ability to develop a rapport with budget holders and colleagues at all levels

·  Excellent verbal and written communication skills

·  Excellent organisational skills and ability to manage conflicting priorities

·  Ability to work as part of a team and on own initiative

Personal qualities

·  A ‘can-do’ attitude and ability to roll sleeves up and take on all levels of tasks

·  Highly motivated and flexible, and take on additional assignments as the need arises

·  A self starter who is able to work with minimum supervision

·  Takes initiative and responsibility for seeing tasks through

·  Ability to get on with personnel at all levels of the organisation

·  Highly productive and results oriented

·  A commitment to and understanding of the importance of equality and diversity within the environment that the NMC operates

Resources Last updated: April 2017 Page 4 of 4