Head of Financial Management
Job Description
Job summary
To provide a comprehensive Financial Management service to divisional Management teams (Clinical Directors, General Managers and Lead/Heads of Nursing) within the Trust enabling the efficient management of their resources
To support the Associate Director of Finance with financial and strategic issues.
To support the Associate Director of Finance in providing financial reporting, planning, forecasting and an advisory service at a Trust wide level to Directors and the Board
Deputising for the Associate Director of Finance if necessary
Main duties of the job
Advising all parts of the organisation on the implications of financial strategy and policy. Proactively advising, influencing and educating on all business and financial objectives and the planned income and expenditure position.
Lead the co-ordination of the annual budget setting process for the Trust in conjunction with the Associate Director of Finance,together with consolidating, analysing and monitoring performance against budgets including identifying appropriate actions to ensure Trust remains on track to deliver its financial commitments.
Ensure that appropriate finance and business performance analysis is provided, to Directorate Teams in a timely manner, and advise on key issues and support the delivery of Directorate performance targets
Direct line management of the Senior Finance Managers
About us
Come and join a Trust rated Outstanding by the CQC. South Warwickshire University NHS Foundation Trust have been rated as outstanding following our latest inspection by the CQC and we are recruiting new staff to come and help us improve even further. In addition our staff survey results have placed us 4th in the country for recommended place to work.
We provide services across Warwickshire and beyond ranging from Hospitals in Warwick, Stratford-Upon-Avon, Royal Leamington Spa and Shipston-on Stour to Community Services across the county. We are a progressive, expanding organisation with great ambition around improving quality, integrating pathways and delivering high levels of productivity.Our values can be summed up in one sentence. We are 'Trusted to provide safe, inclusive, effective and compassionate care'. Throughout the recruitment process you will be asked to think about how you demonstrate these values and how they impact on your work. It doesn't matter what role you do, whether it is patient facing or not, we are all working in the same way with our values at the core.
Job responsibilities
Responsibility for consolidation and meaningful interpretation of clinical service and corporate directorate financial performance including triangulation with activity and cost drivers. This will incorporate dynamic management of Risk and Opportunities, analytics and deep dives to ensure greater understanding of drivers, financial impact and actions required to mitigate potential risks to deliver the Trust level financial commitments.
Be responsible for defining and co-ordinating the month end process for reporting financial performance (which covers Income, Expenditure and Capital) of year to date and forecast outturn including development of financial performance reporting mechanisms and systems.
Be responsible for triangulation and analysis of financial performance determinants; activity, income, workforce, cost drivers, cost improvement programme (CPIP).
To liaise with Financial Management on the implications of cost pressures, CPIPs, activity and income projections and what it means for the future.
Supports the divisions and Project Management Office in relation to the identification, delivery and reporting of the savings programme.
Work with both the Income and Information teams to support the production of the monthly financial position and provide appropriate performance analysis and reporting for the Trust.
To provide leadership to the financial management team in delivery of its objectives.
The post holder will support the development and review of financial systems to ensure that the financial planning function can provide a comprehensive and effective service to the Trust.
Ensure a good understanding of the operational plans and processes for the Trust so that specific operational and functional plans can be integrated with the Trust wide Long Term Financial Model (LTFM). To ensure that the LTFM is kept live with the Trusts in year and forecast position.
To take responsibility / lead on projects which may have significance in the way resources are deployed throughout the Trust.
To provide leadership on the business support to the Trust and Directorates in the development of business cases and service redesign.
Providing financial advice to the Trust operational teams drawing on performance monitoring information including, activity variances, performance against national targets and policy changes that may impact on decision making and forecasts
To be responsible for the day-to-day management and development of the financial management team.
Provide information and support to internal and external audit ensuring that relevant audit report recommendations are followed up and implemented
Provide appropriate advice concerning all aspects of financial control liaising with Trust subject matter experts (standing financial instructions, standing orders etc.), probity and stewardship, charitable funds guidelines and VAT principles and regulations.
To act as an authorised signatory for transactions from the Trusts bank accounts
Responsible for managing budget setting, forecasting and approval of expenditure, triangulating between the various determinants of financial performance to report in a timely and coherent way to the Senior Finance Team.
Take an overall lead in the Trusts Finance Staff Development programme. Plan and deliver financial training to finance and non-finance staff. Responsible for managing the Financial Accounts and Management Accounts budget, including budget setting, forecasting and approval of expenditure
Additional duties appropriate to the grade as required from time to time.
Plan and deliver financial training to finance and non-finance staff.
Provide information and support to the Trusts internal performance management regime as required
Person Specification
Qualifications and Experience
Essential
- Please see detail Job Description and Personal Specification
Desirable
- Please see detail Job Description and Personal Specification
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.
Certificate of Sponsorship
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
South Warwickshire University NHS Foundation Trust
Address
Warwick Hospital
Warwick
CV34 5BW
