Costing & Service Line Reporting (SLR) Analyst inHuntingdon inHuntingdon PUBLISHED
FRI 11 OCT 2024
Key responsibilities include developing and maintaining the costing and reporting system, delivering complex financial analysis, ensuring compliance with national guidelines, and supporting service improvements through accurate management information. The analyst will also engage regularly with Clinical Leads to interpret costing outputs and will play a vital role in pricing and costing services for new developments and contracts. The position offers an opportunity to make significant contributions to financial sustainability and the enhancement of patient services within the organisation.
This is a 12 month contract to cover an internal secondment.
We have an exciting opportunity to join the Cambridgeshire and Peterborough NHS Foundation Trust (CPFT) Finance Costing and Income Team.
The Costing & Service Line Reporting (SLR) Analyst supports the Costing & Income Accountant in development and ongoing delivery of the costing function to include Patient Level Costing (PLICS) and Service Line Reporting.
Managing the CPFT Patient Level Costing System, developing the existing costing data and engaging with managers and clinicians to ensure PLICS is utilised effectively within our Organisation.
This is a diverse and rewarding role that will allow you to help improve our patient services, financial sustainability and assist professionals in key decision-making.
Applicants should have made significant progress towards completion of a CCAB recognised accountancy qualification with substantial costing experience who can demonstrate successful delivery of projects and service improvement.
The Costing and Income team are responsible for the development of CPFT Patient Level Information and Costing System (PLICS), which brings together patient activity with financial data. It provides a rich source of information to help understand how NHS resources are used.
Provide the costing input to the key annual financial exercises e.g. the National Cost Collection (PLICS), benchmarking and other analysis for the annual accounts.
Develop and maintain the costing and reporting system (Synergy 4), including updating and maintaining appropriate allocation methods following review with both Clinical and Non-Clinical Leads within the Trust.
Support the development, implementation and operation of Service Line Reporting (SLR) across the wider organisation to produce accurate, timely and reliable management information to facilitate Service Line Management and drive forward service improvements and efficiencies.
Strong communication and presentation skills are as important as analytical ability, as the role will need to build relationships with a wide range of stakeholders both within and outside the organisation.
Instrumental in costing of services for new developments, reconfigurations, and contract pricing as required.
Keeping up to date and interpreting the National Cost Collection Guidance for both costing methodologies and information requirements, supporting the Information & Performance Team to ensure they are adhering to the information requirements.
About us
Please refer to the attached job description and person specification for full details of responsibilities.
Reporting Financial Information for the National Cost Collection and Service Line Reporting
1. Provide the costing input to the key annual financial exercises e.g. the National Cost Collection (PLICS), benchmarking and other analysis for the annual accounts.
2. Regularly engage with and seek information from Clinical Leads to understand the services and interpret outputs from the costing system.
3. Regularly provide complex financial information and advice to colleagues.
4. Regularly analyse complex data, checking and reconciling financial information, complete calculations and investigate and advise/answer queries from staff and Managers, some of which may be contentious.
5. To analyse, investigate and present financial information and queries, which will be frequently complex in respect of expenditure trends.
6. Calculate costs for services to meet local and statutory requirements within agreed timescales.
7. Identify and challenge the status quo within own area of responsibility, finding new ways of working, advising on the economic, efficient and effective use of financial resources within the organisation.
8. Liaise with NHS England appointed auditors for the National Cost Collection, where required, providing evidence of data sources, procedures and methodology used in the supply of information to the Board and external agencies.
Working with Information Resources
9. Co-ordinate the receipt of and input of all costing and apportionment table data. Develop and maintain standardised input documentation and maintain a comprehensive procedure/notes/audit trail in respect of costing methodologies.
10. To analyse, check and reconcile complex data, check and reconcile financial and activity information, make calculations and answer complex queries from staff and Managers.
11. Make judgements on how to prepare and present relevant financial options/solutions to Budget Holders and Managers ensuring information is presented/communicated appropriately and with clarity to target audience(s), provide advice on complex business situations for planning and control purposes.
12. To determine the appropriate method of allocating and apportioning costs in order to facilitate PLICS whilst ensuring NHS Costing guidance is adhered to.
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