Job summary
Kernow Health CIC (KHCIC) have an exciting opportunity for the right person to join our Executive Team and to play a major role in the continuous development of the organisation. A key part of the attendance and working with our Executive and NED Board members is the strategic planning, direction and continued growth of the organisation.
Please ensure you review the full Recruitment pack which is attached before applying for this role.
This is a role for someone who wants to make a difference, develop systems, drive efficiencies, and implement their ideas and experience. It is the first time that we have implemented this role in the organisation, relying previously on outsourced partners. The successful candidate will lead the finance team and have autonomy to establish or improve the appropriate processes and policies required, as agreed by the Exec/Board. We want to establish an internal audit process that complements our CQC mock inspections in addition to driving contract management and business development successfully and effectively.
KHCIC has undertaken a turnaround process in 2023/2024. This has resulted in a positive outcome and improved cash and financial position and this will continue through our planned year of change.
Main duties of the job
Our Executive team works effectively together, to deliver our company strategy and objectives. It is important that the successful candidate, as a fully qualified chartered accountant, plays a major role in that team and brings with them expertise, innovation, and dedication to succeed in what is an exciting and interesting segment of patient health and wellbeing.
This is an exciting time to join KHCIC as we travel through our year of change which includes:
- Governance review and streamlining of committees (complete)
- Finance review and efficiencies program
- Retender of accountants and auditors (complete)
- Implementation of key contract management and internal audit processes
- Appointment of key roles, exec and board members
- Implementation of a culture program and staff benefits
- Integrated working opportunities with other NHS providers and Trusts for safe and effective patient care
Working at KHCIC can be hugely rewarding, whatever role you are in. Everyone counts and is valued for the part they play in making the organisation a successful provider of primary care and community services.
The hours are 37.5 per week, however we would consider a minimum of 30 hours per week.
About us
KHCIC provides several valued health services supporting the Cornwall and Devon community, rated GOOD by the Care Quality Commission (CQC). Whether working directly with patients, our member GP practices or as part of the behind the scenes team, our staff strive to provide a professional, caring, and efficient service.
This is an exciting time to join us and if you share our vision, we look forward to receiving your application for this role.
Please apply via
- An application via NHS Jobs on-line
- An up-to-date CV which shows your full career history
- A supporting statement
For a copy of the full recruitment pack please contact kernowhealthcic.recruitment@nhs.net
If you wish to arrange an informal chat with our CEO please contact angela.cavanagh5@nhs.net
Job description
Job responsibilities
Principal duties and responsibilities
- To maximise the financial performance of Kernow Health CIC whilst maintaining the standards and principles which underpin our business model.
- To lead and manage the timely production of monthly management accounts with appropriate commentary, analysis and reforecast of the expected outturn financial position.
- To work with our appointed accountancy firm, to design the best policies and processes for the organisation, recommending changes, improvements and if appropriate redesign.
- To design and implement an internal audit process that enables scrutiny and oversight of processes.
- To be ready for external audit, ensuring organisational probity
- To improve the format and content of financial reports including the design of the finance performance report and analysis, to aid the understanding by Board members and key personnel of the financial performance of each service area.
- To assure and oversee procurement and tendering processes and opportunities, working with the service leads to grow the business appropriately.
- To establish a value for money and effective contract management system with the responsible and accountable service managers, attending contract meetings with commissioners and providers where required.
- To communicate financial performance of the business to managers and Board members, including attendance at Board meetings.
- To deliver a clean audit report within four months of the year-end through strong leadership of the year-end process, and effective liaison with the appointed external auditors. Ensuring the production of necessary schedules and analysis, resulting in statutorily compliant financial statements, and accompanying notes.
- To lead the creation of the annual budgets process for Income & Expenditure, Balance Sheet, Cash Flow and Covenant Compliance and reforecasting these monthly from the end of Q1.
- To develop long-term financial plans for Kernow Health CIC in line with the business plan, including service growth and remodelling of existing services as agreed with the Chief Executive.
- To stress test the financial plans in order to understand what events and economic factors would have a serious deleterious impact on the business plan.
- To lead and manage the finance function within Kernow Health CIC including mentoring and coaching the development of the finance team to facilitate effective succession planning.
- To take an active role in the executive and management team, including challenging the procurement and delivery of services and overheads to improve value for money.
- To develop duties between staff members to maintain strong but appropriate financial control over, inter alia, income and payments to suppliers.
- To maintain adequate asset and liability registers with accurate information, ensuring that assets are depreciated at appropriate rates.
- To lead in all matters financial with external professional advisory firms (including but not limited to auditors, pensions, HMRC, insurance and utility providers), prospective and existing lenders and stakeholders.
- To advise on the most cost-efficient means of financing the business including renegotiation and or extension of existing debt facilities as appropriate.
- To provide a cost-efficient financial service to Kernow Health CIC including the costs of maintaining our integrated management and accounting systems.
- To provide a comprehensive development finance service including feasibility studies of new opportunities, scheme financial appraisal, assessing the impact on the long-term financial plan and negotiating finance for the services with prospective lenders/providers/stakeholders.
- To maintain comprehensive documentation and a full audit trail, for all financial procedures and processes.
- Ensure that the VAT and tax processes are accurate and legal, providing or establishing the right financial tax advice for accuracy and KHCIC benefit.
- To provide regular internal KPIs and perform external benchmarking of these.
- To develop a framework for articulating and reporting the Value for Money within the business.
- To represent and attend a variety of forums and develop networks and contacts on behalf of Kernow Health CIC.
- Working with Cornwall and the IoS stakeholders finance leads to establish financial balance across the NHS system whilst enabling the right level of patient care access and outcomes
- This list is not exhaustive and will be defined with the right candidate.
Job description
Job responsibilities
Principal duties and responsibilities
- To maximise the financial performance of Kernow Health CIC whilst maintaining the standards and principles which underpin our business model.
- To lead and manage the timely production of monthly management accounts with appropriate commentary, analysis and reforecast of the expected outturn financial position.
- To work with our appointed accountancy firm, to design the best policies and processes for the organisation, recommending changes, improvements and if appropriate redesign.
- To design and implement an internal audit process that enables scrutiny and oversight of processes.
- To be ready for external audit, ensuring organisational probity
- To improve the format and content of financial reports including the design of the finance performance report and analysis, to aid the understanding by Board members and key personnel of the financial performance of each service area.
- To assure and oversee procurement and tendering processes and opportunities, working with the service leads to grow the business appropriately.
- To establish a value for money and effective contract management system with the responsible and accountable service managers, attending contract meetings with commissioners and providers where required.
- To communicate financial performance of the business to managers and Board members, including attendance at Board meetings.
- To deliver a clean audit report within four months of the year-end through strong leadership of the year-end process, and effective liaison with the appointed external auditors. Ensuring the production of necessary schedules and analysis, resulting in statutorily compliant financial statements, and accompanying notes.
- To lead the creation of the annual budgets process for Income & Expenditure, Balance Sheet, Cash Flow and Covenant Compliance and reforecasting these monthly from the end of Q1.
- To develop long-term financial plans for Kernow Health CIC in line with the business plan, including service growth and remodelling of existing services as agreed with the Chief Executive.
- To stress test the financial plans in order to understand what events and economic factors would have a serious deleterious impact on the business plan.
- To lead and manage the finance function within Kernow Health CIC including mentoring and coaching the development of the finance team to facilitate effective succession planning.
- To take an active role in the executive and management team, including challenging the procurement and delivery of services and overheads to improve value for money.
- To develop duties between staff members to maintain strong but appropriate financial control over, inter alia, income and payments to suppliers.
- To maintain adequate asset and liability registers with accurate information, ensuring that assets are depreciated at appropriate rates.
- To lead in all matters financial with external professional advisory firms (including but not limited to auditors, pensions, HMRC, insurance and utility providers), prospective and existing lenders and stakeholders.
- To advise on the most cost-efficient means of financing the business including renegotiation and or extension of existing debt facilities as appropriate.
- To provide a cost-efficient financial service to Kernow Health CIC including the costs of maintaining our integrated management and accounting systems.
- To provide a comprehensive development finance service including feasibility studies of new opportunities, scheme financial appraisal, assessing the impact on the long-term financial plan and negotiating finance for the services with prospective lenders/providers/stakeholders.
- To maintain comprehensive documentation and a full audit trail, for all financial procedures and processes.
- Ensure that the VAT and tax processes are accurate and legal, providing or establishing the right financial tax advice for accuracy and KHCIC benefit.
- To provide regular internal KPIs and perform external benchmarking of these.
- To develop a framework for articulating and reporting the Value for Money within the business.
- To represent and attend a variety of forums and develop networks and contacts on behalf of Kernow Health CIC.
- Working with Cornwall and the IoS stakeholders finance leads to establish financial balance across the NHS system whilst enabling the right level of patient care access and outcomes
- This list is not exhaustive and will be defined with the right candidate.
Person Specification
Qualifications
Essential
- Educated to degree level or equivalent.
- Senior Professional accountancy qualification e.g., ICAEW, ACCA, CIPFA, CIMA
- Evidence of continuing professional development activities
Experience
Essential
- Strong ICT skills including good working knowledge of a variety of Microsoft applications
- Experience of operating a Management Information system
- Managing a large budget
Desirable
- An understanding of the Care sector
- Proactive approach to keeping up to date with local and national health and social care developments
Work Related Skills and Knowledge
Essential
- Knowledge and experience of audit requirements
- Experience of working at senior level within a team
- Experience as a Director of Finance or equivalent role
- Experience and knowledge of strategic planning and evaluation
- Experience and ability to use financial management systems
- Evidence of leading and managing budgeting and reporting processes
- Exceptional leadership skills and the ability to motivate and inspire staff
- Experience of financial and accounting practices
- Evidence of managing procurement processes in line with regulatory requirements
Desirable
- Ability to analyse data and implement appropriate strategies to promote improvements and raise standards
- Experience or knowledge of developing risk management and business continuity strategy
- Knowledge of key financial information, e.g. NHS funding methodology and contracting arrangements with the care sector
Personal Abilities
Essential
- Outstanding leadership qualities with a proactive and flexible approach
- Ability to lead teams and effectively delegate tasks
- Ability to self-manage and work independently
- Proven capability to work innovatively and independently
- Excellent interpersonal and communication skills in dealing and collaborating with colleagues, partner organisations, the community and other stakeholders
- Strong organisational skills and ability to develop effective systems
- Ability to work to high levels of accuracy under pressure
- Ability to think and act strategically
- A positive, enthusiastic outlook with the energy, drive and determination to succeed
- Ability to work with tenacity and probity
- Ability to present to a wide range of audiences
- Able to respect and understand the importance of confidentiality, displaying integrity
Person Specification
Qualifications
Essential
- Educated to degree level or equivalent.
- Senior Professional accountancy qualification e.g., ICAEW, ACCA, CIPFA, CIMA
- Evidence of continuing professional development activities
Experience
Essential
- Strong ICT skills including good working knowledge of a variety of Microsoft applications
- Experience of operating a Management Information system
- Managing a large budget
Desirable
- An understanding of the Care sector
- Proactive approach to keeping up to date with local and national health and social care developments
Work Related Skills and Knowledge
Essential
- Knowledge and experience of audit requirements
- Experience of working at senior level within a team
- Experience as a Director of Finance or equivalent role
- Experience and knowledge of strategic planning and evaluation
- Experience and ability to use financial management systems
- Evidence of leading and managing budgeting and reporting processes
- Exceptional leadership skills and the ability to motivate and inspire staff
- Experience of financial and accounting practices
- Evidence of managing procurement processes in line with regulatory requirements
Desirable
- Ability to analyse data and implement appropriate strategies to promote improvements and raise standards
- Experience or knowledge of developing risk management and business continuity strategy
- Knowledge of key financial information, e.g. NHS funding methodology and contracting arrangements with the care sector
Personal Abilities
Essential
- Outstanding leadership qualities with a proactive and flexible approach
- Ability to lead teams and effectively delegate tasks
- Ability to self-manage and work independently
- Proven capability to work innovatively and independently
- Excellent interpersonal and communication skills in dealing and collaborating with colleagues, partner organisations, the community and other stakeholders
- Strong organisational skills and ability to develop effective systems
- Ability to work to high levels of accuracy under pressure
- Ability to think and act strategically
- A positive, enthusiastic outlook with the energy, drive and determination to succeed
- Ability to work with tenacity and probity
- Ability to present to a wide range of audiences
- Able to respect and understand the importance of confidentiality, displaying integrity
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.
UK Registration
Applicants must have current UK professional registration. For further information please see
NHS Careers website (opens in a new window).
Additional information
UK Registration
Applicants must have current UK professional registration. For further information please see
NHS Careers website (opens in a new window).
