Job summary
- Main area
- Finance
- Grade
- Band 6
- Contract
- Permanent
- Hours
- Full time - 37.5 hours per week (Monday - Friday)
- Job ref
- 275-2411C-SLR
- Employer
- Medway NHS Foundation Trust
- Employer type
- NHS
- Site
- Medway Hospital
- Town
- Gillingham
- Salary
- £37,338 - £44,962 per annum/pro rata
- Salary period
- Yearly
- Closing
- 15/12/2024 23:59
Employer heading
Costing and SLR Analyst
Band 6
Do you have the ambition and vision to deliver the Best of Care by the Best People?
Here at Medway, we pride ourselves on working together as one to ensure that our shared vision of Better, Best, Brilliant is achieved
Our Trust is a great choice for people who want to develop their career in an ambitious and dynamic environment; our employees are able to choose the coverage and supplemental benefits that best fit their needs and those of their families. This includes the promotion of flexible working opportunities across the Trust, we are able to give our employees flexibility on where, when and the hours they work.
Our culture and values are what drives Medway NHS Foundation Trust and is the heartbeat of who we are as an organisation. It is important that you understand and to refer to our values when you are completing your application and always reflect our values throughout your employment with the Trust.
Job overview
Costing & Service Line Reporting Analyst
Division: Corporate
Care Group: Finance
Band: 6
Salary: £37,338 - £44,962 per annum/pro rata
Interview Date: Thursday 6th January 2025
Please note this role is Fixed term/Secondment for 12 months
We are recruiting for a Costing & Service Line Reporting Analyst who shares our ambition and vision to deliver the Best of Care by the Best People and has the drive to take us forward, by ensuring that the Trust continues to be the first choice for patients and our staff.
Main duties of the job
The Costing & Service Line Reporting Analyst will assist with the implementation and ongoing management of the patient level costing system (PLICS) to deliver Service Line Reporting and National Costing submissions.
The post holder, reporting to the Head of Costing and SLR, will work closely with Senior Clinicians, General Managers and the Finance Team to identify the cost drivers attributed to the different elements of patient care to ensure the Trust is working efficiently, effectively and economically in the provision of patient care and providing value for money to the wider NHS economy.
The Costing & Service Line Reporting Analyst will work closely with the information team to provide the information required for Trust Board and Finance Committee reporting.
The Costing & Service Line Reporting Analyst will provide key information for further analysis into specialty and patient procedures that will be used to produce reports to the Finance Committee indicating where services are making a contribution to the Trust’s overall financial position and opportunities for improvement.
The post holder will have excellent communication skills and be able to discuss financial and technical issues with staff at all levels and all disciplines.
The post holder will provide a responsive, professional, high quality, customer focused service to the Finance Department and the Clinical Directorates.
Working for our organisation
Do you have the ambition and vision to deliver our mission of the Best of Care by the Best of People providing excellent care, every time?
Here at Medway, we pride ourselves on working together as one to ensure that our shared vision is achieved for our patients.
As a key partner in the healthcare of our local population, we are keen to deliver this as an outcome of our Trust-wide strategy – Patient First. Using an Operational Excellence approach to align our priorities and operational management structures, we are just over a year and half into our Patient First deployment. We are looking for creative, skilled people to join our Transformation Team and further support us on this journey.
Our culture and values define us here at Medway NHS Foundation Trust and are the heartbeat of who we are as an organisation.
Our BEST values underpin Patient First and are at the core of the care we give to our patients, the support we offer to our staff and our overall leadership approach:
B – Bold
E – Every person counts
S – Sharing and open
T - Together
Our Trust is a great choice for people who want to develop their career in an ambitious and dynamic environment; our employees are able to choose the coverage and supplemental benefits that best fit their needs and those of their families. This includes the promotion of flexible working opportunities across the Trust.
Detailed job description and main responsibilities
To support the Head of Costing and SLR with the delivery of a robust costing system that can be used to support clinical directorates and the finance team to identify efficiencies and ensure value for money is being provided to the NHS.
Support the Costing and SLR Manager in the completion and submission of National Cost collections and benchmarking returns. To ensure all cost allocations are made appropriately and are in line with national and Trust guidance and timescales.
Continually review the guidance issued by NHS E/I to ensure the costing principles are being adhered to and that the costing system is updated for any changes to the guidance. Updating procedure notes where necessary.
Provide assurance to the Costing and SLR Manager of the quality of data provided/downloaded to the costing system, working closely with Management Accountants and Information staff to identify ways to improve data quality.
To liaise with internal and external auditors providing evidence and back up of data sources, procedures and methodology used in the supply of information to the board and external agencies.
To work with key operational and clinical staff to continuously improve the Trust’s Patient Level Costing (PLICS) system, for example to routinely review the allocations and estimations that are used.
To assist in the preparation and analysis of complex Service Level Reports, including exception reporting and narrative to Trust senior executives and the Trust Board in line with internal and external deadlines/timescales.
To work with Operational Directors and managers to provide innovative, comprehensive reports as required (often on an adhoc basis) to meet the needs of Divisional Management Teams, Directors Meetings, CCG contracts, and any other purpose. Skills will be required to negotiate and persuade managers where there are likely to be barriers to their understanding.
Review and analyse new guidance relating to the National Cost Collection, PBR, SLR and other regimes to assess the impact on the costing system, producing timetables for submissions in agreement with other parties involved.
To analyse published benchmarking data for the Trust against other similar organisations to gauge value for money and robustness of information. Use findings to suggest updates to future processes and to inform best practice.
Work closely with managers and Directors to provide complex financial input into business cases, tenders and contracts.
To assist the Costing and SLR Manager with the application of audit and counter fraud recommendations where necessary.
Responsible for day to day system maintenance of the PLICS system including any required upgrades or developments
The role requires frequent prolonged concentration to read, understand and interpret guidance and analyse outputs from the costing system.
Any other duties required, including a wide variety of ad hoc reporting, as determined by the Finance Director, involving investigation and analysis across the full breadth of the Trust’s clinical and non-clinical activities
Person specification
Qualifications
Essential criteria
- CCAB Professional Qualification with relevant experience or qualification by experience
- Educated to Degree level or equivalent experience
Desirable criteria
- Costing Experience
Knowledge
Essential criteria
- Working knowledge of the NHS Financial environment.
- Knowledge of NHS Information systems, Data Dictionary, Clinical Coding and HRG standards
Desirable criteria
- Up to date knowledge of current guidance(NHS) costing/National cost collection
- Knowledge and experience of using specialist costing software and tools, in particular CostMaster, Power BI and SQL.
Experience
Essential criteria
- Experience of working in the NHS Finance environment, preferably within the Acute Sector
- Experience in budgetary control and financial planning
- Prior experience of financial systems and/or accounting systems.
- Proven track record of working successfully to tight deadlines.
- Experience of developing a range of reports for operational and functional managers
Desirable criteria
- Experience of costing and pricing of services within the NHS
- Experience of providing detailed advice and guidance to senior staff
Skills
Essential criteria
- Ability to undertake a wide range of highly complex and competing activities and specialist work across teams and present results within very strict deadlines
- Strong analytical skills including the ability to communicate financial matters efficiently & effectively to non-finance staff
- Strong interpersonal skills with proven ability to communicate effectively
- Able to use initiative in order to improve processes
Desirable criteria
- Experienced user of Windows, Excel & Word are essential and Access is desirable
- Ability to handle an extensive amount of information (detailed), analyse and package to the appropriate audience.
Values Based Question
Essential criteria
- How would you ensure you represent MFT in a positive way?
Employer certification / accreditation badges
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Documents to download
Further details / informal visits contact
- Name
- Kiran Sharma
- Job title
- Head of Costing and SLR
- Email address
- [email protected]
- Telephone number
- 07887371979
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