Associate Director of Finance – Financial Management and Reporting

Associate Director of Finance – Financial Management and Reporting

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We are seeking anAssociate Director of Finance – Financial Management & Reporting to provide senior leadership within the Finance Directorate and play a key role in supporting the Trust’s strategic and operational objectives.

Reporting into the senior finance leadership team, you will be responsible for leading the financial management and reporting function, ensuring the delivery of accurate, timely and high-quality financial information to internal and external stakeholders. You will coordinate the Trust’s budget setting process in line with the medium-term planning cycle and provide expert financial advice and support to budget holders across the organisation.

Working closely with operational and clinical leaders, you will help ensure the Trust is appropriately resourced to deliver safe, high-quality and cost-effective patient services. You will also support the delivery and robust accounting of efficiency programmes, contributing directly to the Trust’s financial sustainability and long-term planning.

Main duties of the job

The purpose of the role is to:

• Ensure that a financial management strategy is formulated which is consistent with the Trust’s overall strategy, is understood by all stakeholders and is delivered utilising all available resources efficiently and effectively
• Ensure the financial management function delivers accurate and timely information to a wide variety of internal and external stakeholders.
• To co-ordinate the delivery of detailed budgets in accordance with the three year planning cycle
• Ensure that appropriate financial advice and support is provided to budget holders across the Trust on the financial planning process.
• To ensure that the Trust is adequately resourced to deliver and develop high quality, patient focused and cost effective services in line with the requirements of the Trust’s commissioners, the national and local modernisation agenda, the Trust’s strategic direction and annual service plans.
• To support the Efficiency Team in the delivery and accounting of robust Efficiencies.

About us

Our people are our greatest asset. When we feel supported and happy at work, this positivity reaches those very people we are here for, the patients. Engaged employees perform at their best and our Equality, Diversity & Inclusion (EDI) initiatives contribute to cultivate a culture of engagement. We have four staff networks, a corporate EDI Team and a suite of programmes and events which aim to insert the 5 aspirations:

• Improving representation at senior levels of staff with disabilities, from black, Asian, and ethnic minorities background, identify as LGBTQ+ and women, through improved recruitment and leadership development
• Widening access (anchor institution) and employability
• Improving the experience of staff with disability
• Improving the EDI literacy and confidence of trust staff through training and development
• Making equalities mainstream

Job responsibilities

KEY RESULT AREAS

Strategic Responsibilities

• Develop and implement a strategic approach to the annual budgeting round across the Trust. Develop the policy and framework for the production of the Trusts annual budgets to ensure there is a sustainable financial base for the Trust.
• Assist in the development of business cases from conception to authorisation and implementation for strategic projects and new business opportunities which would be of clinical and/or financial benefit to the Trust, and provide expert knowledge, challenge and rigour where appropriate.
• Assist with the development of long term plans and projects to improve the quality and efficiency of services in line with Commissioners strategic intentions and Trust requirements.
• With CIP Programme Management Office colleagues agree how policies on how CIPs are defined and measured.
• Forge positive internal and external working relationships, in order to support effective management approaches to achieve trust objectives.
• Manage a team of approximately 25 wte.
• Plan the various reporting timetables in liaison with the Board and other Directorates.
• Manage the production of timely financial information that meets the needs of the Trust Management Executive, Finance and Investment Committee and Trust Board. Ensure that reporting is incisive and identifies drivers and trends, plus remedial actions to respond to adverse trends. The use of a variety of presentational methods is expected and reporting information processes and outputs will be expected to be continuously improved.
• Manage the production of a robust, bottom up forecast on a regular basis, which is owned by the Clinical Directorates, where finances triangulate with activity and workforce forecasts.
• Manage the process of providing commentaries to financial plans and regular monitoring reports to Trust Management Executive, Finance and Investment Committee, Trust Board and the Trust Development Authority.
• Ensure that appropriate financial advice and challenge is available to Directorate leadership teams, and that high levels of internal customer satisfaction are maintained.
• Lead the annual budget setting process ensuring Directorates are enabled to develop their own budgets within the Trusts financial strategy whilst producing an overall budget which assures delivery of the Trusts financial duties and targets.
• Co ordinate details of service cost pressures, impact of inflationary changes to income and expenditure and evaluating strategic financial implications of any changes in commissioning arrangements and ensure these are reflected in budgets.
• Ensure the integration of strategic and business planning across all services and functions with budget setting. Ensure that robust links are maintained between capacity planning, directorate plans and corporate objectives.
• Ensure that the budgets are agreed and signed off by Clinical and Executive Directors, and that finance, workforce and activity information are aligned.
• Be a visible champion of cost improvement programmes throughout the organisation, helping and enabling Directorates to produce and deliver local savings while contributing to shape Trust wide savings initiatives.
• Work closely to support the Efficiency Team in producing clear and accurate reporting of budgeted, actual and forecast Efficiencies.
• Manage the production of the Trusts financial and performance reports including supporting the completion of all internal and external financial returns.
• Monitor and assist in the development of Trust Recovery Plans by assessing and validating the financial implications of any service redesign proposals.

Governance

• Promote all matters of corporate governance (including development and improvement of arrangements) throughout the Trust.
• Ensure the Directorates policies, procedures and Trusts Standing Financial Instructions are strictly adhered to.
• Contribute to the development of systems, control processes and risk management that ensure full compliance with internal and external governance and best practice requirements relating to financial management, financial projects and costing processes.
• To ensure the Trust meets its statutory financial duties.

Qualifications

• MBA or masters level degree or equivalent based on several years senior financial management experience in a healthcare environment
• CCAB/ CIMA Qualified
• Evidence of continued professional development

Experience

• Proven leadership experience in the NHS or disciplines within Acute Healthcare
• Experience of leading Financial Management on behalf of a Trust or a Division of Significant size
• Significant staff and budgetary management
• Extensive experience of collecting complex data from a number of sources, forming opinions, identifying options, making recommendations and presenting to diverse audiences
• Solid experience of managing a programme of project work, including major organisational and/or service change

Knowledge

• Strategic thinker with well-developed planning skills
• Sufficient knowledge of medical procedures as to be credible when dealing with clinicians
• Able to analyse highly complex issues involving material drawn from various sources, sometimes conflicting
• Outstanding communication skills – verbal, written and via the use of high level presentation tools
• Adept at handling politically sensitive situations
• Able to translate departmental objectives into coherent work plans and objectives for self and staff
• Ability and knowledge to specify, at a high level, process improvements for further development by others
• Ability to manage own workload and make informed decisions and judgements on the basis of experience and such facts as are available, working tight and often changing deadlines
• Experience of project management techniques such as Prince 2

Personal Qualites

• Open and participative leadership style
• No problem with working under a lot of pressure
• Clear decision maker based on good consultation
• Inspires staff though clarity of objectives, hard work and interest in their careers and personal development
• Relationship builder
• Able to manage conflict in an open manner

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.

£94,356 to £108,814 a yearplus HCAS per annum

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