Job summary
Reporting to the Deputy CFO and is accountable to the Site Chief Executive for strategic and operational financial Business Partnering for the Denmark Hill Site.
The role provides an interface between Finance and Operations, providing expert accounting and business knowledge, strategic financial and business planning expertise, analytical support and clear presentation of financial and business information to clinical and non-clinical colleagues to drive sound financial decision-making.
As a key part of the Site Executive Team, the post holder will constructively and positively build and challenge all aspects of the Site's financial, operational and business performance.
Main duties of the job
Finance and Business Planning
- To lead the development of an integrated income, expenditure, workforce, activity and capacity plan for the Site. This will include planning for Financial Risk Ratings, Key Performance Indicators and Override Factors prescribed within the Financial Compliance Framework.
- To challenge the Site executive team's assumptions and plans to ensure that they are aligned to the Trust's strategy and overall financial situation and financial recovery agenda.
- To ensure that datasets required for the production of the plan are uploaded accurately within the Trust's financial planning system.
- To prepare detailed bridging statements reconciling year on year performance and validating key movements.
- To maintain a detailed schedule of "normalising adjustments" to ensure the underlying trend analysis and year on year comparison can be clearly reported.
- To identify financial risks and produce a downside financial plan and identify mitigations.
- To lead the development of activity based costing as the basis for planning direct cost budgets and forecasts.
- To lead finance meetings with Executive Directors and/or external organisations, providing financial advice and support as required.
- To liaise and maintain good working relationships with all departments and appropriate external agencies.
About us
King's College Hospital NHS Foundation Trust is one of the UK's largest and busiest teaching Trusts with a turnover of c£1 billion, 1.5 million patient contacts a year and around 14,000 staff based across 5 main sites in South East London. The Trust provides a full range of local hospital services across its different sites, and specialist services from King's College Hospital (KCH) sites at Denmark Hill in Camberwell and at the Princess Royal University Hospital (PRUH) site in Bromley.
King's is committed to delivering Sustainable Healthcare for All via our Green Plan. In line with national Greener NHS ambitions, we have set net zero carbon targets of 2040 for our NHS Carbon Footprint and 2045 for our NHS Carbon Footprint Plus. Everyone's contribution is required in order to meet the goals set out in our Green Plan and we encourage all staff to work responsibly, minimising their contributions to the Trust's carbon emissions, waste and pollution wherever possible.
The trust-wide strategy Strong Roots, Global Reachis our Vision to be BOLD, Brilliant people, Outstanding care, Leaders in Research, Innovation and Education, Diversity, Equality and Inclusion at the heart of everything we do. By being person-centred, digitally-enabled and focused on sustainability, we can take Team King's to another level.
Job description
Job responsibilities
Decision Support
- To provide policy advice to the business to ensure an evidence-based approach to business decisions.
- To lead the development of business cases for Finance and Investment Committee where the level of investment exceeds the delegated limit for the Site.
- To ensure business cases have an objective method of measuring benefits and lead a systematic approach to reporting and supporting delivery expected benefits.
Income
To maximise income receivable to the Site by:
- Providing expert advice and training on Payment by Results.
- Working with the Deputy Chief Financial Officer to ensure Service Level Agreements are in place for all non-NHS Clinical Income and prices are regularly reviewed and updated
- Minimising income lost through poor data capture, incorrect coding and pricing and contractual penalties through effective reporting.
People Management and Performance
- Lead, coach and manage the performance of the team in line with good people management practices. Ensuring excellence is recognised and underperformance is addressed.
- Participate in regular performance appraisal meetings and ensure each member of the team has a clear set of objectives and development plans.
- Ensure the team is compliant with all mandatory training together with any professional training requirements, ensuring they are up to date and fully compliant.
- Manage team attendance and absence in line with Trust policy ensuring the appropriate return to work meetings occur, e-roster is updated and productivity is at keep to the highest possible level.
- Identify and fill vacancies that arise within the team in line with the Trusts recruitment policy and process.
- Identify talent and support the internal talent management process in order attract and retain and succession plan for your people.
- Review skills mix at regular intervals in order to identify any potential opportunities to maximise resource utilisation / allocation, ensuring job descriptions are kept up to date.
- Ensure overall wellbeing of the team is maintained. Continuously support in improving the morale of the team and implementing a culture of zero-tolerance for bullying and harassment.
- To manage and develop the Finance function as part of the Senior Leadership Team, to develop a common sense of identity, priority and direction.
Other
- To present financial and business information to a variety of stakeholder groups.
- To undertake all mandatory training in line with Trust policies and procedures.
- To take personal responsibility for own professional development.
- To maintain own professional competence and credibility.
- To adhere to relevant professional code at all times.
- To provide cover for the Deputy CFO and senior colleagues as appropriate, with agreement of the Site Chief Executive.
- To assist in producing ad hoc reports and in project work.
- To undertake any other duties requested as appropriate to the banding.
Job description
Job responsibilities
Decision Support
- To provide policy advice to the business to ensure an evidence-based approach to business decisions.
- To lead the development of business cases for Finance and Investment Committee where the level of investment exceeds the delegated limit for the Site.
- To ensure business cases have an objective method of measuring benefits and lead a systematic approach to reporting and supporting delivery expected benefits.
Income
To maximise income receivable to the Site by:
- Providing expert advice and training on Payment by Results.
- Working with the Deputy Chief Financial Officer to ensure Service Level Agreements are in place for all non-NHS Clinical Income and prices are regularly reviewed and updated
- Minimising income lost through poor data capture, incorrect coding and pricing and contractual penalties through effective reporting.
People Management and Performance
- Lead, coach and manage the performance of the team in line with good people management practices. Ensuring excellence is recognised and underperformance is addressed.
- Participate in regular performance appraisal meetings and ensure each member of the team has a clear set of objectives and development plans.
- Ensure the team is compliant with all mandatory training together with any professional training requirements, ensuring they are up to date and fully compliant.
- Manage team attendance and absence in line with Trust policy ensuring the appropriate return to work meetings occur, e-roster is updated and productivity is at keep to the highest possible level.
- Identify and fill vacancies that arise within the team in line with the Trusts recruitment policy and process.
- Identify talent and support the internal talent management process in order attract and retain and succession plan for your people.
- Review skills mix at regular intervals in order to identify any potential opportunities to maximise resource utilisation / allocation, ensuring job descriptions are kept up to date.
- Ensure overall wellbeing of the team is maintained. Continuously support in improving the morale of the team and implementing a culture of zero-tolerance for bullying and harassment.
- To manage and develop the Finance function as part of the Senior Leadership Team, to develop a common sense of identity, priority and direction.
Other
- To present financial and business information to a variety of stakeholder groups.
- To undertake all mandatory training in line with Trust policies and procedures.
- To take personal responsibility for own professional development.
- To maintain own professional competence and credibility.
- To adhere to relevant professional code at all times.
- To provide cover for the Deputy CFO and senior colleagues as appropriate, with agreement of the Site Chief Executive.
- To assist in producing ad hoc reports and in project work.
- To undertake any other duties requested as appropriate to the banding.
Person Specification
Qualifications
Essential
- CCAB qualified accountant with significant post qualification experience in financial leadership roles.
- Masters in financial or business discipline or equivalent experience and training
- Evidence of recent CPD including specialist training and experience relating to NHS finance as well as national accounting standards
Experience
Essential
- Significant post-qualification experience in a strategic finance leadership in a large complex organisation
- Experience of working with computerised financial systems
Desirable
- Experience and knowledge of the NHS including the financial and political agenda.
Knowledge and Skills
Essential
- Experience and knowledge of the NHS including the financial and political agenda.
- Accounting skills including financial analysis, planning and option appraisal.
- Good level of analytical skills, including analysis of data using Excel / related tools
Person Specification
Qualifications
Essential
- CCAB qualified accountant with significant post qualification experience in financial leadership roles.
- Masters in financial or business discipline or equivalent experience and training
- Evidence of recent CPD including specialist training and experience relating to NHS finance as well as national accounting standards
Experience
Essential
- Significant post-qualification experience in a strategic finance leadership in a large complex organisation
- Experience of working with computerised financial systems
Desirable
- Experience and knowledge of the NHS including the financial and political agenda.
Knowledge and Skills
Essential
- Experience and knowledge of the NHS including the financial and political agenda.
- Accounting skills including financial analysis, planning and option appraisal.
- Good level of analytical skills, including analysis of data using Excel / related tools
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).
Employer details
Employer name
King's College Hospital NHS Foundation Trust
Address
King's College Hospital NHS Foundation Trust
Denmark Hill
London
SE5 9RS
Employer's website
https://www.kch.nhs.uk/ (Opens in a new tab)
