Divisional Finance Manager (FP&A & Financial Management)
St George’s University Hospitals NHS Foundation Trust
Total years of experience :15 years, 11 Months
Strategic Financial Management:
• Oversee a £180 million+ budget encompassing Overheads division (Corporate, Estates, and Facilities directorate).
• Identify and analyse financial variances, recommending corrective actions to optimize performance and minimize risk.
• Translate budget constraints into clear terms for informed decision-making, utilising complex modelling to extract valuable insights from diverse data sources.
• Lead benchmarking initiatives to discover and deliver productivity improvements within services.
• Prepare feasibility studies and cost-benefit analyses for business cases to assess project viability.
• Maintain a collaborative business partner relationship with budget holders and business managers.
• Actively engage and influence stakeholders to ensure service alignment with organisational priorities.
• Management of 4 staf directly. Financial Reporting and Forecasting:
• Generate and manage monthly management accounts, ensuring accuracy and timeliness.
• Accurate management reporting monthly to budget holders including Senior management using financial dashboards.
• Create rolling monthly financial forecasts with verified operational data.
• Assist with liquidity management strategies.
• Develop downside financial plans, identifying risks and opportunities mitigating potential financial risks.
• Report on various dashboards for internal and external stakeholders. Capital Management:
• Ensure the Capital Register accurately reflects all Directorate capital assets.
• Guarantee accurate recharge of capital expenditures to individual projects, minimizing audit concerns.
• Create costing spreadsheets for budget setting and financial planning.
• Advise budget holders on revenue implications and funding requirements for capital acquisitions.
• Report on various capital projects, including acquisitions, infrastructure, and large-scale construction projects.
• Ensure expenditure categorization and capitalization as per Trusts guidelines. Budgeting and Planning:
• Regularly meet with budget holders, directors, and senior managers to provide information and analysis.
• Collaborate with Budget Managers to identify and implement QIPP savings initiatives.
• Participate in and contribute to annual business planning and budget-setting processes.
• Develop and support associated business processes, aiming for continuous improvement through lean management principles.
• Ensure leadership, including directors, adheres to Trust policies.
Strategic Financial Leadership:
• Led a £80M+ budget across Estates, and Facilities directorate.
• Analysed financial data, identified risks, and recommended corrective actions to optimize performance.
• Translated complex financial information into actionable insights for informed decision making.
• Led benchmarking initiatives to improve service productivity.
• Fostered strong partnerships with stakeholders, ensuring service alignment with Trust priorities.
• Managed a team of 2 finance professionals. Financial Reporting & Forecasting Expertise:
• Delivered accurate and timely monthly management accounts and financial dashboards.
• Created rolling forecasts based on verified data and assisted with liquidity management strategies.
• Developed downside financial plans to mitigate risks.
• Prepared detailed reports highlighting key trends, opportunities, and risks. Capital Management Champion:
• Ensured accurate Capital Register and capital expenditure chargebacks.
• Created costing spreadsheets for budgeting and financial planning.
• Advised on capital acquisition funding and revenue implications.
• Reported on capital projects and ensured proper expenditure categorization. Budgeting & Planning Proactive Contributor:
• Partnered to identify and implement QIPP savings initiatives.
• Participated in annual planning and budget-setting processes.
• Championed continuous improvement through lean management principles.
• Reconciled monthly budget movements and proactively participated in various projects.
Strategic Financial Management:
• Managed a £60 million+ budget dedicated to unplanned care services.
• Conducted regular analysis to identify and understand financial variances.
• Presented clear reports explaining variances to service managers and budget holders.
• Developed and implemented corrective actions to optimize performance and manage costs.
• Prepared accurate and timely monthly management accounts for stakeholders. Collaboration and Communication:
• Held regular meetings with budget holders and business managers to discuss financial performance and challenges.
• Collaborated with cross-functional teams to address financial issues and identify improvements.
• Provided timely recommendations and guidance to ensure responsible budget management. Planning and Process Improvement:
• Contributed to the annual business planning process and budget setting activities.
• Assisted in identifying and implementing QIPP savings opportunities within unplanned care.
• Championed process improvement initiatives through lean management principles.
• Partnered with stakeholders to align services with organizational priorities. Key Improvements:
• Developed costing spreadsheets for budget setting and financial planning.
• Delivered informed recommendations and analysis to support informed decision-making.
• Supported budget holders in understanding financial implications and opportunities.
Strategic Financial Management:
• Managed a £50 million+ budget for a UK-wide Academies portfolio.
• Analysed financial variances, reported reasons to stakeholders, and recommended corrective actions to optimize performance.
• Developed 5-year financial plans and forecasts for new contract bids, including diverse scenario analysis using Business intelligence (BI).
• Analysed business cases to assess capital expenditure and asset management impact.
• Preparing rolling budgets on existing models or zero-based budgets for business case
• Created cost-benefit analyses and collaborated with budget holders on aligned financial plans. Advanced Financial Planning & Analysis:
• Performed bi-annual, annual, and 5-year financial planning using advanced modelling tools like Monte Carlo simulations.
• Presented monthly performance reports to senior management, highlighting key trends and insights.
• Translated complex financial data into actionable information for informed decision making including Profitability analysis and return on investment (ROI) Operational Eficiency & Control:
• Prepared monthly management accounts, ensuring accurate reporting and audit compliance.
• Managed receivables and debt collection to maintain portfolio liquidity.
• Performed quarterly budget re-forecasts and adjustments.
• Identified and recommended divestment of loss-making cost centres. Collaborative Partnerships & Reporting:
• Business partnering to build strong relationships with budget holders and business managers.
• Developed data analysis tools for clear and impactful financial data visualisations.
• Reported portfolio performance under IFRS standards to parent companies in both UK and France. Key Improvements:
• Implemented new tendering and contract award processes, increasing cost savings.
• Developed advanced financial modelling capabilities, enhancing decision-making accuracy.
• Streamlined reporting processes, improving data transparency and accessibility.
Strategic Financial Management:
• Manage and optimize a £100 million budget across Operations, Asset Management, and Infrastructure for 200 cost centres.
• Drive profit growth by identifying and implementing cost-saving initiatives through detailed financial analysis and forecasting.
• Provide clear and actionable financial insights to senior management, facilitating informed decision-making.
• Actively partner with department heads and budget holders to develop and execute efective cost-improvement plans. Financial Modelling & Analysis Expertise:
• Develop sophisticated financial models for cost improvement plans and project proposals.
• Conduct regular financial forecasting and analysis to identify and address spending trends, variances, and cost pressures.
• Provide expert input on costing, pricing, and financial planning, driving value through strategic contract reviews and price renegotiations. Communication & Negotiation Prowess:
• Secure crucial buy-in from senior stakeholders by efectively communicating complex financial information and persuasively advocating for strategic actions.
• Successfully negotiate with external organizations on critical cost and service issues.
• Partner on bidding and securing new projects, leveraging financial analysis to assess viability. Project & Investment Appraisal:
• Analyse business cases to assess the impact of capital expenditures and asset management decisions on overall business health.
• Assist budget holders in crafting winning project proposals and guide them through the investment appraisal process.
• Evaluate business cases using proven techniques, ensuring sound financial decisions are made. Advanced Reporting & Compliance:
• Generate compliant and informative reports under IFRS standards, highlighting key performance indicators and driving improvement initiatives.
• Manage the capital expenditure process eficiently, maximizing value and ensuring regulatory adherence. Key Achievements:
• Secured a £3.5 million contract through efective bidding and negotiations.
• Led a business case resulting in £100, 000 in internal savings through strategic restructuring.
Strategic Financial Management:
• Managed a comprehensive £50 million+ budget encompassing Asset Management, Operations, IT, Community Maintenance, Business Development, and the London Procurement Program.
• Provided proactive financial guidance to budget holders, translating challenges into actionable insights through data analysis and complex business modelling.
• Identified and investigated financial variances, promptly recommending corrective actions to optimize performance. Financial Reporting & Performance Management:
• Delivered timely and accurate monthly management accounts, incorporating accrual and prepayment adjustments for enhanced reliability.
• Conducted regular financial forecasts and analysis, proactively addressing spending trends and cost pressures.
• Developed robust business cases with detailed cost analyses to support informed decision-making. Collaborative Partnership & Communication:
• Built strong relationships with budget holders and business managers through regular meetings and open communication.
• Championed continuous process improvement, streamlining month-end reporting and reducing cycle time by 40%.
• Leveraged data analysis tools like Crystal, QlikView, and Excel (VBA) to deliver clear and impactful financial insights.
• Efectively resolved financial management queries from across the department, fostering knowledge sharing and collaboration. Key Achievements:
• Spearheaded the IT Laptops Business Case, realizing £3 million in annual fixed cost savings.
• Streamlined month-end reporting, reducing cycle time by 2 days and enhancing team eficiency.
Strategic Financial Management:
• Prepared accurate monthly management accounts, incorporating prepayments and accruals for financial integrity.
• Analyse and investigated financial variances, reported findings to stakeholders, and recommended corrective actions to minimize budget deviations.
• Assisted in annual business planning and budget setting, ensuring timely completion and alignment with strategic objectives.
• Supported budget holders in identifying and achieving CIP savings targets, monitored monthly delivery, and reconciled budget movements for accurate resource allocation. Financial Reporting and Forecasting:
• Conducted monthly financial forecasts and analysis, proactively identifying and proposing solutions for significant overspending to maintain financial stability.
• Developed new reports with trend data and month-on-month comparisons to enhance financial transparency and data-driven decision-making.
• Delivered accurate monthly pay and non-pay reports to the Site and Group board of directors, and external stakeholders, ensuring compliance and accountability.
• Maintained and updated the pay budget system, ensuring accurate payroll allocations for new starters, inter-cost centre movements, and miscoded staf, fostering smooth financial operations. Collaboration and Communication:
• Provided training to budget holders on interpreting financial reports and efectively utilizing the financial reporting system, promoting financial literacy and collaboration.
• Deputized for the Business Support Manager at various meetings, responding to ad hoc requests from stakeholders, and fostering open communication channels within the finance team. Achievements:
• Delivered £80k in additional CIP savings, exceeding targets and contributing to operational eficiency.
• Led the successful in-house transition of the staf booking system, minimizing service disruption and reducing costs across departments, demonstrating efective change management and cost optimization skills.
• Increased the accuracy of Pay and Non-Pay reports for internal and external reporting by ensuring accurate cost categorization and enhancing data integrity and trust.
Strategic Financial Management:
• Prepared accurate monthly management accounts, incorporating prepayments and accruals for financial integrity.
• Analyse and investigated financial variances, reported findings to stakeholders, and recommended corrective actions to minimize budget deviations.
• Assisted in annual business planning and budget setting, ensuring timely completion and alignment with strategic objectives.
• Supported budget holders in identifying and achieving CIP savings targets, monitored monthly delivery, and reconciled budget movements for accurate resource allocation. Financial Reporting and Forecasting:
• Conducted monthly financial forecasts and analysis, proactively identifying and proposing solutions for significant overspending to maintain financial stability.
• Developed new reports with trend data and month-on-month comparisons to enhance financial transparency and data-driven decision-making.
• Delivered accurate monthly pay and non-pay reports to the Site and Group board of directors, and external stakeholders, ensuring compliance and accountability.
• Maintained and updated the pay budget system, ensuring accurate payroll allocations for new starters, inter-cost centre movements, and miscoded staf, fostering smooth financial operations. Collaboration and Communication:
• Provided training to budget holders on interpreting financial reports and efectively utilizing the financial reporting system, promoting financial literacy and collaboration.
• Deputized for the Business Support Manager at various meetings, responding to ad hoc requests from stakeholders, and fostering open communication channels within the finance team. Achievements:
• Delivered £80k in additional CIP savings, exceeding targets and contributing to operational eficiency.
• Led the successful in-house transition of the staf booking system, minimizing service disruption and reducing costs across departments, demonstrating efective change management and cost optimization skills.
• Increased the accuracy of Pay and Non-Pay reports for internal and external reporting by ensuring accurate cost categorization and enhancing data integrity and trust.
Financial Reporting & Analysis:
• Delivered timely and accurate monthly management accounts: Provided clear financial snapshots for informed decision-making.
• Created regular and ad-hoc performance reports: Kept stakeholders informed with essential business metrics.
• Analysed and presented key performance indicators (KPIs): Tracked progress against goals and identified areas for improvement.
• Produced variance analysis reports: Explained deviations from budget and took corrective action when needed.
• Prepared and reviewed profit & loss (P&L) and balance sheets: Ensured financial statements were accurate and reliable.
• Created year-end income and expenditure forecasts: Helped plan and manage future financial performance. Financial Operations:
• Reconciled and recharged intercompany transactions: Maintained accurate financial records across diferent entities.
• Contributed to weekly performance reports: Provided valuable insights into current business standing.
• Assisted with budget preparation: Collaborated in creating realistic and achievable financial plans.
• Performed balance sheet reconciliations: Ensured accuracy and integrity of financial data.
• Managed daily takings balancing: Assisted with safeguarding and recording cash flow.
• Handled accounts payable and receivable: Streamlined financial processes and ensured timely payments.
• Managed treasury activities and day-to-day cash flow: Optimized cash resources for maximum benefit.
• Maintained budget records and reconciliation controls: Guaranteed budget adherence and accountability. Achievements:
• Achieved monthly break-even within 2-3 weeks consistently: Demonstrated strong financial management skills.
• Increased revenue by over £10 million through diversification: Contributed significantly to business growth.