Job Description

A senior financial role driving and leading a team of professional financial staff in support of the Trusts financial direction, ensuring at all times full financial compliance. The provision of a highly skilled team specializing in all areas of financial management in support of the Trusts financial initiatives and long term financial strategy.

• Responsible for the provision of a professional financial service across the Trust. Ensuring that the team demonstrate and practice the skills necessary when leading and guiding Senior Trust managers
• To coach and mentor senior members of the team in their development, including the identification and support of financial leaders of tomorrow.
• Responsible for ensuring that all Trust Senior managers with financial responsibilities are guided and supported at all times, when carrying out their financial responsibilities.
• Responsible for the provision of financial leadership in new financial initiatives, including areas where there is no precedence have been set
• To lead on the development of financial skills/ qualifications for non-finance staff.
• To provide financial leadership to a designated Clinical Group to support the delivery of an approved financial plan and ensuring proper financial control is maintained and value for money achieved
• To oversee and process all business cases pertaining to their Clinical Group to support financial investment decisions and service re-design
• Responsible for the full performance management of their reporting team, including: • Annual Appraisals, competence based
• Professional and personal PDPs
• Annual objectives
• CPD requirements
• Professional study
• Compliance with mandatory training requirements
• Recruitment and Selection
• Performance, capability of the team
• To co-ordinate the workload and set the objectives and priorities for their direct line reports
• You will be responsible for the development, implementation and delivery of the operating policies of the department
• To engage with the Associate Director of Finance for Clinical Group to ensure that the operational reporting requirements of the organization are achieved
• To take the lead in delivering specific department objectives and developments, including championing these across the organization
• To lead on the provision of financial advice and support to the Clinical Group with regards to service development proposals.
• Responsible for ensuring that all reporting is produced in line with the Trust financial timetable.
• To lead a team of financial professional in the provision of financial support to a designated Clinical Group to support the delivery of an approved financial plan.
• Responsible for ensuring that all customers receive accurate and clear financial information, Ensuring that budgets set reflect the cost of delivering contracted activity baselines and other agreed performance targets.
• As a leading financial expert, responsible for ensuring that all assumptions contained in Trust business plans have been constructively challenged and potential risks and further opportunities are high-lighted and quantified.
• Provide professional strategic financial expertise, support and advice to business cases and their related multi-disciplinary project groups. Undertaking the financial appraisal of each of the proposed options applying advanced, technical financial modelling, discounted cash flow and sensitivity analysis and considering affordability under payment by results.
• Deliver financial information that meets the requirements of the Directorate Management Teams and Clinical Group
• Responsible for ensuring the provision of an executive reporting pack to Clinical Group Boards and performance review meetings ensuring key financial issues are high-lighted and clearly articulated
• Ensure that the production of monthly management accounts is in accordance with the accounting policies and procedures of the Trust
• To ensure that all financial opportunities are identified, quantified and clearly articulated across the Trust. To ensure there is appropriate coverage of and engagement with financial reports within the Clinical Group. By ensuring that all Trust staff with specific financial responsibilities are trained to read and interpret financial budget reporting information.
• To lead for Financial Management, working in partnership with the Business Intelligence Unit and Financial Planning and Development teams to develop and maintain a suite of business intelligence reports that will help supplement and corroborate the financial data
• The Head of Finance will be responsible for development of CAG relationships within Directorates in terms of financial reporting and strategies
• To recommend improvements to and ensure best reporting practice is shared and communicated among Heads of Directorate Finance and Senior Finance Managers
• Responsible for the development, implementation and management of a financial business suite in support of all financial reporting requirements. Ensuring that all systems are kept up to date and maintained.
• Continual responsibility for Trust wide financial systems, including new reporting systems, version update, file management, audit requirements, specification development, UAT and ongoing management.
• Responsible as the leading expert to ensure that the team works collaboratively with clinicians using the Patient Level Costing Qlikview application to support the development of effective and efficient clinical pathways
• To identify, develop, recommend and implement improvements in the Financial Management team performance, including regular review of team performance covering systems, processes, policies and individual performance.
• Responsible as the senior lead for finance developing, reviewing processes and providing analysis in respect of income, pay and non-pay across the Trust
• To work in collaboration to improve the effectiveness of accounting systems, working closely with the appropriate Associate Directors of Finance and the Business Intelligence Unit
• To lead for the department working in collaboration to continually review and improve the effectiveness of the performance monitoring systems, working closely with colleagues in finance and the Directorate of Informatics
• Responsible for ensuring that the co-ordination required for the provision of financial reports and analysis through the Senior Finance Manager and supporting staff.
• Responsible for the management of the provision of financial management information, analysis and advice to the Directorate management team and other senior staff throughout the Trust
• To provide professional expert guidance to the Clinical Group executive management team and when required to challenge assumptions held to ensure the development of robust financial forecasts
• Responsible for monitoring and reviewing directorate forecasts and ensure that plans are adequately implemented and monitored from the start of each year, and to ensure a consistent approach for new plans developed during the year
• Responsible for the creation pf processes to enable the identification of ways to improve income generation across the Trust and to maximize income from current sources.
• To identify ways to reduce costs and enhance value across the Trust.
• To take an active role in working with the Clinical Group executive management team and other managers in developing long term plans to improve productivity, quality and efficiency savings
• To develop with individual Directorates an awareness of financial performance requirements, and of the need for budgetary control.
• Responsible as the leading expert taking the lead in Financial Management in identify the financial training needs and requirements of Directorates and to provide the resources and materials to address these
• To ensure that all managers are aware of, and act in accordance with Standing Financial Instructions.
• Responsible for the provision of the costing, pricing and financial planning activity of the Trust, including reviewing all costs and prices and recommending changes to contracts where appropriate.
• To undertake the required financial reviews in the evaluation of business cases and tenders
• The post holder will perform as a leading expert with the organization, managing a team of professional accountants.
• This role is required to coach and mentor professionals across the finance function.
• Areas of staff professional development including, Records of Experience, annual CPD records, senior management skill coaching and mentoring.

Required Knowledge, Skills, and Abilities