Finance Careers with Mid Essex Hospital Services NHS Trust

About Finance

The Trusts Finance Department provides a comprehensive financial management and financial accounting service.  With an annual turnover of £200m, monthly cash outflows and inflows of about £16m, average cash balances of about £10m a month, capital investment planned to be £14.7m and internal and external reporting requirements, the Department is a busy and dynamic environment.   The department has a key role in supporting the Divisions manage their business and to this end Divisional Finance Managers and their teams are aligned to specific Divisions.  This is the key point of access to the department for budget holders.

The team is headed by Philippa Lowe, Executive Director of Finance, IM&T and Information.  As well as being a member of the board and the executive team Philippa has a large portfolio including IM&T services, clinical coding and information services.  Philippa has a wealth of experience in Local Government and the NHS and has been CEO in previous roles.  Within Finance she is supported by a senior team of a Deputy Director, 3 Assistant Directors and a financial controller.

The finance team is playing an important part in the development of the Trust and the services it provides to its customers. Our aim is to staff the finance function with high calibre finance professionals who will actively participate in the development of the finance function and the Trust.

The Finance Department covers 4 distinct areas.

Financial Management

  • Financial management support to the Divisions and corporate areas
  • Budget setting and business planning including support to the Divisions
  • Production of monthly management accounts reports including the Trust Board report.
  • Preparation of external returns to the SHA and other stakeholders
  • Support with the development of business cases etc
  • Income Reporting for Divisions

 Income and Commissioning

  • Income collection
  • Income Reporting for Trust
  • Service Line Reporting
  • Support of commercial services in contractual negotiations with Healthcare commissioners
  • Reference Costs
  • Supporting Financial Management with business cases and investment proposals with specific relation to income.

Foundation Trust Application, Capital Expenditure and Strategy

  • Capital expenditure monitoring
  • Capital planning
  • Support to Capital Planning Group
  • Strategic Planning
  • FT Finance Section
  • “Turnaround” Support

Financial Controller

  • Audit Committee Support
  • Management of Auditors Local Evaluation process (ALE)
  • Treasury management (cash management and investments)
  • Balance Sheet Reporting
  • ESSA Contract Management
  • Management of internal and external audit relationships and contracts.