Job summary
We are one of 40 Trusts across the country to receive funding for a new hospital from the Government's Health Infrastructure Plan.
An exciting and challenging opportunity has arisen for an experienced and dedicated individual to join our Financial Management team, reporting to the Deputy Director of Finance.
The postholder will lead a team of six Finance Managers, supported by Deputy Finance Managers and Management Accountants who concentrate on working strategically with senior managers and clinicians, to drive and support the business decisions of the Clinical Directorates.
The ideal applicant will have a background in operational or business finance, with excellent communication skills. Whilst an NHS background would be ideal, we are also open to recruit from the private sector. The successful applicant will be CCAB qualified (or CIMA) and be able to demonstrate continued personal development.
Relationships with Senior Operational Colleagues and finance team members is critical to success in this role and therefore an on-site presence is required for at least three days per week - the team are currently working in a hybrid manner with approximately 50% at home.
Main duties of the job
The broad purpose of the post is to support the Trust to meet both its financial and performance targets by:
- Leading the Finance Managers and Operational Budgets holders through the annual budget setting process
- Ensuring the Financial Management team report accurate and timely management accounts and performance against Cost Improvement Programmes
- Working alongside other senior finance colleagues to develop and implement the Finance Departments annual Business Plan
- Working with a number of stakeholders to analyse and interpret financial and non-financial data, using benchmarking and other resources to make recommendations for improvement and support the change process.
- Line management and development responsibility for all Finance Managers, undertaking appraisals and framing personal development plans.
- Ensure the Finance function is accredited to HFMA and professional accounting bodies
We are seeking talented individuals who are dedicated, motivated, pro-active with excellent planning and organisational skills to help us provide high quality care to our local communities.
About us
#BeKnown at West Suffolk NHS Foundation Trust. By us. By our patients. By our community
We are a busy, friendly, rural NHS Trust providing high-quality care and compassion to more than a quarter of a million people across west Suffolk. We care for, treat and support people in hospital, at home and in various community settings.
The West Suffolk Hospital in Bury St Edmunds provides acute and secondary care services (emergency department, maternity and neonatal services, day surgery unit, eye treatment centre, Macmillan unit and children's ward). It has 500+ beds and is a partner teaching hospital of the University of Cambridge.
Adult and paediatric community services, provided in collaboration with West Suffolk Alliance partners, include a range of nursing, therapy, specialist, and ongoing temporary care and rehabilitation, some at our Newmarket Community Hospital.
We do our utmost to achieve outstanding clinical outcomes for patients and our values of fairness, inclusivity, respect, safety and team work guide how we work and behave as a team.
With nearly 5,000 staff, from all over the world, we strive to make our organisation a great place to work. Whatever your role or ambition, we want to help you be the best you can be.
We promote a diverse and inclusive community where everyones voice counts and you can #BeKnown for whoever you are.
Join us. What will you #BeKnown for?
Job description
Job responsibilities
The Head of Financial Management will be responsible for providing leadership to the team of Finance Managers who provide financial support to the divisions within the Trust. This will include ensuring the Trust adopts efficient and effective working practices, maximises business opportunities and ensures appropriate planning and deployment of all resources.
The Head of Financial Management will be responsible for the preparation and presentation of the annual Trust Revenue and Capital budgets.
The Head of Financial Management will ensure that Business Cases presented to the Trust Investment Panel are robust and that all resource implications are considered.
The Head of Financial Management will ensure that the Finance Managers share good practice and work as a team when appropriate. In particular they will work closely with the PMO office in order to advise and guide the delivery of Trust wide CIPS. The postholder will ensure areas of both opportunity and concern are investigated and, where appropriate, action is taken to ensure income is maximised and services are provided efficiently. The prime source of financial information will be the Trusts Patient Level Costing and Information System (PLICS) and Service Line Reporting (SLR) as well as the Finance Dashboard and appropriate benchmarking.
The Head of Financial Management will work alongside Organisational Development colleagues to ensure the development of a financial training programme for non-finance colleagues around the Trust. This will ensure middle and senior managers have the financial skills and capability to manage their budgets effectively as well as understanding the financial consequences associated with operational decision making.
Job description
Job responsibilities
The Head of Financial Management will be responsible for providing leadership to the team of Finance Managers who provide financial support to the divisions within the Trust. This will include ensuring the Trust adopts efficient and effective working practices, maximises business opportunities and ensures appropriate planning and deployment of all resources.
The Head of Financial Management will be responsible for the preparation and presentation of the annual Trust Revenue and Capital budgets.
The Head of Financial Management will ensure that Business Cases presented to the Trust Investment Panel are robust and that all resource implications are considered.
The Head of Financial Management will ensure that the Finance Managers share good practice and work as a team when appropriate. In particular they will work closely with the PMO office in order to advise and guide the delivery of Trust wide CIPS. The postholder will ensure areas of both opportunity and concern are investigated and, where appropriate, action is taken to ensure income is maximised and services are provided efficiently. The prime source of financial information will be the Trusts Patient Level Costing and Information System (PLICS) and Service Line Reporting (SLR) as well as the Finance Dashboard and appropriate benchmarking.
The Head of Financial Management will work alongside Organisational Development colleagues to ensure the development of a financial training programme for non-finance colleagues around the Trust. This will ensure middle and senior managers have the financial skills and capability to manage their budgets effectively as well as understanding the financial consequences associated with operational decision making.
Person Specification
Education & Qualification
Essential
- CCAB Qualified or equivalent experience
- CPD records up-to-date
- Relevant Professional Organisational membership
Desirable
- Actively enrols onto professional development courses
Experience & Knowledge
Essential
- Significant amount gained at a senior position
- A successful record of working with senior clinical and non-clinical leaders across the NHS
- Leading on and able to challenge/influence : Formulating annual directorate financial plans working with senior leaders.
- Capital business cases
- Implementing policies and procedures
- Include recruitment & selection, appraisals, professional development, mentoring and discipline
- Experience of budget management in a highly complex environment
- Experience of working within an ever changing & challenging financial environment
- Working at both a technical and personal level with senior leaders to implement change
- The ability to plan and execute strategic change and influence organisational and individual behaviour
- An in depth knowledge of NHS accounting, reporting issues and the required application Proven financial management skills
- Experience of reporting and monitoring of non-financial information
- Prepare and present financial information to senior managers including executive directors Evidence of financial planning and delivery
Desirable
- Experience of NHS Capital accounting
- Experience in a similar role in a large complex Foundation NHS Trust
Skills & Abilities
Essential
- Advanced computer skills, especially in relation to modelling (spreadsheets), reporting and use of accounting systems.
- High levels of persuading and influencing skills Understanding of Finance IT systems
- The ability to understand complex customer needs quickly and respond effectively to them Contextualise business reporting through an understanding of both financial and non-financial KPIs
- Able to influence and bring about change in a complex organisation
- Sound understanding of Payments by Results (PbR)
- Sound knowledge of NHS policy and its application to Finance information (including activity)
- Sound understanding of Standing Financial Instructions and Scheme of Delegation Excellent interpersonal skills
Personal Qualitities
Essential
- Professional & confident individual who exhibits a strong presence and leadership potential Influence business decisions through reports, presentations and discussions with senior managers, clinicians and directors
- Ability to manage conflicting demands and plan appropriately
- Ability to cope under pressure and remain calm
- Committed to continuing personal development
- Team player and have personal initiative and drive Forward thinking and pro-active
- Self reliant, resourceful and organised
- Strong IT and presentational skills Critical, but constructive in approach
- Ability to think strategically and innovatively, and deliver operationally
- Good communicator at all levels
Person Specification
Education & Qualification
Essential
- CCAB Qualified or equivalent experience
- CPD records up-to-date
- Relevant Professional Organisational membership
Desirable
- Actively enrols onto professional development courses
Experience & Knowledge
Essential
- Significant amount gained at a senior position
- A successful record of working with senior clinical and non-clinical leaders across the NHS
- Leading on and able to challenge/influence : Formulating annual directorate financial plans working with senior leaders.
- Capital business cases
- Implementing policies and procedures
- Include recruitment & selection, appraisals, professional development, mentoring and discipline
- Experience of budget management in a highly complex environment
- Experience of working within an ever changing & challenging financial environment
- Working at both a technical and personal level with senior leaders to implement change
- The ability to plan and execute strategic change and influence organisational and individual behaviour
- An in depth knowledge of NHS accounting, reporting issues and the required application Proven financial management skills
- Experience of reporting and monitoring of non-financial information
- Prepare and present financial information to senior managers including executive directors Evidence of financial planning and delivery
Desirable
- Experience of NHS Capital accounting
- Experience in a similar role in a large complex Foundation NHS Trust
Skills & Abilities
Essential
- Advanced computer skills, especially in relation to modelling (spreadsheets), reporting and use of accounting systems.
- High levels of persuading and influencing skills Understanding of Finance IT systems
- The ability to understand complex customer needs quickly and respond effectively to them Contextualise business reporting through an understanding of both financial and non-financial KPIs
- Able to influence and bring about change in a complex organisation
- Sound understanding of Payments by Results (PbR)
- Sound knowledge of NHS policy and its application to Finance information (including activity)
- Sound understanding of Standing Financial Instructions and Scheme of Delegation Excellent interpersonal skills
Personal Qualitities
Essential
- Professional & confident individual who exhibits a strong presence and leadership potential Influence business decisions through reports, presentations and discussions with senior managers, clinicians and directors
- Ability to manage conflicting demands and plan appropriately
- Ability to cope under pressure and remain calm
- Committed to continuing personal development
- Team player and have personal initiative and drive Forward thinking and pro-active
- Self reliant, resourceful and organised
- Strong IT and presentational skills Critical, but constructive in approach
- Ability to think strategically and innovatively, and deliver operationally
- Good communicator at all levels
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
Additional information
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
