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Job summary

Main area
Managed Services and Commercial Finance
Grade
Band 8b
Contract
Permanent
Hours
Full time - 37.5 hours per week
Job ref
318-26-T0681-A(e)
Employer
Gloucestershire Hospitals NHS Foundation Trust
Employer type
NHS
Site
Trustwide (Cheltenham General Hospital and Gloucester Royal Hospital)
Town
Gloucestershire
Salary
£66,582 - £77,368 (pa, pro rata if part-time)
Salary period
Yearly
Closing
29/11/2026 23:59

Employer heading

Gloucestershire Hospitals NHS Foundation Trust logo

Senior Finance Manager - Managed Services and Commercial Finance

Band 8b

At Gloucestershire Hospitals, our people are at the heart of everything we do. As the county’s largest employer, we are proud to provide high-quality acute, elective, and specialist services to more than 650,000 people across our county. Our care is delivered across Gloucestershire Royal, Cheltenham General and Stroud Maternity Hospital.

With over 9,000 employees representing more than 95 nationalities, bringing together a mix of cultures and experiences to the care that we deliver. Whether you’re beginning your NHS journey or looking to take the next step in your career, this is an exciting time to join us. We’re investing heavily in innovation, research, and transformation, with more than 100 active clinical studies and major developments underway across our hospitals.

We take pride in working as one team, driven by a shared ambition to grow, develop, and continually improve. Every contribution is valued and by combining our collective strengths, we support not only our diverse communities but one another. You can expect a warm, supportive culture and colleagues who are passionate about teamwork, professional development and delivering exceptional care. We offer structured development programmes, mentoring and leadership opportunities to help you progress in your career.

We are committed to fostering an inclusive environment where everyone feels they belong. By joining our Trust, you will benefit from a comprehensive package that includes flexible working opportunities, generous annual leave, the NHS pension scheme, competitive bank rates, local discounts, access to on-site nurseries, reduced public transport costs, reward and recognition schemes and a wide range of health and wellbeing initiatives.

Be part of Gloucestershire Hospitals, explore your future with us today.

Job overview

This is an exciting new role which will provide senior financial and commercial leadership for complex business cases and major managed service arrangements, acting as the finance lead across the full commercial lifecycle. The postholder will lead the financial workstream from initial scoping and option appraisal through procurement strategy, tender evaluation, business case approval, contract mobilisation and benefits realisation.

Main duties of the job

Working autonomously with senior stakeholders, the postholder will provide robust financial governance, value for money assessment, affordability analysis, business case development, financial modelling, contract due diligence and commercial challenge to support sound investment decisions and secure sustainable financial outcomes for the Trust.

The role will work closely with Finance Business Partners, Procurement, Clinical Services, Operational Leads, Legal Advisors and external suppliers to ensure that procurement and transformation cases are financially robust, commercially deliverable and compliant with NHS financial governance, HM Treasury guidance and public-sector procurement requirements.

Working for our organisation

This role sits in a high performing finance team which has achieved Level 2 One NHS Finance Towards Excellence Accreditation, illustrating a culture where staff feel appreciated and successes are celebrated.

Detailed job description and main responsibilities

Key Responsibilities

- Act as the lead finance representative for major managed service procurements, complex commercial arrangements, investment programmes and transformation cases, providing financial leadership from initial scoping and option appraisal through approval, procurement, mobilisation and benefits realisation.

- Advise Executive Directors, Programme Boards, Committees and senior managers on affordability, value for money, whole-life cost, financial risk, commercial implications and alignment with the Trust’s financial strategy, capital and revenue constraints and long-term plans.

- Lead the financial development of Strategic Outline Cases, Outline Business Cases and Full Business Cases, ensuring assumptions, options, benefits, risks and recommendations are robust, clearly presented and compliant with NHS and HM Treasury guidance.

- Design, develop and maintain complex financial models covering whole-life costs, total cost of ownership, investment appraisal, capital and revenue consequences, risk transfer, sensitivity analysis, scenarios, affordability and benefits.

- Assess supplier pricing, payment mechanisms, indexation, performance deductions, gainshare arrangements, lifecycle costs, management fees, consumables, facilities management and other commercial terms.

- Develop financial evaluation and scoring methodologies; lead the assessment, clarification and moderation of tender submissions; and provide evidence-based recommendations on preferred bidders.

- Undertake financial due diligence on suppliers and proposed contracts, assessing financial standing, commercial resilience, contractual schedules, pricing adjustments, risk transfer and financial commitments, with clear escalation of material risks.

- Interpret and apply relevant accounting standards, national reporting manuals, procurement rules and business case guidance, advising on capital and revenue treatment, VAT, CDEL, depreciation, asset ownership, lifecycle funding and service concession considerations.

- Support contract approval and mobilisation by establishing financial controls, budgets, reporting, invoice validation, contract monitoring, governance and escalation arrangements.

- Confirm financial baselines, savings and productivity assumptions, benefits profiles and ownership; develop proportionate tracking arrangements; and support post-implementation review and benefits realisation.

- Plan and coordinate the financial workstream across multiple stakeholders, producing timely forecasts, scenario analysis, mitigation plans and high-quality information for decision-makers.

- Build effective working relationships with Finance Business Partners, capital finance, procurement, business intelligence, legal advisers, clinical and operational teams, senior leaders and external suppliers.

- Present complex and sensitive financial information clearly to financial and non-financial audiences, using strong negotiation, challenge and influencing skills where there are competing priorities or barriers to acceptance.

- Provide senior leadership within Finance, offering expert guidance, supervising, coaching and mentoring colleagues, improving team capability, documenting effective procedures and supporting recruitment, training and implementation of policies.

- Promote robust financial governance and compliance with Standing Financial Instructions, taking appropriate action where issues arise and developing systems and processes that strengthen procurement assurance, contract management and benefits tracking.

- Maintain current specialist knowledge of NHS finance, accounting, commercial practice and relevant national and regional guidance; contribute to finance training for budget holders and non-finance staff; and evidence continuing professional development.

- Work autonomously in a demanding and changing environment, prioritising competing deadlines, solving complex problems and maintaining resilience, sound judgement and high professional standards.

Person specification

Qualifications and Training

Essential criteria
  • Qualified Accountant
  • Educated to degree level
  • Postgraduate-level specialist knowledge acquired through significant post-qualification experience in complex financial management, capital accounting, commercial finance and business case development
Desirable criteria
  • Better Business Cases qualification

Knowledge & Skills

Essential criteria
  • Ability to demonstrate knowledge and experience of financial management
  • Ability to demonstrate knowledge and experience of capital accounting
  • A strong technical working knowledge of the NHS financial regime and associated accounting standards and being able to apply them to understand consequences and to offer solutions

Experience

Essential criteria
  • Experience of financial leadership of major investment programmes in an NHS organisation including business case development and approvals (from concept through to contract negotiation)
  • Experience of financial modelling of complex commercial arrangements within the NHS e.g. PFIs, managed equipment services, outsourced arrangements etc
  • Experience of developing business cases under HM Treasury’s Green Book Guidance

Employer certification / accreditation badges

Apprenticeships logoNo smoking policyPositive about disabled peopleAge positiveImproving working livesWorkplace Wellbeing Charter LogoArmed Forces Covenant Gold Awardcorporate covenantStep into healthArmed Forces Covenant

Documents to download

Apply online now

Further details / informal visits contact

Name
Hollie Day
Job title
Associate Director of Financial Management
Email address
[email protected]
Telephone number
0300 422 2222
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