The Financial Analyst will contribute to the preparation of financial
management 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 Leads and 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 accounting
principles involved. Since there will be a significant involvement in developing and updating spreadsheets, advanced spreadsheet skills are required.
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.
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.
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 Relationships
Internal
R&D Office Staff
Regional Research Delivery Network Budget Holders
Trust Researchers
Research leads & Research Managers
Finance Staff at all levels of the organisation
HR Staff
External
KCL Researchers
Finance staff at the Medical School
Finance staff at other NHS bodies
National Institute of Health Research
Other grant giving bodies
