Chief Finance Officer

Job responsibilities

The below is just an excerpt. Please see the JD/PS in the Additional Supporting Information attached to this advert for the full Job Description. Thank you.

• The CFO will be required to ensure that the ICB meets the financial targets set for it by NHS England and NHS Improvement, including living within the overall revenue and capital allocation, and the administration costs limit. Jointly with other system partners, the Executive Director of Finance is responsible for ensuring that the integrated care system (ICS) delivers its financial targets.
• The CFO will support the development and delivery of the long-term plan of the ICB. They will ensure this reflects and integrates the strategies of all relevant partner organisations of the ICS, with a particular focus on developing a shared financial and resourcing strategy.
• As a member of the unitary board, each board director is jointly responsible for planning and allocating resources to meet the four core purposes of integrated care systems (ICSs),

o to improve outcomes in population health and healthcare;

o tackle inequalities in outcomes, experience, and access;

o enhance productivity and value for money and

o help the NHS support broader social and economic development.

• The CFO will be responsible for developing the finance strategy for the ICS to support the board in achieving these aims, including consideration of place-based budgets, and making use of benchmarking to make sure that funds are deployed as effectively as possible.
• You will be managerially responsible for the following functional areas:

o Strategic finance and operational financial performance

o Financial assurance and controls

o Capital management

o Audit

o Estates

o Specialised Commissioning

o IT & Infrastructure

Key Accountabilities

The CFO reports directly to the ICB CEO and is professionally accountable to the NHS England Regional finance director.

• As the strategic financial lead, the CFO is accountable for all matters relating to the financial leadership and financial performance of the ICB.
• The CFO will also be responsible for ensuring that the ICB implements a robust financial strategy and for ensuring that system resources are effectively deployed and used to provide the best possible care for the population.
• The CFO will also be responsible and accountable for a wider portfolio including estates strategy, IT and IT infrastructure, and specialised commissioning.
• The CFO along with other executive members of the ICB will have an influential executive role and shared accountability for the development and delivery of the long-term financial strategy of the ICB, ensuring this reflects and integrates the strategies of all relevant partner organisations within the ICS.
• The CFO will be responsible for building partnerships and collaborating with wider ICS system leaders including provider collaboratives, public health, primary care, local government, voluntary and community sector, other partners and local people to make real transformational differences for the population through local, regional and national forums.
• They will provide financial leadership and influence across the ICS to ensure that opportunities to drive improvements in population outcomes which includes collaborating and providing financial leadership with key partners (across health, care and wider) to break down barriers, drive innovation and achieve agreed deliverables.
• Alongside other members of the ICB, you will ensure that population health management, innovation, and research, supports continuous improvements in health and well-being.
• They will influence and work collaboratively as part of a wider system to create opportunities to make sustainable long-term improvements to population health with key partners. This may include developing approaches which are non-traditional in nature, ambitious and wide reaching in areas which incorporate the wider determinants that have an impact on improving clinical outcomes, better life outcomes and reducing health inequalities for the population of the ICS.
• The CFO is professionally accountable to the NHS England regional finance director and may from time-to-time be formally requested to act on behalf of NHS England on key performance, monitoring, and accountability matters. This will include the identification of key financial risks and issues related to robust financial performance and leadership and working with relevant providers and partners to enable solutions.
• As a qualified accountant, individuals in these roles will be accountable for their own practice and conduct in the role.
• Setting strategy and delivering long-term transformation
• They will be responsible for influencing and contributing to the ICB plans and wider system strategies of the ICS, with the aim of driving innovation in clinical outcomes, reducing health inequalities and achieving better life outcomes across the ICS. This will include creating and influencing leadership relationships and wide scale system change to ensure that the ICB acts as an enabler to harness system development opportunities to improve the population health of the ICS.
• As a system leader, they will provide leadership across organisational and professional boundaries to lead and facilitate transformational change for the ICS population.
• They will ensure that the ICB influences and seeks input from wider ICS system leaders including provider collaboratives, public health, primary care, local government, voluntary and community sector, other partners and local people to make real transformational differences for the population through local, regional and national forums.
• They will support the production and delivery of a five-year ICB plan with the key aim to produce a financial and resources strategy aimed at improving clinical outcomes, better life outcomes and reducing health ...